Dear Valued Clients,

As 2025 begins, we at TCS would like to express our gratitude for your continued trust and partnership. Last year was a year of transformation, resilience, and opportunity in the real estate market, and we are thrilled to share our 2024 Year-End Client Report with you.

The real estate markets in Toronto and Miami have demonstrated their unique strengths this year amidst shifting economic and political landscapes. In Toronto, the market faced challenges with rising interest rates and tightening supply, including a forecasted drop in annual new condominium completions to just 6,000 units by 2026. This report features a look at the expected supply crunch (not just the current predicament but the worsening situation) of housing (specifically condos), which underscores the potential of strong returns for investors with holdings in this market or those planning to acquire soon.

Miami, by contrast, continues to attract international attention, fueled by steady population growth and increased demand for luxury real estate. As one of the United States' most dynamic markets, it offers significant opportunities for long-term investment. The recent U.S. presidential election adds a layer of political complexity, but as always, Miami remains resilient, with its unique mix of global appeal and local vibrancy driving consistent growth.

Also in this client report, we’re excited to bring you an exclusive interview with our featured client, NBA star Precious Achiuwa. His journey from Nigeria to the basketball courts of North America and then to successful investment ventures and philanthropy provides inspiring insights into the importance of seizing opportunities and building a diversified portfolio.

This report also includes a thought-provoking discussion on the history of investing in turbulent times, drawing from historical and personal examples. We talk about how strategic investments during uncertain markets often yield transformative results, lessons that remain highly relevant today.

Finally, we are thrilled to unveil the rebranding and official launch of TCS of Miami. This milestone marks an exciting new chapter for our firm as we expand our focus on Miami’s booming pre-construction and luxury real estate markets. TCS of Miami will deliver unparalleled access and expertise to our clients, cementing our commitment to being your trusted partner in this thriving market. As we close out 2024, we remain optimistic about the opportunities ahead. Both Toronto and Miami offer unique pathways to growth and prosperity, and we are committed to helping you navigate these markets with confidence and clarity.

As we start out in 2025, we remain optimistic about the opportunities ahead. Both Toronto and Miami offer unique pathways to growth and prosperity, and we are committed to helping you navigate these markets with confidence and clarity.

Warm Regards,

Chief Executive Officer