As we approach the end of 2018, LEGACY is preparing for the changes facing the real estate industry in 2019.

Canada is currently experiencing a massive intergenerational wealth transfer and people are investing in real estate more than ever before. Digitization – including blockchain, cryptocurrency and Artificial Intelligence – is lending itself to this movement and transforming the way business is done in the real estate industry.

Forbes reports that blockchain will revolutionize real estate in the new year through tokenization, smart contracts and property title.

  • Tokenization allows investors to buy or sell off their share in a property, which is stored as a token on the blockchain. It also provides investment opportunities to people who may not have been able to invest otherwise by enabling them to buy smaller shares.
  • Smart contracts eliminate intermediaries by allowing transactions to be completed directly between the buyer and seller. This saves time, reduces costs and prevents fraud.
  • Blockchain can consolidate property data, allowing buyers to efficiently research a property’s history. According to Forbes, this could potentially wipe out the need for title insurance – saving investors additional time and money.

LEGACY is forward-thinking and focused on helping investors embrace the future in order to grow and bolster their portfolios. We’re keeping an eye on blockchain’s growing role in real estate transactions and are eager to utilize (and share) its advantages.

To read the full Forbes article, “Three Ways Blockchain Technology Will Revolutionize Real Estate in 2019”, please click here.

LEGACY is the world’s first Real Estate Investment Advisory company. We are a full-service firm that helps you find yourself benefiting from the results of meeting your financial goals.

Our unique & proprietary process defines, shapes and configures one’s financial future by design achieved through profiling, planning, preparing and partnering inside the realm of real estate.

How can we help you?

As we move further into the Futurization of Real Estate, Artificial Intelligence (AI) is transforming and enhancing real estate transactions for both buyers and real estate professionals.

Merriam-Webster defines Artificial Intelligence as “the capability of a machine to imitate intelligent human behaviour.” According to CNBC, AI is the latest competition for real estate agents. While real estate has always been very relationship-driven, computers can process and analyze thousands of data points, targeting and assisting buyers in a way that humans can’t. AI improves efficiency, reduces costs, and can act as a round-the-clock source of information and support.

However, many people still prefer to deal with an actual person when purchasing a property. For that reason, AI is very effective when it is utilized together with real-life agents. AI can also assist agents themselves by automating work and increasing productivity.

How LEGACY Is Embracing AI

LEGACY’s Artificial Intelligence Digital Advisor (AIDA) is our way of utilizing AI to assist you and our LEGACY Real Estate Investment Advisors (LREIAs). AIDA is on every LREIA’s Personal Marketing Page to direct visitors, answer questions, and identify each person’s unique interests and needs.

LEGACY is the world’s first Real Estate Investment Advisory company. We are a full-service firm that helps you find yourself benefiting from the results of meeting your financial goals.

Our unique & proprietary process defines, shapes and configures one’s financial future by design achieved through profiling, planning, preparing and partnering inside the realm of real estate.

How can we help you?

Blockchain could take over the commercial real estate industry because it allows for seamless and secure transactions, offering a level of transparency and efficiency that is especially important in real estate.

Commercial real estate services company Cushman & Wakefield recently reported that while the adoption of blockchain and cryptocurrency in commercial real estate is still in its early stages, it is expected to become widely adopted in the next decade. According to the company’s Americas Head of Research Revathi Greenwood, “As operational hurdles are addressed, convergence with other technologies grows and questions over scalability are answered, we expect blockchain to influence and impact commercial real estate across several verticals.” Cushman & Wakefield says that blockchain could improve asset management, property searches and smart contracts.

Now is the perfect time to embrace this new technology so you can prepare yourself for what the future holds for commercial investors. Blockchain increases stability and productivity, and enhances everything from due diligence to lease management, which will impact the commercial real estate sector on a global level.

Click here to read Cushman & Wakefield’s full report.

Blockchain technology and artificial intelligence (AI) are reshaping the real estate industry by increasing transparency, efficiency and accuracy while reducing risks and unnecessary costs.

According to a recent article in The Financial Post, “How blockchain and artificial intelligence will reshape real estate”, new technology will change the way real estate operates by making data easily accessible to interested parties. Blockchain aggregates information about a property, from previous owners to structural details, cutting down on wasted time and money by eliminating intermediaries.

Machine learning algorithms also improve predictive analytics by eradicating human error and bias when determining the value of a property. Accuracy is especially important, amplifying the need for high quality algorithms and data that blockchain can provide. According to The Financial Post, AI is a replication of how the human brain operates, so it strongly relies on this data in order to be effective.

As much as blockchain and AI are taking over the real estate industry and real estate professionals need to ensure they are prepared, it is understandable that people still have a lot of questions and uncertainty. Real estate is an industry full of emotions and many wonder how AI could ever truly replace this. How do you feel about blockchain and AI? Are you prepared to embrace it or do you need to learn more before you will be ready to utilize it?

The confluence of wealth management, advisory and technology is transforming the real estate industry. Artificial intelligence, robo-advisory, blockchain technology, cryptocurrency, big data and machine learning are changing the industry landscape as new technologies become available to consumers and alter the value equation in the provision of real estate services.

According to the expert sources cited in the whitepaper The Rise of Real Estate Investment Analytics, commissioned by LEGACY, artificial intelligence began to impact wealth advisory and management in 2008, when the first robo-advisories were founded. Robo-advisories allowed products to be delivered directly to consumers without intermediaries or additional fees. They represent a new wave of financial advice and investment management firms. states that robo-advisories “automate asset allocation and portfolio management, giving mainstream investors access to a service once reserved for high-net-worth individuals.”

Platforms that provide seamless, fast and convenient interaction have replaced traditional ways of doing business and interacting with clients in many industries. People have high expectations, and it is necessary for real estate professionals to keep up with the world of new technology in order to create value for clients.

Artificial intelligence captures big data and analyzes it for insights, which has a tremendous impact on modern business. Predictive analytics looks at past and future trends to figure out what may happen next and what decisions need to be made. It provides precise forward-looking insight, as well as the ability for fast and actionable insight, which allows businesses and professionals to predict the future using algorithms.

LEGACY’S REIAnalytica tool captures big data in real estate and offers investors present and future scenarios to trigger investment decisions. It also uses big data to build and manage portfolios, helping investors decide the best time to exit, and it eliminates siloed content by aggregating big data into one service. LEGACY is constantly looking into the future of real estate and created REIAnalytica as a result of the education and certification of the Real Estate Investment Advisor. It has gotten a head start in the marketplace and has a competitive advantage. Critical information in real time is at the fingertips of the investor, home buyer, realtor and researcher. The application of REIAnalytica is global in potential and with new iterations will always be a product at the forefront of the real estate industry.

To read the full whitepaper, please click here.

REIAnalytica Whitepaper

You have spent decades building, preserving and protecting your real estate portfolio. However, times have changed and markets are evolving to the point that in order to succeed, you need to evolve with them. The methods you have always used may not be the best methods to use now. It’s one thing to get into real estate, but it’s another to stay in it in a meaningful and profitable way.

Get Your Real Estate Investment Portfolio Reviewed for FREE!

LEGACY is introducing Portfolio Review – a real estate portfolio assessment service that is the first of its kind in Canada. This complementary service just launched and is available online only right now. At LEGACY, we care about your financial future and believe you should live yours by your own design.

We know investing in real estate is a more daunting task now than ever before. Portfolio Review will provide a second opinion to help you understand if you are in the right markets and if you are positioned to mitigate risks, leverage opportunities, and prosper now while building a LEGACY for future generations.

Our four promises to you:

  1. We’ll identify the dangers confronting your portfolio given the risks we see on our radar. From market and economic risks to political and housing risks, we’ll assess your portfolio using the data and research we have compiled.
  2. We’ll define and measure the opportunities within your portfolio that you may not be taking full advantage of (or even be aware of!) We’ll look at the market, economic, investor and international buying environments your portfolio is in to measure, gauge, respect and leverage them.
  3. We’ll assess the strengths of your portfolio so we can zero in and help you continue doing what works well in each market based on the latest financial metrics. We want to ensure your portfolio’s strengths keep serving you, not robbing you.
  4. We’ll take an expansive view of your portfolio, analyzing what it could look like in the long term. Your portfolio may be strong now, but we want it to be strong forever. Taking the dangers, opportunities and strengths we have identified into account, we’ll look at what your portfolio needs to survive and prosper for the next five, ten and more years.

By getting your portfolio reviewed by us, you’ll have what it takes to leverage it and succeed in real estate, now and in the future. This isn’t just a conversation about your portfolio – it’s a conversation about you AND your portfolio. We don’t want you to just live and lead a financial LEGACY, we want you to leave one.

Unlike the United States and many other countries, Canada does not have an inheritance tax. The absence of this tax creates two arguments, one in support of introducing a tax and one against.

Those who support the implementation of an inheritance tax argue that not having one fuels inequality. According to economist David Macdonald of the Canadian Centre for Policy Alternatives, “A family’s stock of wealth can accumulate not just over a single lifetime but over generations, through inheritance, which further widens whatever income gaps may have existed on an annual basis.” They essentially believe it enables the rich to get richer instead of putting the money back into the economy.

In contrast, those who argue against an inheritance tax say that not having one encourages investments, stimulates the economy, and boosts wages and government revenues over the long term. They believe an inheritance tax is counterproductive to reducing wealth inequality.

Real estate investors who are working to build a nest egg to pass onto their families via an inheritance should pay close attention to this ongoing debate. Having a support team that includes an accountant is a great way to ensure you are informed and can make the best possible decisions for your business. Regardless of your stance, it is important to stay active in politics and be aware of changes to the tax code that could impact your real estate holdings.

Perhaps even more pressing for real estate investors, there is a call from the Canadian Centre for Policy Alternatives for the elimination of the 50% tax break on capital gains, which impacts flip and fix investors and long-term holders of real estate when they sell.

To read the original article, click here.

Adversity can strike at any time. Whether it is emotionally, physically, financially or intellectually, adverse events don’t schedule themselves into our lives. They don’t knock on the door and ask us if we’re ready to have our world turned upside down, politely turning away when we say “no thanks”. While we may not want to think about it, the reality is that bad things do happen. Although we aren’t able to predict the future, we can prepare for it to help shield ourselves from the impact of life’s hardships.

What Could Go Wrong is a must-read for real estate investors that will help them disaster-proof their lives. Based on extensive research, this set of statements on the adverse events that can measurably and calculably happen in your life will enable you to prepare you for the worst. It discusses events that commonly go wrong for real estate investors and will equip you with the understanding you need to embrace and await adversity, as well as the ability to equip others with the same insight and preparedness.

Although some things are out of our control, having a plan isn’t. By being unprepared, you are setting yourself up to fail. What Could Go Wrong covers everything from assessing your financial fitness to ensuring you have the proper insurance. Developing a plan will allow you to respond promptly and optimally to hardships, mitigating their negative effect on your life and possibly even eliminating some adversities before they occur.

To receive a PDF of What Could Go Wrong and start disaster-proofing your life today, click here.


The future of real estate is here.

In partnership with RESAAS Services Inc., REIN is thrilled to announce we are developing an app that will allow real estate investors to discover and share real estate investment properties within the REIN network.

With the increasing demand for not only real estate information but real estate intelligence, the common methods for finding properties are becoming increasingly irrelevant. With our app, slated for release in late 2018, you will have direct and convenient access to a network of investors and property listings on any mobile device. The app will present in 22 languages and opportunities are expressed in over 45 currencies.

The real estate world is evolving to the point that technology is a necessary part of doing business efficiently. (Anthony Donaghue’s Born2Invest article – “Is technology replacing real estate agents?” – is worth a read!) RESAAS is a cloud-based and blockchain technology platform that enables real estate brokerages, franchises and associations to bring real-time communication, new business opportunities and unique data to their agents on a global basis, making it a perfect partner for our app. We are excited to be utilizing RESAAS technology to give you more power over your own portfolio.

As technology continues to advance, we want to be on the cutting edge of change and are looking forward to sharing this new platform with you.

Real estate entrepreurs are under attack from all sides – yet THEY have provided the rental market supply, while the big players have focused on condo buildings to fill the sales demand.

In fact, it seems that the narrative that surrounds the terms ‘real estate investor’ and ‘entrepreneur’ in Canada has been changed from ‘thank goodness we have them’ to ‘they are the problem in this world.’  And that has happened so quickly, in less than a year, that it has people’s heads spinning.

Spinning because these independent investors and entrepreneurs decided to grab control of their family’s lives, their finances, their retirement plans. They decided that taking personal responsibility for their lives. They have educated themselves, taken risks, won some battles and lost others.

Many, if not most, didn’t have the goal to get ultra-rich, their goals were more modest such as paying for their children’s University, helping their aging parents live a comfortable life, travelling to experience the world, giving their families a financial foundation they never had.

But suddenly these modest goals have been re-positioned in the government hallways, and some media outlets, as being greedy,  as be un-Canadian as being wrong.

Let me state, right here and now, that taking responsibility for your own financial futre is NOT wrong. It never has been and never should be. We should be celebrating those who are brave enough to take chances, who get through the sleepless nights, who work those 18 hour days, day after day (with no overtime pay), who raise money for their favorite charity because the want to, not because it is mandated at their work place.  The path they chose can be a dark and lonely path. A journey that some begin but never finish; a journey that is not for everyone.  A journey that is fraught with potholes and unforeseen twists and turns.

The Inevitable Twists & Turns

Some of the more recent unforeseen twists and turns have come from dramatic changes in government policies and government pronouncements.  Some of which are a direct attack on these entrepreneurs. Whether it be provincial rule changes on rental properties or federal rules on taxation some of which contradict and counteract each other. Or tightening of rules on rental property financing.

And that is why, at the Real Estate Investment Network, we have celebrated and supported real estate and business entrepreneurs for the last 26 years.  It is also why we continue to evolve as a company we shift ahead of the markets. We introduced a finance center long before it became publicly obvious that the finance rules were going to change (nice having insider information). And there are many more evolutions ahead for REIN and its members.  Let us celebrate the independent spirits along their journey. They have taken control of their future and we will continue to evolve to support them in this important journey of ‘taking responsibility.’

Celebrations are not about Fireworks & Trophies

When I say celebrate I mean much more than public celebrations. Celebrations occur in the private consulting calls we have with members as they share their fears, their accomplishments, their excitement and their mistakes.

Celebrations are had when Members share the stories of their journeys to help others find the motivation to push through.

Celebrations  are had when new knowledge, new research, new strategies are released that, even with a small and simple adjustment, helps the Member move forward.

And sometime celebrations are had just because one had an understanding and experienced Member willing to listen, when others wouldn’t.

I Define Celebration as Supporting

It looks like these small celebrations are going to be needed now more than ever.   CMHC’s recent survey discovered that almost 50% of rental properties in Canada are held by independent investors.  That is a remarkable positive impact these entrepreneurs and risk takers have been having on the Canadian economy.  Remove those 50% and you would have a rental crisis that would ripple from the streets of every city all the way to the halls of Parliament.

The government policy makers may not celebrate this important fact as they change the rules of the game, but we at REIN sure do.  And THAT is why we must celebrate the independent ‘real estate investors’ and ‘entrepreneurs’ across this country.  They have modest financial dreams, they have taken responsibility for their lives, they are providing much needed housing across this country.

THEY are the true responsible leaders right now. Let us help them continue to lead!