Which are the cheapest and most expensive markets?

Last month a study by the OECD, which compared prices with local wages and rents, suggested Belgium, Norway and Canada were the most expensive markets compared with their own long-term averages, followed by New Zealand, France and Australia (see OECD the chart below).

For cheap property, the research pointed to Portugal, Ireland, Germany and Japan.

It is a bit scary to see both Price-to-Rent and Price-to-income to be so high, making housing not very affordable to most of the people. On another hand this might be a sign of market adjustment coming up.

One thing to remember is that numbers are general for entire country - this is macro economics level. Real Estate market however is always micro economic and there might be markets that are still affordable and good place for investment even when the general market is not

Where to find people with money for your investment? Toronto!

Many new and experienced entrepreneurs, not only in Real Estate, but in any business, use other people’s capital. This is called leverage. Behind this word is a powerful tool that helps all sides. 

Have you ever wondered where to find people with money for your investment? Well, according to WealthInsight, they just might be next door to you. Toronto has 118 000 millionaires and ranks 15^th in the world!

Rank	City	Number of millionaires (000s)
1	Tokyo	461
2	New York City	389
3	London	281
4	Paris	219
5	Frankfurt	217
6	Beijing	213
7	Osaka	190
8	Hong Kong	187
9	Shanghai	166
10	Singapore	157
11	Seoul	131
12	Munich	130
13	Rome	127
14	Los Angeles	126
15	Toronto	118
16	Chicago	107
17	Sydney	104
18	Houston	103
19	Mexico City	102
20	Moscow	101

This represents 28% of Canadians with over a million in net worth (excluding their primary residences). By 2020 Canada is expected to rank 8th with 661 000 millionaires. Impressive, isn’t it?

So you think you can find some money here?

Toronto Zoning Map

Recently Toronto City Council approved latest zoning by-law. You can read detailed document with all the details. But if you are a visual person, like us, check this interactive map to see zoning of every area.