Invested In You - John Beddome

11/05/2021

$7,500 USD profits from stock options trading in a single day!

I love real estate investing. In the last 14 years I’ve built up a considerable portfolio and helped many clients and friends do the same. Over these years I also did a tiny amount of stock investing. However the last 1.5 years has been life changing. While I continue to build our real estate portfolio I’ve worked hard developing a new side hustle. I’ve invested in several courses and I’m continually sharpening my skills as a stock options trader. This is what I made today in two different accounts (personal and corporate accounts).

If you are interested to learn how I got started or if you want to talk real estate investing also feel free to DM me! I’m happy to help! Helping others grow their wealth is what “Invested In You” is all about!

06/09/2020

Average prices in Barrie and surrounding areas are up 7% from May, 2019 to May, 2020. New listings and sales volume were understandably down (something that media likes for attention grabbing headlines).

On the ground level here in Barrie I'm seeing multiple offers on most entry level residential. The last three homes I sold all went for more than asking price between $430,000 and $604,000. It seems like about 80% of buyers are coming up from the GTA (Greater Toronto Area) whether to move here or to invest.

I'm noticing that the first week of June is getting even hotter. It will be interesting to see where the June stats come in at. Many buyers are trying to get in before the CMHC (Canadian Mortgage Housing Corp) introduces new rules on July 1st making it harder to buy with less than 20% down.

My advice and the options that I take people through depends on individuals circumstances but I advise that if you are already putting 20% down or if you can make this option work just wait until the summer to buy.

If you find the home that you really want and/or you are investing for the long term, go ahead and make your offer in line with all the others. I've never regretting investing in real estate 10 years after the fact and I'm sure we will feel the same way in 2030.

01/25/2020

Rents in Barrie have risen between 13 and 15% in the last year. This trend is likely to continue, with growing demand and very low supply in southern Ontario. Government policies aimed at slowing prices have kept more people out of home ownership and in the rental market. We are also seeing rents increasing around 15% for single family rental homes.

Check out Padmapper's latest January 2020 Canadian Rent Report to learn insight on the most recent rental trends in around the 25 largest cities across Canada.

01/22/2020

Interest rates continue to hold. I notice that banks are often offering lower payments on the fixed rates than on variable, even for 5 year terms so the banks are betting on the Bank of Canada to continue this. It may even go lower. It’s nice that the payments stay the same for properties we have with variable rate mortgages. Still I’ve been tempted to lock in at great low fixed rates. Last week I did a renewal on one of our investment properties for 2.99% 5 year fixed with Desjardins with a lower payment than the variable offering of Prime rate minus 0.85%. At this point I feel comfortable having a mix of fixed and variable in the portfolio.

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.

01/17/2020

Lately the market in Barrie has really been picking up again. We are seeing more and more multiple offer situations. The number of homes for sale is currently the lowest it has been since the spring of 2017 when average prices went up over 30% between the spring of 2016 and the spring of 2017. Between December 2018 and December 2019 prices within the City of Barrie were up 10% and for the entire year of 2019 compared to the entire year of 2018 prices were up around 4%.

What does this all tell us?

As demand for housing in our area continues to outpace supply, prices are most likely to continue to climb. Add in the factors:

- a strong economy in southern Ontario with lower than average unemployment rates.
- an increasing number of home buyers and renters moving to Barrie and surrounding area for more affordable housing options that are becoming increasingly less available in the GTA.
- new housing starts lower due to high development and construction costs making the supply side of this equation continually fall behind.
- low interest rates and most forecasts calling for this to continue in coming years.
- overall increasing population in Canada and certainly locally. 500,000 in population growth in 2019 in Canada. Add to that a commitment to bring 1,000,000 immigrants in the next three years.

So those are the factors I'm seeing that will drive prices up this year. What are the factors that could slow it down:

- government intervention. This is what took the wind out of the sales in 2017. Still their policies did not address the issue of short supply and the impact was temporary in our area. Also, an unintended consequence has been continually increasing rent prices. The policy is keeping more people in the rental market.
- global or national recession. A long discussion and always difficult to predict.
- increasing interest rates. While this is unlikely currently (notice that 5 year fixed rates are lower than short term variable rates which means that banks are betting on low interest rates as well). It is of course always possible. How the Bank of Canada determines how to move the prime rate depends on a lot of factors and predicting it is also difficult.

So this is my take on the current real estate market in the Barrie area. At a local level we are certainly most likely to continue to see increasing prices in 2020.

Read the full story and comment on BarrieToday.

07/12/2019

Check it out! Beautiful custom-built home next to Innisfil Beach Park!

2212 25TH SDRD, Innisfil, Ontario L9S2C9

06/04/2019

Thanks again to everyone who came out to the Barrie Street Smart Tour! It was a great day of networking, discussing real estate investment strategies, and analyzing investment properties in beautiful Barrie!