November 2019

Found 3 blog entries for November 2019.

 

This week we’re talking about one of the top reasons people should move into a condo close to work that many don’t think about. 

 

Snow

 

That’s right, snow. Major weather events can positively impact your condo value. 

 

Last week Toronto had a record snowfall which immediately had people complaining about their commute (more than usual) and how people, all of a sudden, have forgotten how to drive.  

 

We know Toronto has the worst commute in North America, most if not all of us Torontonians have experienced it, combine it with a major storm and you’ve got a nightmare. It creates anxiety for anyone taking surface transportation for their commute. Whether it’s by car or by bus, it makes it very difficult for people to

63 Views, 0 Comments

 

A recent report, published by Royal LePage, stated that 680,000 homes will be purchased by new Canadians over the next 5 years.

Homeownership in Canada

In Canada, the homeownership rate is 68%, with new Canadians rating at 32%. Typically, new Canadians wait 3 years after arriving in Canada to purchase a home. Before that they are renting properties, allowing for a 3 year lag in time which is great news for investors. This gives us an influx of new individuals that are renting and, lucky for us, most of them are coming to the Greater Toronto Area. 

The GTA is the largest population center in Canada. We are responsible for 20% of the GDP. Toronto has the economic growth engine, this is where the jobs are, and is the most multicultural

64 Views, 0 Comments

Don't just take my word for it. We have someone else that built a 15M real estate portfolio!

In today's video, we take a look at a recent article in the Toronto Star titled How a TTC driver quietly bought up a corner of the city. 

In this article, The Toronto Star details the life of a Portuguese immigrant, Manuel Gomes, who moved to Canada decades ago with no money and began a career as a TTC driver. What people didn't know about him was that he was slowly accumulating an extensive real estate investment portfolio, which in today's money is worth $15M. 

How is that possible?

Over the years, Manny got in the habit of purchasing property, holding each one for a short while and then renting it out, doing this repeatedly until he eventually

217 Views, 0 Comments