Real Estate Blog

  Recently a client approached me and asked if investing in a large condo in Toronto would be a good investment. The unit they were looking at is between 1,600 to 1,700 square feet and selling for about $2.3 million. They plan on living in the unit but wanted to know what the long-term prospects for the property were.    Let’s put this into perspective. We’ve talked about all the major companies moving their headquarters to downtown Toronto and some of the developments being built to accommodate the massive increase in population. Some of these professionals are executives earning high salaries that require larger living spaces. They could be downsizing or rightsizing and want to be close to the office base. Perhaps they’re coming from…
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  Today we're shining a spotlight on the Galleria On The Park project, a development located at Dupont street and Dufferin street by ELAD Group, a multinational firm with development projects in North America, Europe, and Israel. Their market share value approaches nearly 2 billion dollars and their strong reputation definitely proceeds them. In Toronto, they’re most known for their Emerald City development which is another master planned community near completion in North York. Because of their scale, how well healed they are, and their constant need to deploy capital and create value for shareholders, they focus on creating large communities.  

Galleria On The Park

The Galleria On The Park development is their next project, another…
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First Impressions

There are many things you can do to maximize the value of your unit. The first being creating the best first impression for your prospective tenants/buyers by staging the unit. Think of it as going on a first date. When meeting someone, you form an opinion of them within the first five minutes. Same applies to a prospective tenant or buyer walking through your unit for the first time. Staging your space is a crucial part of raising the value of your unit.    What’s involved in getting your unit into that first date condition? More goes into it than you may think. No two listings are ever the same as every situation is different. Some owners live in the unit and keep it in immaculate condition and have good quality…
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  This week is all about debunking pre-construction condo myths to help ease your concerns about investing in pre-construction.  

All Work, No Play

One of the main misconceptions is that being a landlord is a lot of work and that you are constantly having to visit properties and dealing with tenants. Because these are brand new condos, there is very little if anything at all that you need to worry about. When owning a freehold home, there is a lot more maintenance involved like landscaping, snow removal, and dealing with expensive issues like frozen pipes, updating your air conditioning, fixing your roof, etc. When it comes to a brand new condo in Toronto’s core, you remove most issues you would have with a freehold home. Tenants may…
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In the last blog we listed some of the buildings being developed in Toronto’s core. This week we’re taking a closer look at the companies moving in. These companies have high paying jobs that are going to be employing the individuals that will be renting or purchasing your investment properties.

Who's Moving In?

Think Research will be an anchor tenant in a building called The Shift at 25 Ontario Street. They are a leading digital health care platform provider and are moving their headquarters into this building, occupying almost 90,000 square feet with over 500 staff members. The CEO has accredited the exponential growth they’ve been experiencing to being based in Toronto.

Shopify, a massive e-commerce company, will be moving in at Spadina

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Last week we talked about not only residential vacancy rates but office vacancy rates being at an all-time low in Toronto as well, currently being at 2.6%. As promised, this week we are diving deeper into non-residential space developments in the downtown core of Toronto, including commercial and office spaces, hospital developments, etc. Though these massive developments can seem a bit overwhelming, it’s important to remember that the companies building and moving into to the downtown core are represents high-paying jobs which will be filled by the people who are going to live in your investment condos and pay the high rents.  

What’s Coming

The City of Toronto website, www.toronto.ca, provides a detailed list of all non-residential…
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Making Headlines

Have you seen the headlines? A study released by Ryerson University’s Centre for Urban Research and Land Development has declared Toronto as the fastest growing city in North America. Yet, new home sales are down. What’s up with that? 

We’ve already discussed the population growth in Toronto and how it’s a population centre in Canada. This week we’re going deeper into why as real estate investors or aspiring real estate investors this new headline and the growth of this city and its surrounding areas is good news.

We’re Number One

From July 2017 to July 2018, not only is Toronto first on the "population growth by city" (chart below) with a growth rate of 77,435, it had more than 3 times the growth rate of Phoenix,

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In honour of the Raptors win at the NBA Championship and the rumours in regards to Kawhi Leonard buying a house in Toronto, this week’s blog is all about why pro-athletes should be buying their properties in Toronto, rather than renting them.

Renting vs. Buying Properties

Most pro-athletes tend to rent properties rather than owning them. For example, a well-known baseball player was renting one of our properties for $10,000 per month for seven months out of the year. That adds up to a $70,000 expense per season. His salary was in the tens of millions per year. It doesn’t make any financial sense to be renting rather than purchasing. The specific property he stayed in could have been purchased for about $2 million and the carrying cost with a

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Suburbs At The Forefront

With Toronto not only being voted the number 1 place in Canada to live, but the number 1 place for new Canadians to immigrate to, we’ve seen significant price increases in the downtown area. The shorter term rate of return may be lower, so where can we find opportunities with potential to see a greater jump over th shorter to medium term? The Toronto suburbs are the answer to that.

You may be wondering if we’re going to be looking at detached homes in this article rather than condos. This question can be answered with a simple fact: the spread between the value of the detached home and the condo is 139%. So, as you can see, there is a huge opportunity for appreciation with condos.

Why should you put suburban

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The Fluidity of Managing a Real Estate Portfolio

A question I commonly receive while doing a seminar is, “Alex, when are you going to stop buying? When will it be enough?” As it stands, my portfolio includes 11 properties.  I constantly come across opportunities and because I live and breathe this industry, I can allow for a little more risk in my portfolio than a traditional investor. Those who are less involved in the industry tend to have a smaller portfolio.

It’s important to treat your portfolio as a fluid portfolio. My portfolio began in 2012 when I purchased my first pre-construction property and it has continued to grow as I invest in them every year. Though things in the real estate industry were very different back in 2012 and

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