Renters across the city of Toronto are looking for condo apartments in a variety of price ranges right now. The timing has never been better for investing in Toronto condos with vacancy rates so low and with interest rates even lower.
Guaranteed return on investment
Canadian real estate is and always has been a stable investment opportunity. While prices and sales can fluctuate in the market you can always be sure that things will stabilize in the future. This is, after all, Canada – and here we have a market that cannot be influenced by outside influences from other countries. The real estate investment market across the board in Canada is a reliable opportunity that can be counted on for guaranteed return on investment.
The timing is right in Toronto
Investors from all over the world have their eyes on Toronto for both commercial and real estate developments and investments. With interest rates so low right now and the rental market so desperate for new listings, it’s the perfect environment for buying a condo and then renting it out.
Why are so many people looking for condos to rent?
Last year the Canadian government put new mortgage rules into effect and as a result many first-time potential home buyers had to put their purchase plans on hold to build up a larger down payment for their new home. As a result, more people are turning to the rental market while they are in a holding pattern. This makes the timing perfect for anyone that is interested in purchasing a condo for rental purposes. The market is there and plenty of hungry renters are desperately searching for a place in the city.
Toronto condos are available in all parts of the city and there are some great condominium apartments for sale just on the outskirts as well. No matter where you decide to purchase your new property, you can be sure that there is a group of renters that are keeping their eyes on the rental listings for new places every day.