Here's the low-risk investment that will get you ahead of everyone else!
Do you know the #1 Reason why so many people are investing in 8 Wellesley?
Prime Location? Reputable Developer? Quality Tenants? Price?
All these are very good reasons.
But no. They are not the #1 reason.
It's a very profound reason...
Canada as a whole has a total household net worth of $11.7 trillion dollars.
The top 20% owns 74% of total wealth and half of that wealth is tied up in real estate.
Real estate investments are irresistible to Canadians because they are proven to be low risk and yet very rewarding in the long run.
During the pandemic, the household saving rate shot up from the usual 2% to a historic high of 27.5% because everyone is stuck at home and has nowhere to spend money.
Households have built up a significant amount of savings.
And the historic low interest rate will be here to stay for a while.
So many people have already started investing their savings in real estate. That's why the market has been so stable even during the pandemic.
In fact, the Toronto real estate board just released the latest market report on February 8, 2021. The overall home sales volume in January 2021 is up 52.4% compared to January 2020.
Average prices are up 15.5%.
Well, how about the condo market specifically? Prices dropped around 8% last year and the rental market is still bad.
When prices drop and there are deals on the market. Condo buyers are back.
Condo sales volume in the City of Toronto was up a shocking 85.5% in January 2021 compared to January 2020.
Most condos in the City of Toronto are in downtown Toronto, so that's really strong evidence telling us that the downtown condos have already started coming back.
Condo prices are on the verge of going up again, so it's really the perfect time to get into the market now.
With all the worldwide money printing, you're going to FALL BEHIND if you simply keep cash and don't invest in assets.
A prime central downtown subway location is proven to weather the storms and thrive through good markets.
This is not only true in Toronto, but in all major cities around the world.
The principle of "Location, Location, Location" has not changed throughout all recessions and disasters in history. Why? Because it is human nature to congregate in city centres.
CentreCourt has been building in prime downtown locations since the Great Recession in 2009.
CentreCourt has sold 15 condo towers over the past 10 years. On average, it only takes them 14 days to get each tower 75% sold.
So why am I telling you all that? Investors always make good money with CentreCourt's products, that's why they keep coming back and fight for units at CentreCourt's launches.
By the way, even if the market doubles in the next few years, CentreCourt will still keep the promise to build. So you won't need to worry about project cancellations.
Want doctors to be your tenants? Doctors love to live around Yonge & Wellesley because it is within a 15-minute walk to the Hospital District.
How about high paid professionals who love the high-end Yorkville lifestyle?
International students at the University of Toronto?
You see, you'll have tenant applications flooding in for your selection.
This really stands out as the best location CentreCourt has ever brought to market. The most centrally located, accessible site in the city.
Dan Wong is well known for creating opportunities from every crisis.
He has gone through 3 very different careers, from a computer store owner to a computer hardware design engineer at a tech giant, to a real estate broker. He started each new career from a crisis and he became more successful than ever in each.
So when he started CondoWong Real Estate Inc., Brokerage, he wanted to create a real estate brand that not only survives but thrives through constant changes and uncertain times. And this mission is best accomplished by delivering proven results to our investors consistently.
CondoWong is powered by a full-service in-house team to help you land on a winning investment and take care of it throughout its lifetime, delivering the hands-free and rewarding investment experience that every investor dreamed about.
Every crisis is an opportunity. Changes are happening constantly, don't get too comfortable and don't be afraid of changes. Embrace Change. It's all about how you react in the crisis.
...if you're opportunistic, we actually have that once a decade opportunity to grow our wealth from a recession recover right now.
Why didn't the million job losses crash the housing market?