Blog – Page 2 – Nikki Hessami | Real Estate Investment Toronto

How owning a home is a sound investment

Owning a property is a dream that many people have, especially as they start a family and want to create a home of their own. But a Toronto home is so much more than just a base, while the peace of mind and stability that it offers is very important, there are also significant financial gains to consider that will establish financial security for you and your family.

So, what makes owning a home a sound investment?

It’s a long-term, tangible investment

Compared to buying shares, owning a home is a safer investment decision that offers consistent, and often higher, growth. Unlike shares, it is a tangible asset – and it’s both low-risk and high-return. Owning a property also means that there is always the option to rent your property out, allowing you to generate cash flow while paying off your mortgage.

There is a high demand for rentals

Toronto’s high population growth rate has a direct impact on the housing market because the city’s reputation as a tech and finance hub continues to expand. Toronto is the fastest growing city in North America, and this has led to an increased demand for rental units.

It’s a leveraged investment with a strong track record

Property investment is a significantly lower risk decision compared to investing in the stock market. Stocks could dip if a company has some bad press, while the Toronto property market has shown more consistent, stable growth over the long-term.

Also, when you invest in real estate, you leverage your money as any gains that the property market makes are made on the full value of the asset.

Keep in mind that real estate typically doubles every 10 years. For example, a one million dollar property in 10 years from the day of purchase will likely appreciate to be worth 2 million. That’s 100% ROI over 10 years and one million dollars in profit.

What makes property in Toronto the best choice?

Since 2015 Toronto condos have seen the best gains, averaging an increase of 13% every year. And, if you go further back, the upward trend is consistent, averaging between 5% and 10% over the last decade. This is a good, solid base for projected future growth, making the choice to own a home a sound investment.

To get the best gains, you could consider buying a property that is:

Priced lower than other comparable properties in the same area
Situated in a neighbourhood that is in the process of gentrification, but property prices are still low
Going to appreciate in value due to proposed future projects such as the introduction of a new transit line.

When you’re ready to own your own home, chat to a real estate wealth specialist before you start. Nikki specializes in matching her clients with the ideal property that matches their needs, and helps build generational wealth.

The Right Mindset for Real Estate Investors

Financially astute investors start as early as possible growing a portfolio of assets that will generate returns for years to come, and Toronto property is the investment vehicle of choice for investors looking for tangible assets that offer growth and real returns. Around 40% of Canada’s growth has been related to housing since 2014 driven largely by the growth in Toronto’s real estate market, which has risen by almost 12% year on year between June 2019 and June 2020. This growth, coupled with low-interest rates, allows investors to consistently outperform the market.

Why is the right mindset important for real estate investors?

The right mindset can make a significant difference to your wealth and financial wellbeing, as well as helping you to secure a future and a stable income for your family. We’ve never been more confident of Toronto’s growth trajectory as the city establishes itself as a world-class financial hub while offering its residents an excellent quality of life, and career opportunities.

Do your research

Confidence shouldn’t be based on emotions and feelings alone. You can make informed decisions for a bright financial future when you have access to the right figures, including historic property rental returns, historic market growth, and market projections.

Partner with a real estate wealth strategist

Maximizing your wealth isn’t always a one-person job. As great leaders surround themselves with experts to fast track growth, so building a strong property portfolio can benefit from experts in the field.

Why is it the perfect time to invest?

When you have an understanding of the future financial returns that real estate investment in Toronto offers, it’s hard not to get excited. It’s important to look at the times now as an opportunity to invest.

COVID has proven that Toronto’s real estate market is resilient

Toronto’s real estate market has continued to grow in strength and resilience, despite the effects of COVID. While elsewhere in the world real estate prices have fallen in major city centres, the market in Toronto remains buoyant.

The future looks bright

As Toronto’s real estate market continues to outperform other investments offering a higher rate of growth and return, there is no better time to take the exciting step of purchasing real estate in downtown Toronto.

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Nikki Hessami is a real estate wealth strategist with a background in architecture. She offers her clients unique insights into Toronto property investments backed by years of experience in the industry and meticulous research into Toronto property trends.

Benefits of Living in a Condo in the Harbourfront

Walk Score: 89
Transit Score: 100
Bike Score: 86

The Harbourfront neighbourhood has something for everyone, some of the city’s best art galleries, easy access to lakeside jogging routes and water-based activities, spectacular views of Lake Ontario, near-limitless year-round entertainment, and a host of great dining and sightseeing options.

With so much to do, it’s no surprise that the Harbourfront is one of the fastest-growing areas in Toronto.

Here are the top four benefits of living in a condo in the Harbourfront:

1. The Harbourfront Centre

The Harbourfront Centre occupies a 10-acre site on the shore of Lake Ontario and offers the best in arts programming, events, and cultural food. The site hosts over 4,000 events every year, and it’s known for its restaurants, art galleries, gardens, walks, and community spaces. But it’s not just for the tourists; you’re just as likely to find residents enjoying the world-class cuisine or taking in an event – there’s something for everyone.

It’s also the starting point for exploring the area with regular ferries departing for the Toronto Islands, and it’s home to the Music Garden which was inspired by music written by the composer Bach.

2. Casual Dining and Drinks

Many of the neighbourhood’s dining options are concentrated in the Harbourfront Centre, and most offer amazing views of the lake. From authentic Italian coffee at Lavazza Espression, to Boxcar Social for after-work drinks and Lakeside Local Bar and Grill for casual dining, it’s no wonder that Harbourfront residents don’t ever feel the need to leave the neighbourhood. But, the Harbourfront’s central location in Toronto means that you’re just a short distance from fine dining restaurants in the downtown core, so you’re never short of options.

3. Views and Buildings

Living in the Harbourfront means views and lots of them! Tap into the energy of Miami when you own a condo in one of the buildings here as many have been designed to reflect the characteristics of Lake Ontario. Much careful thought and planning has gone into making the Harbourfront one of the most desirable places to live, and the breathtaking views and beautiful buildings make the most of this.

4. A Strong Community

The downtown Harbourfront neighbourhood stretches along the shore of Lake Ontario is a lively, bustling area with some of the city’s best condos. It also boasts a small-community atmosphere that is not often found in a neighbourhood dominated by condos. The area is quieter in the winter months when residents have the paths and gardens to themselves. Then, in the summer months, the Harbourfront comes to life as residents and visitors enjoy the best that this inner-city suburb has to offer.

5. Convenient Condo Living

The Harbourfront offers the best of condo-living. There are a number of older buildings that have the benefit of bigger floor plans that you won’t find elsewhere in the city. But there are also newer developments that offer the best in luxury fittings and finishes and state-of-the-art facilities.

With lots of green space, incomparable views of Lake Ontario, and access to the city’s top entertainment, culture and dining choices, the Harbourfront is one of the best places to live in Toronto. It’s a place you can happily call home with its wide-open green areas and sea views, yet with all the benefits of inner-city living.

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The Harbourfront lifestyle is difficult to beat with recently added bike paths, the expansion of the 509 streetcar, access to the Martin Goodman Trail, ferries to Toronto Island, and much, much more.

3 Reasons to Get into the Toronto Real Estate Market Right Now

Great things come from owning your property, and we want to empower you to make strategic real estate investment decisions. It’s time to take action and join our growing network of clients who have found the process straightforward as they experience the thrill of owning their own property.

Don’t let anything hold you back from your dreams of becoming a property owner or investor. We have 3 reasons why there has never been a more opportunistic time to get started than now:

1. Take advantage of low-interest rates

If you’re considering taking the plunge and investing in Toronto’s real estate market, the time to act is now. Why? Because interest rates have been at or around record lows for close to ten years, making it more attractive to own rather than rent. Consider the risk of waiting longer – you could easily end up with a higher interest rate, which will make paying off your mortgage more expensive and put unnecessary pressure on your income.

2. Grow your wealth (and cover your mortgage)

Buying a condo in Toronto is an investment, not only will you benefit from the growth of the property, but the high rental prices mean that you can generally cover your mortgage repayments on a monthly basis. This is especially true in Toronto’s booming condo market where vacancy rates are low, and rents are high.

Another way to think of it is enforced saving. It can be difficult to put away money every month into a savings account, but with your mortgage being automatically deducted every month, this discipline is going to help you grow your long-term financial wealth and stability.

3. Make the most of a competitive real estate market

Toronto property markets have seen an uptick in the last few months or the demand has been hot for real estate in the Toronto market and we have seen an increase in sales due to the demand versus the low inventory. And, in some cases, this has even led to bidding wars.

While property markets elsewhere have completely stagnated, demand in the last few months is rapidly catching up to (and overtaking) supply. If you’re a first-time buyer, this is the time to act as conditions are the best that they have been since 2009. The strength of the growth in Toronto’s most prestigious neighbourhoods has given investors confidence that the current Toronto’s real estate market is not a bubble, and many are looking for new opportunities.

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With a number of different factors affecting Toronto’s real estate market, there is a limited-time opportunity to get into the market. Mortgage rates are now being offered at under 2%, the lowest in history, making it advantageous for first-time property owners and investors. There has never been a better time to start building long-term wealth and financial security for your family.

Category: Blog