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 With Toronto’s market being as hot as it is right now, we really feel that there is no wrong way to invest at the moment. Based on your personal preference, whether it be Toronto condo investment or real estate in the suburbs, there are pros and cons to both. The good news is that there are more cons than pros in either direction.

Obviously finding the best bang for your buck is number one on the list of musts when looking for property, and finding the lowest price is a lot easier with a VIP agent on your side. VIP agents have first dibs on the hottest pre-construction condos/ townhomes and houses the market has to offer.

So what is it that you’re in the market for? Looking for a home for you and your family? Already have that and are now looking for investment opportunities in either condos or suburb housing? Not sure which direction to go? Well here’s a few pointers.

Return on investment is usually the first and foremost when it comes to decision making on properties. Weighing the amount that you will need to invest in a property versus what you will get in return from it, is very important. As history has it, houses tend to appreciate faster than condos, making that a legitimate choice for getting a quicker ROI. On the other hand, the rental market for condos is at an all time low for vacancies; so investing in one or a few condos or houses in the Toronto area could prove to generate quick income by holding onto and renting your properties out.

In either case, there are some cons, such as little flexibility with condos due to the Residential Tenancies Act. And on the other hand, housing properties are subject to larger expenses such as AC repair or replacing roofs.

Whatever you are debating with on the choice of house or condo, the best advice is to contact your agent who can help you decide on the best possible choice for smart real estate investment.

 

Buying a pre construction condo is not as easy as you think

You’re shown a set of plans, you love them, you can’t wait to write a check, and you’re so stoked that you will be the owner of a spacious, new pre construction condo in a great location that you’ve somehow overlooked potential set-backs.

Such as the completion date being delayed, sometimes even multiple times. This can be a doozy on your wallet and your psyche. There have been some reported cases of new condo development completion dates being delayed as much as 2 years. And in some scenarios, you’re paying fees on your pre-construction condo before you’ve even moved in, and those fees may not even apply to your mortgage.

My goal at as your go-to for condo hunting is to help you find the best pre construction unit for you and your needs without the hassle of playing the guessing game with your move in date. Sure, there can be set backs to buying pre-constructed condos, but the list of pros are far greater than the list of cons. Pre constructed condo investments can be a great opportunity to get exactly what you want out of your buying experience, meaning you won’t have to go on a wild goose chase searching for the perfect existing unit.

As a Toronto condo expert, I wish you success with your condo choosing experience, and would be honored to take part in your decision process.

 

 

The question is, why wouldn’t you? Your hard earned money is in this project, and it deserves most if not all of your attention, and treating it like a business is the way to a successful condo investment, and potentially many more.

When you invest in Toronto condos or Toronto apartments, you can’t go wrong. The price to location comparison is right on point. To invest in Toronto condos is to be on the right path. The area is becoming a booming place to re-locate to build a career or raise a family.

To heed ROI when investing in condos and other properties, you must learn how the market works. Treating your investments like a business is very important in the world of investing. A good place to start acquiring the knowledge of being a pro at purchasing cash flow condos, is to pick the brain of someone who’s been doing it a while. Ask them questions like how they got started, what their specs were when looking for the ideal property, knowing when a condo is a good investment.

Most importantly, always crunch the numbers! This would also be a good conversation with your new found mentor or, even better, your agent. They will know about those extra fees that you might not have thought about, and in order for your venture to work, it would be wise to know ALL possible fees that you’ll have to budget for.

Toronto living is a pleasure that comes with great diversity due to its large population of about 2.7 million people. The Greater Toronto Area, also known as the GTA, is a goldmine of pre-constructed and fully developed condominiums. If you’re in the market for a pre-constructed condo, you’ve come to the right realtor. As an Investor in pre-construction condominiums business and VIP real estate agent for many GTA well known developers, my goal is to help you find the perfect place to lay your head.

With Toronto’s ever increasing population, it comes as no surprise that a large majority of the travelers to Toronto are young professionals seeking to invest in real estate and their futures, as Toronto residents. Many young professionals are keen on time well spent on their budding careers, this creates a desire for close-to-job markets and to spend less time fixing up a home and more time on their professions. Mowing the lawn or dealing with a leaky roof are not tasks they’d like to see on their lists. Typically costs for leaky roofs or repairing structures within a condominium building, is done so with the fees assessed by the management company. Costs are shared with other residents, and the benefit of having a management company, is that someone else handles the maintenance and upkeep of the building; leaving more time for young professionals to focus on their careers.

It is very common for condos to be more cost efficient than buying a home, and usually, with the right realtor, you can pick up a great deal on an equity building condo. Toronto’s life comes alive year-round with a diverse collection of festivals, vibrant nightlife and leisure options, and with so much to do everywhere you go, we can see why the amenities of owning a condo in the hub of such a great city, is a popular choice. The condo living lifestyle in Toronto is an excellent decision for those looking for a place to grow professionally.

 

Many people will buy single family homes and raise their children in them, in hopes of one day being debt free from “paying off the house”. This is all well and good, but when it comes to risk versus long-term rewards, we say take the risk!

There are three options when taking the risk to invest in real estate:

Option 1: Buy a property, or properties, at the best deal possible that are fixer-uppers, work your revitalization magic on them, and rent them out to worthy tenants. This will generate a monthly cash flow, which is the money left over once all expenses on the properties have been paid. For example, if rent paid from your tenant is $3000, and expenses are $2000, your monthly cash flow from that property will be $1000. If you own multiple properties, let’s say 5, you’ve made about $5000 for the month.

As you may have read in previous posts, investing in a condo has its extreme benefits. The costs and time involved in upkeep are very low, making them prime real estate for young professionals on the up-and-up. But what about location? Location is, in fact, one of the most important judging factors in a condo investment opportunity. If Toronto is not on your top 5 list of a potential condo buying city, here’s why it should be:

Nearby commercial offices:
The Greater Toronto Area, otherwise known as the GTA, is vastly becoming a mecca for the business start-up movement. This city has an incredible array of choices when it comes to office and work space. Websites such as eoffice.net have a slew of listings of available space for rent for professionals in the start-up industry, work spaces for artists or co-work spaces at affordable prices. Also, getting back and forth from your new condo to your new work space is made super easy thanks to Toronto’s plethora of transportation options. Which brings us to…

The transit system nearest you:
Toronto’s transit system is known for being highly accessible. From subways, to buses, to streetcars, you’re not falling short when it comes to work or leisure commute. The subway systems run 6 am to 1:30 am weekdays and Saturdays, and 8 am to 1:30 am on Sundays. If that wasn’t enough, their bus line is equipped with over 100 running bus lines every day. For your convenience, the Toronto Transit Commission has made their website easily navigable with service alerts and subway maps. They’ve also made daily, weekly and monthly passes available to those always on the go.

Other perks:
As if all of that wasn’t enough, if you have young ones on their way to college, Toronto University is one of the top schools in the country for technology, which is an ever-growing field. Renting out your new condo could also be a very lucrative move. All of GTA’s stellar amenities make for consistent rental opportunities for condo owners.