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Presenter fails to address several key issues related to cash flow that are not properly reflected in the "operating expenses" section of the analysis. Insurance on a house is many times more expensive than condo insurance as condo building insurance is covered by the condo fees. For example, a small house is going to cost you at least $300 a month for liability and damage waiver insurance whereas condo insurance is typically well under $100. So there is a delta right there of $200. A lot of folks think that condo fees make owning a condo more expensive. They don't. Owning a single detached home with structural responsibilities of the roof, the yard and the home infrastructure is far and away more expensive that this presenter's analysis purports. A good rule of thumb for a home's maintenance is 1% of the homes value... or $10,000 a year for a $1 million bungalow. That $10,000 doesn't include your taxes, your utilities, and your insurance. That $1 million bungalow over a 10 year ownership period would average $20,000 a year to maintain and run... all in(maintenance, upkeep, taxes, insurance and utilities) . Some years you have no repairs... other years you have BIG bills. Rents are falling in Toronto and will continue to do so for the next 2 years at least, as new condo inventory coming to market is exploding.... In addition to declining rent revenues, this presenter fails to address: tenant risk, vacancy risk, interest rate risk, damage risk - all of which must be factored into your financial analysis. Never assume 12 months rental income a year... NEVER... Most optimistically - you proforma 11 months rent per year (and 10, if you want a more conservative long term view of your cash flow projections.). IF you get 12 months rent in a year - consider yourself lucky - but don't get complacent with your projections. I see no mention of closing costs either (land transfer, legal and utility set up costs) either. The business model for this realtor is broken and has been for some time. They continue to provide overly optimistic projections - essentially putting lipstick on a pig. There are far better ways to invest your hard earned money.

The comparison is 💯 %. You could have house hack the condo too by renting out the 2nd bedroom.

You are awesome!

But this hasn't been approved in the zoning department yet. Any idea when? Are there additional hearings?

You are awesome

How long is it taking for HST rebate nowadays?

I like your video very much

There is alot that done need to sell of the price is not right

send me the contractor who will do it at this price. This price is BALLS!!

Good! GTFO!

They will shoot right back up. Tariffs will make sure of that.

woow

awesome

Awesome info!

If this was such a great idea, you could have scooped all detached properties in Toronto and split it. This is a scam.

Excellent timing with the video.considering doin I am currently g exactly what the video suggests. I will crunch some numbers and then call for a consult. Thank you.

250 / sqft seems like a very bad way to budget for such a project. Most companies are charging 350 min based on my research in the GTA. Is 250 achievable for the person who has no network in the trades. If yes, can you explain how we can get this.. what should we be requesting in our quote. Thanks!

each unit will require 2 cars . How to provide 6 parking spots .

Will the price of home grow over time. Absolutely not! These type of properties will end up being ghetto house. These are good idea for a year or two but after the conservatives win they will increase supply of condos and no one will be renting these ghetto houses.

Big warning: The HST payable and rebate depend on the market value. If your property’s market value is way higher than what you paid, you might end up having to pay extra, so be careful!

More info here www.elevatepartners.ca/resources/gst-hst-new-residental-rental-rebate-canada/

Big warning: The HST payable and rebate depend on the market value. If your property’s market value is way higher than what you paid, you might end up having to pay extra, so be careful!

They increased the inflation on us through higher property taxes, then say they have to increase the interest rate on us because of higher inflation. You can't make this up, this must be fiction.

Eggsecution

Great video Samantha!

Try our investment calculator here! www.elevatepartners.ca/calculators/total-return-projections/

You always have such amazing content! Fantastic video, thanks for sharing!

Prefab ADUs just became a lot more practical for Toronto’s smaller lots. Has this change made you reconsider adding an ADU to your property?

Wow what an insightful outlook and recap. Well done 👏👏👏

U r awesom

Want to see our top multiplex pick of the week? Check it out here -> www.elevatepartners.ca/best-investment-property-deals-in-toronto/

Great article! Could you clarify something for me? My OKX wallet holds USDT, but the only information I possess is the seed phrase (island blind tennis trap moment element print chair state hobby actress finish). How do I send it to Binance?

U r awesom

easy money. Let's do it :)

Newcomers lol economic migrants from the third world

Can you tell me how much amount will be required

I doubt it costs only 1mill to do all that

How to convert a typical semi into 3 units ?

Don’t forget to account for all the city fines, from the bylaw infractions by the tenants. Cramming that many people on a single lot will result in too much garbage, too many cars, unkept lawn and frequent domestic disturbances between tenants. Anyone who has seen homes converted to house multiple tenants can attest to this. And $15K a month is easy to project… but might be impossible to collect once tenants move in. Lots of people are exploiting the Landlord & Tenant Act and simply stop paying because they know there are no consequences. Being a small landlord in Toronto is as risky as playing Russian Roulette.

No thanks, one problematic tenant is enough, now you have to deal with two ticking time bombs. I'll keep my money in stocks and ETFs and sleep better at night.

Cracks me up..CANADUH, targets/entices foreign workers, because those workers dream of a better life..only to make things bot so grand(for them) NOBODY WANTS, to live in CANADUH #trudeau

Owner with an income of 200k a year living in the basement unit. While the top floor unemployed renters that smokes weed and drinks everyday lives rent free for a year until they get a LTB order. Easier money to be made in GICs

Who wants to deal with all the bad renters? This is a big sales sucker pitch.

Don’t just look at the gains - watch this video to understand the risks too. th-cam.com/video/B1m00ARANwc/w-d-xo.html

Great video. Do this rebate apply if I don't have full time rental. I am renting on Airbb and VRBO.

Yep, the market will be flooded with unsold condos and rent will be dirt cheap in 2025.

You are awesome, do you know that!

Grab our 2025 Multiplex Guide for all the insights you need! Download it here -> www.elevatepartners.ca/resources/toronto-real-estate-investment-guide/

Real estate bs