Archive for the ‘Real Estate’ Category
July 22nd, 2010 | 
Author: The philosophy of buying low and selling high is the primary basis of investment in any form. Thus, for people with the necessary long term investment money, the present financial crisis offers the best time to buy property. Many homeowners have opted for foreclosure and have left banks saddled with not earning assets. The banks will usually sell these properties at low prices to regain, at least part, of the investment money. However, the financial crisis will not last forever. Even if it last 10 years, a well-built house can last for 20 years, which will outlast the crisis. Investors can then buy these houses at the banks selling price and wait out the storm.
A person or family can then be contracted to live in the house a low rent rates,while housing prices are still low with assurances that they will vacate at the owners request and that any maintenance like new fixtures or paint jobs are done by the investor. Assuming a US$240,000 house sold at US$160,000, the house rented out at very low rates to cover maintenance costs, leaves US$80,000 or 50% (US$80,000 / US$160,000) rate of return over the duration of the crisis. A Real Estate Agent can help investors buy them from banks and serve again when the prices are back up. A Toronto Real Estate Agent can perform similar service for Canadian clients.
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Ever since my boss has told that I will be transferred to Toronto, I was actually excited about it! There are so many great things I heard about Toronto! It was full of life and excitement and I just could not wait to try my luck there! Since it was final that I was moving there, what I needed to do first is to find a great condo unit to move into!
However, I never knew how hard it was looking for a condo unit! Toronto Condos can be found all over Toronto, and choosing which one, among all of them, was really hard since all of them are superb! Each condo unit has the perfect combination of luxury, comfort and fine living! But then, years of experience has taught a very great lesson and that is not to leap before I look, so what I did was get a professional opinion from a real estate agent. And luck must have been with me on the day that I found this great site where real estate agents were offering free consultations! And living up to their claims, she helped me narrow down my choices of Toronto Condominiums! She even provided me with every detail that helped me to finally find the perfect condo unit! She was truly an angel! And with her help, I finally have the perfect condo unit!
The annual human growth rate was 74.6 Million in 2009 with the total human population at 6 Billion today. Canada has a population of 33.8 million in 2009. Computing the ratio of Canadian population to the world total provides a figure of 33.8 / 6,000 or 0.56%. Using this ratio to the annual human growth rate of 74.6 million produces a results of 420,250 Canadians per year. Toronto city had a population of 2.5 million out of 33.8 million which produces a ratio of 0.074 or 7.4%. Thus, out of the average 420,250 Canadian per year, at total of about 31,100 per year will live in Toronto. Thus, in 10 years, Toronto will have increased in population for about 300,000. All that people will need to live somewhere. Assuming an average household is 3 people, this would need 100,000 new homes. Assuming an average house is 100 square meters, this results in 10,000,000 square meters or 10 square kilometers of new homes or 1.6% of the size of Toronto City which is 630 square kilometers large.
Thus, the concept of building higher instead building wider can be a good alternative. This, concept is expressed by Toronto Condominiums. Thus, a 1,000 square meter building can provide 10 of the 100 square meter living space per floor and with 20 floors provides a total of 200 homes. At this rate, the 100,000 new homes required will only take up 500,000 square meters instead of 10 million. Thus, investment in Toronto Condos is an investment in the future.