TORONTO CONDO INVESTOR BUYS 3 CONDOS l THIS IS WHAT WE BOUGHT
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3 ай бұрынIf you want to chat with me click here 👉👉👉 bit.ly/3Ir55wM
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@imaginethat765 Ай бұрын
There is widespread thinking that BoC will drop rates in ‘24, and I don’t see that happening until ‘25, and even then you will need a full 2 percentage points to drop for housing appreciation to rebound. You can certainly buy now. However, it seems like 2026-27 is your next opportunity.
@MAAJ1987 2 ай бұрын
lol I was considering an offer in that specific unit @ xo condo. It’s ok for rental but not for a family. IMHO, kitchen was tiny, no parking, view was a bit creepy, affordable housing at sight, area looked a bit rough, and they built the condo around an old BMO bank branch from like 100 years ago with graffiti all over it. Not my cup of tea, but great for invest. There were quality concerns with the building too. I think I got a much better deal in north york area :-)
@user-wm5ix5de5j 7 күн бұрын
All things being equal I like the 3rd one the best. Nice layout and view to CN tower. I personally think however that the prices still have more adjustments to come as current owners experience the negative cash outflows each month.
@denesbastos2001 3 ай бұрын
I don’t see how prices will rebound anytime soon as now there will be fewer international students and the government just announced they will reduce even more the temporary immigration that are actually who rent those condos. With rents possibly going down, I don’t see investors buying them anytime soon
@toddygallent7258 3 ай бұрын
I was told almost exactly the same thing you stated to me in 2010. I purchased my condo in 2010 during a difficult financial time in Ontario. No job growth very slow real estate growth. But I paid $100,000 for my condo. As of today my condo's worth 400% more value. My old rental unit has increased by 200%. The lesson here is to take advantage of the real estate market
@denesbastos2001 3 ай бұрын
@@toddygallent7258 Even who bought in 2007 and lost 50% if they didn’t sell they’re doing very well. Just a matter of time. It will go up eventually, even if it stays flat or decrease for the next years or so
@Lifeisapartydresslikeit Ай бұрын
Exactly!! Congrats to you! Please educate the rest of the people on this platform
@denesbastos2001 Ай бұрын
@@toddygallent7258 record low interest rates for too long and record immigration and after a recession, there is no question why it was a great time to buy. Now with record high prices, lower immigration, higher interest rates for longer and possible recession coming, I’m not sure it’ll happen the same way
@Lifeisapartydresslikeit Ай бұрын
Great video!!
@tronguyet6473 3 ай бұрын
We have a lot housing only people don’t have the money
@JudgeyJudgeyable 15 күн бұрын
Absolutely! There's many many housing that are under-utilized because the rich own them
@MrFanstar007 3 ай бұрын
You got me at investors holding properties 10 to 15 years at current economic situation. Those investors have to be the dumbest investors out there. Do they aware of 5 percent return on GIC with positive cash flow are given with no risk at this time?
@demetres_gia 3 ай бұрын
If you want to sell your house to invest in some GIC’s let me know! I know a good agent 😉
@MrFanstar007 3 ай бұрын
@@demetres_gia I don’t do business with agent who don’t know what cap rate or NOI is when it comes to investing in real estate. My advice to you is to stick with your dumb investor clients. Thanks for the offer!!!
@keepitreato 2 ай бұрын
Disagree with the appreciation. We will never see what we saw for the past 10 years again. If they get 15% appreciation total in the next 5 years they will be extremely lucky. Their negative cash flow with rents does not make sense
@adamnarbeaux5898 2 ай бұрын
Says the broke dude…
@keepitreato 2 ай бұрын
@@adamnarbeaux5898 says the guy who had owned over 80 units in his real estate career
@keepitreato 2 ай бұрын
@@adamnarbeaux5898 sure bud. Keep buying Nobu and see who's broke.
@RadPitt 2 ай бұрын
Don't worry, trudeau, selling out our country if he gets back in, he will just let in millions more immigrants. Can't out build India and China
@davidhughes6048 2 ай бұрын
Agreed, there is no law that says you get to make money investing in r/e. If you are buying to live there, great, if you are “investing”, well, good luck with that. Most people under 40 have no experience of rates going up, let alone a serious recession.
@JudgeyJudgeyable 15 күн бұрын
These condos are insanely expensive. Wow
@brendafandangle Ай бұрын
In my humble crystal ball I’d say good time to buy would be Sept 2025-sept 2026. It will go up, 12-15 yes but it will significantly go up. Just my opinion.
@Carolinapetroska 2 ай бұрын
Condos downtown Toronto are not selling....... even after huge discounts do sellers terminate their listings
@Seven.Heavenly.Sins.666 3 ай бұрын
I thought there are not enough housings in Canada? Shame!
@adamnarbeaux5898 2 ай бұрын
Hey! How’s Ika? Hope you guys are doing well. Been investing in Toronto condos for 15 years. Have 2 Nobu units high floors south exposure closing in July.
@keepitreato 2 ай бұрын
You have officially purchased the worst building in the city. People can't give units away for the same price that they bought them. I would do more research prior to buying junk in the future
@adamnarbeaux5898 2 ай бұрын
@@keepitreato wow. Ignorance at its best. Purchased for $820k. Offered $1,010k last week. Your parents must be so proud of you.
@adamnarbeaux5898 2 ай бұрын
@@keepitreato officially the dumbest reply on KZfaq. Congratulations
@keepitreato 2 ай бұрын
@@adamnarbeaux5898 every agent in the city knows your lying but whatever makes you sleep at nite.
@Lifeisapartydresslikeit Ай бұрын
Exactly! These people don’t know what they are talking about! I bought a freehold home for 1 million in 2021 now selling for over 1.6 million and these people on this platform say no way… but I’m living proof! I have no idea where they are getting their information from - more than likely a colouring book?!! They are dreaming… and will lose out if they keep waiting or renting
@stephenfermoyle4578 Ай бұрын
did you and Tom Storey get a deal on the same backdrop and plant? honestly not an ounce of Originality...and you all talk like you know it all..no wonder we are in the state of confusion
@stockey Ай бұрын
Lol, prices are just starting to go down, still more downside to go.
@shanmarg 2 ай бұрын
Your introduction is boring and care stop it
@Rflows100 3 ай бұрын
Appreciation? How delusional
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