Is it still possible to make money investing in Toronto’s condo market?
From left: George Kozaris, Amit Bhandari , Roy Bhandari, Andrew la Fleur and Serge Younan. Source: thestar.com
According to Century 21 Leading Edge Realty’s Serge Younan “People who buy now are going to look back years from now and realize they were part of building the city. It’s a lifetime opportunity for Torontonians.”
Serge and four of the city’s “platinum” brokers recently met for a roundtable discussion with the Star to shed light on Toronto’s pre-construction condo market and where they see it going. While bullish on both the short-term and long-term outlook, they all believe condos are still a sound investment, providing they are the right units in the right locations. Here’s three reasons Serge and his colleagues believe the future of Toronto’s real estate market will remain bright:
- Low interest rates
- High rent demand (especially in the core)
- Steady immigration
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Opportunities in Toronto’s pre-construction condo market still exist for investors in it for the long haul. If you would like to know when and where to invest in the Toronto condo market, please make sure you contact Serge Younan or one of the many condo specialists at Century 21Leading Edge Realty.
Source: thestar.com, published March 28, 2014