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Having bought, owned and sold multi-residential properties myself I understand the ins and outs of managing tenants and ensuring your investments create not only cash flow but capital growth over time. I've completed several large scale renovations on my properties, so I'm quickly able to identify where your money will be best spent in any given property, for both return on that investment and protecting that investment over time.

I've also done extensive work with developers, primarily in the recent wave of the downtown new condominium construction field. My largest project completed to date was the Residences at Acclamation, a 76-unit condo development located in the heart of the desired arts district in downtown Hamilton, situated at the corner of James Street North and Mulberry Street. For 4 years, I was involved in bringing the owner's dream of building a mixed-use boutique style condo building to life. From the early stages of planning, design and city approvals, to pre-selling units before they were built, to breaking ground and completing construction. Today at 181 James Street North there are 71 residential units and commercial spaces that I had a hand in creating.

Whether you're looking to buy, sell or invest, I strive to treat your transaction like it were my own, with thoughtful consideration of you and your family's goals and timelines.

RE/MAX Escarpment

English

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Ancaster

Downtown Hamilton

Dundas

Flamborough

Glanbrook

Hamilton Mountain

Stoney Creek

West Burlington

East Hamilton

West Hamilton

Josh Purdon

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PROPERTIES

What kind of effects does the recent hike in Canada's interest rate have?

<p>The value of Canadian real estate has risen significantly in recent years and is likely to continue doing so. Long-term property value growth is unlikely. Investors who can't handle the real estate market's ups and downs or who must sell in a down market may lose money. Oxford experts predict a 24% home market correction within two years, despite Canada's "historic" housing bubble. However, pre-pandemic house prices are now 50% higher. Long-term, the housing market rises, like the stock market. Consult a real estate specialist to evaluate if now is a good time to buy a property or if you should wait till the market collapses. A real estate agent isn't an oracle, but they can tell you if local prices will rise or fall. Making your initial investment when the market is low will help you make a profit.</p>

Why Should You Invest in Real Estate in Canada in 2022?

Property Tax:	$0.00
Common Expenses:	$0.00
Title Insurance:	$400.00
Legal Fees:	$0.00
Mortgage Broker Fees:	$1,500.00
Land Transfer Tax:	$0.00

Josh Purdon

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