Real Estate Prices going high next year. 

We expect so.  According to industry magazines.

It is difficult here as well.  We have many flippers looking for opportunities.   It seems we have to find off market listings to not be in competitive bidding in the purchase. 

@Deep Singh

5-6% in Toronto. It's all over the media

I am interested to see how it impacts surrounding markets

Detached overall hasn't seen much movement. Its condos that is getting all the glory

Hi @Hai Loc RE/MAX came up with the outlook 2020 and the number shows that the market is getting hot. I read an article recently on Globe and Mail where it says that because of the bad political situation in Hong Kong, The investors are looking at luxury real estate in Toronto and Suburbans. In one of my open house in Hamilton Central , a Toronto couple showed up and was surprised that the amount they spend in Toronto condos, they can have a detached Victorian Red Brick house in Hamilton. I mentioned that in one of my blog on my website deepsingh.ca

Originally posted by @Deep Singh :

Hi @Hai Loc RE/MAX came up with the outlook 2020 and the number shows that the market is getting hot. I read an article recently on Globe and Mail where it says that because of the bad political situation in Hong Kong, The investors are looking at luxury real estate in Toronto and Suburbans. In one of my open house in Hamilton Central , a Toronto couple showed up and was surprised that the amount they spend in Toronto condos, they can have a detached Victorian Red Brick house in Hamilton. I mentioned that in one of my blog on my website deepsingh.ca

 What's going in Hong Kong is a mess. As you know Hong Kong is prominently condos so lets see if they choose to live in a condos or singles.  

@Hai Loc yes there is trouble in Hong Kong. According to financial Numbers , 30% Canadian PR Holders live or work in Hong Kong. Eventually if they are back in Toronto, They would buying real estate. Condos or Singles is great for business. I am in Hamilton/Niagara area. Lots of Chinese investors buying the Vineyards here. The house prices are great here as compare to Toronto. So lets be positive and wish for lots of business. 

Take care

Originally posted by @Deep Singh :

@Roy Cleeves   Off Market deals always the best. Everyone have their piece of cake. But as you know there are never enough to feed our flippers. This time of the year is tough. I am looking some wholesaler in my area. If anyone can recommend a Wholesaler group , that would be appreciated .

My last post was deleted because I mentioned that I am a wholesaler, even though Deep was specifically asking for wholesalers. Anyways, there are wholesalers in Canada, but there aren't a lot of them (yet) and we don't see many deals coming from them most of the time.

CAP rates in Ottawa are aprox 3-4 %. It's stupid. Can't make anything cash flow. Everything is an expensive equity play.