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hey everybody uh in case you missed it uh Doug Ford the premier of Ontario made an announcement just recently about legislating Triplex by Wright across Ontario so Im going to go through an example where our clients are literally doing this they are converting a single family home into a Triplex its going to walk you through the numbers so this property is on uh in our in our Target area of Hamilton Ontario specifically on the Mountain uh suburban area the Realtors were asking for 8.99 900. Now understand that at the peak of the market this house would have gone for well over 1.1 million probably closer to 1.2 million because it was so nice and because it had a fully renovated a two-car garage so they asked was that what we paid we were able to negotiate for our clients uh 75 000 off asking so our clients played 8.25 845 000. so for so our clients are putting down roughly 20 percent down payment theres all these other costs as well understand that they are planning to spend around
