Tagged : alex j wilson

Found 9 blog entries tagged as "alex j wilson".

 

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

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A Minto Success Story

There are great new opportunities coming to us from Minto in the next few weeks, but before we look into the details I wanted to share my own experience when investing in a Minto building. 

In 2014 there was a development called Minto Westside that went up on the corner of Bathhurst and Front Street, on the peripheral of what we know as King West. There are over 600 units in the project and a Farm Boy grocery store going into it. Myself and my team were responsible for representing the landlords and putting people in the property. Though the project was great and we were able to sell over 30 units, making us responsible for over 5% of the building, it was slightly difficult to sell as some of my regular investors did not

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I was inspired to create this video and article when I attended a wedding last weekend where I had the chance to catch up with a good friend from university. He’d come to Toronto from the US to attend the wedding and had the opportunity to invest into some condos, as well. In the end, he chose not to invest in Toronto condos because he didn’t believe in the market.

If you’ve been on the fringes of investing or contemplating selling the properties you already own, I’m hoping my personal experience will encourage you to invest and keep your condos.

My Real Estate Net Worth

After the wedding, I decided to calculate my real estate net worth and show you what I’ve grown since 2012 with an initial deposit of $39,300. This involves taking current

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The apartment building market had a record year in 2018 at $8.3 billion and they’re looking to potentially beat that market in 2019. At the 6 month mark of 2019, the apartment building market hit $4 billion. We’re seeing rental growth rates of over 7% on rents year after year which is a very attractive asset that, of course, people are jumping all over. At this point, the only reason 2019 wouldn’t beat that record would be that there just isn’t enough product out there. Many apartment building owners aren’t looking to sell and want to pass it down to the next, creating generational wealth. This causes huge search and demand for these types of rental properties.

New Players Entering The Game

Historically, the traditional players that were

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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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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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