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10 Tips for Your PDI on Your New Condo in Toronto

Now it’s time to do your PDI (pre-delivery inspection). You’ve probably been waiting as long as 4 years for this, and now it’s finally time to take possession of your new home or investment property. Your PDI is your opportunity to see the condo for the very first time and walk through the property with […]

What’s the Best Condo Size to Buy for Investment?

One question that I get asked a lot from condo investors is what is the best condo size to buy for investment?   If you talk to 5 different people you will get 5 different answers.   Is it best to go with the ever-popular 1 bedroom plus a den? This is the most commonly […]

10 Things Every Condo Investor Should Know about Leasebacks

1. What the heck is a leaseback?!

When we are talking about investing in pre-construction condos, a leaseback agreement is when you buy a condo from a developer and the developer agrees to lease the unit back from when once it is completed for a pre-determined rate and for a pre-determined amount of time. The money is not paid in a lump sum at closing like a cash back, rather, it is paid out slowly each month just like a tenant who pays on the first of the month. The actual tenant pays rent to the developer who in turn pays you (the owner). The tenant may be paying an amount that is more or less than the leaseback amount but the owner always receives the leaseback amount guaranteed (even if the unit is vacant!)

2. Why are leaseback offers becoming so popular?

The pre-construction market is driven primarily by investors. The investors only goal is to make money on their investment. There are traditionally 2 ways to do this: through cash flow and through capital appreciation. Cash flow is when you rent out a property for more than it costs you to own the property. Capital appreciation is when you sell the property for more than what you bought it for. There has been a lot of talk about the current prices of Toronto condos not supporting positive cash flow with the traditional 20% investor down payment in place. These leasebacks are an attempt to lure investors by giving them not just positive cash flow, but in many cases, guaranteed positive cash flow for 1 or 2 years (assuming mortgage rates do not rise dramatically in the next few years).

How to Sell Your Condo and Buy a House: MAIN SELLING ROOMS

Selling your condo can be a surprisingly time consuming and emotionally draining task, especially if you’ve never done it before. Having a plan from the start and working with an experienced professional can help you avoid mistakes and get your condo sold quickly and for top-dollar. In this video, I’m going to talk about the […]

How to Sell Your Condo and Buy a House: TOP 5 STAGING TIPS

If you are having trouble viewing this video, go here to see it on Youtube. Selling your condo can be a surprisingly time consuming and emotionally draining task, especially if you’ve never done it before. Having a plan from the start and working with an experienced professional can help you avoid mistakes and get your […]

How to sell your condo and buy a house: ROOFS

If you are having trouble viewing this video, go here. Unless you live on the penthouse level of your condo, the roof of your building is probably something you have never thought about. HOWEVER, when selling your condo and buying a house, you need to know that the roof of your home is one of […]

Introduction to a New Video Series: How to Sell Your Condo and Buy a House

This video is a short introduction to my video series entitled “How to Sell Your Condo and Buy a House”. In this series I give tips and advice for Toronto condo owners who are making the move from a condo to a house. If you are thinking about selling your condo and buying a house […]

How to Sell Your Condo and Buy a House: TOP 5 SHOWING ROADBLOCKS

One mistake that many condo sellers make is having too many showing roadblocks. Showing roadblocks are anything the impedes potential buyers and real estate agents from showing your property. If you want to sell your condo quickly and for top dollar, you need to ensure that you get as many showings as possible, and to […]

How to Sell Your Condo and Buy a House: TOP 5 SELLER MISTAKES

Selling your condo can be a surprisingly time consuming and emotionally draining task, especially if you’ve never done it before. Having a plan from the start and working with an experienced professional can help you avoid mistakes and get your home sold quickly and for top-dollar. In this video, I give you my top-5 most […]

Summer is a Great Time to Buy

Summer can be a great time to be a buyer in the resale market. There are a few months a year where the market cools down long enough to actually create the right conditions for a deal to be had. The first is obvious to most people: December and January when everyone is distracted by […]

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