Real estate investing.  Topics have changed quite a bit in the last few weeks.

Interest rates have risen, a war broke out, inflation is sky high and the market has shifted.

Does that change real estate being one of the safest long term investments out there? If your answer is no – like ours – you recognize that as long as it’s done correctly, and you have an optimistic view of the next 10 years+ in the GTA, nothing should be stopping you.

So let’s not waste any time and jump right in on Where to Invest in 2022!

Toronto

Our very own city.

Although expensive, Toronto is still an incredible investment for those with capital, those access to capital or those who are willing to hustle and make capital.

It was very recently ranked the #1 fastest city for growth in ALL of North America (including the US).

We have a multitude of tech graduates, and a further multitude of tech companies coming into the city.  PLUS the immigration that you keep hearing about heading to Canada – guess where the majority of those immigrants settle.

TO.

In an effort to fix the very obvious housing crisis, the City of Toronto approved garden suites in Jan 2022.  (There’s a little red tape still surrounding them, but we’re heading in the right direction.) Previously, it was only homes with laneways that could apply for a home built in the backyard, but now, any property that fits the bylaw criteria can build an accessory home.

Councils across the city, in an effort to increase density in the city and add more housing, are more and more in favour of lessening the traditional red tape anyone who dealt with the planning depts were accustomed to.  Hopefully making it easier to push projects to completion than ever before.

Pre Con or Newly Built Town homes in areas within 2.5 hours of the GTA

Many of Abode Realty’s clients decided to “drive to qualify” for their investments.

Cash flow + appreciation + low maintenance. They want to have their cake and eat it too!

Areas within the 2.5 hour rainbow of Toronto (East, North & West) all have boomed tremendously right along with our beautiful city.  PreCon + Newly Built units come at a reduced cost, the further out you drive, with rents staying comparable.

Case in point, one of our clients purchased a modern PreCon town home in London 18 months ago.  Completion is scheduled for this summer.   It has since gone up 54% in value.  Instead of putting down a large downpayment like they thought they may need to – they are considering redeploying it into another PreCon project.  A restructuring of finances that yield a $300k profit.  The town home’s rent will easily cover the mortgage.

Another one of Abode Realty’s clients purchase a PreCon town home in Prince Edward County a year ago and the value has already increased over 20%.  Last month another client purchased in the same development and the increase today is already at 5%.

The advantage to savvy investors is that they get a brand new home with little to no maintenance worries in the near future.  The furnace is new, the roof is new, and Tarion warranty is there as well.  The newly built town homes are more cost efficient than their detached counter parts, in emerging markets and rent fast due to low vacancy rates and high demand for the product!

Due to the overall lack of maintenance required, our clients have chosen not to use a property manager and will manage the property themselves, hiring out contractors over a quick phone call if needed.  Saving themselves a few hundred dollars each month.

Looking to expand your portfolio?

Don’t sweat it, we’re beyond passionate about it, and we’re more than happy to help.

Send us an email and let’s get chatting today!