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Founder of TrueCondos.com and real estate investing expert Andrew la Fleur interviews some of the most influential and prevalent people in the Toronto condo market. http://www.truecondos.com
Episodes
Jan 8, 2016
Jan 8, 2016
19 min
The first ever movie review on the True Condos Podcast! The Big Short is a movie about the events leading up to the real estate and economic crash in the USA in 2008. In this podcast, and through the lense of The Big Short movie, Andrew la Fleur looks at why the crash happened, how it happened, and the biggest question: could it happen here (in Canada)?
Related Links:
The Big Short on Rotten Tomatoes
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.twitter.com/andrewlafleur
Dec 31, 2015
Dec 31, 2015
35 min
Should we be worried about all-time high consumer debt levels? Is Toronto overvalued by 20-50%? Are we building too many condos? Are foreign buyers a real and present danger to our market? Andrew la Fleur sits down and talks to Urbanist, Land Economist, and Policy Maker Igor Dragovic about his take on the Toronto real estate market in this episode of the True Condos Podcast.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.twitter.com/andrewlafleur
Dec 17, 2015
Dec 17, 2015
17 min
Andrew la Fleur has noticed over the years of working with hundreds of real estate investors that the most successful investors share certain characteristics. In this episode Andrew breaks down his top-8 characteristics of the most successful real estate investors and he contrasts these with the characteristics of those who fail at real estate investing (or more often than not, never even get started).
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.twitter.com/andrewlafleur
http://www.facebook.com/truecondos
Dec 11, 2015
Dec 11, 2015
22 min
In this special episode of the podcast Andrew la Fleur interviews True Condos team member and veteran Realtor Sara Kelcey. Sara talks about her experience helping our clients in the resale and rental markets in 2015 including an incredible story of receiving 4 offers on a rental listing in the middle of December!
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.twitter.com/andrewlafleur
Dec 3, 2015
Dec 3, 2015
35 min
This week we sit down with Shaun Hildebrand of Urbanation. Urbanation has been tracking the Toronto condo market since 1981. We talked about the latest data from the market which is showing the highest rental demand Toronto has seen in nearly 30 years. Condo ownership rates looked like they have peaked and rental turnover rates are down. What this means for condo investors and more.
Related Links:
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.twitter.com/andrewlafleur
http://www.facebook.com/truecondos
Nov 27, 2015
Nov 27, 2015
48 min
University Studios is a new investment opportunity in Oshawa, right beside UOIT and Durham College. Varsity Properties is offering a 3 year rental guarantee to all investors who purchase in this project. Varsity Properties has been achieving premium rents in the student rental markets of Kingston, Oshawa and Barrie for over a decade. We chatted with A.J. Keilty - President and CEO - to talk about how they do this and specifically we discuss the investment opportunity in Oshawa.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.twitter.com/andrewlafleur
http://www.facebook.com/truecondos
Nov 14, 2015
Nov 14, 2015
22 min
The OECD recently said that Canadian real estate prices are overvalued by 33% based on price:income ratio. Will Dunning is an economist who noted that when you use the same premise, you come to the conclusion that rents are undervalued in Canada by 36%. Could this be true? We take a closer look in this episode. PLUS we talk about a new student rental opportunity coming soon in the GTA.
Related Links:
Will Dunning Economic Research Inc.
Will Dunning’s November 2015 Housing Report “Overvalued Housing Markets? Not Really”
OECD’s warning of sharp Toronto housing correction condemned by leading economist
University Studios - New Condo Project at UOIT
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.twitter.com/andrewlafleur
Oct 30, 2015
Oct 30, 2015
20 min
Are you better off investing in a REIT (real estate investment trust) in the stock market, or buying a condo and renting it out? In this episode we tackle this popular question for investors by comparing what you could get if you invested the same amount of money in a REIT versus a condo using Capital Hall as an example.
Related Links
How to get $1000/month from a REIT
Capital Hall - Download the Investor Package
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
Oct 23, 2015
Oct 23, 2015
13 min
BMO Nesbitt Burns just came out with a report that showed that over the last 15 years (2000-2015) the Toronto condo market has outpaced the TSX for growth and investment returns. In this episode of the True Condos Podcast, Andrew la Fleur talks about why this is amazing news for condo investors and also, why it really doesn’t matter at all.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Oct 20, 2015
Oct 20, 2015
21 min
If you only read the headlines and listen to the talk around the watercooler, you might think that the condo market is slow, or worse: about to crash. The truth is that more people are moving into condos than ever before in history. What does this mean for condo investors? Andrew la Fleur breaks it down in this episode.
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Oct 20, 2015
Oct 20, 2015
37 min
Dominic Tompa bought his first property when he was just 19 years old and he started his career in real estate in 1984. Today he is Broker of Record for Citylife Realty - Daniels’ in-house sales company which has sold thousands of condos for one of Toronto’s most respected developers. We talked about condo investing, the real estate market in 2015, and Daniels most ambitious project ever: Daniels Waterfront.
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Oct 20, 2015
Oct 20, 2015
16 min
Toronto ranked 8th in a recent report ranking the world’s top financial centres. This is the highest ranking Toronto has ever achieved and the first time Toronto has been in the top 10. Toronto is now second only to New York for cities in North America. What does this mean for condo investors? Listen to this week’s episode to find out.
Andrew la Fleur / Sales Representative
Oct 20, 2015
Oct 20, 2015
43 min
Ryan Rabinovich made his first condo investment when he was just 21 years of age. His friends all told him he was crazy and he nearly listened to them. Now 12 years later Ryan is VP of Sales for Freed Developments (#1 in GTA for sales for 2015) and he still owns that little condo he bought which has doubled in value. We get an update on Art Shoppe, 150 Redpath, and we talk about Freed’s purchase of the Galleria Mall and their plans for that.
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Sep 1, 2015
Sep 1, 2015
10 min
What separates the most successful real estate investors from those who are not often comes down to mindset. In this episode, Andrew la Fleur talks about some of the keys to success for the first time investor, and we get to hear about how Shane - one of Andrew’s recent clients - made the leap from thinking about real estate to taking action!
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Related Links:
Money: Master the Game - new book by Tony Robbins
Aug 21, 2015
Aug 21, 2015
51 min
David Choo came to Canada from Guyana in 1971 to study at Carleton University. He stuck around and now he’s one of Ottawa’s top real estate developers. An engineer by training, David has built over 6000 homes as President and Owner of Ashcroft Homes. Always the visionary, David now has his sights set on the high-end student rental market - starting in Ottawa this year with Capital Hall, but soon taking the brand (Envie) across the country.
Aug 17, 2015
Aug 17, 2015
11 min
In this episode we talk about the 4 fastest selling condo projects of the past year in Ontario and what they all have in common: they are all student-oriented condo buildings and they were all 100% sold out within a few weeks of launching. Coming up next is Capital Hall condos in Ottawa which offers a fully managed and guaranteed investment in Canada’s 4th largest city and right next to Carleton University with a student population of 28,000.
Projects Mentioned:
Capital Hall
Click here for show notes.
Andrew la Fleur / Sales Representative
Jul 31, 2015
Jul 31, 2015
36 min
In this week’s podcast episode, Pauline Liedman of Urbanation discusses the Q2 condo rental numbers with Andrew la Fleur. The market continues to perform even above industry insiders’ expectations
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Jul 23, 2015
Jul 23, 2015
18 min
My old uncle said something very interesting to me recently when discussing current world events like the Greek crisis, Chinese economy losing steam, and low oil prices: “You have to think in centuries”. These things are all small blips on the radar in the bigger picture of world events and history. And the same is true for real estate investors. Too often we get caught up in the day to day and lose site of the long term. We need to focus on buying in locations that will be great 25 years from now, and not worry about what’s happening in the next 1,2,3 years.
Click here for the show notes.
Jul 17, 2015
Jul 17, 2015
12 min
One of the most common questions that I get asked from first time condo investors is will I be able to rent out my condo once it is complete? In this episode I look at the latest numbers from Urbanation on the Toronto Condo rental market from Q2-2015. The bottom line is that the condo rental market in Toronto continues to have superhuman strength and investors have nothing to worry about at all.
Andrew la Fleur / Sales Representative
Jul 9, 2015
Jul 9, 2015
47 min
Jeanhy Shim has over 22 years of experience in the Toronto development industry as a consultant, analyst, and entrepreneur. Jeany talked to Andrew la Fleur about the current state of the Toronto condo market, what makes Toronto unique among major world cities, and how condo investors can and should take advantage of the baby boom downtown. Jeanhy is also the founder of the newly opened Children’s Discovery Centre which is Toronto’s first ever children’s museum specifically aimed at children under 6 years old.
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Jul 3, 2015
Jul 3, 2015
15 min
Jun 25, 2015
Jun 25, 2015
33 min
Brian Johnston is the COO of Mattamy Homes - Canada’s largest home builder, and also a member of the Board of Directors of CMHC. Exclusively a low rise builder, Mattamy made big headlines in the high rise world when they bought out Monarch Group in December 2014 for $330 million. In this episode, Andrew la Fleur talked to Brian about Mattamy’s take on the high rise market and their vision for this market as a new entrant.
Jun 19, 2015
Jun 19, 2015
29 min
Tom Karadza and his brother Nick are experts in Real Estate investing in Canada. They have authored several books on real estate investing and they help their clients invest all over the golden horseshoe. In this episode Andrew la Fleur sat down with Tom to talk about his experience as a real estate investor and what holds many people back from investing in real estate.
Andrew la Fleur / Sales Representative
416-371-2333/ andrew@truecondos.com
Jun 11, 2015
Jun 11, 2015
34 min
Todd Cowan and Jordan Dermer ran a huge development company in Eastern Europe for over 10 years. Now they are building a brand in Toronto that they hope will one day become one of the most respected in the industry. They are getting ready to launch 150 Redpath which comes hot on the heels of Art Shoppe Condos - the fastest selling project of 2015 so far.
Jun 8, 2015
Jun 8, 2015
41 min
Toronto City Council is facing a big decision this week about the future of the crumbling Gardiner East. Toronto Mayor John has come out in favour of the “hybrid” option which essentially means to keep the expressway in it’s current form. Alex Bozikovic, architecture critic for the Globe and Mail, strongly supports the “remove” alternative which we discuss the reasons why in this episode.
May 29, 2015
May 29, 2015
12 min
In this solo episode, Andrew la Fleur discusses some of the reasons why student rental condos are becoming so popular and why owning a student rental unit right here in downtown Toronto is a great thing to have in your portfolio.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
May 21, 2015
May 21, 2015
46 min
Shamez Virani is Vice President at CentreCourt Developments. CentreCourt projects are known to sell out very quickly because they have prime locations in the core and their buildings are designed with the needs of the investor in mind. Their latest project launching in June 2015 is Grid Condos at Jarvis and Dundas and is expected to sell out in record time.
May 15, 2015
May 15, 2015
12 min
Andrew la Fleur takes a trip to New York City to check out the view from the highest penthouse in the Western hemisphere at 432 Park Avenue, New York City.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
May 7, 2015
May 7, 2015
33 min
Adrian Crook lives with his partner and 5 kids in a 1000 sq ft condo in downtown Vancouver. We talked about the benefits of urban living for families, and discuss the challenges that cities like Toronto and Vancouver face in getting more families to make the shift to downtown, high rise living. Condo investors should be aware of this trend and start adding larger 2 and 3 bedroom units to their portfolios.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Apr 29, 2015
Apr 29, 2015
41 min
On this episode Andrew la Fleur sits down with Jacob Cohen of Daniels to get an update on the rapidly changing regent park neighbourhood and they talk about the latest new project in the area - The Bartholomew condos and towns
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Apr 24, 2015
Apr 24, 2015
15 min
In this solo episode, Andrew la Fleur presents an oral essay on why the rental apartment boom we are seeing in Toronto is a good thing for individual condo investors. There are 5 forces at play that when taken into account indicate a bright future for the condo market.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Apr 17, 2015
Apr 17, 2015
36 min
Carl Langschmidt is a top Realtor in Toronto and has been an industry innovator for nearly a decade. In this episode, we discuss Carl’s new and powerful website Condos.ca as well as his firm’s findings about maintenance fees. Some of the results might surprise you.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Apr 13, 2015
Apr 13, 2015
41 min
Peter Norman is Chief Economist at Altus Group and General Manager of Altus Group Economic Consulting. He’s been tracking the housing market for nearly 30 years and has been a real estate investor since the 1980s. Peter has consulted with the International Monetary Fund and gives us insight into the question of “Does the IMF really believe that Canadian real estate is 30% over valued??” We also talk about the effect of immigration on the GTA housing market, oil prices and more.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Apr 4, 2015
Apr 4, 2015
32 min
Darin McLeskey is an investor, developer, and Realtor in Detroit. We talk to Darin on this episode about investing in Detroit's infamous "$500 house", learn about the risks and rewards of investing in fringe areas of the city, and Darin tells us where the smart money is going now in Detroit real estate investing.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Mar 26, 2015
Mar 26, 2015
22 min
Benjamin Tal is the Deputy Chief Economist with CIBC World Markets. On this episode we discuss the global economy including what’s happening in China and Europe, his positive outlook on the USA, Ben’s recent “Canada Jobs Report”, and listen to hear what Ben thinks about the recent trend of institutional investors getting into the Toronto High Rise Market.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Mar 20, 2015
Mar 20, 2015
30 min
David Wex, who along with his partner Mark Reeve, are Urban Capital. Since David started in the condo industry in the 90s, he has been a trailblazer with a vision to build high design condominiums and get into areas years before they have gentrified. River City is a multi-phase condo community in the West Don Lands - once derelict lands that are now one of the coolest neighbourhoods in the city, and River City 3 is unlike anything else ever built in Toronto.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Mar 17, 2015
Mar 17, 2015
35 min
Ben Myers of Fortress Real Developments just released his latest “Market Manuscript” detailing the current state of several of the major housing markets across Canada. I asked Ben about what the chances are of a major housing correction in Canada, which bank said that Canadian real estate is undervalued, and how oil prices might affect the real estate market.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Mar 5, 2015
Mar 5, 2015
31 min
HST rebates continues to be a very confusing issue for some condo investors - but they don’t have to be! Andrew la Fleur catches up with tax expert Mark Purdy to discuss the the latest on the HST as they continue their conversation from episode #11 of the podcast.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Feb 23, 2015
Feb 23, 2015
33 min
Peter Freed started out as a labourer at age 20 and worked his way up to become one of the top condo developers in Toronto. We talked about his biggest and most ambitious project to date: Art Shoppe Condos + Lofts at Yonge and Eglinton.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Feb 19, 2015
Feb 19, 2015
40 min
Anson Kwok of Pinnacle International sits down with Andrew la Fleur and discusses Pinnacle’s upcoming mega project 1 Yonge, the differences between Vancouver condo development and Toronto condo development, and what’s in store for the next generation of Toronto’s waterfront.
Feb 12, 2015
Feb 12, 2015
49 min
Amit Puri, mortgage broker and CA, talks about the historically low interest rates we are experiencing and gets us behind the scenes to learn what is driving the current mortgage rates. He also provides some advice for getting a mortgage if you are a first time condo investor, and he gives his opinion on the key question of is it better to buy your condos in a company name or a personal name?
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Feb 6, 2015
Feb 6, 2015
24 min
Ralph Del Duca of Chestnut Hill Developments talks about why Pickering is a great city to invest in, what is driving the strong rental rates in Pickering, and the "miracle" that happened in his first condo in Pickering - San Francisco by The Bay Phase 1.
Jan 28, 2015
Jan 28, 2015
47 min
Hunter Milborne, President of Milborne Real Estate Inc has sold tens of thousands of condos. He is quite possibly the most experienced and successful condo investor ever in Toronto, having started his career in 1976 by selling 33 Harbour Square. The “Dean of Condos” sits down with Andrew la Fleur to share some of his secrets to success from a nearly 40 year career in the Toronto condo market.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Jan 22, 2015
Jan 22, 2015
40 min
George Carras, President of Realnet, talks about the latest economic and market data and how this affects the Toronto real estate market as well as how policy makers need to work with the industry and consumers to make a better market moving forward.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Jan 15, 2015
Jan 15, 2015
48 min
Stephen Diamond, President and CEO of Diamond Corp, talks to Andrew la Fleur about what makes Toronto the most unique city in the world, why investing in condos in the core is a sound choice, and why The Well development at Front and Spadina is a ‘dream come true’ opportunity.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Jan 7, 2015
Jan 7, 2015
26 min
Alyssa Richard, Founder of RateHub.ca, talks to Andrew la Fleur about finding the best mortgage rate, and how condo investors can use her tool to increase profits. Alyssa also discuss a new tool coming to RateHub.ca
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Dec 18, 2014
Dec 18, 2014
40 min
Andrew la Fleur discusses how to invest wisely in real estate with one of Canada’s foremost experts on the subject, Don R. Campbell. Don is a best-selling author of many books about real estate, and he is the founder of REIN (Real Estate Investment Network). Don and Andrew share a passion for creating hype-free educational resources about real estate investing.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Dec 10, 2014
Dec 10, 2014
31 min
Jeremiah Shamess, a Redevelopment Associate at Colliers Internation, talks to Andrew la Fleur about high profile condo sites in Toronto.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos
Nov 26, 2014
Nov 26, 2014
37 min
In this episode, Andrew la Fleur chats with Matt Kingston, VP of Land Development about design features that make a great condo building and how Minto goes above and beyond to make buildings that people love. They also discuss Minto's newest project Minto Westside and Matt gives his advice for investing in condos.
Nov 14, 2014
Nov 14, 2014
17 min
During this special "solo" episode, Andrew la Fleur discusses financing micro condos, Canadian bonds, and how to get in on the best condo investing opportunities in Toronto.
Click here for show notes.
Andrew la Fleur / Sales Representative
416-371-2333 / andrew@truecondos.com
http://www.truecondos.com
http://twitter.com/andrewlafleur
http://facebook.com/truecondos