Modern house

RAHB realtors release April 2022 market statistics

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,298 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2022.

  • Sales were down by 20.7% month over month, and down by 31.3% compared to April 2021.
  • There were 2,451 new listings in April, which was down 3.6% month over month, and compared to April 2021, there was a decrease of 7%.
  • The average sale price for residential properties across the RAHB market area was $1,013,081, which was down 5.6% over the previous month, and up 18.2% compared to April 2021.
  • The inventory of listings increased to 1.2 months of inventory in April compared to 0.7 months in March. READ MORE >>

RAHB REALTORS® RELEASE APRIL 2022 MARKET STATISTICS

Blackstone keeps focus on Canada: To open Toronto office

Don Wilcox, May 9, 2022

As Blackstone continues to increase its investments in Canada, the world’s largest real estate owner and operator has announced it will open an office in Toronto and appointed Janice Lin to head its real estate operations in the country.

The New York-based global investor says its current portfolio in Canada comprises about $14 billion in assets (all figures Cdn), or 429 properties, with about 75 per cent of that value in the logistics sector. READ MORE >>

Japanese Lucky Coin Cat

Super rich individuals are private equity’s growing LP base

By Jessica Mathews, May 4, 2022

It’s been happening for over a decade. Rather than settle on endowments or pension funds, the biggest private equity firms are also looking to a new cohort—the world’s richest people—as a source of capital.

In 2018, a Blackstone Group executive famously predicted that retail investors would make up some 50% of the firm’s assets under management in five to 10 years. READ MORE >>

Skygauge Robotics drone

Innovative Drone Startup Lands In Hamilton

A company that specializes in developing drones for performing industrial inspections with greater safety is coming to the former Spectator Building that is now part of the McMaster Innovation Park.

Skygauge Robotics is a Hamilton-based drone startup developing drones for industrial work applications. Skygauge was co-founded in 2016 by CEO Nikita Iliushkin, Chief Designer and inventor Linar Ismagilov, and CTO Maksym Korol. The company’s vision is to create a workforce in the sky. READ MORE >>

Brantford industrial land

Panattoni buys 423 acres of Brantford industrial land for $290M

In a purchase that single-handedly surpasses many quarters of investment activity in the Hamilton region, Panattoni Development Co. Canada has acquired a 423-acre tract of Brantford industrial development land for $290 million.

The land is bisected by Oak Park Road and bordered on the north by Powerline Road and on the south by Highway 403. The vendor was James Dick Ltd., which acquired the land out of bankruptcy several years ago and shepherded it through the zoning process. READ MORE >>

Podcast: Is industrial real estate investment risky?

Podcast: Is industrial real estate investment risky?

Podcast: The Industrial Real Estate Show with Chad Griffiths

U.S.-based investor, broker and trainer Gary Wilson joins host Chad Griffiths to take a critical look at industrial real estate investing. Among their topics will be:

– why industrial real estate is risky;

– four main attributes of an industrial building; and

– characteristics of a successful industrial park. READ MORE >>

Dream Industrial REIT logo

Dream Industrial forms $1.5B Toronto, Golden Horseshoe JV

Dream Industrial Real Estate Investment Trust (DIR-UN-T) and Dream Unlimited Corp. (DRM-T) have formed a $1.5-billion develop-to-hold joint venture with a “leading global sovereign wealth fund” to buy development properties and build industrial facilities in the Greater Golden Horseshoe Area.

The strategy is to acquire $500 million worth of development sites and then build what the Dream partners call “high-quality, best-in-class industrial assets.” They will then continue to own the properties after stabilization. READ MORE >>

Luxury home in Hamilton, Ontario

April listings: Hamilton’s most and least expensive homes on the market

This month price tags varied from the low end of $399,000 to $3,999,999

Crowe Valley Campground

Now You Can Enter the Real Estate Market With Just $500, Thanks to BuyProperly

“BuyProperly provides you with the benefits of investing in cities with huge capital appreciation — without bearing the brunt of high real estate costs,” says BuyProperly CEO Khushboo Jha. “Our mission is to enable investors like you to grow your wealth through alternate asset classes.”

With BuyProperly, you can enter the real estate market for just $500. As BuyProperly’s first commercial real estate partner, Forge & Foster will waive BuyProperly’s annual management fee. Use the promo code BEGIN@500 at BuyProperly.ca to get started.

What is BuyProperly?

Founded in Toronto in 2019, BuyProperly is a fractional real estate investing platform that lets you enter the real estate market through a quick and easy online transaction.

Through BuyProperly.ca, you can go online and complete a fractional real estate investment with expected returns of 20 to 40% in less than 7 minutes.

“There’s only one objective: to give the customer’s options to invest in good deals. That’s it,” Khushboo told Bay Street Bull.

“There’s only one objective: to give the customer’s options to invest in good deals.”

— Khushboo Jha
BuyProperly CEO

BuyProperly grows your wealth by identifying high yield properties with a cutting-edge proprietary AI model.

You’ll earn passive rental income alongside your long-term investments. When a property is sold, your investment principal is paid back to you, plus appreciation.

How does it work?

BuyProperly’s selection process has three stages:

  1. First, using an AI model that looks at 20 years of MLS data, BuyProperly finds assets listed for less than their fair market value. This is determined through 500 million data points, including information on nearby schools, banks, neighbourhood shops, local demographics and economic data.
  2. Next, BuyProperly’s investment committee reviews actual, up-to-date numbers and data to detect red flags not captured in the initial evaluation.
  3. Then, BuyProperly undertakes an in-person inspection. Only 1% of properties reviewed pass BuyProperly’s rigorous evaluation and appear on the BuyProplerly website for you to invest in.

BuyProperly rents the fractionally-owned properties to high-quality, AAA tenants, earning you passive income alongside your long-term investments. In a few simple steps, you can open up a free account and start investing!

The Switchyards, Niagara Falls
Properties like The Switchyard in Niagara Falls, Ontario — which you can invest in on BuyProperly — offer tremendous upside potential through redevelopment.

What Are BuyProperly’s Main Benefits?

    • No need to qualify for a mortgage
    • No downpayment required
    • None of the pain of managing a property or being a landlord
    • No closing costs
    • No need to find tenants or maintain the property
    • You’ll get a share of rent and gains on the property when it’s sold

Properties like The Switchyard, which is located at 4256 Carroll Avenue and 5900 Thorold Stone Road in Niagara Falls, Ontario, offer tremendous upside potential through redevelopment. And BuyProperly offers you an opportunity to invest in it.

These 92,800 square foot, multi-tenanted industrial buildings are situated on 3.8 acres.

The property’s “General Industrial” designation allows for a variety of uses, such as:

  • cold storage facilities
  • laboratories
  • warehouse space
  • offices

It’s in a great area with residential neighbourhoods to the west and north. Old downtown and Queen Street are a five-minute drive away, and the Clifton Hill tourist area is a nine-minute drive.

What are the experts saying?

“I’ve had the fortunate opportunity to be a part of BuyProperly and Khushboo’s journey since the beginning,” Saurabh Dutta, Partner at Nurture Ventures, said in a statement. “The market need for fractional real estate investing is clear through the customer growth BuyProperly has seen in only a short amount of time.”

“Khushboo and her team created the new hidden gem of real estate investing,” Margaux Perrin said on Bay Street Estate Bull.

“Khushboo and her team created the new hidden gem of real estate investing.”

Margaux Perrin, Bay Street Bull

Here’s How to Join BuyProperly and Enter the Real Estate Market for $500

It’s quick and easy for you to create an account at BuyProperly.ca. Then, use the promo code Begin@500 at BuyProperly.ca to get started with an investment of just $500.

Are you interested but have a few more questions? The folks at BuyProperly are happy to chat! It’s quick and easy to schedule a call with them. Just book a meeting and choose a time that suits you best!

view from hammock of feet

Here’s How Much Money You Need When You Retire

Surely you have made some plans for your next vacation, listed the locations, browsed the options and estimated the costs but have you considered saving for your retirement?

Most millennials might shrug it off as a stage that will appear in a few decades but that’s why you need to ask yourself a few questions – how much do you need to retire at 50/60 or 70?

How do you know if you are financially ready for retirement and how can you invest for the future without being stingy about your present.

You are not alone, 64% of Canadians think they won’t be able to save enough for their retirement. Yes, it is shocking but there is a cure – plan ahead and start investing your savings as soon as possible!

This article will help you determine how much money you need for retirement in Canada. We will also explain the benefits of investing early. Let’s get started.

How Much Money Do I Need To Retire?

Here are some questions to help you determine the retirement income you need:

  • When do I want to retire? – It’s simple math; the earlier you want to retire, the more you’ll have to save every year.However, things like life expectancy and general retirement age play a vital role in this equation. For instance, you might want to retire early at 50 but the average life expectancy is 75 years. In such a scenario, you will have to save 25 years’ worth of retirement funds.
  • Where do I want to live after retirement? – Whether you dream of spending your retirement by the beach or living in the city also determines how much you need. This is because the expenses needed to maintain the property where you live change according to the location.
  • What will my expenses be? – The general rule of thumb is that you will need 70-100% of your current income to maintain a similar lifestyle post-retirement. However, this can change based on the lifestyle you want to maintain in your retirement days.For example, you might want to slow down and live a simple life. In that case, you would need less than 70-100% of your current income.
  • How much income will I generate? – Perhaps the most critical question to answer is how much money you’ll be able to earn after retiring. Knowing this figure will help you stay prepared and develop a plan that caters to all your desires.

50% of millennials think they need $300,000 or less to retire in comfort. In reality, that figure could be much higher or much lower. The 70 percent replacement rate is a typical rule of thumb to estimate how much money they need for retirement.

Even then, it’s essential to always have more for emergencies and personal requirements because consistent investments of savings can give you the freedom and control to live life exactly how you want.

As per the Canadian Pension Plan(CPP), one of the Canadian citizens’ main retirement income programs, the average Canadian Pension Plan retirement payout person is approximately $8,500.

If you meet the CPP criteria, the maximum monthly payout for CPP that you can expect to earn is $1,203.75, whereas on average, the payout has been $736.58 in 2021.

While the retirement income generated through CPP helps increase your retirement funds, it’s not enough. Thus, it’s essential to plan for retirement without banking on the CPP income and using it as an emergency fund in case things don’t go as you had planned.

If you want a more specific figure based on your particular requirements, you can also consider using a retirement calculator. 

Why You Should Start Investing Early

While the figure might vary based on requirements and circumstances, you cannot rely entirely on your salary to save a substantial amount of money for retirement.

This is because one cannot build wealth merely by earning an income. Instead, to amass a significant amount of money, you need to make money work for you through active and passive investing.

When you start investing early, you can enjoy the following benefits:

  • Compounding – With the help of compounding, you can make your money grow faster as you earn interest on your savings and the interest that you’ve earned.
  • More savings – By investing early, you can develop a habit of saving more and investing your savings.The more you invest, the more returns you’re able to get in the future. Moreover, by developing the habit of saving, you can also learn how to cut down on unnecessary expenses and use those funds for investing.
  • Time value of money – The time value of money increases over a period as investing early leads to compounding returns. At the time of retirement, these early investments can reap huge benefits.
  • Understanding finances early – By investing early, you enter the world of finance at an early age and have more time to learn and improve your investment skills and knowledge.
  • Regular investments and Diversification – You don’t need to look for shortcuts to get rich quickly since you have time on your side.You can follow tried and tested practices such as portfolio diversification and investing regularly to build your wealth over decades.
  • More ability to take risks – When you start early, you don’t have much to lose. Hence, you’re able to make more risky investments, and as the old saying goes, ‘more the risk, more is the reward.’Thus, by taking more risks, you can also increase your chances of earning exponential returns.
  • Supporting your retirement plans – By saving for retirement from a young age and investing early, you also increase your chances of reaching financial stability when you’re young.Early investments will boost your retirement funds, and you’ll be able to lead a happier life post-retirement.

Conclusion

While ‘how much money do I need to retire’ is a simple question, the answer is quite complicated. When it comes to determining how much money is needed for retirement, no one size fits all.

As everyone has different needs and wishes, every retirement is not the same, and hence, it’s vital to plan accordingly.

Many millennials struggle to make sound financial decisions at an early age. If you’re looking to achieve your long-term financial goals to support your financial plans, feel free to contact info@buyproperly.com.

BuyProperly enables millennial investors to build their portfolios with the best real estate investment opportunities in a hassle-free and secure manner.