The Truth About Real Estate Investing... For Canadians

We have my old friend Ming Lim of Volition Properties, Toronto Realtor and investor extraordinaire and the name volition is about living your life on your own volition thanks to financial peace from a great real estate portfolio.  The nice thing about investing in Toronto is one can’t really beat the number of high quality tenants to choose from.  In my experience, the ideal tenant is gainfully employed and optimistic about the future as their credit history is valuable to them as they want to be able to get car loans and mortgages hence they can both afford the rent AND be motivated to be a quality tenant. But Toronto is a top two least affordable city in Canada and one of the least affordable in the world so unless you have deep pockets for negative cash flow condos, you’re going to have to adopt an investment model of intensification and densification and that’s exactly why we have Ming Lim on as today’s guest. Ming and I go back over ten years, he’s an engineer by training so he’s a bright guy, he doesn’t