That’s what’s happening now with the recent announcements that the Canada Pension Plan (CPP) is investing $2.8B in 2 separate transactions on high-end student housing in the UK.
Dominic Tompa bought his first property when he was just 19 years old and he started his career in real estate in 1984. Today he is Broker of Record for Citylife Realty – Daniels’ in-house sales company.
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.
2nd best year on record.
4975 condos sold in 2014, up from 4595 in 2013.
Record high of 22,703 rentals in 2014 (up 15% over 2013)
Rental rates in the downtown core are up 2.8% in Q4 2014.
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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.”