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Archive for the ‘Real Estate’ Category

Tourists are not always economy class spenders. Some tourist go first class and can easily afford 5-star hotel rates. This is common in a city like Toronto, Canada. However, because of the low temperatures of Canada, it can be safely said that tourists will only be abundant during the summer the months which is roughly ¼ of the year or roughly 100 days in a year. Thus, tourism revenue should be calculated with this in mind. Let us assume that a US$600,000 in-city luxury home has been converted by investors to be rentable.

Assuming a 10 year return of investment requirement, this results in a US$60,000 a year required revenue. Assuming only 100 days a year is high roller tourism season, this requires a rent of at least US$600 a day. However, for US$600,000 luxury house, which probably has at least 5 rooms, a visiting foreign delegation or a simple successful businessman and his family can easily afford US$1,200 a day or more. If the party is comprised of 5 individuals this results in just US$240 per person per day, dirt cheap for such accommodations. Thus, viability is possible. Here, a Toronto Real Estate Agent can be approached by interested investors for good investment opportunities. A Real Estate Agent can even approach large corporations to invest in such holding for their visiting dignitaries.

Can’t wait to get out of your parents’ house and find your own nest to settle in? How about looking into one of the many Toronto Condominiums! Toronto Condos have magnificent views and is accessible to the local shops, venues and even the financial districts. And expect that there is no condo unit that comes in a cheap price. However in looking for Toronto Condos, price should not be your only basis, there is more to consider than their price tags. If you’ll be able to enjoy a glamorous and comfortable life, then it can be the perfect nest for you to settle in.

It is a fact that condominiums come at very high prices. Thus always keep in mind that if you are planning to move into a condo unit, make sure that it’s what you want and what you can afford. Take the time to look around, ask questions and also, having an experienced real estate agent with you is definitely not a bad idea. With a professional and expert opinion that is reliable, you can discuss with him what you want, your budget and from there he can help you find the perfect nest you want. Generally speaking, there isn’t a negative aspect when purchasing a condo if you afford it.

In terms of gas bills alone, a person whose house is 5 kilometers away from work requires a total of 10 kilometers a day of two-way car travel. With city driving consumption of 1.1 liters per 10 kilometers on an average mid-sized car, this is 5.5 liters or 1.45 gallons per 5 day work week. At US$1.65 a gallon in 2008, this is roughly US$2.40 per week or US$124.68 or 75.4 gallons per year just for going to and from work. Assuming living in 200 unit Toronto Condominiums built in or near the city centers, allowing an easy walk or commute to work. This is 15,080 gallons a year or US$24,936 saved with the occupancy of a single building. Considering a 25 year life span of the building this produces a savings of 377,000 gallons of fuel.

Consider also that Toronto City population increases by an average of 10,000 families of three per year that have to live farther and farther from the city centers. This adds up to US$1,246,800 or 754,000 gallons of gas usage per year which can be saved if these families occupy in-city Toronto Condos.