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Can You Get 400% ROI From Investing In Toronto Condos?

Originally posted on: March 28, 2015
Last updated on: June 15, 2016
Filed under: condo investment investment financials toronto condos new condos real estate investment roi condo deals pre-construction condos

ART SHOPPE CONDOS RELEASED - BREATHTAKING RENDERINGS

Originally posted on: February 18, 2015
Last updated on: February 18, 2015
Filed under: art shoppe condos midtown condos midtown yonge and eglinton yonge and eglinton condos new condos toronto condos art shoppe art shoppe condo

Hold your breath Yonge and Eglinton buyers. Art Shoppe Condos is coming to midtown

Originally posted on: February 6, 2015
Last updated on: February 18, 2015
Filed under: art shoppe condos midtown condos midtown yonge and eglinton yonge and eglinton condos new condos toronto condos art shoppe art shoppe condo

Our 5 Favourite New Toronto Condo Developments Of 2014

Originally posted on: January 29, 2015
Last updated on: January 29, 2015
Filed under: monde condos new condos toronto condos condos toronto condo yc condos 50 wellesley alter condos code condos forest hill yonge college yonge wellesley east bayfront waterfront condos toronto waterfront

Seasons Greetings | Merry Christmas & Happy New Year

Originally posted on: December 25, 2014
Last updated on: December 31, 2014
Filed under: 2015 new year 2015 year christmas merry christmas love joy gift giving seasons greetings thank you holiday holiday season grateful best wishes

Many say fears of Toronto Condo bust are overblown

October 25, 2011 - Updated: October 25, 2011

Many say fears of Toronto Condo bust are overblown

We're accustomed to hearing doomsday warnings about a Canadian housing bubble and reading reports that call the Vancouver housing market way too hot for its own good.

These claims are very contentious, but always inspire a healthy debate.

However, we were surprised yesterday to hear of a new report by Bank of America Merill Lynch Global Research that warned of a Toronto condo bust.

As the Financial Post wrote about the report, it's "a rare warning in a condo market that most analysts say will continue to be supported by low rental vacancy rates and strong investor demand."

So what gives?

"We think investors are underestimating the wall of inventory about to come on the market in the next 12-24 months, which could dampen price appreciation and investor returns," said economists Ryan Bohren and Sheryl King, who authored the report.

Of course whenever there's a hot market there will always be people jumping in to point out potential flaws, but many experts maintain that Toronto's condo market is backed by real demand.

According to Shaun Hildebrand, the CMHC's senior market analyst for the GTA, several factors suggest the risk of a correction is overblown. He noted that 95 per cent of units completed are sold, greatly diminishing the risk of rising unsold inventory. He also cited Toronto's low rental vacancy rate which leaves condos as the only source of new rental supply.

The Financial Post also quoted Ben Myers, editor and executive VP of Urbanation, who described the rental market as "extremely hot."

"There is great demand for rental units and that's why investors are purchasing," he explained.

So this bubble talk seems quite overblown to us, but we must admit it's always good to look at the market with a critical eye to make sure we're not getting carried away. However, this time around Toronto's condo market is right on the money.

 

 

Research and analysis by BuzzBuzzHome


Tagged with: toronto condo market pre-construction condos new condos
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Comments (1)

Posted by: dating of http://www.feelingslink.com
October 27, 2011 @ 7:52 pm
Nice explanation. I was going to close this website but lucky me I decided to give it a try. This post is really helping and focused on the topic. Cheers!

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