Cap Rates and Condos November 22, 2011 / by Andrew la Fleur / Insights I had a condo buyer email me recently and tell me they were looking to buy a resale condo with a 6-7% cap rate. This would be a somewhat rare but  achievable cap rate if you were buying a multi-unit freehold property in the core of Toronto, however, for a condo, this kind of cap […] Share Facebook Twitter Google+ Pinterest
Sometimes The Best Deals are NOT Advertised March 21, 2011 / by Andrew la Fleur / Insights New condos are launching at a rate of about one per week right now in the downtown core. However, don’t be mistaken in thinking this means solid investment opportunities are coming at a rate of one per week! In fact, there is usually a negative correlation between the number of new condo launches and the […] Share Facebook Twitter Google+ Pinterest
Quality Investments in Pre-Con Becoming an Endangered Species March 10, 2011 / by Andrew la Fleur / Insights Hype-driven marketing seems to be at an all time high in the pre-construction condo market. I am finding it harder and harder to find quality investment opportunities to recommend to my clients. This at a time when a new condo project is launching almost every week. Prices are soaring. Suite sizes are shrinking. Every agent […] Share Facebook Twitter Google+ Pinterest
What is Your Money Doing for the Next 4 Years? November 9, 2010 / by Andrew la Fleur / Insights At the risk of sounding trite, do you work for your money, or does your money work for you? Is your money sitting around collecting dust in a savings account at 1% interest, or worse – going up and down like a yo-yo in the stock market? Have you been thinking and talking about buying […] Share Facebook Twitter Google+ Pinterest
Investor Mentality September 30, 2010 / by Andrew la Fleur / Insights In contrast to yesterday’s post, “Losing Mentality“, I wanted to present to you some observations about the people who are successful condo investors. Those who buy (and sometimes sell) multiple condos over years and understand that condos as a great way to accumulate long term wealth. They are entrepreneurial. Either they run their own businesses, […] Share Facebook Twitter Google+ Pinterest
Losing Mentality September 29, 2010 / by Andrew la Fleur / Insights Buying a pre-construction condo takes guts. It takes vision. It takes money. It’s not for everyone, but for those who understand the game and play it well, the rewards are huge. Those who are fearful, lack vision, and have no access to capital will continue to sit on the sidelines and wait. And wait… Every […] Share Facebook Twitter Google+ Pinterest
DNA3 Looks Like a Winner June 3, 2010 / by Andrew la Fleur / Uncategorized DNA3 is just about ready for launch, but I have been granted VIP access to the project in advance of the wider openings later this month. If you are interested in getting a unit at this project, contact me right away for your best opportunity to buy. Details on the project are now in. Standout […] Share Facebook Twitter Google+ Pinterest
What Ever Happened to Cash Flow? June 1, 2010 / by Andrew la Fleur / Insights Investing in Toronto condos used to be a pretty straightforward proposition: buy a property with as little down as possible then rent it out with the income from the rent covering your mortgage, taxes, maintenance on the property etc. For much of 90s and the first half of the 2000s, this was the way it […] Share Facebook Twitter Google+ Pinterest
Buy to Sell in a Buyer’s Market March 18, 2010 / by Andrew la Fleur / Insights While the title of this post may sound confusing at first, the meaning is simple: whenever you buy a condo, make sure it is a unit that would be easy to sell again in the future – even in a strong buyer’s market. This is advice I always tell my clients, especially investor clients. May […] Share Facebook Twitter Google+ Pinterest
Why No One is Buying Your Assignment January 29, 2010 / by Andrew la Fleur / Insights Around this time last year I predicted 2009 was going to be the year of the assignment. I was wrong. While assignments did begin to take a greater role in the overall Toronto condo market, they still have not gone ‘mainstream’. Quite frankly, this method of buying and selling real estate will probably never go […] Share Facebook Twitter Google+ Pinterest