Investing in Condos
THE BASICS OF CONDO INVESTING
Whether you are a seasoned investor or someone thinking of starting into the game, consider a pre-construction condominium suite or two for a promising return-on-investment. Just look at the popularity and price rises of condominiums, not to mention rent increases across Toronto and the Greater Toronto Area over the past few years. Investing has proven lucrative. Purchasing a new condo and renting it out can be an excellent expansion for an existing financial portfolio or the basis for a brand new one. According to Livabl_’s Market News, in the first quarter of 2019, Toronto condominium construction hit an all-time high, with more than 100 cranes and 221 projects on the go in the downtown core alone. With ongoing immigration, the demand for condos is bound to continually increase.
If you are new to condo investing, there are a few things to keep in mind. You’ve likely heard the phrase “location, location, location” when it comes to real estate. Well, it should be at the top of your must-have list when you condo shop. On one hand, today’s condos are all well situated close to public transit and amenities, by virtue of Ontario’s Places to Grow Act. On the other, there are some locations that are hotter than others. Here is where a professional agent familiar with new-construction condos can help. We keep a continual eye on the market as far as what is available now and what buildings are coming in the near future, and what areas are likely to provide the best return-on-investment over time.
CLICK HEREto see some Condos that are ripe for Investing today.
Sales from $380,000 to $800,000
Reunion Crossing Condos & Urban Towns is a new condo and townhouse development by Diamond Kilmer Developments currently in pre construction at 1808 Saint Clair Avenue West, Toronto.
LOCATED AT DON MILLS & EGLINTON - RIGHT AT NEW LRT
DON'T MISS OUT
A NEW MASTER-PLANNED COMMUNITY WITH 60 ACRES OF SPACE TO LIVE, WORK, PLAY AND THRIVE. Coming soon to Eglinton and Don Mills. Discover life in Toronto’s largest parks and stay connected with the new Metrolinx line just steps away. Register today and be a part of tomorrow.
ON SALE NOW
River & Fifth Condos – The fusion of nature & city dance along the river's edge. Come home to refined condominium residences that bring the outside in. Get ready for the rise of River & Fifth.
545 Lake Shore Boulevard West Condos is a new condo development by Canderel Residential currently in preconstruction at 545 Lake Shore Boulevard West, Toronto. 545 Lake Shore Boulevard West Condos has a total of 508 units.
Universal City : This growing city of Pickering, has a very affluent population overall. The average household income in is $114,000 which is incredible. If you are a potential buyer or an investor and are thinking, why Pickering?