Greener Home Improvement Loans & Grants

Recently I have been approached by a few people, asking me to help them find $100k loans for home improvements. 

There are a few great options from the government and municipality, you don't really need me. 

*Available on primary residence only* 

For Toronto residents: HELP (Home Energy Loan Program)
Up to $125k, interest free & max of 15 year term. 

For non-Toronto residents: Canada Greener Homes Loan

Up to $40k, interest free & max of 10 year term. 

Click on the links, and you will be directed to their official pages for program details, eligibility check and application. 

You're welcome.  

We Are Hiring!

Career Opportunity - Mortgage Agent

I am looking to hire two investor-focused mortgage agent/brokers, are you or do you know anybody that might be a fit?

Please introduce them to me if you know anybody! 

Check out the attached description to see what type of people we are looking for. 

CAUTION: Inclusionary Zoning

Toronto Developers:

If you are developing a standard purpose build rental OR mixed-use condo products more than 100 units (student rental, retirement homes, nursing homes are exempt), near Protected Major Transit Stations Areas (PMTSA, basically where subway and light rail stations are) you will be required to include 3-5% GFA toward affordable rental for PBR and 10% GFA for condos, starting Sep 2022.

This is a great ESG initiative, however it will impact your returns. So make sure to factor this into your modeling. 

If you need help with financial modeling, GP/LP waterfall modeling or Argus Enterprise runs, my team will be very happy to help. 

What is Inclusionary Zoning? Click here to learn

For service & consulting inquiries, please contact:
Kai Lu, 647 869 1058

CMHC MLI Select Is Great for Financing GTA Rentals! This Is Why

Some people think CMHC MLI Select that it's bad for financing GTA Purpose Built Rental (PBR), because you have to cap the rents under affordability thresholds.

BUT, there are ways around it. In this video, I will show you how you can qualify for this program in gateway markets such as GTA, and still charge these $3000/m rents

Click here to watch my video.

Are you investing in GTA PBR? Let me help you finance your project

For inquiries, please contact Kai Lu 647 869 1058

Buy That Boat Now or Pay the New Luxury Tax Later?

Coming into force on September 1st, the luxury tax will apply to cars and private aircraft that cost more than $100,000 and to boats or yachts of over $250,000. Some upgrades will be taxes too. 

If you are considering buying these, buy them now before paying additional tax. 

If you do not know what the new Luxury Tax is, here is a helpful article from Canadian Family Offices. 

Click here to access the article 

Will Interest Rate Rise Again in Sep?

Flagging growth won't derail central bank rate hikes

Bank of Canada increased its rate by 100bps in July to curb inflation, but food and gas prices haven't come down in reality. 

Will the central bank prioritize controlling inflation and increase their rates again?

If you have a decent-sized real estate portfolio, you might want to keep an eye on the Canadian economy, because cap rates and valuation are directly impacted by that.

Therefore, directly impact your exit strategies and asset re-allocation. 

Attached is the most recent report from RBC Economics

Section 37 Benefits

During our initial assessment of a potential Toronto development site, we are trying to maximize the density and came across Section 37 Benefits. 

If you are looking for higher density but are having issues, try making some community benefit contribution outlined in Section 37, you might get an exception. 

Worth trying. 

Click here to access the guidelines

BC Foreclosure Lists

Abbotsford Houses
Abbotsford Condos and Townhouses
Burnaby Houses
Burnaby Condos and Townhouses
Cloverdale Condos and Townhouses
Coquitlam Houses
Coquitlam Condos and Townhouses
Langley Houses
Maple Ridge Condos and Townhouses
Mission Houses
New Westminster Condos and Townhouses
North Surrey Houses
North Surrey Condos and Townhouses
Pitt Meadows Houses
Richmond Houses
Richmond Condos and Townhouses
South Surrey White Rock Houses
Surrey Houses
Vancouver East Houses
Vancouver East Condos and Townhouses
Vancouver West Houses
Vancouver West Condos and Townhouses
West Vancouver Houses
Whistler Condos and Townhouses

Here is a list of BC properties that are in foreclosure proceedings. 

Check it out and contact the realtors, if any of them interests you. 

Make Mortgages Fun Again!

Looking to take a summer vacation this year... and need a mortgage?
We will buy your flight tickets, to fly you round trip in North America, when you hire us to do the mortgages.

If you want an alternative option, we can also reimburse your appraisal cost. 

Click here to check out our new summer program.

Contact me when you are ready for action. 

Kai Lu,

Kai@pulsarent.com
647 869 1058

How Will the Economy Impact the Canadian Housing Market?

How is the real estate market correlated with the country's economy?  

Here is a simple yet throughout article from Bob Dugan, Chief Economist at CMHC. 

Click here to access the article 

Renter Nation: Blackstone's Secret Strategy Exposed

Homeownership is dying, and the US is becoming a renter nation. In this video, I am analyzing one of the reasons, that is institutional home buyers, and revealing a secret strategy used by Blackstone.

It's a brilliant business idea in nature, although not so great from an ESG perspective.

Check it out here and leave your thoughts in the comments. 

Home Renovation Tax Credits in Canada for 2022

Accountants, Seniors (65+) & Multigenerational Home Owners/Buyers:

This is so far the best article I found on the Home Accessibility Tax Credit & Multi Generational Home Renovation Tax Credit 

Click here to read it, so you can claim the right credits 

How Will the Future Look Like for Offices?

Calgary Office Q1 2022
Toronto Office Q1 2022

When I was in Calgary last month, I went to a downtown office tower to meet people. 

The downtown core was quiet. When I was on the 10th floor, looking out through a window, I saw an office building that is being repurposed into a multi-family, right across the street. 

This was actually my first time seeing an asset being turned into a different type, and earning a fresh start. 

That inspired me to look deeper into this niche.
And here are some resources I came across, that might inspire your creativity and help you find new opportunities. 

A 1980s-Era Office Park is Reborn as Multifamily Housing

Courtesy of Cresa Toronto, Cresa Calgary and Mark Rivers at Lowe

Is the Canadian Housing Market Facing a Down Turn?

You probably have seen and realized, the residential market has cooled down. 
But to what extent?

Here is a brief summary on sales activities and prices changes, that can help you visualize these changes. 

Click here to read the article 

Courtesy of RBC Economics.

Calgary Industrial Market Overview

Calgary Industrial Q1 2022

For those of you considering investing in Calgary, here is the Q1 report on its industrial asset market. 

Sub 5% cap rates with 3.7% vacancy overall? 
Is it a good place to invest? 

Courtesy of Cresa Calgary

So you want to use VTB and Private Second for Down Payment?

Commercial Products Update:

We are once again accepting VTB or Private Second as part of the capital stack to facilitate first-position institutional financing.

Preferred asset classes: Mixed Use, Multi-residential (5+ units), retail units or plazas, commercial or industrial condominium units, office units, industrial buildings, live/work, student rentals, licensed rooming houses, other properties on a case by case basis.

Prohibited properties: Automotive, gas stations, place of worship, land, hotels/motels, specialized use properties (ie. funeral homes, bowling alleys, campgrounds etc.)

Location: Preferably GTA, other locations case by case

For inquiries, please contact me: Kai Lu 647 869 1058

Commercial Leases 101

The Facts about Leasing Commercial Real Estate

Businesses are opening up and commercial real estate developments are on the rise again. 

If you're looking to lease commercial space or become a CRE landlord, understanding leasing is an important part of your investment. 

Check out this guide to know your rights and obligations, when leasing CRE. 

Courtesy of Daoust Vukovich LLP. 

Is Multi-level Industrial the Future?

We are running out of land but still need more industrial real estate. 
So what do we do? 

Here are some common challenges, solutions and some success stories to develop multi level industrial products 

Click here to read

DO NOT go all-in in real estate! Do this instead, like an accredited investor.

It might seem cool to go all-in in real estate, but you might face a rude awaking when you try to sell one day, particularly with commercial assets, as they can be very illiquid.

However, there's a solution to that.

By using this strategy, you can add liquidity to your overall portfolio, creating leverage, and diversifying holdings that have low correlation.

It's a strategy intended for and commonly used by high net worth individuals and accredited investors.

Click here to watch the video

10 Cheap & Safe Countries To Buy Property

Have you ever dreamed of buying a house in a foreign country and moving there to live the expat life or perhaps buying an investment property and renting it out?

Well, there are many countries where you can buy property for an affordable price. These countries have some of cheapest real estate markets in the world. They are ranked on many factors including safety index, cost of living, quality of life and access to healthcare.

Here are the top 10 affordable and safe countries to buy properties.

Click here to read