Randy Ramadhin

I recently discussed with an investor class a question: “Where should I invest in a condominium?”. The question of freehold versus condo has already been answered because the investors were interested in a low hassle investment, read other blog titled “How Can Condo Investing Work with High Maintenance Fees“.I asked, if you bought a 1 bedroom plus den downtown Toronto versus Pickering, which would be a better investment? One student said, “Well, I would buy downtown! That is where all of the growth has been!” For example, at Yonge and Bloor are 800 sq. ft. condos for approximately $440,000. He estimated the rent to be about $2,000 per month and the price did not include a parking spot.

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