“I think it’s going to go even more sky-high”: Wealth Expo attendees talk about Toronto’s housing market

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Published on: March 21, 2017

On Saturday, the Metro Toronto Convention Centre was packed with people who had heeded the call of all the subway ads: they had each paid between $50 and $2,500 to bask in optimism at the Real Estate Wealth Expo, where the headline speakers included motivational guru Tony Robbins and, oddly, the party rapper Pitbull.

How was this self-selecting group of real estate bulls feeling about their chances in the market, now that even the big banks are signalling nervousness about the possibility of a housing crash? We asked a few of them:

Melanie Balanan

33, children’s entertainer from Richmond Hill

What’s the most useful thing you learned at the expo?
“Don’t take advice from non-doers and keep only positive people around you. I’m going to look into getting a spiritual mediator.”

What’s the future of Toronto’s real estate?
“I think it’s going to go even more sky-high.”

David Abreu

37, entrepreneur and consultant from Oakville

What’s the most useful thing you learned at the expo?
“This is actually my second expo. I was at an expo two years ago when Tony Robbins hosted. What I learned is to believe in yourself. It’s difficult because—and I think Pitbull was saying it best—99 per cent of people don’t understand what’s going on when someone else is doing something right. They want to criticize it and bash it.”

What’s the future of Toronto’s real estate?
“It’s non-stop. The real estate market is insane here.”

Daud Shaikh

18, investor from Burlington

What’s the most useful thing you learned at the expo?
“I learned that every opportunity that you don’t take is an opportunity missed. It’s all about turning opportunities into possibilities.”

What’s the future of Toronto’s real estate?
“I think it’s positive that there are many foreign investors with a lot of capital, so I think the market will continue to exponentially increase.”

Adam Amer

25, retail salesperson from North York

What’s the most useful thing you learned at the expo?
“That personal success is mostly about the mindset that you put yourself into.”

What’s the future of Toronto’s real estate?
“To be honest, I think it’s going to pop sometime in the next year or so. I’m not 100 per cent sure where it’s going to go in the long term.”

Jeremy Porter

44, Shopping Channel employee from Mississauga

What’s the most useful thing you learned at the expo?
“Keep at it. I invested about a year and a half ago in my first property, and it works—so, just keep doing it.”

What’s the future of Toronto’s real estate?
“I personally don’t think there’s going to be any kind of crash. It’ll just level out. I don’t know what the magic number is, but at some point people will just say, ‘Alright, that’s it, that’s all we’re paying.’ Whether it’s $2 million for a house in Toronto, or $2.5 million, it’ll level off and maybe correct a little bit, but I don’t think we’re going to see this big burst. Governments can’t let it happen.”

Lucky Trieu

27, medical equipment distribution specialist from Mississauga

What’s the most useful thing you learned at the expo?
“That investing in real estate and starting your own ventures is really crucial.”

What’s the future of Toronto’s real estate?
“Just from the way it’s going, I think it’s going to rise. I think a lot of people are interested in coming here, especially people from outside Canada, and the market will continue to boom.”

Ryan Gaucher

38, realtor from Whitby

What’s the most useful thing you learned at the expo?
“That I need to take all the experience, tools, and knowledge that I have and actually put it into play, rather than just thinking and contemplating.”

What’s the future of Toronto’s real estate?
“I think over the next little while it’ll still be a hot market, but it’s only a matter of time until things take a turn. Will it be for the worst? I don’t think so. But we are in a bubble, and whatever goes up must come down.”

Stephen Tedford

44, realtor from Whitby

What’s the most useful thing you learned at the expo?
“That you can’t have an ego in this business. You have to just be honest and truthful with your clients.”

What’s the future of Toronto’s real estate?
“I really think a lot of Torontonians will be moving outside of the Toronto area, and I think anyone buying into the Toronto market is going to be more adventurous and be more involved with family. Toronto housing is a big-ticket item now, and people can’t do it alone. They’re going to have to get family and friends to be involved in it.”

Femi Okuribido

33, self-employed, from Bowmanville

What’s the most useful thing you learned at the expo?
“E-commerce, believe it or not. They taught us how Alibaba’s connected to Shopify, and how to do online marketing.”

What’s the future of Toronto’s real estate?
“Seems like it’s going to be doubling, or tripling, hopefully. I don’t think it’s going to be as accessible to people as it was, but there are different avenues you can take to get the funding you need.”

Rania Pilquil

36, foster mom from Hamilton

What’s the most useful thing you learned at the expo?
“That I need to invest.”

What’s the future of Toronto’s real estate?
“It’s growing, and it will continue to grow for a while.”

Michele Macdonald

48, semi-retired, from Hamilton

What’s the most useful thing you learned at the expo?
“How to invest, and why mentorship is so important.”

What’s the future of Toronto’s real estate?
“I still think there’s still potential. You might have to look a little harder, but I think it’s still there.”

Donna Johnston

57, semi-retired, from Binbrook, Ontario

What’s the most useful thing you learned at the expo?
“How to invest wisely, and the value of mentorship.”

What’s the future of Toronto’s real estate?
“I don’t really know much about Toronto’s real estate, but I think it’s growing.”

Sarah Larbi

32, sales professional from Oakville

What’s the most useful thing you learned at the expo?
“There was a session on podcasting. I think it’s going to make me want to get one started.”

What’s the future of Toronto’s real estate?
“In my opinion, it is going to keep going up, but possibly not as quickly as we’ve seen.”

Article source: http://torontolife.com/real-estate/think-going-go-even-sky-high-wealth-expo-attendees-talk-torontos-housing-market/

Rental of the Week: $2,150 per month for a loft near the Ryerson campus

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Published on: March 21, 2017

Address: 155 Dalhousie Street, Unit 940
Neighbourhood: Moss Park
Agent: Meta Vodopivc, Re/Max Performance Realty Inc., Brokerage
Price: $2,150 per month

The place

An unfurnished one-bedroom apartment in the Merchandise Lofts.

The unit is long and narrow. The ladder leaning up against the wall is used to access the top row of kitchen cabinets:

Here’s a closer look at the living area:

The dining area:

And the kitchen:

And here’s the bedroom:

The history

The building is a former Sears warehouse that was converted into lofts nearly 20 years ago. (Fun fact: Deadmau5 used to live here.) The current owners are moving out, and a new owner will take possession in May. He’s looking for a tenant to move in at that time.

Major perk

A pet-friendly building can be hard to find, but this one is okay with furry friends—even large dogs. There’s a dog-walking area on the roof, and there are plenty of human-friendly amenities, too, like a games room, an indoor basketball court and a swimming pool.

Possible deal breaker

The Merchandise Lofts are in the middle of Ryerson University’s campus, so it’s hard for residents to completely escape the occasional noise and disruption of student life. Otherwise, though, the location is ideal: Yonge-Dundas Square is nearby, and there’s a Metro grocery store on the ground floor of the building.

By the numbers

• $2,150 per month (plus hydro)
• 650 square feet
• 1 bedroom
• 1 bathroom
• 1 shared pool

Article source: http://torontolife.com/real-estate/condos/toronto-apartment-for-rent-155-dalhousie-street/

Drake’s massive Bridle Path mansion is shaping up nicely

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Published on: March 21, 2017

Congratulations More Life 🌺 @champagnepapi #designerofluxury #ferrisrafauli #frdesign #frbuild #morelife #6god#drake #luxurylifestyle #mansion #luxury

A post shared by Ferris Rafauli “FR” (@ferrisrafauli) on Mar 18, 2017 at 3:21pm PDT

In this time of ever-escalating real estate prices, it’s nice to see a millennial manage to break into the Toronto housing market. A year ago, when the press learned that Drake (or, at least, a Nova Scotia corporation linked to Drake) would be building a 21,000-square-foot pleasure palace on the Bridle Path, the whole project was just some sketches on paper.

Now, local mansion-whisperer Ferris Rafauli, Drake’s architect, has posted a construction update on his Instagram account, embedded above. The house is still mostly plywood, and there’s no visible hint of the colonnaded pool or basketball court promised in the initial plans. We see the roofline, the perimeter, and the outlines of a few wood-framed interiors. A lot is left to the imagination, but some aerial shots of the site do manage to convey a sense of just how massive this place is going to be, even compared to the ostentatious homes next door.Watch Full Movie Streaming Online and Download

Article source: http://torontolife.com/real-estate/drakes-massive-bridle-path-mansion-shaping-nicely/

Article source: http://torontolife.com/real-estate/drakes-massive-bridle-path-mansion-shaping-nicely/

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