Season’s Greetings everyone. I would like to wish all my friends and their families a very safe and happy holiday season. We’re on the verge of a new decade so I hope that all your dreams and aspirations come to pass.
This has been another year of high prices and lower cap rates for investment property purchases. Relative low interest rates coupled with a lack of overall supply and a larger buyers pool have continued to make Toronto very much a Sellers’ market. It has become increasing difficult for buyers to get the upper hand and as result cap rates can often slip below 4%.
Next month I will do my yearly wrap-up of income property sales and look forward to what 2020 might have in store for us.
- P.A.
yA friend of mine posted the following letter on Facebook last week. Please give it a quick read:
Read the full article:
Best Landlord Ever
yRead the full article:
New AirBnB rules coming to Toronto
I’d like to welcome all the new readers of this newsletter that we met this past weekend at the 2005 Financial Forum. We had the opportunity to meet many new potential real estate investors at our booth as well as at the three seminars that we conducted over the four days. I have been informed…
Happy New Year everyone! I’d like to personally wish you and your family all the best. May all your hopes and dreams come true in 2012 and may you have a truly fun and memorable year. I look forward to seeing many of you in the upcoming months. I will continue to be your eyes…
Whilst there has been a lot of talk about the Toronto real estate market slowing down, it hasn’t really happened with income properties in the Central core as yet. I expect properties that do not generate sufficient cash flow will not continue to trade as quickly as they have over the past two years. Prudent…
Happy holidays everyone. I hope that you all have a very safe and enjoyable Christmas season. As many of you who follow the Toronto real estate market know, this year has been very much a sellers’ market. It has become very difficult to simply go out and buy a house in downtown Toronto. Our market…
In this issue: Federal Budget 2022 Addresses Housing Concerns, Some Toronto Residents Against Garden Suite Program & Second Suite Bylaw Information
Happy Canada Day. I hope you all enjoy your day off today, and take a moment to reflect on how lucky we are to live in the best city and country in the world. I arrived in Toronto when I was six years old from the UK, and have called Canada my home ever since….