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Study Hall: Insight into Toronto's Real Estate Market from Market Monday's Live Show · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J.
• 0:20
  Speaker 2: Trump's leadership.
• 0:21
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 0:25
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 0:29
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 0:33
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 0:37
  Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
• 0:41
  Speaker 1: and deported.
• 0:42
  Speaker 2: You will never return.
• 0:44
  Speaker 1: But if you register using our CBP home app and
• 0:47
  Speaker 1: leave now, you could be allowed to return legally.
• 0:50
  Speaker 2: Do what's right. Leave now.
• 0:53
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 0:57
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 1:03
  Speaker 4: This episode of The Market Monday's broad Tour is brought
• 1:05
  Speaker 4: to you with limited interruption by Ally.
• 1:13
  Speaker 2: I want to take your banana putter. You face my
• 1:15
  Speaker 2: banana put it's on It's on.
• 1:21
  Speaker 3: I was going to say, will you married.
• 1:40
  Speaker 5: Let's do it, Isaac, oh Loo La Junia. Let's bring
• 1:46
  Speaker 5: about so.
• 1:49
  Speaker 6: Yes, take those Moneys and spread cross families. My sister
• 1:59
  Speaker 6: Hattie and as cousins and TT have the recipe for
• 2:03
  Speaker 6: whatever she wants to do. She might start an institute,
• 2:06
  Speaker 6: she might put both he.
• 2:11
  Speaker 7: I love it.
• 2:12
  Speaker 8: Legacy, legacy, legacy, legacy. Yes, so we're talking about great choice. Yes,
• 2:18
  Speaker 8: so let's get into this.
• 2:19
  Speaker 9: You're doing it at a high level, at the highest level, right,
• 2:24
  Speaker 9: So that's one of the great things were coming to
• 2:26
  Speaker 9: our events, whether it's Don Peebles, whether it's Robert Smith,
• 2:29
  Speaker 9: whether it's Isaac. These are conversations that most of the
• 2:32
  Speaker 9: time most people are not able to have a conversation
• 2:36
  Speaker 9: with you, right, but they're able to have a conversation
• 2:38
  Speaker 9: in sorts by sitting and listening. So thank you for coming.
• 2:42
  Speaker 9: I appreciate it absolutely so. All right, So at twenty
• 2:46
  Speaker 9: eight you decide to start your first development construction project,
• 2:50
  Speaker 9: condo across from the Yorkdale mall right, so let's talk
• 2:54
  Speaker 9: about that. What's the process of you doing the construction
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  Speaker 9: right next to the Yorkdale.
• 2:59
  Speaker 7: Mall Absolutely welcome everyone, evening.
• 3:03
  Speaker 5: No no, no, no, no no, eah no no.
• 3:05
  Speaker 7: No, let's do this again.
• 3:08
  Speaker 5: Make some noise to this brother. Yeah there we go.
• 3:12
  Speaker 7: I love y'all.
• 3:14
  Speaker 5: Yeah, y'all got to turn the end and shy up
• 3:16
  Speaker 5: a little bit.
• 3:16
  Speaker 2: Man.
• 3:17
  Speaker 8: You know, before we start talking about you know, dream
• 3:20
  Speaker 8: residents at York, I want to talk ten years prior
• 3:22
  Speaker 8: to that. It's about twenty years ago I decided to
• 3:25
  Speaker 8: start building an institution. And what does an institution need.
• 3:28
  Speaker 8: Institution needs the ability to fundraise. The institution needs the
• 3:32
  Speaker 8: ability to build partnership, and institution needs individuals to play
• 3:36
  Speaker 8: a role within the institution to execute programs. Twenty years ago,
• 3:41
  Speaker 8: I knew if I was to build an institution strong
• 3:44
  Speaker 8: enough and big enough to have a movement for our community,
• 3:48
  Speaker 8: it has to have three other things. Institutional relationships, a
• 3:52
  Speaker 8: drive of building home ownership, a drive of building small businesses.
• 3:57
  Speaker 8: So with that in mind, we launched Dreammaker twenty years ago.
• 4:01
  Speaker 8: After selling thousands of units across the GTA with our team,
• 4:05
  Speaker 8: we realize we have to be part of the supply chain.
• 4:08
  Speaker 8: We have to be part of the Skylight, we have
• 4:11
  Speaker 8: to be part of the development cycle in Toronto. And
• 4:14
  Speaker 8: that's when we launched dream Maker Development, and then when
• 4:17
  Speaker 8: we launched stream Maker Development, we say, we want to
• 4:19
  Speaker 8: make an impact. If we're going to go big, let
• 4:22
  Speaker 8: there be an impact, so that this building could have
• 4:25
  Speaker 8: a ripple effect that goes beyond me, So that this
• 4:28
  Speaker 8: building could inspire others to say, I could dream and
• 4:31
  Speaker 8: be a developer, I could dream and be a builder.
• 4:34
  Speaker 8: And that's when we decided to locate across the Yorkdale Mall,
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  Speaker 8: a mall that everyone knows. Does everyone know Yorkdale Mall
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  Speaker 8: sat The lady said, yes, this is the first I
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  Speaker 8: was edited first building across Yorkdale Mall, nine story building.
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  Speaker 8: When we bought it, everyone at that time was like,
• 4:54
  Speaker 8: you know, what's the price point at Yorkville. For us,
• 4:57
  Speaker 8: it's all about fundamentals. What were the fundament have that
• 5:00
  Speaker 8: time Yorkdale Mall Oxford private sector was about to put
• 5:05
  Speaker 8: hundreds of millions of dollars to expand the mall.
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  Speaker 7: Fundamental one fundamental.
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  Speaker 8: Two private sector, the digital hospital in partnership with the
• 5:15
  Speaker 8: public sector. Another fundamental, another public sector fundamental the subway
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  Speaker 8: extension from the mall to university. So these were fundamental
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  Speaker 8: factors that said we can't lose at Yorkdale and thank
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  Speaker 8: god we didn't.
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  Speaker 10: That's amazing indicators. Those are the indicators. So my dad's
• 5:37
  Speaker 10: been telling me the invest in real estate. I was fifteen.
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  Speaker 10: I was stupid and didn't listen. Right, shoutut to my dad.
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  Speaker 10: If we want to get into the hotel space or
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  Speaker 10: commercial space, how you're in now, what are like three
• 5:49
  Speaker 10: or four tips you would tell people that you would
• 5:51
  Speaker 10: do starting today to get into the commercial or hotel space.
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  Speaker 7: Location, location, location, right.
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  Speaker 8: Once you understand the location, it's the whole saying, build
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  Speaker 8: it and they'll come.
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  Speaker 7: You know.
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  Speaker 8: When we bought the building across maybe a few minutes
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  Speaker 8: from Pierson Airport, again, location location, it was an old
• 6:09
  Speaker 8: industrial building. It was at the time where everyone was
• 6:12
  Speaker 8: jumping into Airbnb within condo units. But for us, anything
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  Speaker 8: we do, we want to do it from an institutional
• 6:17
  Speaker 8: point of view, from a scalability point of view. So
• 6:20
  Speaker 8: we said, let's get our feet wet with our first hotel,
• 6:23
  Speaker 8: dream Suites at YYZ five minutes from Pierson Airport. Eighteen
• 6:29
  Speaker 8: room boutique. Hotel tech enabled two more floors, so we're
• 6:33
  Speaker 8: going to turn it from eighteen to forty rooms and
• 6:36
  Speaker 8: now we're working on three more hotels with some hotel
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  Speaker 8: partners across Canada and.
• 6:41
  Speaker 7: Clap it up for that police.
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  Speaker 10: It's incredible.
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  Speaker 4: That's incredible. So we've been to the city a few
• 6:50
  Speaker 4: times in each decade. Every time we come there's more development.
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  Speaker 4: Even now while we're downtown, I'm just seeing buildings and
• 6:57
  Speaker 4: I'm seeing infrastructure. And that's why I said, like, industrials
• 6:59
  Speaker 4: is a great sector. If you look at the invests,
• 7:02
  Speaker 4: what makes Toronto so attractive in such a great place
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  Speaker 4: for real estate? Because, like we said, we heard some
• 7:08
  Speaker 4: of the prices, We're like, that sounds like we're in
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  Speaker 4: New York.
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  Speaker 8: What makes it so attractive? Again, it goes back to
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  Speaker 8: the fundamentals. Apart from the public sector private sector investments,
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  Speaker 8: the next fundamental is immigration. Right, So even when the
• 7:23
  Speaker 8: States were going through their issues with the market, Canada
• 7:26
  Speaker 8: was still thriving. Ontario was still thriving because of the immigration.
• 7:31
  Speaker 8: Millions of people come in here. So Toronto's a melting pot.
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  Speaker 8: So then what I figured out seven years ago when
• 7:36
  Speaker 8: we transition also into the VC space, Toronto was also
• 7:40
  Speaker 8: becoming the tech hup Silicon Valley. North Toronto four years
• 7:45
  Speaker 8: ago had more tech hires than Silicon Valley. Those tech
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  Speaker 8: hires are six figure jobs. More six figure jobs than
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  Speaker 8: any major city in North America means more disposable capital.
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  Speaker 8: More disposable capital alongside immigration means a lot of homes required.
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  Speaker 8: And that's why there's a lot of cranes and the
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  Speaker 8: most in the city and the most in North America.
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  Speaker 7: I should say.
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  Speaker 9: So, let me ask you this as far as for
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  Speaker 9: people here right who want to become a real estate
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  Speaker 9: investor or a real estate developer, right, what is some advice?
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  Speaker 9: What are some tips? Was what should they do to become,
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  Speaker 9: you know, a real estate investor and a real estate developer.
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  Speaker 7: So real estate investor.
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  Speaker 8: You know, when we got in twenty years ago, we
• 8:30
  Speaker 8: were pushing pre construction homes, pre construction condos, and the
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  Speaker 8: reason was that it gave you the ability to save
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  Speaker 8: as you put down deposit. You go into a developer
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  Speaker 8: and say, okay, I want to put by this property.
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  Speaker 8: You put down five to fifteen percent or about a year,
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  Speaker 8: and then you were able to save to that. But
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  Speaker 8: then the market has changed. It went from condos, then
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  Speaker 8: it went to stack townhouses, then it went to townhouses, then
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  Speaker 8: back to condos.
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  Speaker 7: So as a real estate investor, you.
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  Speaker 8: Have to have the ability to think long term but
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  Speaker 8: understand their short term wins.
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  Speaker 7: Along the way.
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  Speaker 8: You may get a preconstruction that actually has value by
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  Speaker 8: the time is built and you could sell. But now
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  Speaker 8: we're getting to the market, you have to have the
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  Speaker 8: ability to close on it, rent it out and understand
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  Speaker 8: the rent may not cover it. So you got to
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  Speaker 8: understand this is a short to long term game. Now,
• 9:18
  Speaker 8: if you want to be a developer, so a whole
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  Speaker 8: other animal, a whole other beast. First off, again, you
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  Speaker 8: got to have a long term thinking. You've got to
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  Speaker 8: have the ability to sacrifice. You got to have the
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  Speaker 8: ability to build an army and a team that's willing
• 9:31
  Speaker 8: to cover your blind spots because being a developer, especially
• 9:34
  Speaker 8: in the city, it's not easy. You got to understand
• 9:37
  Speaker 8: all many disciplines. You got to understand the architecture side,
• 9:41
  Speaker 8: you got to understand the engineering side, you got to
• 9:43
  Speaker 8: understand the plan inside, you got to understand the lending side,
• 9:46
  Speaker 8: you got to understand the market. So I came in
• 9:49
  Speaker 8: as a developer through the sales side. So I was
• 9:52
  Speaker 8: selling for major developers, fifty plus developers across the GTA
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  Speaker 8: and I needed more of a challenge. So I said, look,
• 9:58
  Speaker 8: if I could sell the units and I understand the
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  Speaker 8: market from an economic point of view and the fundamentals,
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  Speaker 8: I could put together development and construction team. Obviously, at
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  Speaker 8: twenty eight I had no mentors. I had my dad
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  Speaker 8: who was already in real estate as a broker, but
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  Speaker 8: no development mentor, no builder mentor. But luckily I had
• 10:16
  Speaker 8: allies outside of our community that could open up the
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  Speaker 8: doors for me from the lending side, from the construction site.
• 10:22
  Speaker 8: And we went from doing one condo and as that
• 10:25
  Speaker 8: condo was developing, we built townhouses, we built a built
• 10:28
  Speaker 8: t hotel, we built custom homes, and then we went
• 10:31
  Speaker 8: into apartment buildings and then we started renovating the new
• 10:34
  Speaker 8: law School Lincoln, Alexander.
• 10:37
  Speaker 7: That's amazing.
• 10:41
  Speaker 10: They say good help is hard to find, and I
• 10:43
  Speaker 10: know what took time. But for those who are looking
• 10:45
  Speaker 10: to build a team, can you give them some real
• 10:48
  Speaker 10: advice about what it took to build a team that
• 10:49
  Speaker 10: you have now?
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  Speaker 8: And obviously the biggest thing, like I said, I always
• 10:53
  Speaker 8: look at development and construction like you're building an army.
• 10:56
  Speaker 8: You're going into a war with multiple battles. Maybe one
• 11:00
  Speaker 8: battle you lose, But you gotta look at the big picture.
• 11:02
  Speaker 8: What's the war you're trying to get. What's the war
• 11:05
  Speaker 8: you're trying to accomplish. So on the battlefield, there's shooters,
• 11:09
  Speaker 8: there's defense, there's those that are looking outside, there's those
• 11:12
  Speaker 8: that are looking at the left, looking at the right.
• 11:14
  Speaker 8: You got to know that the individuals that are around
• 11:18
  Speaker 8: you are in it for the long haul, that there
• 11:20
  Speaker 8: will be not failures, lessons learned, and they were able
• 11:24
  Speaker 8: to pick up those lessons learn and build on top
• 11:27
  Speaker 8: of it. So that's the biggest thing, whether they're ready
• 11:29
  Speaker 8: to sacrifice. It could be friends, family, could be outside
• 11:32
  Speaker 8: your community, outside your family. The keyword sacrifice for a
• 11:34
  Speaker 8: long term thinking. So you started at twenty one, you
• 11:38
  Speaker 8: got your first brokerage.
• 11:40
  Speaker 4: At twenty five, you launch your right and so you're
• 11:42
  Speaker 4: doing residential, you're doing commercial. What made you decide to
• 11:46
  Speaker 4: say I want to go into the hotel space.
• 11:49
  Speaker 7: What was that process like, what was the thinking behind that?
• 11:52
  Speaker 8: So the first few people know the first condo that
• 11:55
  Speaker 8: I bought downtown that was the first residential hotel condo
• 11:58
  Speaker 8: in the city was at.
• 11:59
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• 13:52
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 13:55
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 14:00
  Speaker 1: used of murdering a Texas. Man of Venezuelan charged with
• 14:03
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 14:07
  Speaker 1: some of the heinous migrant criminals caught because of President
• 14:11
  Speaker 1: Donald J.
• 14:12
  Speaker 2: Trump's leadership. I'm Christy nom the.
• 14:14
  Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
• 14:19
  Speaker 1: illegal border crossings are at the lowest levels ever recorded,
• 14:23
  Speaker 1: and over one hundred thousand illegal aliens.
• 14:25
  Speaker 2: Have been arrested. If you are here illegally.
• 14:28
  Speaker 1: Your next you will be fined nearly one thousand dollars
• 14:32
  Speaker 1: a day, imprisoned, and deported.
• 14:34
  Speaker 2: You will never return.
• 14:36
  Speaker 1: But if you register using our CBP home app and
• 14:39
  Speaker 1: leave now, you could be allowed to return legally.
• 14:42
  Speaker 2: Do what's right. Leave now.
• 14:45
  Speaker 1: Under President Trump America's laws, border and families will be protected.
• 14:49
  Speaker 3: Sponsored by the United States Department of Homeland Securities.
• 14:52
  Speaker 8: So when I bought that unit, that was way before Airbnb,
• 14:56
  Speaker 8: So that was my first dive into residential condos with
• 15:00
  Speaker 8: a hotel feel.
• 15:01
  Speaker 7: So I'm like, oh, this is interesting.
• 15:02
  Speaker 8: And then a few years later I bought a few
• 15:04
  Speaker 8: more units and try it, and then Airbnb game popular.
• 15:07
  Speaker 8: And then when we built our building across of York Tale,
• 15:09
  Speaker 8: we did every step to work it as sort of
• 15:12
  Speaker 8: an Airbnb condo. But I have to feel like, Okay,
• 15:15
  Speaker 8: you know what, this is not scalable. So that's when
• 15:18
  Speaker 8: we start to look for a digital hotel, look for
• 15:21
  Speaker 8: a building that we could turn into a digital hotel.
• 15:23
  Speaker 8: But the reality is I'm not from the hotel space,
• 15:26
  Speaker 8: so I always like to learn a bit before I scale.
• 15:29
  Speaker 8: So we felt the Boutique Hotel was a small enough
• 15:33
  Speaker 8: piece to start with and basically run it off of Airbnb,
• 15:37
  Speaker 8: run it off of Expedia, and get to learn the
• 15:40
  Speaker 8: operation of a hotel. And now well this is where
• 15:45
  Speaker 8: understanding challenges. So we had DJNVCRDI to launch our hotel
• 15:51
  Speaker 8: December of twenty nineteen.
• 15:53
  Speaker 7: In March of twenty twenty.
• 15:55
  Speaker 8: COVID hit ooh, but this is why you got to
• 15:58
  Speaker 8: have a team that has a long term place. Fortunately,
• 16:01
  Speaker 8: I had a core team that had a long term
• 16:03
  Speaker 8: play with our hotel vision. And now the biggest industry
• 16:07
  Speaker 8: to be in is the hotel space as the market
• 16:10
  Speaker 8: is coming after COVID.
• 16:12
  Speaker 9: So let me ask you this affordable housing and rental
• 16:15
  Speaker 9: space that you've entered, right, what's the process.
• 16:19
  Speaker 8: So with affordable housing, we were fortunate we launched Dream
• 16:22
  Speaker 8: Affordable Housing. We're working closely with the federal government and
• 16:26
  Speaker 8: in partnership with the federal government CNAC, we launched a
• 16:30
  Speaker 8: first housing program in Canada for the black communities two
• 16:34
  Speaker 8: hundred homes.
• 16:42
  Speaker 7: Two hundred homes.
• 16:42
  Speaker 8: But the funny thing is that the federal government only
• 16:45
  Speaker 8: funded us for two hundred homes. But through our foundation
• 16:48
  Speaker 8: Dream Legacy, we had over a thousand applicants that came
• 16:51
  Speaker 8: through through to show the demand. So now we've been
• 16:53
  Speaker 8: talking with the government said we need funding for more
• 16:56
  Speaker 8: than two hundred, but more importantly, we need to be
• 16:59
  Speaker 8: part of the supply that's complete in the two hundred homes.
• 17:02
  Speaker 8: So we recently launch a skilled trade certificate program with
• 17:06
  Speaker 8: the university to train one thousand black businesses in skill trades.
• 17:14
  Speaker 5: That is incredible.
• 17:18
  Speaker 10: I know it's a buzzword now, but can you talk
• 17:20
  Speaker 10: to us why generational wealth is so important, especially with
• 17:24
  Speaker 10: inflation and it seems like the world is changing so fast.
• 17:27
  Speaker 8: It's so important because of you know, it's access, it's relationships,
• 17:31
  Speaker 8: it's ability to live, its ability to create wealth, it's
• 17:35
  Speaker 8: ability to create internship, opportunity, employment, its ability to have
• 17:40
  Speaker 8: a sustainable community. You can't have a sustainable community without
• 17:44
  Speaker 8: having the aspect of generational wealth. You can't have the
• 17:48
  Speaker 8: path of generation.
• 17:50
  Speaker 7: You can't have a sustainable a.
• 17:51
  Speaker 8: Sustainable economic community. So you can't be economically strong as
• 17:56
  Speaker 8: a community and as an individual unless you have generational wealth.
• 18:01
  Speaker 8: But as a community, unless you have those three things
• 18:04
  Speaker 8: institutional relationship, driving home ownership, and building more small businesses.
• 18:09
  Speaker 8: If you don't have that as a community, the community
• 18:11
  Speaker 8: will never get on the path for economic wealth. You
• 18:14
  Speaker 8: look into the States and you see all these situations
• 18:16
  Speaker 8: that happened. You see what has happened to break generational
• 18:22
  Speaker 8: wealth and how did they break it. They were breaking
• 18:26
  Speaker 8: it through institutions. They were breaking it through small businesses
• 18:29
  Speaker 8: that were being created. They were breaking it through homeownership.
• 18:32
  Speaker 8: Once you solve those three things, there'll be more wealth
• 18:35
  Speaker 8: creating the community because the small businesses that creates wealth.
• 18:39
  Speaker 7: It's investment opportunities that create wealth.
• 18:42
  Speaker 8: There'll be more education on taking disposable capital and being
• 18:45
  Speaker 8: on the CAC table.
• 18:47
  Speaker 4: You brought up education, which is always dear to my heart,
• 18:50
  Speaker 4: and you talked about creating the certification programs that have
• 18:53
  Speaker 4: more professionals in different careers. But you've also started a
• 18:57
  Speaker 4: fund and you created a incubated for black tech founders.
• 19:01
  Speaker 4: I know you talked about the hub of Toronto being
• 19:05
  Speaker 4: the Silicon Valley of the North. Talk about the fund
• 19:08
  Speaker 4: and get the thought process and getting that off the ground.
• 19:11
  Speaker 7: So it's funny.
• 19:12
  Speaker 8: I was listening to Robert Smith, it's probably on your show,
• 19:15
  Speaker 8: and you know it was talking about technology cuts across
• 19:18
  Speaker 8: all industries and we saw that during COVID so seven
• 19:21
  Speaker 8: years ago, through our foundation, we gave a gift to
• 19:24
  Speaker 8: the university, the Isaac o Laffe Digital Media Lab, and
• 19:27
  Speaker 8: when we did that, we got exposed to the tech see.
• 19:30
  Speaker 8: So I walked in, I'm like, this is amazing. And
• 19:32
  Speaker 8: I started to do more research and saw that Toronto
• 19:34
  Speaker 8: is becoming the next Silicon valley North. So I started
• 19:38
  Speaker 8: Dreammaker Ventures, investing in a bunch of tech companies. But
• 19:41
  Speaker 8: then what was interesting about four or five years ago,
• 19:44
  Speaker 8: I'll go into events like this, but more tech focused,
• 19:49
  Speaker 8: and no one from our community was there. And I
• 19:51
  Speaker 8: didn't understand why. In the construction space I understood it,
• 19:54
  Speaker 8: development space I understood, but in the tech I didn't
• 19:56
  Speaker 8: understand it. So we went back to the university DMZ,
• 19:59
  Speaker 8: which is the the largest tech incubator in the world
• 20:02
  Speaker 8: out of a university, and we said we got to
• 20:04
  Speaker 8: create more seats. So we raised a million dollars with
• 20:07
  Speaker 8: the Canadian Women's Foundation because fifty percent have to be
• 20:10
  Speaker 8: women led tech companies, with Demo Institution, with Shopify, the
• 20:14
  Speaker 8: biggest tech company, and with dream Legacy Foundation, and we
• 20:17
  Speaker 8: launched the first black tech incubator in Canada. But it
• 20:26
  Speaker 8: continues because incubation and mentorship. The black community has done
• 20:30
  Speaker 8: that enough. So when COVID hit, a lot of the
• 20:33
  Speaker 8: institutions again institutional relationships reached out and said, Okay, what
• 20:37
  Speaker 8: can we do. We see what's happened in the stage,
• 20:39
  Speaker 8: we see the Black Lives Matter movement? What can we do?
• 20:41
  Speaker 8: Do we need more sponsorship? Do we need sponsored this event?
• 20:44
  Speaker 8: And like we have enough events, we have enough gallas,
• 20:48
  Speaker 8: We need a fund, we need institutional fund. There's billions
• 20:51
  Speaker 8: of dollars going to tech founders, less than zero percent
• 20:54
  Speaker 8: is going to black lad founders. So we launched the
• 20:57
  Speaker 8: very first institutionally back venture fund called BKR Capital. Twenty
• 21:02
  Speaker 8: million dollar fund invested in eighteen tech companies.
• 21:10
  Speaker 5: So talk about the power of collaboration.
• 21:12
  Speaker 9: We were talking backstage about that because that cross acrosses
• 21:16
  Speaker 9: all genres, whether you're talking about investing, real estate, business,
• 21:20
  Speaker 9: collaboration is the key to success.
• 21:22
  Speaker 5: So you have a personal experience with that, right, talk
• 21:25
  Speaker 5: about that.
• 21:26
  Speaker 8: Collaboration is so key in every step we've been able
• 21:29
  Speaker 8: to get to is because we've been collaborated with individuals
• 21:32
  Speaker 8: that understand the vision that we have and understand the
• 21:35
  Speaker 8: work and the sacrifice we're willing to take to get
• 21:37
  Speaker 8: to it. So for us to go from building a
• 21:40
  Speaker 8: couple of hundred units to go to one thousand units,
• 21:43
  Speaker 8: we even need more of a larger collaboration. So we're
• 21:45
  Speaker 8: now trying to collaborate with those within the community, those
• 21:48
  Speaker 8: outside the community, so that we could create a consortium.
• 21:51
  Speaker 8: A consortium that could go to Jane and Finch and
• 21:54
  Speaker 8: redevelop it. A consortium that could go to Woodbind Racetrack,
• 21:58
  Speaker 8: which is going to be one of the spots for
• 22:00
  Speaker 8: the World Cup and redevelop it. A consortium that could
• 22:04
  Speaker 8: go to the Scarborough Golden Mouth they're going to be
• 22:05
  Speaker 8: putting up twenty towers and be part of the companies
• 22:08
  Speaker 8: that redevelop it. That could only come through collaboration. So
• 22:12
  Speaker 8: we're big on collaboration because we want to make big
• 22:14
  Speaker 8: impact really quick.
• 22:16
  Speaker 10: How can we and everyone to hear collaborate with you
• 22:19
  Speaker 10: if we want to get wealthy and real estate.
• 22:22
  Speaker 8: So again I always tell everyone now that honestly, five
• 22:24
  Speaker 8: to ten year play with us and you'll be wealthy.
• 22:28
  Speaker 8: There's individuals that've been with us from day one and
• 22:31
  Speaker 8: they're wealthy. They spend off and create their own companies
• 22:35
  Speaker 8: that plugs into what we're doing. Whether you want to
• 22:38
  Speaker 8: be on the management side, on the investment side, on
• 22:40
  Speaker 8: the buying side, on the mortgage side, now on the
• 22:44
  Speaker 8: insurance side through Dream Insurance, whether you want to get
• 22:47
  Speaker 8: access to the tech side through our venture fund. We're,
• 22:50
  Speaker 8: like I mentioned, we're creating an institution. An institution is
• 22:54
  Speaker 8: meant to be bigger than the individual that create an institution.
• 22:57
  Speaker 8: An institution is meant to be able to plug in,
• 23:00
  Speaker 8: have individuals plug in and take a piece and grow
• 23:04
  Speaker 8: based on that institution. So we're going to be launching
• 23:07
  Speaker 8: several development sites. There's a massive development going on in
• 23:10
  Speaker 8: colling Wood right beside Blue Mountain. We're doing a development there.
• 23:14
  Speaker 8: We're launching another development in Woodbridge of fifteen story building
• 23:18
  Speaker 8: where we're going to be opening up in the summertime.
• 23:21
  Speaker 8: And then in Simple just north of the city, we'll
• 23:23
  Speaker 8: be launching another sixty seven townhouses starting from the mid
• 23:26
  Speaker 8: six hundreds and flapping up for them.
• 23:31
  Speaker 4: I got one last thing, and after I got one
• 23:34
  Speaker 4: last thing, one last thing, because you talked about relationships
• 23:37
  Speaker 4: and talk about how long that took to develop. Because
• 23:41
  Speaker 4: you said the federal government is somebody that you work with.
• 23:43
  Speaker 4: Obviously you work with institutions as well. How long did
• 23:46
  Speaker 4: it take to develop these relationships and knowing the relationship
• 23:49
  Speaker 4: using that as leverage to meet meet the needs of
• 23:52
  Speaker 4: the people.
• 23:53
  Speaker 8: Honestly, it took me twenty years to get to where
• 23:56
  Speaker 8: I am. But it doesn't have to take each of
• 23:58
  Speaker 8: you twenty years because we built the institution, and now that
• 24:00
  Speaker 8: allows you to plug in. When you walk into a university,
• 24:04
  Speaker 8: you instantly get what they've been building for decades. When
• 24:08
  Speaker 8: we built the first Black Tech incubator, there was a
• 24:11
  Speaker 8: reason why we didn't build it in our office across
• 24:13
  Speaker 8: York Deale or in one of our other buildings. We
• 24:16
  Speaker 8: built it within an institution so we could leverage the
• 24:20
  Speaker 8: decades of infrastructure that they built. So instantly we went
• 24:24
  Speaker 8: from ten founders a year to over one thousand black
• 24:28
  Speaker 8: led founders that have gone through our program. But that's
• 24:31
  Speaker 8: a thousand black lib founders that are now able to hire,
• 24:34
  Speaker 8: they're now able to mentor black youth boys and girls.
• 24:44
  Speaker 9: And so what I was going to say is like
• 24:48
  Speaker 9: piggybacking off what you said previously.
• 24:50
  Speaker 5: A lot of times.
• 24:52
  Speaker 9: You can walk through a hallway in school, right and
• 24:55
  Speaker 9: you can write the answers to the test on the lockers,
• 25:00
  Speaker 9: and nobody will read it because it's too obvious.
• 25:03
  Speaker 5: It's in plain sight.
• 25:05
  Speaker 9: We're psychologically trained to look for more complicated things. That's
• 25:08
  Speaker 9: why I even said with the ETF. So as you
• 25:11
  Speaker 9: guys heard him, I don't know what you heard. But
• 25:14
  Speaker 9: when I'm listening and he's naming all of these developments
• 25:17
  Speaker 9: that he's building in Scarborough and over here, So what
• 25:21
  Speaker 9: does that tell you, right that change is coming?
• 25:25
  Speaker 5: Yes, these are places that if he's.
• 25:28
  Speaker 9: Investing millions of dollars into new buildings and new facilities
• 25:32
  Speaker 9: and different things, wanting new towers, what does that tell
• 25:35
  Speaker 9: you Ian you should building those places? I should be
• 25:38
  Speaker 9: in the neighborhoods. That's where the investment is going, right.
• 25:41
  Speaker 9: You don't have to be a genius to figure that out.
• 25:43
  Speaker 9: So we want to thank Isaac for coming, giving around
• 25:48
  Speaker 9: the floors.
• 25:49
  Speaker 5: Toronto's flap it up for us, brother, come on.
• 25:52
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 25:56
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 26:00
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 26:04
  Speaker 1: filming and selling child pornography in Michigan.
• 26:07
  Speaker 2: These are just.
• 26:08
  Speaker 1: Some of the heinous migrant criminals caught because of President
• 26:12
  Speaker 1: Donald J.
• 26:12
  Speaker 2: Trump's leadership. I'm Christy Noman, the.
• 26:15
  Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
• 26:19
  Speaker 1: illegal border crossings are at the lowest levels ever recorded,
• 26:23
  Speaker 1: and over one hundred thousand illegal aliens have been arrested.
• 26:26
  Speaker 1: If you are here illegally, your next you will be
• 26:30
  Speaker 1: fined nearly one thousand dollars a day, imprisoned, and deported.
• 26:34
  Speaker 2: You will never return.
• 26:36
  Speaker 1: But if you register using our CBP home app and
• 26:39
  Speaker 1: leave now, you could be allowed to return legally.
• 26:42
  Speaker 2: Do what's right. Leave now.
• 26:45
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 26:50
  Speaker 3: Sponsored by the United States Department of Homeland Security.