Search
Generic filters
Filter by Categories
All Condos
Ask Andrew
Hi-Rise (West) Inc.
i2 Developments
Insights
New Condos by City
Ajax
Aurora
Barrie
Beamsville
Bolton
Bracebridge
Bradford
Brampton
Burlington
Caledon
Calgary
Collingwood
Dundalk
Georgetown
Halton Hills
Hamilton
Kingston
Kitchener
London
Markham
Thornhill
Milton
Mississauga
Cooksville
Port Credit
Square One
Montreal
Napanee
Newmarket
Niagara Falls
Oakville
Oshawa
Ottawa
Pickering
Richmond Hill
Smithville
Stayner
The Blue Mountains
Toronto
Amesbury
Baldwin Village
Bayview Village
Beaches
Bedford Park
Briar Hill
Brockton Village
Cabbagetown
Canary District
Casa Loma
Chinatown
Church & Carlton
Church & Wellesley
Church St. Corridor
Clanton Park
Corktown
Corso Italia
Danforth Village
Davenport
Davisville Village
Distillery District
Don Mills
Downsview
Downtown
East Junction
East York
Eglinton East
Eglinton West
Entertainment District
Eringate
Etobicoke
Fashion District
Financial District
Flemingdon Park
Forest Hill
Garden District
Greektown
Harbourfront
High Park
Kensington Market
King East
King West
Leaside
Leslieville
Liberty Village
Little Italy
Little Portugal
Long Branch
Mimico
Moss Park
Newtonbrook
North York
Oakridge
Old Town
Ottawa
Parkdale
Regent Park
River District
Rosedale
Rustic
Scarborough
St. Clair West
St. James Town
St. Lawrence
Stockyards
Summerhill
Swansea
Tam O'Shanter-Sullivan
The Annex
The Junction
The Kingsway
The Queensway
Victoria Park Village
Wallace Emerson
Waterfront
Weston
Willowdale
Yonge & Bloor
Yonge and College
Yonge and Dundas
Yonge and Eglinton
Yonge and Lawrence
Yonge and Richmond
Yonge and Sheppard
Yonge and St. Clair
Yorkdale
Yorkville
Vaughan
Maple
Thornhill
Waterloo
Whitby
Whitchurch-Stouffville
Whitechurch-Stouffville
New Condos by Deposit
10% Before Occupancy
15% Before Occupany
5% Before Occupancy
New Condos by Developer
Acorn Developments
Adi Development Group
Allegra Homes
Alterra Developments
Altree Developments
Amacon
Amexon Development
AMICO
Andrin Homes
Angil Development
Aoyuan International
Aragon Properties Ltd
Armour Heights Developments
Artlife Developments
Ashcroft Homes
Aspen Ridge Homes
Balder Corporation
Ballymore Homes
Bazis Inc
Benvenuto Group
Biddington Homes
Blackdoor Development Company
Block Developments
Bloomfield Homes
Branthaven Homes
Briarwood Development Group
Brixen Developments
Broccolini
Brookfield Residential
BSäR
Camrost-Felcorp
Canderel Residential
Capital Developments
Carlyle Communities
Carriage Gate Homes
Carttera Private Equities
Castlebridge Development Group
Castleview Developments
CentreCourt
Centrestone Urban Developments Inc
Centreville Homes
Chestnut Hill Developments
Choice Properties REIT
Choo Communities
Cityscape Development Corporation
Cityzen
Claireville Holdings Limited
Clifton Blake
Collecdev
Concert Properties
Concord Adex
Condoman Developments Inc
Conservatory Group
Constantine Enterprises Inc.
Consulate Development Group
Context
Core Development Group
Cortel Group
Craft Development
Creek Village Inc.
Cresford Developments
Crown Communities
Crystal Homes
Cystal Glen Homes
Daniels
Davpart
DC&F Corp
Devron
Diamante Development
Diamond Kilmer Developments
Diamondcorp
Distrikt Developments
Doornekamp Construction Ltd
Dormer Homes
Downing Street Group
Dundee Kilmer
Eden Oak
Edenshaw
ELAD Canada
EllisDon Capital
Emblem Developments
Empire Communities
Evans Planning Inc
Fernbrook Homes
Fieldgate Urban
Fifth Avenue Homes
Firmland Development Corporation
First Avenue Properties
First Capital
Flato Developments
Forest Hill Homes
FRAM + Slokker
Freed
G Group Developments
Gairloch
Gary Silverberg
Gemterra Developments Corporation
Genesis Homes
Georgian International
Globizen Developments
Gordon Wells Ltd.
Graywood
Great Gulf
Greatwise Developments
Greenfield Quality Builders
Greenland Group
Greenpark Group
Greenwin
Greybrook Realty
H&W Developments
Harhay Developments
Harlo Capital
Haven Developments
Homes by DeSantis
Hullmark
Hyde Park Homes
Icon Homes
IN8 Developments
Investissement SM Immobilier
Ironwood Bay
JCF Capital
Kaleido Corporation
Kalovida Canada Inc
Kaneff Corporation
KBIJ Corporation
Kingdom Development
KingSett Capital
Kroonenberg Group
Lalu Canada
Lamb Developments
Lancaster Homes
Lanterra
Latch Developments
Laurier Homes
LCH Developments
Les Entreprises QMD
Liberty Development
Liberty Hamlet Inc
Lifestyle Custom Homes
Lifetime Developments
Limen
LJM Developments
Madison Group
Malibu Investments
Manorgate Homes
Marlin Spring Developments
Marydel Homes
Mattamy Homes
Mayfair Homes
Medallion Capital Group
Menkes
Metropia
Metroview
Minto
Mizrahi Developments
MOD Developments
Nascent Developments
New Horizon Development Group
NOCO Development Company
Norstar Group of Companies
North American Development Group
North Drive
North Edge Properties
Northam Realty Advisors
Nova Ridge Development Partners
Old Stonehenge
ONE Properties
One Urban
Options Development
Oxford Properties
Parallax Development Corporation
Patry Inc Developments
Pemberton Group
Phantom
Phelps Homes
Pinnacle International
Platinum Vista
Plaza
Podium Developments
Primont Homes
ProWinko
QuadReal
Queensgate Homes
RAJACan Developments Inc.
ReBuilt Construction
Reids Heritage Homes
Reserve
RioCan
Rise Developments
Riverking Developments
Rosehaven Homes
Rosewater Developments
Rowntree Enterprises
Royalpark Homes
Royalton Homes
Saxon Developments
Scholar Properties Ltd
Sequoia Grove Homes
Seven Numbers Development
Sherwood Homes
Shiplake Properties Limited
Sierra Building Group
SilverCreek Communities
Slate
Solmar Development Group
Solotex Corporation
St. Regis Homes
St. Thomas Developments
Stafford Homes
State Building Group
Sundance Homes
Sunny Communities
TAS
Tercot Communities
The Brown Group of Companies
The Remington Group
The Rockport Group
The Rose Corporation
The Sher Corporation
Tiffany Park Homes
Times Group Corp
Treasure Hill
Tribute Communities
Tricar
Tricon Developments
Tridel
Triumphant Group
Trolleybus Urban Development Inc
Trulife Developments
United Lands
UrbanCapital
Urbane Communities
VANDYK
VanMar Developments
Vermilion Developments
Vintage Park Homes
Wabash Heights Developments Inc
Westbank Corp
Westbank Corp. and Allied Properties
Westdale
Zancor Homes
New Condos by Occupancy Year
2019
2020
2021
2022
2023
2024
TBA
News
Podcast
True Condos Approved
Uncategorized
Videos
Filter by content type
Taxonomy terms

Is your home a piece of art or a money making tool

Do you view your home as a work of art to be admired or a tool to be used to generate wealth and secure your financial future?

Too many people make the mistake of viewing their principal residence as some kind of object to be acquired, then admired, all the while accumulating massive amounts of ‘dead equity’.

Instead of sitting on this equity that is doing nothing for you, why not tap into it and invest in more properties?

Missing out on additional investment opportunities basically amounts to selling yourself short. That’s because it neglects a key benefit of home ownership: beyond shelter or a retirement fund, homes can be a tool to create wealth. You can leverage your first property long before you reach your Golden Years and buy a second property. It’s the start of a portfolio, which down the road could potentially translate into millions of dollars of net worth versus the $500,000 to a million dollars that one Toronto home will leave you with.

Here are four tips to get you on your way and help you avoid the big mistake most homeowners make.

 

Start small

You don’t have to go all-out and tap into every cent of equity you have. If you have, say, $300,000 in equity, consider taking out just $80,000 to $100,000 using a line of credit. That can be the downpayment for your first real investment property. By starting small, you can learn the ins and outs of this style of investing without burdening yourself with high levels of risk.

 

Crunch the numbers

Of course, it goes without saying that you need to run the numbers before acting. However, we are living in a period of historically low interest rates, even following recent Bank of Canada hikes to the overnight rate. Say you took out a $100,000 line of credit at an interest rate of 3 per cent, which is not uncommon right now. You’ll have to shell out $3,000 a year on interest.

So if you’re buying a pre-construction suite, you’ll end up paying $12,000 in interest over a four-year period until the unit is completed. Thing is, you’re only putting down 20 per cent on the condo, so the unit only has to appreciate in value by 0.6% annually to in effect, cover the cost of interest. Over the last 20 years condos have appreciated on average at approximately 5-6%.

 

Think long-term

If you aren’t sure if this method of investment is for you—or if you’re getting cold feet—look at the bigger picture. If your parents have paid off their own home, you’ve likely seen how they have been able to use it to their advantage around retirement age. Perhaps they downsized from a detached home to a condo and pocketed the $600,000 difference in the process. But what if they had purchased even a single investment property after buying their first home some 20,30,40 years ago? How much better off would they be?

 

Do it again—and again

For as long as you can afford it and the numbers make sense (as discussed above), don’t stop after that first investment property. Keep building your portfolio by taking advantage of the equity you’re amassing—this basic strategy of using the equity in your home to invest has created countless millionaires for as long as it has existed. What’s stopping you from becoming the next one?

***If you enjoyed this article, you might also enjoy listening to the podcast which it was based off. Check it out here***

Tags