Wall Financial Corp T.WFC

Alternate Symbol(s): WFICF

Wall Financial Corporation is a Canada-based real estate investment and development company. The Company is focused on development and management of residential and commercial rental units, development and construction of residential housing units for sale and development and management of hotel properties. Its segments include ownership and management of revenue-producing residential and commercial properties (Rental), ownership and management of hotel properties (Hotel), and the development and sale of residential housing (Development). Its properties include The Beginnings at Peter Wall Mansion, Granville Skytrain Station, 1050 Burrard at Wall Centre, Wall Centre Richmond, Wall Centre Vancouver, Crofton Lands, The Trails Phase 2, Wall Centre Burnaby, 1105 Seymour, Hornby & Drake, Hastings & Gore, Ivy on the Park, Strathcona Village, York Theatre, Wall Centre False Creek, The Capitol Residences & Music School, Yaletown Park, Electric Avenue, and Metropolitan Towers.

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Wall Financial Corp > A better way

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Comment by malx1on Aug 18, 2024 3:12pm

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Post# 36185082

RE:A better way

wynner wrote: To buy a rental property. Wall Financial. No negative cash flow and easy to sell when needed.
Also tends to pay a nice dividend. Waiting for my rent.
I have NO debt.
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Richardson
Condo investors in the GTA are feeling the cash crunch, losing an average of $597 a month in 2023. According to a report by Urbanation with CIBC economics, 77% of investors of newly completed condos who closed on a mortgage last year were cash flow negative in 2023, up from 52% in 2022. The picture worsened this year with 81% of leveraged investors losing money based on the first half-year results. This has led some investors to try and find an exit, however as the number of sellers grows, worries of narrowing profit margins grow with it. As of June, listings rose to a record, while prices declined 12% from their peak reached about two years ago. While the Bank of Canada’s latest interest rate cuts should help ease the pressure, investors may continue to feel the strain as the economic conditions for condo investors remain challenging.