When it comes to closing costs on pre-construction condos, there is a lot of misinformation out there. You may have heard some horror stories of buyers being hit with closing costs of $50,000 in extra costs on final closing, and you start to wonder why are thousands of people buying pre-construction condos every year in […]
If you are thinking about investing in a new condo you are probably wondering what is the upside and where will prices be in 5 years from now? How much profit will I make? It is an important question and one I will answer now but it’s a bit of a red herring. So many […]
When it comes to mortgage financing on your investment property, there are considerations that differ for every property and every situation, however there is one debate that is common for every investor: do you go with a fixed or variable mortgage rate? Here are 3 reasons why I always go with a variable mortgage rate […]
There are many upsides to investing in pre-construction condos—that much should be obvious by now from reading this blog—but one difference from the resale market that can turn into an inconvenience is the uncertainty surrounding occupancy dates with new builds. On the resale market, it’s clear when you’re taking possession of a home. On the […]
Generally speaking, it is best to purchase a unit as early on in the development process as possible. Before going public with sales, builders will first usually offer units to friends and family. Then, they’ll start working with platinum agents—there are about 100 in the GTA, myself included—to continue to move inventory ahead of the […]
Condo investment might seem like a cold, hard numbers game—but it’s also an emotional experience with its own unique set of highs and lows. There’s a ton of advice out there about the numbers side of things, less so for the emotional rollercoaster you’re about to hop on. Because of that, I’ve rounded up six […]
When investing in the ultra competitive Toronto real estate market, you want whatever advantage you can get. Any slight edge can make a huge difference on your long term return on investment. But with so many investors competing for properties, how do you get ahead of the pack? Here, I’ll show you how to get […]
Conventional Canadian wisdom has it that you should pay down your mortgage as fast as you can. This idea, though popular, is exactly the wrong thing to do when to do it comes to real estate investing. Instead you should actually increase the debt in your home to invest in more cash-flow producing property. Why? [...]
Real estate investors aren’t born, they’re made, and among those who are successfully “made,” there are several traits you’ll observe over and over no matter what shape the market is in. So here they are, the eight characteristics of the successful real estate investor. Open-mindedness You don’t become a successful real estate investor by getting […]
5 Things to Know About Closing Costs When Investing in a Pre-Construction Condo
May 2, 2016 / by Andrew la Fleur / Insights
When it comes to closing costs on pre-construction condos, there is a lot of misinformation out there. You may have heard some horror stories of buyers being hit with closing costs of $50,000 in extra costs on final closing, and you start to wonder why are thousands of people buying pre-construction condos every year in […]
Read more
How Much Will My Condo Be Worth in 5 Years?
September 11, 2015 / by Andrew la Fleur / Insights
If you are thinking about investing in a new condo you are probably wondering what is the upside and where will prices be in 5 years from now? How much profit will I make? It is an important question and one I will answer now but it’s a bit of a red herring. So many […]
Read more
3 Reasons to Always Choose a Variable Rate Mortgage When Buying an Investment Property
November 4, 2015 / by Andrew la Fleur / Insights
When it comes to mortgage financing on your investment property, there are considerations that differ for every property and every situation, however there is one debate that is common for every investor: do you go with a fixed or variable mortgage rate? Here are 3 reasons why I always go with a variable mortgage rate […]
Read more
What Every Condo Investor Should Know About Delayed Occupancy
June 6, 2018 / by Andrew la Fleur / Insights
There are many upsides to investing in pre-construction condos—that much should be obvious by now from reading this blog—but one difference from the resale market that can turn into an inconvenience is the uncertainty surrounding occupancy dates with new builds. On the resale market, it’s clear when you’re taking possession of a home. On the […]
Read more
Why investing in condos after the initial launch stage can sometimes result in big profits
March 26, 2018 / by Andrew la Fleur / Insights
Generally speaking, it is best to purchase a unit as early on in the development process as possible. Before going public with sales, builders will first usually offer units to friends and family. Then, they’ll start working with platinum agents—there are about 100 in the GTA, myself included—to continue to move inventory ahead of the […]
Read more
The emotional side of investing in real estate
February 28, 2018 / by Andrew la Fleur / Insights
Condo investment might seem like a cold, hard numbers game—but it’s also an emotional experience with its own unique set of highs and lows. There’s a ton of advice out there about the numbers side of things, less so for the emotional rollercoaster you’re about to hop on. Because of that, I’ve rounded up six […]
Read more
How to get ahead of the competition when investing in pre-construction condos
February 23, 2018 / by Andrew la Fleur / Insights
When investing in the ultra competitive Toronto real estate market, you want whatever advantage you can get. Any slight edge can make a huge difference on your long term return on investment. But with so many investors competing for properties, how do you get ahead of the pack? Here, I’ll show you how to get […]
Read more
4 facts about debt that every investor needs to understand
February 13, 2018 / by Andrew la Fleur / Insights
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The 8 characteristics of the successful real estate investor
February 5, 2018 / by Andrew la Fleur / Insights
Real estate investors aren’t born, they’re made, and among those who are successfully “made,” there are several traits you’ll observe over and over no matter what shape the market is in. So here they are, the eight characteristics of the successful real estate investor. Open-mindedness You don’t become a successful real estate investor by getting […]
Read more