If we don’t invest in real estate in an era of cheap money, our descendants will never forgive us. And frankly, you won’t forgive yourself either.
Every time my clients buy real estate, they analyze, calculate, and try to avoid overpaying, thinking that prices are at their peak… And every time, a few years later, they slap their foreheads – they should have bought multiple properties instead of just one! They could have earned more than their salary just by holding on to an extra house or condo. As they say in Canada – if you knew the future, you’d be living in Thornhill Woods!
Investing in real estate is different from buying a home for yourself.
- When buying for yourself, you focus on the right neighborhood, proximity to work, a floor plan that suits your family, and good transportation links.
- When investing in real estate, the priority is price appreciation potential. Even in Toronto, there are still undervalued areas where upcoming developments (like a new subway line) will drive prices up.
- Outside of Toronto, some areas offer better investment opportunities. For example, Thornhill Woods and Richmond Hill are no longer as attractive as East Gwillimbury or Milton. If home prices are already sky-high, the area may have hit its growth ceiling.
Today, I want to introduce the Millhouse Condominiums project in Milton, with prices starting from $570K for a 1-bedroom unit, including a locker and parking. If you’d like to see pricing and floor plans, I’d be happy to help.
Milton has one of the highest growth potentials in the GTA. Prices still have room to rise, and they definitely will. Go Train gets you to downtown Toronto in just one hour. And with the shift to remote work, commuting distance is no longer a dealbreaker.
By the way, investing isn’t just about making money. It’s also about securing your children’s future. Buying something pre-construction today means your kids will have real estate at today’s prices in the future – just like an RESP for education.
Where will Milton be in 10-15 years?
- 25 years ago, Richmond Hill was considered a remote village. Today, it’s a prime location in the GTA.
- 15 years ago, Newmarket felt like the end of the world. Now, buying a house under $1M there is almost impossible – prices have caught up with Etobicoke!
- Today, some people see Milton as too far… but what will it look like in 10-15 years?
Want to check price growth statistics for different neighborhoods? Oakville and Richmond Hill aren’t growing as fast as outer suburbs anymore. If you’re interested in investment opportunities tailored to your family and financial situation, don’t hesitate – call me at 416 305 6525. Plenty of options are available in different areas and price ranges!
