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Investor Insight: Flip the flipping script

Fundamental changes to the investment landscape mean holding onto condos instead of flipping them. Jemima Codrington reports. 

Video transcript below:

Jemima Codrington: Booming condo development has seen many investors take a buy and flip attitude towards condo investing. But could this be about to change? Hi, I’m Jemima Codrington and welcome to Investor Insight on Crew TV.

As the condo market heats up, many investors are deciding that hanging to their newly purchased unit might be the savvier investment strategy.

Matthew Regan, Royal LePage Real Estate
Matthew Regan: You know I think it really comes down to the fundamentals of supply and demand. If a building is seeing relatively low inventory on the market, an investor might look at it and say, hey you know what I’ve got, I made a profit here, there is demand for my building and I am going to take some money, take my equity out of the unit on the flip side.

If you are seeing a lot of supply in the building, it might tend to drive or keep prices relatively low and if the return on investment is not there, that landlord or the investor may just continue to rent it out, so long as it makes sense.

Jemima Codrington: So what has contributed to the change in mentality and strategy, when it comes to investing in condos.

Tarik Gidamy,
Tarik Gidamy: Prices are going up. So investors are now looking into the future, waiting till a building settles, till you know kind of the flippers and assignors gotten out of the way. The building has got a chance to get its character and really hold on to it, number one in a sense where money is cheap to borrow still.

So they could be cash flow positive, starting the day that they rent and some of them are buying it for their kids to keep for long term hold and in general it’s just a safe place to park your money for the long term as opposed to getting in and out as the usual investors would do.


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