We’re kicking off 2020 with an opportunity that’s a little different than our usual.
Taking It To Calgary
I bought a pre-construction condo in Calgary.
“You’re crazy! Why are you investing in a condo in Calgary?”
Why in the world would I purchase a condo in Calgary when I’ve developed such a successful portfolio in Toronto and helped others do the same?
To be completely honest, that was my first reaction, too. When the opportunity first came to be, I started doing some research on the Calgary market. As you can expect, the Toronto market and the Calgary market are very different. The Calgary market has been going down since 2014, whereas the Toronto market has been strong for over a decade (excluding our slight dip in 2009) and is consistently rising.
Buy Low, Sell High
Though Calgary has been experiencing a low for the last 7 years, we’re seeing a light at the end of the tunnel. Here’s what my research has shown me:
Calgary is a capitalist city and a first-tier city in Canada
It is home to over 1 million people and rated one of the most liveable cities
It has stability, great health care, culture, education, and more
The Trans Mountain Pipeline is under construction and expected to be complete in 2022 which is going to increase the distribution of oil in Alberta
By distributing oil to the West Coast, you’re going to see a bump in the pricing
Simply put, this is the perfect opportunity to buy low and sell high.
When you invest in real estate in Alberta, there are no development charges. Whereas, in Toronto, you would typically spend close to $20,000 on closing. In Alberta, you don’t have a land transfer tax. In Toronto, we have double land transfer tax.
Overall, my closing fees on this particular pre-construction condo will amount to approximately $2,000, which are the legal fees. There are no extra costs, no extra surprises. On top of that, Alberta does not have provincial taxes, whereas we have our HST. In the end you’re only really dealing with the 5% federal tax on these properties.
I don’t want to own something in Calgary today, in this depressed market. As always, I’m in it for the long-run. This is a pre-construction opportunity. The building is not scheduled to be completed until 2023-2024. I have 3 to 4 years of construction time for the market to improve, which, as we discussed earlier, it will.
On top of that, this specific project is offering a 2-year rental guarantee. This means that, if for any reason I cannot find a renter for the first 2 years once the building is done, they will cover the rent for that period of time. So, taking on 2 more years, I don’t have to worry about having a potentially vacant property till 2025-2026. That’s giving the market 6 years to start improving which, again, will once the Trans Mountain Pipeline is complete in 2022.
Follow The Money
The best part? The company investing in and building this complex is none other than the Minto Group. They have accomplished a lot of work in Ontario, Florida, and own a lot of land in Calgary as well.
Minto Group is a billion-dollar company that is taking advantage of and investing their money in the low prices in the Calgary market.
My mantra has always been, “follow the money,” and if the billionaires are investing in Calgary’s future, then I should be, too.
This is the perfect opportunity for someone looking to start their portfolio but can’t invest in the GTA market or someone looking to add a little something into their current portfolio, as you only need to put 5% down. You’re looking at about $15,000 to enter the Calgary market with a 1-bedroom condo at $300,000. In Toronto, you’re looking at, at least, $500,000 for a small studio. It’s just impossible to find such low prices anywhere in Toronto.
I’m expecting my personal investment in the Calgary complex to go up $100,000. I will have multiplied my initial investment of $15,000 more than 6 times!
Invest Before It’s Gone
At the end of the day, the only downside with this investment is waiting to see how long it will take the market to start rising, but we know it will. This is a low-price, low-risk opportunity and I want to help you get in on it.
This opportunity is moving quickly. It first went on sale in December with 180 units available. We’re in mid-February and about 150 units have already been sold, leaving only 30 available units.
I still believe in Toronto as a blue-chip opportunity, but if you’re not ready to make that leap and want to start at a lower cost, or maybe you’re looking to diversify your growing portfolio, this opportunity is a no-brainer.
If you’re interested in this home-run opportunity, email email@example.com or call/text (416) 996-5181. We’ll set up a meeting and start building your generational wealth and financial freedom.