Kenneth Yim *️⃣
Kenneth Yim *️⃣
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Fixer Upper Secrets: My Pro Tips for Adding Value
In this detailed renovation guide, we explore the transformation of a 2-bedroom house into a spacious 3-bedroom home. Join us as we discuss smart layout adjustments, essential renovation steps, and budget-friendly tips to maximize space and increase property value. Whether you're a homeowner looking to optimize your living space or an investor aiming to enhance property appeal, this video offers practical insights and expert advice for your next renovation project.
Check out the listing for 20 Mosley Street in Leslieville:
www.416houses.com/listing-detail/1145192725/20_Mosley_St-Toronto-ON?source=UA-cam
www.broadviewavenue.ca/listings/20-mosley-street
Schedule a 15-minute appointment to chat with me here:
www.broadviewavenue.ca/appointments
Timestamps:
00:00 Introduction to the House and Renovation Plan
01:25 Drive to the house
01:31 Intro to the house
01:47 Converting two bedrooms to three
03:09 Breaking down the cost
05:09 Kitchen
05:41 Scary basement
06:08 Electrical service upgrade
07:09 Backyard
07:42 East Harbour
08:32 Comparable sales
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Subscribe now to keep updated for more information.
If you want to chat with us, do the following:
1. Send an email at ken+youtube@broadviewavenue.ca; or
2. Send a direct message on my Instagram account below; or
3. Book an appointment for a 15-minute video chat using the link on our website.
If you’re not ready to reach out and just want to follow for more, find us online:
UA-cam: ua-cam.com/users/kennethyimhomes
Instagram: kennethyimhomes
TikTok: www.tiktok.com/@kennethyimhomes
LinkedIn: www.linkedin.com/in/kennethyimhomes
Facebook: BroadviewAvenue
Web: www.broadviewavenue.ca
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Переглядів: 111

Відео

Podcast 76: How are we going to solve the affordability crisis in Toronto?
Переглядів 115День тому
When you have an already densely populated city like Toronto, creating more housing is not an easy thing to do. Constant population growth in Canada (increasing at 3% per year) has caused Toronto, the largest city, to be in an extreme housing crisis. This problem has been brewing steadily for the past two decades already, and likely won't be fixed even if we gave it two more decades to solve it...
Landlords: The good times are over.
Переглядів 2,3 тис.Місяць тому
Everyone is upset at real estate investors. There are people out there that hate real estate investors. They hate that we horde supply and profit off something that should be a fundamental basic human need. I recently received a call from a frustrated individual accusing me of pumping up the market and contributing to the commoditization of homes. So join me as I share my perspective on the hea...
Podcast 74: Toronto's Spring Market Has Not Sprung
Переглядів 237Місяць тому
A massive surge of new listings came on to the Toronto real estate market, yet sales are still flat. Why? Let's explore the latest trends and statistics from April. We discuss the implications of the upcoming interest rate announcement in June, the impact of employment rates on real estate, and the challenges faced by both buyers and sellers in this uncertain market. We will analyze the sales-t...
Podcast 73: How To Afford A Home In Toronto
Переглядів 254Місяць тому
There are lots of complexities in Toronto's real estate market. Let’s discuss the latest trends, market statistics, and strategies for both buyers and sellers. From rising mortgage rates to the increasing inventory that signals a buyer's market, find out how to navigate these challenges and make informed decisions in today's economic landscape. Schedule a 15-minute appointment to chat with me h...
How Can Anyone Afford A Home In Toronto?
Переглядів 365Місяць тому
I'm talking about a nice family home, somewhere safe and convenient, in a good school zone. With the average Toronto detached home selling for over $1.822M in April 2024, how can anyone afford this? For context, an average $1.822M detached home in Toronto, with a 20% down payment (that's $364k cash), you'll still have a mortgage of $1.457M. On a 25 year amortization schedule at 5.29%, the month...
Podcast 72: My Take On The New Capital Gains Inclusion Rates
Переглядів 452Місяць тому
Here’s my take on the new capital gains inclusion rates in the 2024 Canadian federal budget. As much as I want to talk about the politics of it all, I will hold back. There’s no sense complaining about it, because that will change nothing. Rather, let’s look at how it will impact your real estate strategy, and what you can do about it. Schedule a 15-minute appointment to chat with me here: www....
Podcast 71: The State of Toronto's Condo Market
Переглядів 2,3 тис.2 місяці тому
Think the condo market is crashing? Despite headlines screaming "crash," the truth is far from it. Let's clear up some misconceptions. Firstly, the resale market is actually pretty solid right now. Properties are moving, offers are being made, and yes, deals are closing. Now, you might have heard that the rental rates aren't making sense for investors-well, that's partly true. But it's not beca...
Cash Flow Goldmine in East York: Double the units, double the profits with multiplex and laneways!
Переглядів 6 тис.2 місяці тому
With two new City of Toronto programs to create more housing (Multiplex Housing and Laneway Suites), 206 Donlands Avenue is a real estate goldmine! 1. It's in the city, just steps to the TTC Subway Line 2 (Donlands Station) 2. Wide 28.17 ft lot (by 100.00 ft deep) allowing for 3 car parking in the laneway 3. There's a laneway, you can build a house in the back 4. Add a second storey addition an...
The Toronto Condo Crash Is Imminent
Переглядів 4,3 тис.2 місяці тому
Stuck with a condo nearing completion and worried about the market? You're not alone. Let's break down your options: close or assign? As we navigate these uncertain times, many are finding their pre-purchased condos aren't appraising at expected values. With the market down, you're faced with two choices. First, you could assign your property, selling your agreement to another buyer before clos...
An Alternative to Condo Investing
Переглядів 4,7 тис.2 місяці тому
Condos are great, but their value largely depends on market trends, which we've seen can fluctuate drastically. If rates go up, then suddenly your investment's worth drops 15-20%. With commercial real estate, you have more control. By increasing the property's net income through rent adjustments or renovations, you directly impact its value, no matter the market situation. Let me walk you throu...
A Day In The Life Of A Virtual Assistant
Переглядів 473 місяці тому
What is it like working virtually across the ocean and in a completely opposite side of the world? Leah, is on our team as a virtual assistant but more specifically a Transaction Coordinator. Tune in and see what her day to day looks like working for our real estate team based in Toronto. Curious on what the rest of our team does? Can't wait to share more! Interested in transacting in real esta...
King West Luxury Condo Tour - Exclusive Toronto Living
Переглядів 943 місяці тому
King West Luxury Condo Tour - Exclusive Toronto Living
Living in Toronto's Gentrifying Chinatown - 99 Cameron Street, Unit 504
Переглядів 2073 місяці тому
Living in Toronto's Gentrifying Chinatown - 99 Cameron Street, Unit 504
Toronto Spring Market Trends & Opportunities in 2024
Переглядів 2503 місяці тому
Toronto Spring Market Trends & Opportunities in 2024
REVOLUTIONIZE Your Real Estate Videos
Переглядів 293 місяці тому
REVOLUTIONIZE Your Real Estate Videos
Build Your DREAM Home in Toronto! - 134 Upper Canada Drive
Переглядів 883 місяці тому
Build Your DREAM Home in Toronto! - 134 Upper Canada Drive
Why Are GTA Condo Rental Prices Suddenly More Affordable?
Переглядів 4183 місяці тому
Why Are GTA Condo Rental Prices Suddenly More Affordable?
What Happens When You Can’t Sell Your Home?
Переглядів 873 місяці тому
What Happens When You Can’t Sell Your Home?
A New System That REVOLUTIONIZES The Real Estate Market
Переглядів 1284 місяці тому
A New System That REVOLUTIONIZES The Real Estate Market
How To Determine A Home's Value
Переглядів 814 місяці тому
How To Determine A Home's Value
A Day In The Life Of A Real Estate Broker (PARODY)
Переглядів 604 місяці тому
A Day In The Life Of A Real Estate Broker (PARODY)
For Sale: Prime Mixed-Use Property in Toronto's South Riverdale (253 Broadview Avenue) Live/Work
Переглядів 1684 місяці тому
For Sale: Prime Mixed-Use Property in Toronto's South Riverdale (253 Broadview Avenue) Live/Work
3018 Yonge Street 1001 - Boutique midtown midrise condo in Lawrence Park (at Yonge St)
Переглядів 1044 місяці тому
3018 Yonge Street 1001 - Boutique midtown midrise condo in Lawrence Park (at Yonge St)
Are Foreign Buyer Bans in Toronto a Solution or Setback?
Переглядів 844 місяці тому
Are Foreign Buyer Bans in Toronto a Solution or Setback?
A Day In The Life of an Operations Manager
Переглядів 814 місяці тому
A Day In The Life of an Operations Manager
How to Prepare Your Toronto Property for a Record-Breaking Sale
Переглядів 1084 місяці тому
How to Prepare Your Toronto Property for a Record-Breaking Sale
Top Producing Real Estate Broker: Day in the Life
Переглядів 794 місяці тому
Top Producing Real Estate Broker: Day in the Life
Insider's Guide to Toronto: Best & Worst Neighbourhoods for 2024
Переглядів 3614 місяці тому
Insider's Guide to Toronto: Best & Worst Neighbourhoods for 2024
Boutique Condo Tour in #Leslieville #torontorealestate
Переглядів 1524 місяці тому
Boutique Condo Tour in #Leslieville #torontorealestate

КОМЕНТАРІ

  • @florencebaendes2853
    @florencebaendes2853 3 дні тому

    Really nice video. The presenter is a really good communicator and he really cares about the quality!

  • @attaboy8422
    @attaboy8422 7 днів тому

    So i agree on most of the house but not the smart system. I rather prefer a closed ecosystem. Nothing can happen to you

    • @KennethYimHomes
      @KennethYimHomes 7 днів тому

      Of course, but how? Solar? Wind? You need a lot of land to generate enough for you to use. Or do you just deal with it when you run out of electricity? Also what about water? Build on a septic and well system?

  • @oldmansgoldenwords
    @oldmansgoldenwords 7 днів тому

    Immigration will stop to Make Canada Great Again!

  • @natashadickson4819
    @natashadickson4819 8 днів тому

    Don't solve it. Abandon it.

  • @vedantpatel2131
    @vedantpatel2131 8 днів тому

    we purchased a pre-con single family home in ontario directly from builder and its set to close soon. we will be renting it out for atleast 1 year. however, a co-worker of mines told me that you only get the 24k rebate if the property was purchased for less than 450k. This seems so unrealistic; nothing these days in ontario is priced that low. is this true? are we still eligible for the 24k rebate if purchase price was over 450k?

    • @KennethYimHomes
      @KennethYimHomes 8 днів тому

      Yes you are eligible through the Ontario rebate portion. Just follow the steps in my video and you'll see.

  • @samuelaubrey2612
    @samuelaubrey2612 11 днів тому

    Landlords are parasites... Fact

  • @monikakataria6033
    @monikakataria6033 15 днів тому

    Is it available now?

  • @queenieto3093
    @queenieto3093 16 днів тому

    Can I submit these 2 forms online ?

  • @kettlehum
    @kettlehum 16 днів тому

    With being insulated from dirt, and road dust from cars tyres, brakes, road surface particles all very bad for our health. Basically less dust. :)

  • @NoorEFatemaIsha
    @NoorEFatemaIsha 21 день тому

    can you please make a video of studio apartment for couple in a reasonable price in scarborough , canada . me and my fiance is planning to move there and we are students i hope you come up with a new video related to studio apartment . It will mean a lot thank you for reading my comment♥

  • @annmatyas7656
    @annmatyas7656 25 днів тому

    Sorry i coupdnt hear Kayla's worstvpick due to sound quality

    • @KennethYimHomes
      @KennethYimHomes 24 дні тому

      Yeah, we will update this video soon! With better audio. I think she said Ice Condos, same as what Keyvan said.

  • @jrod7223
    @jrod7223 26 днів тому

    Nice layout on the home. Explanations were amazing.

  • @sachinpatil9983
    @sachinpatil9983 26 днів тому

    Thank you so much for the video. This is helpful. My accountant submitted the application on April 26 and I haven't received a cheque yet. Is there a way we can track the application? And how long it takes CRA to process the application?

    • @KennethYimHomes
      @KennethYimHomes 26 днів тому

      Did you submit it through snail mail? Or through the CRA website (personal or business)? If online, I believe there's a progress tracker. Or call them.

    • @sachinpatil9983
      @sachinpatil9983 26 днів тому

      @@KennethYimHomes The accountant submitted it via online CRA Portal. It's for personal. And she said, you can't track it online.

  • @tyc00n
    @tyc00n 28 днів тому

    you dont care because you are just clipping volume, only when volume dries up do you freak out 😄

    • @KennethYimHomes
      @KennethYimHomes 28 днів тому

      Yes of course, last year the volume really dried up compared to the previous years. But thankfully our team is consistently in the top rankings because of a loyal repeat customer base, and people always need to move, so we have people to help. But volume has definitely slowed down.

  • @pascalxus
    @pascalxus 29 днів тому

    people who are against profits and investors do NOT understand how the world works. It's really sad that so many people fundamentally do not understand how anything works.

  • @FixMyBrokenJunk
    @FixMyBrokenJunk 29 днів тому

    It’s not the landlords doing it , it’s the banks and the government that people are mad at.

  • @kyungshim6483
    @kyungshim6483 29 днів тому

    Since the biblical times tax collectors and landlords were always the most hated people. Fact of life. Don't bother listening to the haters. Let their delusions justify why they poor.

  • @amdo5873
    @amdo5873 Місяць тому

    So funny watching this from Western Europe. How you are on awe about the tilting Window, thickness of the wall and 3 Tier window. Not saying that all houses have that here, but it is of a norm and we probably are taking it for granted. Love the house.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      Our land is so expensive here, so everything is typically built so cheaply

  • @nikosolikos
    @nikosolikos Місяць тому

    And for the sake of actually helping you understand ill explain a bit.....Land and housing speculating should be illegal. You have turned a basic necessity into a commodity. Look around your city, how many homeless people do you see? You are spearheading an industry that has done more destruction than anything else in the past 20 years. If i had to just sum it up in one word GREED. Its destroyed you my guy. Argue all you want but just look around at the state of the economy. This is your sh!$ and you should be ashamed of what you have eaten.

  • @nikosolikos
    @nikosolikos Місяць тому

    The caller is right.

    • @albundy3929
      @albundy3929 29 днів тому

      what is the incentive for people to risk their behind to build and or improve homes? wakeup.

  • @EllieM_Travels
    @EllieM_Travels Місяць тому

    Be fair and not greedy and no one will hate you. Similar as that.

    • @albundy3929
      @albundy3929 29 днів тому

      who says where the fair line is set?

  • @Agingisachoice
    @Agingisachoice Місяць тому

    how about opening a business? i know its hard

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      I own two businesses already? How do you think I got the capital to be an investor?

    • @Agingisachoice
      @Agingisachoice Місяць тому

      @@KennethYimHomes there are million ways getting capital. why dont you talk about those instead of pricing out people out of the market. theres nothing sexy in producing cash without value to anyone. lets talk bout nvidia... yey we all made money.its not a great topic of discussion. its not smart or clever. its just turning 1 into 2...

  • @user-kv4kp4co1r
    @user-kv4kp4co1r Місяць тому

    Mr. Yim, I hope you are enjoying the cool market activity and enjoying burning through your savings each month and enjoying $1000 to $2000 negative cashflow on your rental property each month. No worries more joy is on your way at renewal.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      LOL thanks the house of cards comes crumbling down, oh no! ... by the way, that's per property.

    • @user-kv4kp4co1r
      @user-kv4kp4co1r Місяць тому

      @@KennethYimHomes by the way, nice Tesla. Let me know if it comes up for sale next year.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      @@user-kv4kp4co1r how could I let you know when you hide behind a keyboard? Don't worry, it's not for sale. Thankfully I have other sources of income, so beat it.

    • @mechanicalrev
      @mechanicalrev Місяць тому

      @@user-kv4kp4co1r bud, quit wasting so much time and energy listening to his content. Go fishing or something geeze.

    • @user-kv4kp4co1r
      @user-kv4kp4co1r Місяць тому

      @@mechanicalrev Who listens to his full video/s! I'm just here to comment.

  • @najanator
    @najanator Місяць тому

    Bitcoin > Real Estate

    • @jordandowland7256
      @jordandowland7256 Місяць тому

      People need homes they don’t NEED Bitcoin.

    • @najanator
      @najanator Місяць тому

      @@jordandowland7256 exactly, people buying houses to make money off of is a crime of humanity Housing is a consumption good, not an investment. It's a basic human need. Houses are unaffordable for the vast majority, especially younger generations because of real estate investors bidding up the price. House prices need to fall to the utility value Bitcoin will drain the monetary premium of real estate In our lifetime. Not attacking real estate investors.. this phenomenon is a result of the incentives of Fiat money. Where the fruits of your labor, where you store your money in, the dollar, is constantly being debased so you are forced to speculate on something. And at the end of the day, real estate is trending to zero when you price it in Bitcoin. Bitcoin is the superior store value in the world compared to everything else.

  • @telmnstr
    @telmnstr Місяць тому

    Renters should unionize, then do collective bargaining to the landlords. If one person doesn't pay then it's the tenants problem. If all renters agree not to pay then it's the landlord/banks problem.

  • @Tom-zu1ss
    @Tom-zu1ss Місяць тому

    Keep pumping out content. Don’t worry about the loser haters.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      Thank you so much! It's good to hear the other perspective though, I want to hear their opinions to challenge my own thoughts.

  • @GarageGamere
    @GarageGamere Місяць тому

    It's understandable that people are frustrated when a lot of businessman don't understand sustainable business. The idea is to create wealth so that other people can then spend their money and trust you in the process so that all people will want to do business. If more people were focused on the long-term profits, we would not be here in this situation with housing.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      The problem is that mortgages renew every 5 years, it's quite rare to get a 10 year term (and terms that match the 25-30 year amortizations like in the US don't exist here). So even if the businessman got a great rate on the first few terms, any future terms are subject to massive potential interest rate increases. Like the mortgage renewal wall that's coming up in the next 2-3 years.

  • @FelicitaIsichei
    @FelicitaIsichei Місяць тому

    Nice apartment

  • @FelicitaIsichei
    @FelicitaIsichei Місяць тому

    How many months is the rent for

  • @ruthgahlgren
    @ruthgahlgren Місяць тому

    ONTARIO LINE TRAIN

    • @ruthgahlgren
      @ruthgahlgren Місяць тому

      ONTARIO LINE TRAIN UNDERNEATH?????

    • @ruthgahlgren
      @ruthgahlgren Місяць тому

      ONTARIO LINE TRAIN UNDERNEATH????

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      It’s just north of it actually. Where the parking lot is now, on Distillery Lane.

  • @randomstuffman01
    @randomstuffman01 Місяць тому

    Thanks.

  • @mikeshogunlee
    @mikeshogunlee Місяць тому

    Why is rent outpacing inflation? Why aren't landlords competing against each other? Why do landlords let properties lay vacant rather then lower their rent?

  • @harrypatelnewzealand5451
    @harrypatelnewzealand5451 Місяць тому

    My friend live in Germany hamburg having 2bedrooms living nic house include ele internet 800 euro per month only. Federal Government control their housing and rents in Germany. House is so cheap here. People do not invest in housing, they mostly invest in produce and economy. Couple having medium jobs total making150k euro a month. They saved 300k in 4 years while having luxury life. And they bought house in Canada 450k back in 2017 and they lift the equity value by 1.65 million in 2022. They bought another house in Canada 1.1 million. And they just sold both houses in 2024. They made combine 2 million Canadian doller. How those idiots and uneducated Canadian peoples mostly dump migration run behind to buy house so desperatelly. Also we noticed that house they sold to indian and Chinese who doing truck driving and pizza store cheap jobs. They put 10 to 12people in house to meet mortgage payments. So poor life style. Canada have so poor reputation around world with poor life style. You guys must stopped to import cheap Indian and Chinese way back.. To late.. Lot of people made fortune out of your country. 1.7 million for rubbish house, really. World laughing on you guys.. 😂😂😂😂😂😂😂😂😂😂😂😂😂I 😂😂

  • @lucymonaghan
    @lucymonaghan Місяць тому

    Shelter food and water are basic human needs thatunfortunately not everyone can afford. It's crazy to profit off such necessities and not have the government step in and cap these prices in order to live. Why can't the government offer affordable homes to families who need it. We don't need more landlords who won't fix essential things like my water heater or won't let us live in peace without coming to our rented space everyday unannounced sending contractors to do non essential work they make us pay extra for and call it gardening fees to laminate a driveway. They just don't prioritize and they don't sage guard families either as they should breaking so many different laws. I give my rental place 6 more months before I make a legal claim to end my lease early. Landlords like this are leeches who only want money to give to their children without them working hard for it. Silver spoon children I call it / breeding privledge and because they come from old money, they won't have the cash to fix whay needs to be fixed.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      Sorry that you have a bad landlord. Try to think of it in a different light. The government is terrible at building homes, they're hugely inefficient and wasteful. If they did build homes, they'd spend so much money doing it, and it has to come from somewhere. Unless people came to work for free and/or donated materials for free, the only way housing would be built is if you paid people and paid to buy materials. No one would work for free because they need jobs to buy food to feed their families. In other words, profit is not evil, it's what's used to incentivize people to come to work. Otherwise no one would do it. Now bad landlords gouging you is a different story. But how do you know they are bad? How do you know that they are not under water on their expenses, which include utilities, taxes, interest expense, all that stuff that keep the building running? Have you ever thought about what it takes to operate a building? If it's a landlord that owns it free and clear and they're just being greedy, then they're evil. If it's a pension fund or a REIT that owns the building, then they are profit driven because they must produce a return for their investors, which could very well be every day people counting on retiring with their pensions. If you're lucky enough to be in Ontario, then you will have tenant protection laws. I encourage you to read up on the Residential Tenancies Act and know your rights. There's free legal advice from some volunteer organization or legal aid that could likely help you. Good luck with your situation. There's always two sides to a coin.

    • @lucymonaghan
      @lucymonaghan Місяць тому

      @KennethYimHomes how can we trust lanlords are even building these homes safely. I can't say my landlord even built this property properly using, Mexican immigrants who are barely licienced to do anything which then voids the warranty on many things like our water heater currently as they never got the store they ordered it from to install it properly. There's no hope in hell it can get replaced as the whole installation is faulty and missing components. They also never finished with construction before they planned to rent the property which is a breach of our privacy coming around everyday without warning to carry out work that should have been done before we signed the rental agreement. This is greed. It breaches living in peace and quiet sanctions in California.

    • @lucymonaghan
      @lucymonaghan Місяць тому

      @KennethYimHomes there has to be a limit though on profiting off someone else's suffering a basic human need. Many people are skipping meals to pay for their rent how is this not evil.

  • @booeylopa
    @booeylopa Місяць тому

    Hello, we purchased a condo as a corporation and it's currently rented out. I did some research online, it says that corporations are not eligible to claim new housing rebate. As for new residential rental property rebate, there is not much information. Do you know if condo held by a condo is eligible for this rebate? Thanks!

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      Absolutely wrong. I’ve gotten the rebate for condos owned in several corporations that I’ve owned. The caveat is that the corporation must have been the first purchaser for the condo though, so you would have had to assign the condo from your name to the corporation (or have added it as a purchaser along the preconstruction phase). Talk to your lawyer for more details.

  • @adamnarbeaux5898
    @adamnarbeaux5898 Місяць тому

    Excellent Ken, excellent. I’m Closing on 2 Nobu units in august. Need to put 40% down to cash flow even.

  • @iamzuckerburger
    @iamzuckerburger Місяць тому

    I jumped

  • @winchangkou
    @winchangkou Місяць тому

    Flee flee flee to the south

  • @GsunnyGGamer
    @GsunnyGGamer Місяць тому

    They also fake their mortgage papers. The feds know all about it but don't want to crash the hosing market. The system is rigged for honest first time buyers

  • @basiliobastardo255
    @basiliobastardo255 Місяць тому

    1:35 magic....A passive definition on a new level

  • @wumble7829
    @wumble7829 Місяць тому

    I remember 50% of investors were cash flow negative prior to 2020. The question is there correlated evidence to show that they have been selling in numbers? Because for the most part despite the small correction we've seen, the market is still filled with investors, so they are somehow coping with the higher deficit they have.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      Not sure if anyone has that data, but from April 2024 vs April 2023, Toronto condos have +61% more new listings as compared to all the other housing types in Toronto at +41% (Toronto detached +39%). The growth of new listings in Toronto condos is much higher than the other segments, and a large percentage of condos are investor owned. FYI the stat of cash flow negative investors are for new completions only, I don’t believe the study was for all investors. This was from Urbanation.

  • @ghettosamo
    @ghettosamo Місяць тому

    would you say 2026 is when you would really see supply shortage?

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      I would think a little later, closer to 2027+, based on the rate hike timeline that started in 2022-2023. It takes about 4-5 years to get a project sold and built.

  • @Wildbore48
    @Wildbore48 Місяць тому

    There are some logic fails here, and seem to be forgetting history of other bubble pops. Rents are tied to income, so rent revenue growth will be restricted even if immigration policies stay dumb, which will cap unit prices to an extent as nobody wants to buy a unit that isn’t cash flowing, Once the recession and unemployment comes, prices will take a big hit too. And pretty sure when you get rid of the dingbats in Ottawa wrecking our country high immigration, inflationary debt and deficits and anti development policies, we can have an economy more diverse and less dependent on unproductive real estate speculation. Real estate will be a good investment, but this guy is putting it on a pedestal when it will likely struggle in Canada for a decade like the 90s as deleveraging occurs.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      I hope we don't have another lost decade in real estate, you know the central bank will probably drop rates in response if it does. Anyway, let's see where it goes. I don't think rent tied to purchase price may be as much as an issue as you think, the only reason why rent growth has slowed is because of the existing preconstruction inventory coming to market now after completion, flooding the market. When that supply gets absorbed, and with the past two years of not building, we will have a supply shortage. Eventually rents will skyrocket again. Can't wait to get rid of the dingbats also!

    • @Wildbore48
      @Wildbore48 Місяць тому

      @@KennethYimHomes Yes, preconstructions of condos have slowed but simultaneously purpose built rentals have picked up. Might balance out.

  • @adityabhambri2043
    @adityabhambri2043 Місяць тому

    Hello! Thank you for the informative video. I have question, I bought a condo townhome for investment which has Right to lease during Occupancy. The actual closing would be after 6-8 months when the whole project is complete. Could you please let me know if the 12 months lease condition to qualify for the rebate could start during the Occupancy? Or does it needs to be from the actual closing date to get hst rebate? Thank you.

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      You should be able to submit the original lease at occupancy and still get the rebate, it's how I've done it for at least 3 of my condos.

    • @adityabhambri2043
      @adityabhambri2043 Місяць тому

      @@KennethYimHomes Thank you so much for the info!

  • @moomba347
    @moomba347 Місяць тому

    so lets say i sell something and make 250 000$ profit, 125 000$ will go to the government?

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      Oh i should have been more clear. No, if you make $250,000 through a capital gain held in your personal name (not in a corporation), only half of that will be included in your income, and then taxed at your marginal rate. In other words, $125,000 would count as income for that year. if it's in a corporation, and if you made that same $250,000, then now $165,000 would count as income for the year (vs $150,000).

    • @KennethYimHomes
      @KennethYimHomes Місяць тому

      Then at that point that income would be taxed at your marginal rate (53.5% at the highest marginal tax bracket in Ontario).

    • @moomba347
      @moomba347 Місяць тому

      @@KennethYimHomes thank you very much!!

  • @garydesousa9784
    @garydesousa9784 2 місяці тому

    They like rich neighborhoods what a surprise

  • @colicusjones4156
    @colicusjones4156 2 місяці тому

    Man…nobody told my guy his fly was open 😬

    • @KennethYimHomes
      @KennethYimHomes 2 місяці тому

      Haha shoot I told him after we filmed it. I just noticed it then. Good observation!

    • @colicusjones4156
      @colicusjones4156 2 місяці тому

      HAHA, it's happened to us all! Incredible home. Thanks for sharing! @@KennethYimHomes

  • @divyv20
    @divyv20 2 місяці тому

    Hey Kenneth , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?

  • @RadPitt
    @RadPitt 2 місяці тому

    Don't worry, idoit trudeau will make 50 year mortgages soon to keep the bubble. Sprinkle on some immigrants for safety

  • @jaayclyde21
    @jaayclyde21 2 місяці тому

    I am co-signed with my wife on an investment property that we recently closed. Can I still follow the steps outlined in the video? Anything we would do differently?

    • @KennethYimHomes
      @KennethYimHomes 2 місяці тому

      Yes, there's a section on the first page that lists out all the owners.

    • @jaayclyde21
      @jaayclyde21 2 місяці тому

      @@KennethYimHomes thanks! is it worth getting an accountant to do this or is it fairly straight forward as outlined in your video ?