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.
to see some Condos that are accessible for Investing today.
90 Stadium Rd. – Quay West Condos places you directly beside parks, literally beside Martin-Goodman trail, 2 marinas, and walking distance to everything Downtown Toronto offers.
Whether you are a seasoned investor or someone thinking of starting into the game, consider a pre-construction condominium suite or two for a highly promising return-on-investment.