investment property toronto

Should You Buy An Investment Property Under A Corporation or Personal Name?

Should You Buy An Investment Property Under A Corporation or Personal Name?

Should You Buy An Investment Property Under A Corporation or Personal Name?

There are 5 factors to consider when deciding if it is best to buy an investment property under a corporation or personal name.

Is Airbnb short-term rental dead in Toronto?

Is Airbnb short-term rental dead in Toronto?

Is Airbnb, short-term rental dead in Toronto?

Some real estate investors focus on short term rentals. With the recent Local Planning and Appeal Tribunal (LPAT) approving the city of Toronto's regulations regarding short term rentals, does it make sense to focus on this type of real estate investment?

How Many Investment Properties Should You Buy?

How Many Investment Properties Should You Buy?

How many investment properties should you buy in Toronto? I’ll tell you what I discovered after reverse Engineering my goal.

4 Issues with "I Have VIP Access to Pre-Construction Condo Project" Social Media Posts

4 Issues with "I Have VIP Access to Pre-Construction Condo Project" Social Media Posts

I have 4 Issues with "I Have VIP Access to Pre-Construction Condo Project" Social Media Posts.

4 Things I Like About Pre-Construction Condos

4 Things I Like About Pre-Construction Condos

4 Things I Like About Pre-Construction Condos:

1/ Easy downpayment
2/ Ideal for first time home buyers
3/ Smart investing
4/ Diversification

Debating if pre-construction condos or resale condos make more sense for you? I have developed a pre-construction vs resale condo analyzer.

Connect to get your personal analysis: http://nawarnaji.com/contact-us

In 2019, Should You Invest in Pre-Construction or Resale Condos?

In 2019, Should You Invest in Pre-Construction or Resale Condos?

In 2019, should you invest in pre-construction or resale condos?

Ontario Rent Control- Are you excited about the new rent control announcement?

Should real estate investors be excited about the new Ontario Rent Control Announcement?

On November 15, 2018, an announcement was made by the Progressive Conservative government scrapping rent control. So for anything billed after November 15th, there is no more rent control.

Let’s talk about some history. In the past, we had rent control on units that are built prior to 1991. Then there was no rent control on anything else built after 1991. In 2017, the Liberal government came in and said that with the Fair Housing Plan, there will be rent control across the board. So it doesn’t really matter. After ‘91 or before ‘91, rent control is across the board and that was, you know, the end of the day.

Now this new government came in and they said "Okay, no more rent control on anything that’s built after November 15, 2018.”

This is why I think this is bad.

Number One. It’s not going to encourage more supply.

Number Two. They are throwing a bone to the big pension funds, you know, the REITs, to the big developers and quite frankly, if I was a developer or if I was a REIT or a pension fund, I I look at this, I just think this is sustainable, and here’s why.

The last government came in and they said rent control across the board, you know, capped at 2.5%, which I don’t think worked. This government came in and said no rent control, so it’s too extreme. There has to be, I believe, there needs to be a middle solution where it’s sustainable for real estate investors, whether they are small investors or whether they are big, you know, pension funds, and it has to be workable for the tenants.

So having no rent control where a landlord can come in and say, “I’m going to bump your rent by $500.” I don’t think that’s fair.

On the flip side, having rent control capped at 2.5%, it just doesn’t work either because the reality is property taxes go up. You know, heat, hydro, insurance, mortgage rates, way above 2.5%, and it’s not fair for landlords to eat that cost.

There has to be a middle solution where it’s sustainable.

The other thing to consider is when this government is voted out, and we do change governments from left to right and back and forth in the province. In the future, when this government gets voted out and a more left-leaning government comes in, will they come back in and say, “You know what, no. We’re going to have rent control across the board and forget about whatever this current government announced.”

So it’s uncertainty for developers, for pension funds, or companies that are looking to do purpose-built rentals. At the end of the day, I don’t think it’s a big deal. I think it sounds exciting, but it’s not really sustainable, and it’s really a half solution to the problem.