Real Estate Blog

The Psychology of Real Estate

Maslow’s Hierarchy of Needs is a five-level model of human needs. These tiers are divided into three sections; the first being basic needs, the second psychological needs, and the last being self-fulfillment needs. The idea is that basic needs need to be satisfied before moving onto the next tiers. These basic needs include food, water, sleep, and shelter.

 

 

Today we’re going to focus on the basic human need of shelter. As an investor of real estate, you are investing in a basic need of every individual, housing.

When discussing investing in condos, one of the first questions asked are “How do I know I will get a tenant?” and “Why would someone want to live in them?” These are fair questions to ask.

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Buying a Pre-Construction Condo in Toronto

When buying a pre-construction condo, you are buying the right to purchase a unit which will be completed in 3 to 5 years at today’s set price. This is a great way to invest your money without having to worry about a mortgage right away and to participate in appreciation without actually owning the physical asset. The competitive Toronto market will also cause rents to continue to increase while you’re waiting, further improving positive cash flow.

Buying a pre-construction condo is quite different from the resale process. In the resale process, you are sent an MLS listing, you go see the property, if you like the property you make an offer, you negotiate, the offer is accepted, you provide the

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Affordability in downtown Toronto continues to be an issue for buyers, rentors, and investors, that consistently comes up in the media. I am often asked the question, “Is there anywhere in Toronto or perhaps the GTA where you can invest for about $500 - $600/square foot?”

Unless you have $100,000+ of capital, purchasing or investing in downtown Toronto is challenging. Because of the lack of affordability in downtown Toronto, other areas become more attractive. One such area is Oakville. There’s a level of wealth and prestige associated with this town, as it’s home to some of the most expensive real estate in the country, including the large mansions on its waterfront. And now, Oakville will be home to a brand new development, Minto Oakvillage.

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Spring is in the air! Where will you invest your money this season?

Welcome to our NEW weekly series! You asked for more video content, and we listened!

Stay tuned each week as we release a new conversational and easily digestible video covering everything from real estate news, to trends in the housing market.

Today we’re once again joined by Kyle, Director of Operations at RE/MAX Wealth Builders Real Estate, to discuss the spring market, including some very exciting launches we have coming up this season!

In this episode specifically, we’ll cover how to invest in downtown Toronto property, what to look for in an up and coming or prosperous neighbourhood, and how to find hidden gems in and around the downtown core, like the Galleria

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Thinking of selling an assignment? Will you get more for your money if you hold on to the property?

Welcome to our NEW weekly series! You asked for more video content, and we listened!

Stay tuned each week as we release a new conversational and easily digestible video covering everything from real estate news to trends in the housing market.

Today we’re once again joined by Kyle, Director of Operations at RE/MAX Wealth Builders Real Estate, to discuss the dos and don'ts of selling *assignments. 

In this episode specifically, we’ll cover the assignment clause, the disadvantages of selling an assignment prior to closing, and the costs and profits associated with selling an assignment, closing a deal using an alternative lender, or holding

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Will there be another recession? Will condo prices continue to increase in 2019?

Welcome to our NEW weekly series! You asked for more video content, and we listened!

Stay tuned each week as we release a new conversational and easily digestible video covering everything from real estate news to trends in the housing market.

Today we’re joined by Kyle, Director of Operations at RE/MAX Wealth Builders Real Estate, to discuss condo pricing and our predictions for 2019.

In this episode specifically, we’ll cover why we believe condo prices will increase by 5% in 2019, condo rental costs will increase by 5-10%, and condo vacancy rates will continue to decrease below 0.7% — breaking these predictions down into three main categories; stress test,

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The Cardiff - Boutique Condo Living at Bayview and Eglinton

Attend Our Preview Event

- View floor plans and pricing

- Learn how you can purchase in the project

Date: Friday, April 20th, 2018

Time: 5:00 pm to 9:00 pm

Location: Originals Ale House

Address: 1660 Bayview Ave Toronto On

 

The Cardiff Details

 

12 Storey, 92 Unit Condo Building in Midtown Toronto

482 Eglinton Avenue East

Occupancy Fall 2020

The Developer: Sierra Building Group

Experience: More than 25 years of successful home building across South Ontario and the US. 

The Experts:

Interior Designer: Bryon Patton and Associates

Architect: RAW

The Units:

Units Range from 1 Bedroom to 3 Bedroom + Den

Townhomes from 2 bedroom to

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Follow My Money - The Next Condo I Am Buying In

Television City - By Brad J. Lamb

Name: Television City

Name: Television City

Builder: Brad J. Lamb

Location: 163 Jackson, Hamilton

 

Why I am Buying in Television city:

I usually focus on buying in undervalued areas that have potential for long term appreciation and cash flow.

Which is why I'm so excited to let you know that the next condo project I'm investing in really has the makings of a "home-run" type investment.

Below you will find my detail analysis for why Television city and why Hamilton:

Value Proposition

  • Toronto condos are launching at $1,100-$1,200 per. sq. ft.
  • Entry level units are between $500,000 - $600,000.
  • A 20% deposit is
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Welcome to Tour Des Canadiens 3 (TDC3) - Half The Price of a Downtown Toronto Condo on Yonge Street in Prime Montreal

Diversify your Toronto portfolio with an investment in the Montreal Market - with a prime downtown location. 

Why Montreal:

- 5.8% unemployment - lowest unemployment rate since 1976. - No Foreign buyer tax. - Open immigration policies - 52,000 new immigrants expected in 2019. - Real estate sales ate highest levels in 10 years. - Home to McGill - Ranked the 3rd best university in Canada.  - NO DEVELOPMENT FEES on closing.   

Why Tour Des Canadiens 3

- Part of Windsor Quad $2 Billion Dollar Development which includes Deloitte Tower and 1600 jobs and nearly 500,000 sq. ft. of office space. - TD3 will be
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1181 Queen Street West - Bringing Luxury to West Queen West

The Neighbourhood:

In September 2014 West Queen West was awarded the 2nd most cool neighbourhood in the world by Vogue Magazine. 

Fast forward to February 2018 and now it is getting it first taste of luxury living. 

Going up on the South East corner of Queen and Gladstone 1181 Queen Street West will be a statement building welcoming people to this hipster neighbourhood in transition. 

Across from iconic boutique hotels The Gladstone and Drake and along the Queen West strip with its plethora of restaurants and shops you will never be at a loss to stimulate your creative side. 

Trinity Bellwoods is just down the road and is a true gem of a green space and public park. It is

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