Park Place Avenue V.I.P. Sales Event is Here!!! A perfect investment opportunity for All aspiring first time homebuyers looking to get into the market as well as for seasoned real estate veterans. All V.I.P. registrants will receive parking included, free locker, free assignment, development levies capped, low maintenance fees and priced from the $200′s for a 1 bedroom + den suite!!! Register Today for the Park Avenue Place V.I.P. Access.
We are honoured to offer you the opportunity to be among the first purchasers at Solmar Developments new Park Avenue Place Condominium. This condo is the first of several coming to Vaughan Mills Mall and an excellent opportunity for investors to purchase at the ground floor. Park Avenue Place will include a exquisite selection of 1 and 2 bedroom suites ranging from 650 to over 900 square feet. With prices from the high $200′s and steps to all of Vaughan’s fantastic amenities how could you go wrong. Register Today for V.I.P. Access!
We are pleased to announce that we will be hosting an exclusive V.I.P. sales event for Markham’s newest residential development Accolades in Markham. This one of a kind project brought to you by Treasure Hill Homes offers a combination of townhomes, semi’s and singles. The location for the site is at Major Mackenzie Dr. E and Markham Rd in Markham. Priced from the mid $400′s. With under 70 lots available and lots of interest in the community Accolades in Markham is sure to be a fantastic investment opportunity for personal users, first time buyers or savvy investors. Register for next weeks V.I.P. sales event Today!
Be one of the first to own a phenomenal commercial investment at Centro Square by attending this weekends one day only private sales event.
WHEN: Saturday, October 19th from 12:30 – 2:30 pm
WHERE: 7777 Weston Road, Vaughan, On (Sales Centre)
647 – 267 – 1967
Charisma Condos at Vaughan Mills is coming in 2014 to Jane and Rutherford in the City of Vaughan. Don’t wait last minute to get on the list and be the first to purchase at this spectacular new community. Due to our one of a kind relationship with the developer; Greenpark Homes, we are able to offer access to this project prior to the entire platinum broker community, general brokers and public. Register or call today to get on the Charisma Condos Guaranteed First Access List and find out more exclusive information regarding the development.
647 – 267 – 1967
The main reason investors keep paying these high prices is because 95 percent of them acquire properties without doing any financial analysis to determine whether the property will actually produce decent investment returns. Instead, they hope that a property will go up in value, they’ll sell it and make a bundle.
As an example, let’s say an investor buys a $125,000 house by investing cash equity of $40,000 (25 percent down payment plus closing costs and rehabilitation costs) that generates rental income of $1,200 per month. The mortgage plus other operating expenses total $1,015 per month. So the rent less all the expenses leaves $185 of positive monthly income, or $2,220 per year. If we divide this $2,220 annual cash flow by the $40,000 initial cash investment, it calculates to a cash-on-cash return of 5.55 percent — a pretty fair deal on a decent real estate investment.
Only about half of the properties in a general marketplace would generate positive cash flows and a decent, actual return such as 5.55 percent. In actuality, real estate investing is much more complicated than just penciling out your cash-on-cash return, but that analysis is a good start.
And with that nice positive cash flow, you also will get some extra return yield as a result of the amortization of your mortgage. Plus you probably will get some tax benefits and possibly some appreciation in value too.
Cash flow is king, and if you buy positive cash flow properties, you will feel like royalty each month as your bank account balance builds up and you earn wealth over the years!
Take advantage of NewCondoMart’s relationship with Pace and Empire Developments and receive V.I.P. access to view and purchase at Villagio Living in Maple. Villagio offers a collection of 55 Urban Condominium Residences coupled with 8 Townhomes starting from ONLY $199,000. Surround yourself with contemporary finishes and streamlined architecture. At Villagio in Maple, your lifestyle embraces an urban vibe in an uptown setting. It’s not just a community. It’s the attitude of those who always expect more. Enjoy a preview of what is to come of Villagio below:
Nautica is located in the popular and established Oakville community of Lakeshore Woods. Enjoy the exclusivity of one of Canada’s most prosperous towns, featuring fine dining, exquisite boutiques, quality schools, challenging golf courses and of course the waterfront only minutes away. The QEW puts the entire GTA conveniently at your fingertips. Take advantage of this incredible opportunity to live in Oakville from the $500,000′s. Register Today For First Access & Incentives Prior To The Public Release!
By: Andrew J. Mizzoni
With the recent news of Toronto’s housing prices clinching its highest to date in May 2013 (an increase of 5.4%) it has a lot of people wondering how long can this sizzling real estate market last? To help answer this question I would like to shed light on author J. McCullough‘s philosophy in his most famous works titles “Golf in the Year 2000″. Written in 1892, this novel predicts the advancements of golf more than 100 years later in the year 2000. Fascinating enough modern readers would amazed at many of the startling accurate predictions made in the novel which apply to the game of golf today. Applying this same principle to real estate prices, I’ve forecast real estate prices in Toronto in the year 2050, using past statistics. As the famous phrase states “the past repeats itself”.
According to TorontoMLS Historic Statistics nearly 50 years ago in 1967:
The average home price was $24,078
The amount of sales recorded that year was 12,432
The minimum hourly wage in Ontario during was $1.00 / hour.
Fast forward to 2012’s statistics:
The average home price recorded is $497,301
The amount of sales recorded are 85,585
The current minimum hourly wage is $10.25 / hour
If the past were to repeat itself at the same rate of multiplication from 1967 to 2012 the next 45 years from 2012 to 2057 will look something like this:
Average Price of Homes: 20.65 times higher = $10,271,131
Amount of home sales annually: 6.88 times higher = 589,188 sales
Minimum Hourly Wage: 10.25 times higher = $105 / hour
Hopefully these numbers haven’t made you fall off your chair as they may seem outrageous at first glance. but if the past looks anything like the future these figures may not be so ludicrous after all. So, the next time your contemplating a real estate purchase, keep these numbers in mind and things should pan out greatly for you. Studies show that the real estate industry among all industries has produced the largest number of millionaires, and if you play your cards tight you could be the next one!