All Forum Posts by: Account Closed

 thanks Chris. this is useful info, but only covers the major cities. i was wondering more about the smaller cities/towns like Guelph, Cambridge, Brantford, St. Catherines, etc. which surround Toronto. i can't really afford anything in toronto right now buy i'm assuming the appreciation wave will continue to spread out from toronto as population rises. 

Hello, based on the liberal parties recent immigration goals, and the fact that most immigrants (around 70%) end up somewhere in Ontario around Toronto, i'm thinking the entire area will continue to boom for the next decade at least. 

what are some towns/cities within 3-4 hours of Toronto with decent rent to purchase price ratio (gross monthly rent > 1% of purchase price) that are also poised for more growth? is it even possible to find such a deal? i'm also investing remotely, from Quebec so it should be relatively turnkey. thanks

 thanks. actually, i was looking at some prefabs like here:

https://www.maisonlaprise.com/...

would i need a GC to build this? 

Hello, i was wondering if you typically save money by buying a vacant residential lot, and then paying to put a house on it, vs buying a similar-valued property and a similar-sized lot together? do you save money by buying the lot separately and the putting the house on it?  thanks

thanks, yes this is what i figured, the lion's share of immigration is to ontario and the GTA, rest is spread somewhat equally between BC, alberta, and QC.

i'm currently based in quebec and working full time, i'm thinking the easiest thing may just be to buy some ontario-based REITs at this point...would be difficult to actually buy physical property in those areas (waterloo, golden horseshoe). REITs are currently undervalued somewhat...

Hi, i'm currently considering this property (and others like it)...was just wondering if my numbers make sense:

assuming i close at 1,100,000:

mortgage rate = 1.65% (By the way is this realistic for commercial mortgage)

monthly mortgage payment will be 3,581 (yearly total of 42972

other expenses: 31361 (see pic below)

total expenses: 74333

NOI: 107724 - 74333 = 33391

down payment = 20% of 1,100,000 = 220k 

cash ROI = 33391/220000 = 15.2%

seems like a great deal (15.2% cash ROI), however i'm not super familiar with commercial multifamily, anyone want to give their opinion on my numbers? thanks

these are all new permanent residents. https://www.cicnews.com/2020/1...

2018 was a record year for immigration, the most since 1913 with 321,000 admissions: https://www.canada.ca/en/immig...

this will break the record 3 years in a row, so yes, it is a substantial increase over previous levels. about a 25% increase. 

where do you think these immigrants are most likely to settle? i'm assuming mostly in Ontario, probably Toronto, Ottawa, and west of Toronto? 

Ontario accepts almost as many immigrants as the rest of Canada combined, i wonder if this is what has driven the housing prices in Ontario and GTA over the past decade? it's too bad Quebec doesn't accept more immigrants, we actually accept less than BC and Alberta even though we have almost 2x their population. 

Hello, i have a student rental in Kingston, holding it since 2008. I'm thinking about either selling or refinancing, to get that equity and buy some other properties in less-appreciated areas. 

i know the entire southern ontario market has been on fire for the past decade or so, do you think this is at a peak, and i should sell? or will it keep going up, and i should just refinance and continue to hold for more appreciation/cashflow? thanks,

thanks. yes, its currently zoned as 'green' which i believe is agricultural use (i'll obviously need to do a lot more research)...might change in the future due to its proximity to the city center.