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Welcome to another episode of the Savvy Investor Podcast!
In this session, we're joined by the season realtor and investment expert Zack Brittain from Phipps Brittain Real Estate. With a rich background in real estate, especially in the multi-family sector, Zack shares his knowledge when it comes to the real estate investing market in Ontario.
Key Points Discussed:
- Zack's Background: From an early age, financial independence intrigued Zack, leading him unknowingly towards a fruitful career in real estate. His narrative includes the transition from his initial job to becoming a prominent investor before his 30s.
- Real Estate Sales Experience: Zack’s foundational years in selling properties before diving into investments instilled in him critical lessons in sales psychology, database management, and the art of handling rejection, preparing him for the investment world.
- Shift to Full-time Investing: The pivot to focusing solely on investing, especially in multi-family properties across Southern Ontario, was a strategic move influenced by the growing importance of family life for Zack and his partners, steering away from high-volume sales.
- Ontario Market: Zack outlines the dramatic shifts in property prices and the rapid population growth in the region. These factors contribute to an ongoing housing shortage and affordability crisis, fueled by a lack of sufficient new housing developments to meet demand.
- Investor Challenges & Opportunities: The episode doesn't shy away from discussing the harsh realities of investing in Ontario, including soaring costs and complicated landlord-tenant laws.
- Long-term Outlook for Canadian Real Estate: Zach remains bullish on the future of Canadian real estate, attributed to the country’s stability and safety that continuously attracts immigrants. This scenario presents a fertile opportunity for long-term investments, particularly in buzzing markets like Southern Ontario
- & More!
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