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4 Reasons Why Toronto Condo Prices Will Rise 20% in 2017

When the high profile developer Brad Lamb predicted this week that condo prices would rise by 20% this year, it caused a lot of raised eyebrows and disbelief. By now most people have heard that the condo market is hot, but the “normal” price appreciation rate for condos over the last 5-10 years is about [...]

Top 5 Condos to Invest in on the Downtown Relief Line

The Downtown Relief Line has been talked about for decades, but now it is inching closer to reality. The purpose of this new subway line is to bring “relief” to the overcrowded Yonge street line by pulling riders off the Danforth line and bringing them downtown through the Riverdale/Leslieville/Queen street east neighbourhoods. After several revisions, [...]

5 Things to Know About Closing Costs When Investing in a Pre-Construction Condo

When it comes to closing costs on pre-construction condos, there is a lot of misinformation out there. You may have heard horror stories of buyers being hit with closing costs of $40,000 on final closing, and you start to wonder why are 20,000 people buying pre-construction condos every year in the GTA if this were […]

5 Reasons Why the Luxury Condo Market is About to Explode

“The Ritz Carlton continues to be one of the best bargains in Toronto. I think in time we will look back in future years in disbelief at the prices that people are getting these units for…” I wrote these words in a blog post here. The date was September 20, 2012. At the time, units […]

The Risks and Rewards of Renting your Condo on Airbnb

  Until about 3 years ago, if you were a condo investor, you really only had 2 choices of what to do with your unit: 1) Rent it out on a standard 12-month unfurnished lease. Under this option you might get somewhere around $1600/month for a typical junior 1 bedroom downtown.  With this strategy your […]

Investing 101: The 4 Dimensions of Real Estate Investing

Disclaimer: this article is not meant to be considered taxation or legal advice. Always consult your appropriate legal and tax professionals for advice on such matters. One of the reasons why real estate is such a powerful wealth creator is that, unlike other types of investment, it allows for multiple income streams and has some […]

Why Canada’s New Mortgage Rule is Great News for Condo Investors

Today the new Finance Minister Bill Morneau announced a significant change to the mortgage rules in Canada for property buyers. If you skip to the end of this article you can see more details into what the rule is exactly and how it breaks down, but if you are reading this you are probably a […]

3 Mistakes to Avoid When Investing with Friends and Family

If you are thinking about investing in a property with a family or friend, there are certain benefits that can make it an attractive way to build your real estate portfolio. Most obviously, investing with a partner allows you greater buying power and lowers your personal risk exposure. However, there are potential pitfalls too, and […]

5 Shocking Truths About The Toronto Condo Market That No One Is Talking About

1. The Condo Market is Bigger and Hotter Than Ever Before The media is so obsessed with the skyrocketing prices and bidding wars taking place across the GTA in the low rise housing market that people are missing the fact that the condo market is booming once again after a relatively slow last couple of […]

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