Insights Kyle Dovigi Insights Kyle Dovigi

City of Toronto Property Taxes Going Up 7%

Property taxes in Toronto are going up by 7%. What no one is talking about is the massive shortfall of funding that won’t be collected from the Land Transfer Tax (almost $750M). The average LTT paid was $38k - that is literally the deposit on a condo in Calgary - as a real estate investor, which do you prefer?

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Insights Kyle Dovigi Insights Kyle Dovigi

Calgary Market Report - December 2022

The Calgary real estate market continues to be resilient, even in the face of higher interest rates. New listings have dropped off a cliff and available inventory is incredibly low. Condos had a record year and are performing well.

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Insights Kyle Dovigi Insights Kyle Dovigi

Calgary Rent Through the Roof

Rental rates in Calgary are through the roof with rents increasing over 32% year over year. Calgary is facing a perfect storm which makes it a great investment option for the foreseeable future.

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Insights Kyle Dovigi Insights Kyle Dovigi

Why I Can’t Buy Single Stocks

I can’t handle the volatility and ups and downs of trying to pick individual stocks. There are people far smarter than me and with far more money and resources trying to do this and they still can’t. Now, I sleep easy by investing in real estate where I will never see the value of a property drop 24% in a single day.

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Insights Kyle Dovigi Insights Kyle Dovigi

Interest Rates Increased Less Than Expected

The increase is expected but I am surprised that it was not for 0.75%! The BoC said previously that they were going to front-load rate increases so that they could get inflation under control - this tells me that they are seriously concerned about a recession and the economic impacts of rising unemployment.

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Insights, Calgary Kyle Dovigi Insights, Calgary Kyle Dovigi

Record High Activity: Calgary’s Industrial Real Estate Impresses

It’s not just residential real estate that is booming in Calgary - industrial real estate is also having it’s “moment”! Following a COVID-19 pandemic boost, Calgary's industrial real estate market is experiencing record-high activity, which will eventually result in greater job prospects for residents and a rising tax base for the city

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