YOUR ASSETS that will determine the Quality of Your Future

Some real talk here!

What do you think inflation is right now? Look at the things you buy and the wild fluctuations in prices over the last couple of years. Including the price of houses.

I think it's around 20-30% - call me crazy!

Some call it "Housing crisis" at the moment. Short supply.

In reality it is CONFUSION.

Our population did not double in the last year. What's happening is that sellers are staying put because they are confused about what the next step would be. Buyers on the other hand caught FOMO, fueled by low-interest rates and here we are, outbidding each other like we are running out of houses forever. We are NOT. But inflation is eating a big chunk of our money every year relentlessly and there is no end in sight.

On the condo and pre-construction side.

Builders have been saying for years how the price of new condos is going up year after year because the price of land, labour and materials is going up. It is true! Go to Home Depot and ask them how much a 2x4 was 1 year ago and how much it is now. Double. Or almost double.

The Quality of Your Life in the future is directly connected to the Quality of Your Assets.

Let's unpack this. Real Estate is an asset. It is one of the asset classes that counter-weights inflation best. When the purchasing power of currency, dollars in your pocket goes down, real estate prices go up.

What you can buy with $100 today is more than what you will be able to buy with $100 a year from today. Inflation. It is real.

That is why we can not talk about appreciation without considering inflation. To the untrained eye appreciation is visible, while inflation is invisible, but very real.

Which finally brings me to my point on pre-construction condos.

The most common question I get is: How much do you think this condo will appreciate in the years it will take to be built?

Tell me how much power your money will lose in the same period of time and I might be able to base my answer on that. Or....

Pre-construction condos go up in value for multiple of reasons:

IMMIGRATION - Canada will welcome approximately 400 thousand new residents next year and the years to follow. That number will likely increase because of immigration policy AND the fact that immigrants typically are followed by their close relatives. MOST of the newcomers will come to GTA and Southwestern Ontario.

Supply and Demand - currently we have about 20-30,000 new units on the market every year. The demand is easily for 100,000 or more.

Cost of Labour and Materials - that is self-explanatory (check with Home Depot)

A week ago gas at my corner gas station was $0.99. Today it is $1.26.

What if you can go in and ask for last week's price?

You can with Pre-Construction condos. You are buying into the future. 5 years from now!

Think of it as buying an asset today at prices from 5 years ago with your dollars from 5 years ago.

It is YOUR ASSETS that will determine the Quality of Your Future.

I am ready to help when you are! Just don't wait too long.

Many people I met and talked to 7 years ago are still thinking about it... and now it seems impossible.

Todor