The Downtown Relief Line has been talked about for decades, but now it is inching closer to reality. The east side of the city has always lagged behind the west side from a real estate development standpoint, but all that is about to change. Here are the top-5 projects to invest in now on the proposed Downtown Relief Line.
Andrew la Fleur, Founder of TrueCondos.com, is featured on Breakfast Television to talk about why now is the time to invest in and buy a condo in Toronto and the GTA.
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.
Urbanation just released their “UrbanRental Report” for the second quarter of 2016. The big news is that rentals are actually down 10% this quarter, the first time rentals have dropped since they began tracking the market in 2011. Should condo investors be worried? Find out on this episode.
If you are thinking about investing in a property with a family or friend, there are certain benefits that can make it an attractive way to build your real estate portfolio. However, there are potential pitfalls too, and some mistakes that I see investors making time and time again. Here are the top three mistakes to avoid when investing in real estate with friends or family.
New Condo Sales Q1 2016
A near record quarter at 5,621 sales.
Resale Condo Sales Q1 2016
First quarter sales were up 22% year-over-year, rising from 4,065 in Q1-2015 to 4,941 units in Q1-2016, the highest first quarter total on record.
The volume of condos leased through the MLS system grew 25% year-over-year to a Q1 record of 6,163 units
Index Rental Prices
Rental rates in the GTA have increased by 4.5% year over year in Q1 2016.
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“He really showed me the picture.. like the WHOLE picture. We called and emailed him every day and night and he was always there.”
“He really knew his numbers, details, the downtown core, the builders, and their past projects. You just don’t have to worry.”
“Thank you for helping me get my real estate investing off the ground. I’m really happy with my condos so far and I’m excited about continuing to build my portfolio slowly over time.”