The Toronto condo market is the most active building market in North America.
Price points and locations make sense to the first time home buyer as well as retirees who
are looking to down size their living space and get liquidity out of their home. In addition to these market segments
investors are active in the market place speculating on future prices. However, these investors are hostage to the market
dynamics of mortgage rates, renter demand and rising condo fees. Over the last 10 years most investors have done well.
I recommend investing in Condos in two ways and avoid the traditional method which takes time and sweat.
Type 1: Pre-release condos
At RE/MAX, we get access to new releases of condos which are built but before they are released to the public. This allows
you to pick the best valued units with the best views. You can choose to hold the investments and sell them before occupancy
or rent them as a traditional Buy and Hold condo investment. By working with me you get to select better product and have
more options to exit the investment.
Type 2: Pre-Built Condo
This option is participating in the whole project at the pre-construction stage. The builder is financing himself through investors
rather than traditional banks with more expensive construction loans. These builders are experienced in Toronto and have
multiple projects on the go. The investments are RRSP and RESP eligible and payout on a quarterly basis. They have higher than average projected returns which can give your retirement savings a lift.