Uplands of swan lake . Investment in uncompleted buildings in Toronto. For international buyers, uncompleted flats are undoubtedly the best real estate investment with the smallest risk coefficient, stable income and relatively simple operation.
For local buyers, in the case of high HOUSE, the choice of uncompleted apartment investment is also a relatively safe choice. The housing market has been depressed, and many clients who have invested in uncompleted apartments have expressed concern. By closely tracking transactions in the apartment market, customers expressed cautious optimism.
The truth is: even in the shadow of the recession, apartment prices in the city center are still strong, almost unchanged! The huge demand for apartments still exists, and a steady stream of immigrants and college students support the apartment market. In the hustle and bustle of “strong wind and rain”, some luxury apartments, such as Canada House,33 Yorkvill, have broken through the price of nearly 1500 per foot, and they are sold out immediately. Now the construction sites in the urban area are also one after another, rumbling, showing the most prosperous construction sites in North America and the developers’ strong confidence in the apartment market. In addition, the recent landing of some deep-pocketed new immigrants actively entering the market and increasing overseas investment have also accelerated the recovery of the Toronto housing market. Facts show that the Toronto uncompleted property market has withstood the severe test of the economic crisis.
- The purpose of buying uncompleted apartments is nothing more than waiting for self-occupation or rental after being built, or “speculation in uncompleted flats”. In a broad sense, this is all investment behavior. But the former and the latter are obviously different in investment mode. Buyers are generally first-time buyers, or those who like to live in a new house but are not willing to sublease, or for the convenience of going to work, or enjoy the lifestyle of the apartment, often buy only one unit, mainly considering that they want to live comfortably. On the other hand, the purchasers emphasize the long-term benefits of “renting and raising a house”, mainly taking into account the ease and effort of renting apartments and the return of positive cash flow in the future.
Those who speculate in pre-completed flats are pure investors, emphasizing short-term investment behavior, focusing on “short-term and fast” and “stable and ruthless”. It is best to sell profits before final close, come gently and walk quietly, saying goodbye to the clouds of the western sky, taking away as much profit as possible. People who speculate in uncompleted flats tend to invest in multiple uncompleted apartments.
two。. Can there be a high return on investment in uncompleted apartments? Of course it’s possible. As a world-famous metropolis and international financial and cultural center, Toronto constitutes the largest apartment market in North America, so uncompleted apartments have always been an important investment direction in the Toronto housing market. over the past six years, clients have made considerable returns on their investment in uncompleted apartments.
As the saying goes, “high risk means high return”, and so is real estate investment. To tell you the truth, the return and risk of buying uncompleted flats should be greater than that of buying existing houses. Only when it is sold at a profit can it be regarded as safe. Therefore, people who speculate in uncompleted flats should have better financial resources and risk tolerance, which is similar to investing in stocks or bonds. Of course, the risk can be controlled or avoided: if you buy an apartment in a good location, the risk is relatively small. What is a good location? Demand exceeds supply, preferably near subway lines or prosperous areas, preferably close to universities and business districts; surrounding residents have a higher income; safe; easy to rent, it is better to have positive cash flow; historical records show that value preservation and value-added is good; land resources are extremely scarce, and so on. Buy the real estate of a reliable developer. Look for honest, reliable and experienced real estate agents to guard you. During the 10-day cooling-off period, ask a lawyer who specializes in real estate to read the contract documents and go to the bank as far as possible to get loan pre-approval documents (equivalent to asking the bank to guard you).