Arlington Hotel

Ontario passes housing bill, Bill 23

Carmen’s Group acquired The Arlington Hotel and Dominion Telegraph Event Centre from The Other Bird.
This week witnessed adequate transaction levels as the year began to wind down.

This week’s largest transaction occurred on Hamilton Mountain, where a sizable 72-unit multi-residential sold for $16.75 million ($232,000/unit).
This price is slightly above market value, and overall it’s great to see a multi-residential transaction take place in Hamilton as it continues to hold the lowest capitalization rates.

Most of the remaining deals occurred in rural areas throughout the region, with the Arlington Hotel and Dominion Telegraph Centre in Paris standing out, selling at $6.2 million.

In the news, Ontario passed Bill 23, Adi Developments settled with a building regulator, and RBC will buy HSBC Canada in a record-breaking domestic banking deal worth $13.5 billion.

News Headlines

Ontario passes housing bill, Bill 23 amid criticism
CBC News, November 28, 2022

Up to $25 million per year in revenue foregone due to Bill 23, says Hamilton
The Hamilton Spectator, December 1, 2022

CEBL team Honey Badgers leaving Hamilton amid upcoming arena renovations
The Hamilton Spectator, November 28, 2022

Carmen’s Group purchase Arlington Hotel and Dominion Telegraph Event Centre
The Hamilton Spectator, November 29, 2022

Adi Developments settles with building regulator over Burlington Condo project
The Hamilton Spectator, November 30, 2022

RBC to buy HSBC Canada for $13.5B – biggest domestic banking deal on record
The Globe & Mail, November 29, 2022

Government land needed to solve shortage of warehouse space
The Globe & Mail, November 29, 2022

Canada wants to welcome 500,000 immigrants per year to 2025 – Can our country keep up
The Globe & Mail, November 26, 2022

Auditor General: Ontario’s real estate regulator is ineffective
The Globe & Mail, November 30, 2022

karma candy building

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. Use the promo code BEGIN@500 at 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, 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!

emerald street drone
Properties like the Karma Candy Building at 356 Emerald St. N. in Hamilton — which you can invest in on BuyProperly — offer tremendous upside potential.

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 Karma Candy Building at 356 Emerald St. N. in Hamilton  — which you can invest in on BuyProperly — offer tremendous upside potential.

The complex is 280,000 sq. ft and comprises industrial and office units. The property also includes 118 and 65 Shaw St. Karma Candy is set to lease back the entire property. 

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 Then, use the promo code Begin@500 at 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!

City of Hamilton

‘Vertical sprawl’ concerns as Province kills Hamilton’s 30-storey height limit

There were very slow volumes this week, as only four sales occurred.

The week marks the slowest point during our current bear market. However, last week witnessed some of the most significant volumes we’ve seen in a while. The last couple of months have seen atypical ebbs and flows in deal volumes.

This week’s largest transaction occurred in Woolwich, where an industrial property traded for $3.4 million ($194/sq. ft).

The week’s remaining deals included two industrial units in Hamilton and a former school in Flamborough.

In the news, the Province has nixed Hamilton‘s 30-storey height limit, Hamilton inaugurated its new city council and mayor, and the Hamilton City Centre Mall will close on December 26 to prepare for development.

News Headlines
Concern over vertical sprawl after province nixes 30-storey height limit
The Hamilton Spectator, November 15, 2022

Who owns the land in Hamilton’s endangered Greenbelt?
The Hamilton Spectator, November 17, 2022

A new era for Hamilton as city council and first woman mayor inaugurated 
CBC News, November 17, 2022

Hamilton City Centre Mall to close on December 26th in preparation for development
CBC News, November 18, 2022

Hamilton immigration census data
The Hamilton Spectator, November 11, 2022

OLT denies developer near Hamilton airport 
The Public Record, November 8, 2022

Hamilton Bulldogs Owner: Being forced to leave FirstOntario Centre during renovations was shocking and unexpected news
CBC News, November 16, 2022

Ontario wants greater grip on regional governance
CBC News, November 16, 2022

Beginning of the end for Canada’s housing market downturn?
RBC Monthly Housing Market Update, November 15, 2022

BMO economist: Housing market correction about halfway done
The Globe and Mail, November 16, 2022

Intelligent Investment: Canadian Cap Rates & Investment Insights Report
CBRE, Q3 2022

356 Emerald

Webinar: Why You Should Invest in the Karma Candy Building

BuyProperly just launched a new property in Hamilton, The Karma Candy Building, and you can invest starting at just $2,500. 

Are you new to BuyProperly? Get started with only $500! Use promo code BEGIN@500.

The webinar features Braydon Kustra, Vice President of Investor Relations at Forge & Foster, and Khushboo Jha, CEO and co-founder of BuyProperly.

In this 30-minute webinar, we will be talking in detail about the ideal location, sophisticated business plan, expected returns, and much more for this real estate investment opportunity.


emerald drone shot

The Karma Candy Building: A Timeless Gem

We’re honoured to carry on the tradition of performance as stewards of this historic building, and we’re excited to invite you to join us as co-owners of The Karma Candy Building through BuyProperly.

American Can Timeline

“No Canadian city offers better facilities for factories than Hamilton with its natural gas, cheap electric power, factory sites, shipping facilities, water and rail, labour conditions, blast furnaces and steel plants,” reported Macleans Magazine in 1911.

That same year, the American Can Company built a sprawling three-storey brick-and-beam factory at Emerald and Shaw, just north of the tracks.

American Can building
The American Can Company Factory at 356 Emerald St. N.

Incorporated in 1901, the American Can Company‘s culture of innovation led them to develop:

      • a method of mass-producing tin cans by replacing hand-soldiered joints with mechanical crimping
      • an enamel lining to protect foods from discolouration
      • a double-tight friction paint can lid to keep remnants from drying out
      • an improved process for vacuum-packing coffee

The American Can Company found such success at the Emerald Street site that they eventually outgrew it and moved production to the former Sawyer-Massey Company factory, north of the railway tracks between Wellington and Victoria.

allan candy company timeline

The Allan Candy Company moved into 356 Emerald in 1961. Allan Vertlieb, who got his start in sweets by making lollipops in his kitchen and selling them out of his house, founded the company here in Hamilton in 1931.

Prior to the move to Emerald Street, the Allan Candy Company had two production plants. The Mary Street operation made chocolate, while the Aldershot location made sweets like lollipops and Halloween kisses.

allan candy co kisses

On June 30, 1962, The National Post reported:

Allan Candy Co., Burlington, has bought the former American Can Co., plant at Shaw and Emerald Sts. New owner will occupy about 50% (about 90,000 sp. ft.) for manufacturing and storage. Remaining space, about 96,000 sp. ft., will be leased to interested parties. About $35,000 ($343,000 in 2022 dollars) will be spent on plant renovationsPurchase price was reported to be $115,000 ($1.1 million in 2022). Some increase in employment is expected.”

The move ushered in a colourful new era on Emerald, one of Big Foots, Hot Lips, Mr. Solid Easter Bunnies, and perhaps most famously, Sour Patch Kids, “the hottest candy sensation of the ’90s”.

Sour Patch Kids

After its acquisition by Cadbury in 1995 and ReichmannHauer in 2007, the Allan Candy Company sold the Emerald St. factory to Karma Candy Inc.

karma candy timeline

karma candy hamilton

Karma Candy has become the largest private label and contract manufacturer of seasonal confectionery products in Canada.

What are seasonal confectionery products? Think chocolate bunnies and candy canesLots of them. In fact, as Canada’s only candy cane manufacturer, Karma Candy can crank out over one million candy canes a day.

CityNews visited Karma Candy Inc. two days before Christmas 2016. 

Karma Candy is a thoroughly modern candy company.

Their environmental stewardship program diverts 85% of operation waste from landfills through an extensive recycling program for all corrugate, foils, plastics, films, food waste, metal and wood. Plus, they continually work with their suppliers to reduce waste.

Their products are not only delicious, they’re also:

    • organic
    • non-GMO
    • vegetarian
    • kosher
    • gluten-free

It’s not the property or the products produced at 356 Emerald that make it special — it’s the people. It’s people like Frank Raso.
From The Times Herald, October 9, 1977:


In this 1984 photo from The Windsor Star, Isabel Carvalho adds candy eyes to a parade of Easter bunnies at Allan Candy Co. Ltd.allan-candy-easter-bunny

forge and foster timeline

Now, through BuyProperly, you can co-own The Karma Candy Building.

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.

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, new investors can enter the real estate market for just $500. Use the promo code BEGIN@500 at to get started. (Experienced BuyProperly investors can buy shares for $2,500.)

The Karma Candy Building complex is 280,000 sq. ft and is comprised of both industrial and office units. The property also includes 118 and 65 Shaw St. Karma Candy is set to leaseback the entire property.

Are you a new investor? Get started with only $500! Use promo code BEGIN@500.


  • 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

Get started now and be part of Hamilton’s sweet history as a co-owner of The Karma Candy Building through BuyProperly. 

karma candy building

The industrial asset class is on the rise

Industrial real estate markets continue to experience strong demand, as evidenced by these recent news reports:

CanFirst acquires $222.6M GTA industrial portfolio

RENX, November 11, 2022
The CanFirst Industrial Realty Fund VII LP has acquired a 13-property, 710,389-square-foot portfolio in Vaughan, Ont. from IG Investment Management for $222.6 million.

“We’re excited to be able to acquire assets in this node in Vaughan,” CanFirst Capital Management executive vice-president Mark Braun told RENX. “It’s always been a challenge to find properties in the area, certainly at a price point that’s competitive or allows us to transact.”

The portfolio encompasses 38.9 acres of land. The deal was brokered by CBRE and attracted interest from several potential purchasers.

The transaction, which closed Monday, represents a price of $313 per square foot.

All of the properties are located within about a kilometre of each other in Vaughan, and CanFirst is interested in acquiring more such locations in the city of approximately 340,000 people located directly north of Toronto. READ MORE >>

Dream, Singapore’s GIC to acquire Summit industrial for $5.9B

RENX, November 7, 2022
Dream Industrial REIT (DIR-UN-T) and Singapore-based investment manager GIC have formed a joint venture to acquire Summit Industrial Income REIT (SMU-UN-T) in an all-cash transaction that values the trust at approximately $5.9 billion. READ MORE >>

Artis sells Minnesota industrial portfolio for $335M

RENX, November 4, 2022
Artis Real Estate Investment Trust has closed the sale of 17 industrial properties in the Twin Cities area of Minnesota for a total of $335 million Cdn.

The properties, together known as the Minnesota Industrial Portfolio I, cover 2.5 million square feet.

After mortgage financing and other closing costs, the profit from the transaction stood at $199.4 million. READ MORE >>

Skyline acquires $309M industrial portfolio in Calgary, Edmonton

RENX, September 12, 2022

Skyline Industrial REIT has completed its largest-ever transaction, entered the City of Edmonton and expanded its holdings in Calgary with the acquisition of a $309.25 million portfolio comprising more than two million square feet of space.

Skyline said the vendor is a “major Canadian pension plan” but did not identify the former owner. READ MORE >>

230 James St N

14-storey residential development proposed for King & Caroline in Hamilton

230 James St. N. in downtown Hamilton has sold.
This week witnessed a good level of transitions for all subject markets.

For the second consecutive week, the largest purchase occurred in Kitchener, where a 58-unit, multi-residential building at 475-477 Lancaster St. W. sold for $16.5 million ($285,000/unit). It’s a slightly high purchase price, but that’s understandable, considering multi-residential is the most robust asset class.

In Hamilton, the most exciting transaction was for 230 James St. N. The downtown mixed-use building was purchased for $2.35 million ($358/sq. ft). This purchase price appears fair: In 2021 and 2022, James St. has witnessed similar buildings trade in the high $300s to low $400s/sq. ft.  

Hamilton’s Design Review Panel has reviewed three proposals, including a 14-storey, 68-unit multi-residential development for the southwest corner of King and Caroline, which is currently the site of a small retail plaza.

The intersection is on the future LRT line and is attracting extensive development:

  1. The northeast corner is the site of the Radio Arts residential development by Canlight.
  2. The southeast corner saw a 30-storey proposal in 2021 by Vrancor Group.
  3. Just one address to the east, McMaster University’s 30-storey graduate residence is under construction.

The GHA Sales Transaction Database offers you this week’s CRE transaction activity.

Ales Manojlovich

News Headlines

Hamilton Design Review Panel: October 2022
215-217 King St W
160 King St E
2900 King St. E.

ArcelorMittal Dofasco’s ‘green steel’ transformation to start in January
The Hamilton Spectator, October 14, 2022

Municipal Benchmarking Study, Greater Toronto Area
Altus Group, September 27, 2022

Canada’s permanent resident application backlog is forcing thousands of skilled workers to quit and return home
The Globe & Mail, October 12, 2022

Would you like to receive these updates in your mailbox each week? Sign up now >>

Business person sitting at laptop

How to Create a Real Estate Investment Business Plan

How to Create a Real Estate Investment Business Plan

Starting a real estate investment business can be a great way to grow your wealth. However, it’s important to have a well-thought-out plan in place before you get started. In this article, we will discuss the steps you need to take to create a successful real estate investment business plan. We’ll talk about setting short-term and long-term goals, as well as how to financially plan for growing your real estate portfolio.

If you’re ready to start investing in real estate, let’s dive in!

Before creating your real estate investment plan, it’s important to know why you’re investing in the first place.

What is your motivation for wanting to invest? Are you getting in the market now to save up for retirement? Are you hoping to become a full-time real estate flipper?

Once you have a good understanding of why you’re doing this, it will be easier to come up with goals, strategies, and action plans that fit with what you want to achieve.

Why create a real estate investment plan?

There are a few key reasons why you should create a real estate investment plan:

  1. To set short-term and long-term goals for your business
    Without having clear goals in place, you may be prone to making impulsive or impractical decisions as you begin your investment journey. Use your goals as a barometer.
  2. To figure out how much money you need to save up for your investments
    Creating a business plan means getting crystal clear on what out-of-pocket expenses to expect as you grow your portfolio.
  3. To develop strategies for finding good deals and growing your portfolio
    Your business plan should have a clear and repeatable strategy you can use to source, acquire, and manage your investments.

Now that we know why a plan is so important, here are the 10 steps you need to follow in order to create a real estate investment business plan.

Step 1: Define your short-term goals

What are your goals for the next 12-24 months? What do you hope to achieve in that time frame? Your short-term goals should be realistic and achievable, and they should help you move closer to your long-term goals.

Here are some ideas to help you get started:

  • When do you want to buy your first property?
  • How much do you need to save up for a down payment?
    (If you think you need tens or hundreds of thousands to get your first investment, check out BuyProperly. They help investors get started for as little as $2,500 using a fractional ownership model.)
  • What sort of returns (if any) are you looking for in your first 12-24 months?
  • What other expenses are you saving up for?

Step 2: Define your long-term goals

Here’s where we get into the fun stuff! Your long-term goals should be even more ambitious than your short-term goals. What do you hope to achieve in the next five, ten, or 20 years? How will your real estate investment business help you reach these goals?

Are you hoping to build a nest egg so you have money for your child’s college tuition? Are you planning on saving up for retirement?

Remember, real estate is a long-term game that works best when you’re prepared to hold onto your properties. When setting financial goals, look at both the potential rental income and appreciation over time to get a better idea of your return.

Step 3: Assess your current financial situation

Before you can start investing in real estate, you need to know where you stand financially. How much money do you have to invest? What is your credit score? How much debt do you currently have? Answer these questions and more in order to get a clear picture of your current financial situation.

Once you know how much money you’re working with, assess whether it’s enough for you to get started (comfortably) in traditional real estate investing.

Make sure you have enough money to cover:

  • The closing costs (lawyer’s fees, surveys, title search, realtors, etc.)
  • One-time repairs
  • Property management fees
  • Utilities, mortgage costs, and taxes
  • Ongoing maintenance and repairs

These expenses can really add up, so be sure to factor them into your financial plan. In fact, it’s often this step that makes many people rethink real estate investing altogether.

When new investors check out BuyProperly, they’re often shocked to learn that traditional real estate isn’t the only way to grow a lucrative portfolio. BuyProperly helps people get started in real estate for a small fraction of the cost of traditional investing.

Are you curious about accredited investing?

Accredited investors have special status and are able to invest directly into:

Find out more — Schedule a call with us today!


Now that you have an idea of what you need to begin investing in real estate, it’s time to build out a solid financial plan.

Investing in real estate can be a great way to grow your wealth, but it’s important to understand how to invest and what to expect before you get started.

Anticipate your monthly expenses
In your area, what are average management costs? What about heat, electricity, and water?

Look at potential rental income
What can you expect for a 1, 2, or 3-bedroom rental in your area?

What monthly net income can you expect?
After all expenses, work out what you expect to receive monthly.

What annual appreciation are you expecting?
Look at your local market to determine these rates.

How will you continue to invest?
Will you be able to leverage your current assets to continue growing your portfolio?


Before you invest in any property, it’s important to do your research and understand the current real estate market conditions.

First, decide on the area you want to invest in. Do you want to stay local or are you open to investing out of your city or province?

Next, take a close look at your chosen area. Are prices rising or falling? What are the current vacancy rates? How much competition is there for properties in your area?

Knowing this information will help you make smarter investment decisions.


There are many different ways to invest in real estate, and each comes with its own set of risks and rewards.

First, do some research and decide which investment strategy is right for you. Maybe you want to buy and hold properties for the long term, or maybe you’re interested in flipping houses for a quick profit.

Next, decide on which type of real estate investment you’d like to start with. Are you looking for single-family dwellings with lower repair and maintenance costs, or multi-family buildings that can yield a higher return but are more expensive to get underway?

Are you hoping to quickly leverage your properties to grow your portfolio, or are you more interested in buying properties that have the potential to appreciate over time?

Having a clear strategy in place before you start investing is the best way to ensure you’ll meet your short and long-term goals.


Even if you’re not raising funds or seeking outside investment, it’s always a good idea to have a business plan in place. This will help you stay organized and keep track of your progress over time. It can also be helpful when applying for loans or other financing.

Now that you know your goals and what you need to do to achieve them, it’s time to put together a real estate investment business plan. This will act as your roadmap for growing your portfolio and achieving success in real estate investing.

Your business plan should include the following:

– A description of your business

– The goals you hope to achieve with real estate investing

– How you plan to finance your investments

– Strategies for finding and evaluating deals

– Plans for managing your properties

– Marketing and sales strategies

– Projected income and expenses

– A risk management plan

Creating a business plan is not easy, but it is essential if you want to be successful in real estate investing. It will help you stay on track and make smart decisions as your business grows. So take the time to create a plan that is tailored to your specific goals and needs.

With a well-constructed business plan, you can confidently move forward with your real estate investment business and achieve the success you desire.


Real estate investing can be a great way to build wealth and create financial security for you and your family. But like any business, it takes planning, hard work, and dedication to succeed.

By following the steps outlined in this article, you can create a real estate investment business plan that will help you reach your goals. Stay focused on your goals, do your research, and take action to make your dreams a reality!

So what are you waiting for? Start planning today and see how real estate investing can change your life.

Learn how BuyProperly helps investors get 10-40% projected annual returns for a fraction of the cost of traditional real estate investing.

How Much Money Do You Need To 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.


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

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

Confederation GO Station

Ford announces construction on new Hamilton GO Station

This week witnessed an excellent level of transactions, with Brantford, in particular, picking up some slack.

Hamilton narrowly avoided a month without a multi-residential sale. On the books for September is the sale of an eight-unit building near Stoney Creek. It traded for close to $300,000 per unit, a high value.

Also in HamiltonSpallacci Homes purchased 5.92 acres of land near Lime Ridge Mall for $3 million. It’s a peculiar purchase as the site appears to be a cemetery.

The largest purchase this week took place in Kitchener. The 401 Group of Companies purchased an 81,000 sq. ft industrial building for $28 million ($344/sq.ft). That’s a high purchase price for an industrial facility, but it also includes approximately 3.5 acres of excess land.

In the news, Doug Ford has announced construction on a new GO Station in Hamilton, twin towers have been proposed in Stoney Creek, and Ontario plans to cut development fees on affordable housing.

The GHA Sales Transaction Database offers you this week’s CRE transaction activity.

News Headlines

Dundas seniors housing demo for 11-storey condo proposed
The Hamilton Spectator, October 3, 2022

Empire’s planning application for Hagersville quarry property explained
The Hamilton Spectator, September 27, 2022

Ontario government investing $90M in skilled trades programs
CBC News, September 26, 2022

Long approval times, high municipal fees adding ‘unnecessary costs’ to new GTA housing: Study 
CBC News, September 27, 2022

Kitchener 8 storey, 166 unit development approved
The Record, September 27, 2022

Amazon fulfilment facility under construction in Cambridge
The Record, September 28, 2022

Toronto’s largest film studio announce major expansion
BlogTO, September 27, 2022

Are you an accredited investor?