Mitch Taylor
Keri Brownrigg
Jackson Miller
REALTOR®
REALTOR®
REALTOR®
226 314 1600
www.trilliumwest.com
REGISTRATION FOR OUR 2021 PROGRAMS IS NOW OPEN! FIRST TIME HOMEBUYER $
FREEHOLD HOME OR CONDO OWNER? $
Getting burnt out in this wildly active market? Let’s make 2021 your year! No more frustrations, contemplating, another year on the sidelines or just flat out giving up. If you are committed to achieving the dream of homeownership, register today. Learn how we assist our Investor clients in this market, and absorb all the different strategies you can use to buy real estate as a First Time Homebuyer.
STOP! Put down the for sale sign and listen up! Looking to sell your house or condo this year? Do you want to to downsize, upsize, or just want a change of living space? What if you were told you may not need to sell your house or condo in order to make that transition happen? Want to know more about how to buy or rent a second property while keeping your existing one? Register through the applicable website below and The Westside Partners of TrilliumWest will show you the way to turning your next move into a sustainable wealth building transition you may never forget!
Register at: Westside100.ca
Scan QR Code to Register.
Freehold Owner: HoldYourHome.ca Condo Owner: KeepYourCondo.ca
LOCKED IN THAT LOW RATE REFINANCE?
Now, what are you going to do with all that equity you just took out? Fancy new pair of shoes? Shiny new set of wheels? While those “things” all theoretically sound nice and would be a privilege to own, do they help you financially? Instead, what about reinvesting that equity into another real estate asset? Let’s chat about what some real estate investors are doing with their own equity in today’s market.
PARADISE PROPERTY MARKET If you follow along with any news outlet on social media or mainstream media, it is impossible not to hear about the rising prices of detached homes in Guelph, Kitchener-Waterloo, and Cambridge. Since the beginning of the pandemic, a mass-influx of GTA-based buyers has sent Regional home prices soaring through their collective roofs. These rising values have left fortunate property owners experiencing incredible amounts of appreciation. Look at a few examples from these cities; the average detached home in Guelph has seen a $132,000 (22.7%) increase in median sale price from the end of 2019 to the end of 2020. To put this into perspective, if you owned a detached home in Guelph for the past year, you made approximately $2,548 per week just from owning it. Looking at the same time period and median detached home sale prices in Kitchener-Waterloo and Cambridge, homeowners in Cambridge made just over $1,700 per week and those in Kitchener-Waterloo made just under $2,000 per week. Now that I have your attention, let’s talk about action. If you’re an investor or own multiple properties, you’ve just seen a sizable increase in equity available to you on the properties in your portfolio. You might
not want to reinvest all this capital in the current market boom to prevent potential risk of having all your eggs in one basket. Yet, at the same time, you don’t just want to sit on all this capital because you know you’re missing out on putting it to good use. A potential answer? Treating yourself to a permanent vacation home, pulling out equity on your properties and using that to purchase your own paradise in cottage country. That sounds much better than letting it stay dormant within your portfolio. If you’re going to sit on your money, you might as well sit on it from the comfort of your dock on the Muskoka lakes, it’s having your cake and eating it too! When you’re not there, rent it out and let that baby cash flow! The overall vacation property rental market in Ontario continues to exceed expectations and we don’t see that trend slowing down anytime soon. Want to keep chatting about what to do with your real estate equity? Email us at homesplus@westsidepartners.ca
**The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.**
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