How TTC & GO Transit Enhance Property Values – Episode #172

One of the most important factors that impact real estate values is access to transportation.

The Real Estate Investment Network (REIN) has conducted a study called “The 800 Metre Effect” where they show proof that transit protects property values.  They say that “as population increases and a new demographic enters the housing market, there is a growing interest in development around transit nodes…in a recently published research in the US for example, residential properties maintained their values during the latest recession, whereas other properties plummeted in value.”

Ensuring you find the right location is key.  In this video we stand near the Danforth Subway Line which is close to the Toronto Beaches, East York, and Leslieville.  As REIN puts it, “property owners see the multi-faceted benefits of purchasing in these locations for themselves or their tenants because it provides them increased access to jobs, a decrease in commuting costs, increased values and rents, and a higher quality of life as measured by connectedness and community.  The properties also demonstrate resiliency during economic downturns.  Residential properties generally benefit from being at least 50 metres away from a station but within walking distance (which is generally characterized as 800 metres or 1/2 mile.”

Perhaps this will make you think differently next time you search for a property.  Contact me to discuss what areas around the Danforth have shown strong property values and what areas are now starting to pick up…hence the opportunity to get in before prices rise.

Common Methods to Buying Real Estate in the U.S. – Episode #141

With all the new hype about buying in the U.S. I thought I would offer you guys some tips on buying properties in the U.S. from an Accounting/Tax stand point.

In this video, I interview Jordan Weinberg who is a Chartered Accountant and we discuss the most common methods to buying real estate in the U.S.. There are 3 common methods:

1. Individual person buying property
2. Group of people buying property together
3. Corporation buying property

If you have any questions about these methods or any other tax related questions, please feel free to contact Jordan at 416-515-3857 or through email at Jordan.Weinberg@mnp.ca

Walking The Streets of Downtown Buffalo – Episode #114

For most of you this may seem obvious, but for some of you it may be a wake up call. Before you invest in a specific area, it is not enough to just do your research on the internet and/or reading books. You need to walk the streets in all hours of the day throughout the week. It is so important to do this because you will get to see every aspect of the area and the people that hang out there. This will provide you with a different and REAL perspective on the area.

I went to Buffalo the other day and was in the heart of downtown during rush hour. I was really surprised at what I saw and I would not have been able to experience this by reading some book or researching Buffalo on the internet.

Investing in Vegas…And other dumb things to do now – Episode #13

What are some of the dumbs things you can do right now?

1. Buying investment properties that DO NOT cash flow positively. People buy with the hope that their house value will increase forever and unfortunately that is not the case.
2. Buying Pre-Construction Condos hoping that when it gets built that they can flip it and make a profit. Again that is very speculative and prices do not always go up. Are you really getting such a “great” deal? Are those “pre-construction” values really below market value? Are you playing the guessing game for what might happen in 1-2 years from now?
3. Buying in the United States because it is so CHEAP! People I know bought houses in Detroit for $5000. Is this a good idea? What about Vegas? No matter what you do always do your due diligence first…

There is a big difference between investing and speculating. It’s your choice as to how much risk you want to get involved it.