Investing in Paradigm Grand Condominium makes good financial sense now and for the future
During both good and bad financial times, real estate is one of the safest places to invest. After all, you can’t live in a GIC or a stock. Real estate also can earn ongoing income and serve as a long-term investment (or become your eventual home). That’s why it makes solid financial sense to purchase a unit at the Paradigm Grand, as a longer-term investment.
Breaking Down the Numbers
Real estate, especially within the Greater Toronto Area, continues to be a winning investment strategy for smart buyers. According to the Toronto Regional Real Estate Board (TRREB), year-over-year, the average home sold price increased by 3%. More importantly, from 2012 to 2022, the average housing price has increased by 137%.
Burlington is also an attractive place to invest according to the Realtors Association of Hamilton-Burlington (RAHB). Despite the average sale price slipping by 0.2% year-over-year, condo prices across the Hamilton region are up 2% year-over-year, and up 4.6% month-over-month. Again, from 2012 to 2022, the average price of a condo has increased by 132%.
Owning a rental property in Burlington continues to be a wise future-focused investment. Based on recent data from Rentals.ca, rental rates are on the rise in Burlington, with one-bedroom and two-bedroom units up 1.2% and 4.2%, respectively, year-over-year from September 2022. With low vacancy rates in Burlington and across the GTA, there will be strong demand for rental properties going forward.
A Molinaro Condo is Different by Design
The value of any real estate purchase, whether as a home or an investment, depends largely on location. This is one of the most relevant selling features of Paradigm Grand in Midtown Burlington. Compared to the Greater Toronto Area housing market, and even with the substitutional amenity and finishing package available at Paradigm Grand, this new Molinaro development is eminently affordable.
Moreover, there are precious few opportunities to invest in Burlington’s condo market. As a result, it’s important to find the right condo when planning to purchase a long-term investment property. Fortunately, you can buy a condo in Molinaro Group’s Paradigm Grand development, which is currently under construction.
Like all Molinaro Group properties, Paradigm Grand is ideally located, just steps from the GO train and close to all downtown amenities. The building itself offers many luxury amenities, including a pool, spa, yoga and activity rooms, and expansive outdoor terraces.
Individual units are smartly designed featuring luxurious standard finishes, inclduing quartz countertops, plank flooring, stainless steel appliances, and built-in wardrobes. You can also customize your unit from a selection of upgrades.
These attributes, along with the overall Paradigm project’s impressive equity growth since inception, make Paradigm Grand an ideal opportunity for buyers looking for a proven, long-term investment.
Trust Your Developer
Buying an investment property is not just about the location, the building, the suite. It’s important to deal with a builder who possesses a track record of success and a commitment to total quality – from design and building, to finishing and after sales customer service.
Molinaro Group has over two decades of experience in building multi-family, award-winning residential properties in Burlington. The owners of the company are personally involve and engaged in every part of the development, from initial design through to the final sale and even after-sales customer service.
And when purchasing a unit at Paradigm Grand, you’ll deal with a team that has extensive experience in the Burlington market, helping new and experienced buyers along their path the purchase and beyond.
Overall, purchasing at Paradigm Grand is a smart decision you can make today that sets you up for a rewarding future.
Visit our Sales Centre at 761 Brant Street in Burlington.
Hours are Tuesday and Thursday from 4pm to 7pm and
Saturday and Sunday from 1pm to 4pm.