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Investing in Canadian Apartment Buildings: A Cross-Border Discussion with Matthew Ablakan

by Jonathan Twombly
Last Updated: January 31, 2024

📌Check out the Millennial’s Choice show on YOUTUBE

In this episode of the Apartment Investors Podcast, host Jonathan Twombley chats with Matthew Ablakan, a Canadian real estate professional and entrepreneur with substantial experience in apartment investing.

Matthew offers insights into Ontario’s unique pre-construction real estate market, which offers immense possibilities for longer-term investors and is protected by substantial governmental regulations.

The guest also talks about his new venture into condo development and how his diversified company not only assists clients with real estate investment but also deals with mortgages and insurance.

🖋️ Some key points:

(01:00) Matthew’s Journey into Real Estate
(03:12) Understanding Pre-Construction Real Estate
(06:12) Matthew’s First Real Estate Deal
(12:26) Expanding the Business: Mortgages and Life Insurance
(14:52) Navigating the Business through COVID-19
(17:43) The Importance of Going All In and Building a Solid Reputation
(19:09) Starting a Business and Tax Benefits
(19:49) Challenges and Success in Establishing a Brokerage
(20:45) The Freedom and Challenges of Entrepreneurship
(21:34) Investment Strategy and Foreign Restrictions
(22:53) The Cost and Tax Implications of Foreign Investment
(24:10) The Hustle: From Childhood to Entrepreneurship
(27:31) Venturing into Condo Development
(32:55) The Power of Podcasting and Networking
(37:07) Final Thoughts and Contact Information

📑More about Matthew Ablakan

Matthew Ablakan’s journey began at a very young age where trading Pokémon cards began to teach him a variety of skills such as how to Negotiate and the importance of Demand and Supply. As he entered High School, Matthew began to sell Jansport Backpacks, Hair Straighteners and Dog-Tags to his peers. He began to dabble into Mutual Funds on a small scale and began learning more about Investing. Upon entering University, Matthew worked part-time jobs as a cook, waiter and manager of a couple of restaurants in order to help pay for his tuition. Chuck E Cheese, Johnny Rockets and Lucky Strikes taught Matthew many valuable lessons in communication, hard-work, honesty and transparency. It was in those early years that Matthew began to learn more about Real Estate and Invested in his first Pre-Construction Condo at the age of 19 with zero help from his immigrant parents, using a flexible deposit payment plan and part of his student loan.

Matthew is the Founder & Owner of the Millennial’s Choice Group of Companies; a Real Estate, Mortgages, Insurance and Education brand. To better benefit his clients, Matthew has earned numerous degrees including, a Bachelors in Education, a Honourary Degree in Law & Society, a Real Estate Brokers License, a Mortgage Brokers License, & a Life Insurance Agent License. Education & Financial Literacy are important facets to the success of Millennial’s Choice. Matthew’s track record exudes his professionalism, experience, & most important, his persistent care for each and every one of his clients.

🌎Reach out to Matthew Ablakan

Personal Website
Millennial’s Choice

🌎Reach out to Jonathan Twombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly

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🔅 Previous Episodes on Apartment Investor’s Club

Going From Working In Hospitality To Multifamily Investing & Hotel Conversions With Charlie Rushton

Hotel Conversions To Multi Family Housing With David Peters

🎤 Podcast post-production EZPZ Podcasting



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