@@TomStoreyoh it’s still on youtube. I meant like something on the podcast app to listen to while you’re doing things, but I suppose you can still do so with youtube. Thx
Unless there is a higher than 5% CAP rate, you might as well buy a GIC. I'm not sure there are many properties in Toronto that actually make sense as investments.
Which specific building in Toronto would you be looking at for a resale condo? You mentioned you would get to this but forgot to include the building. Or didn't mention it because you've run into a bit of trouble before 😅
@tomstorey do you think people buying condos this fall are "cattching a falling knife"? And what is your opinion on condos in Vaughan - you never ended up sharing the name of building!
Yes I bought re sale in 2021. I did not do it for investment but I think by 2030 my condo will be worth 1 or 2 hundred thousand more than what I paid for it.
Real estate is a key component of many Canadian retirement plans. If the real estate market crashes, it could significantly impact people's retirement savings. The government likely aims to avoid this scenario to protect retirees' financial stability.
You have a podcast about Toronto Real estate? What is the name? Or do you have any recommended podcasts about this?
The Tom Storey Show, new episodes every Sunday. youtube.com/@thetomstoreyshow?si=1hgSDd7wreXm2zv2
@@TomStorey It is the best show on UA-cam!
@@TomStoreyoh it’s still on youtube. I meant like something on the podcast app to listen to while you’re doing things, but I suppose you can still do so with youtube. Thx
Its on Apple Podcasts and Spotify also. Just search for it!
Unless there is a higher than 5% CAP rate, you might as well buy a GIC. I'm not sure there are many properties in Toronto that actually make sense as investments.
What about crackhouses? You get cash rents and maybe some crack too.
Thanks! Very valuable knowledge..
Bought 2 resale condos, renting both since 2019 both on subway line. Really hope for payoff
I am a simple man. Tom posts, I watch!
🤝
another reason to avoid pre con is the development taxes and fees that you don't get with resale
I would so buy one right now....
Which specific building in Toronto would you be looking at for a resale condo? You mentioned you would get to this but forgot to include the building. Or didn't mention it because you've run into a bit of trouble before 😅
What area are you looking?
What about assignments? Many are selling at a big loss and almost move in ready.
In most cases, I’d still recommend people by resale. You’re taking on HST implications and many other additional closing cost by buying an assignment.
Hey Tom, just curious to know what your thoughts are on the Marilyn Monroe condos in Mississauga. Since you did post a picture of them lol@TomStorey
@@TejkaranSingh-jy9yq Prices not as low as how high the skirt went up lol yet
@@TejkaranSingh-jy9yq the problem with that building is drugs and maintenance fee
@tomstorey do you think people buying condos this fall are "cattching a falling knife"? And what is your opinion on condos in Vaughan - you never ended up sharing the name of building!
Yes I bought re sale in 2021. I did not do it for investment but I think by 2030 my condo will be worth 1 or 2 hundred thousand more than what I paid for it.
Try double or triple what you paid for it
@tarawang5466 I wish but I doubt that. That would mean my condo would be worth over a million dollars
Interesting. Thanks. toronto
Real estate is a key component of many Canadian retirement plans. If the real estate market crashes, it could significantly impact people's retirement savings. The government likely aims to avoid this scenario to protect retirees' financial stability.
Why do you think Carney has appeared .. to save the banks as usual lol
Your audio sometimes cuts in and out. Not sure if it's cause your mouth moves too far away from the mic or some other reason.
Thanks for letting me know. Will try to make sure it’s fixed for future videos.
Excellent information thankyou!
It’s the only thing u can afford a house is too much $1 million or more. 🤑🤑🤑🤷♂️🤷♂️🤷♂️