ABOUT THIS EPISODE
In this episode I sit down with Simon Mass, founder & CEO of the Condo Store.
Simon has more than 25 years of experience in real estate investing & is a true leader in the pre-construction space.
Condo store website: https://condostorecanada.com/
Simon's email: Simon@condostorecanada.com
Discussion points:
- Simon's experience & journey in real estate (6:12)
- The Condo Store's business model (10:59)
- rising borrowing costs, interest rates (15:10)
- Pre-con basics, GTA corridors, masterplan communities (18:05)
- Selecting a builder, maintenance fees (22:55)
- Deposit structures (26:24)
- macro outlook, supply-demand, development challenges (31:36)
- condos vs single family homes (39:25)
- resale vs pre-con condos (42:54)
- condos are cash flow negative (47:30)
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