Investing in Toronto Real Estate

Our Weekly Talk series about Toronto Condos.

Found 17 blog entries about Investing in Toronto Real Estate.

 

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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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

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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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We’ve discussed affordability when investing before, but today we’re going to be digging into some under-the-radar opportunities coming up in Toronto.

The Humber

The Humber is a very unique opportunity being developed at Lawrence West and Weston Road, just 400 meters from the Union Pearson Express and GO Train stop. Taking the UP Express, you can find yourself downtown in just 15 minutes which, from a transportation perspective, is absolutely incredible. With transportation being such a key element in Toronto real estate, this is going to add future value to the property.

In comes the affordable part. You can buy into this project for only 5% down and the pricing is $675 per square foot. That’s literally half the price of a condo in

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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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  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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  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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