Matthew Boukall from Altus Group is an expert on the Calgary real estate market and he’s also an investor himself. Hear from someone who lives in Calgary and knows this market better than anyone why there are some very positive signs that the market has bottomed out and now is the time to invest in Calgary.
Understanding Platinum VIP By the time a new condo project’s sales centre opens its doors to the public, the building can be as much as 90% sold already. How does this happen? Condo developers in Toronto generally follow a simple staggered marketing formula for selling their buildings and it goes like this: 1) Friends and […]
Not a very sexy post title I know, but just because you are buying a pre-construction condo in Toronto doesn’t mean that you can avoid the world of traditional mortgages. Normally when you buy a pre-construction condo you have to put down a series of deposits to secure your suite with the developer. How much […]
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
Once upon a time in Toronto real estate, there was a ruleÃƒâ€šÃ‚Â that investors followed religiously – you only buy a pre-construction condo if the price is lower than that of a comparable existing resale condo. If the price wasn’t lower than existing resale condos of similar quality in the immediate area, then it just […]
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 […]
So you just bought a pre-construction condo. Well, you haven’t actually bought anything yet, you’ve just signed the paperwork, dropped off a deposit cheque, and your 10-day cooling off period has begun. You hired a good buyer’s agent to represent you, therefore you already know that it is imperative to have a lawyer review your […]
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 […]