Linked In YouTube Blog Facebook Twitter Google+

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

Why Toronto’s Young Homebuyers Of 2014 Are Considering Condos

April 24, 2014 - Updated: June 9, 2014

The Greater Toronto Area housing market lives in interesting times. It might seem like a daring invocation, but the Toronto condo market in particular and a surge of young buyers will meet together with a promising confluence of factors this spring.


By virtue of being young and new to their careers, Toronto buyers fresh from university or only a few years into their careers of choice often start their hunts with the most conservative budgets. Lowered mortgage rates such as BMO’s rate cut announced during the end of March from 3.49 per cent down to 2.99 will only further entice buyers who saved wisely over the last three years in response to stricter mortgage-lending reforms championed by federal Conservatives.


Throw in the Greater Toronto Area’s ongoing surge in new condo developments throughout the metropolitan landscape with rising house prices, and Toronto’s ever-younger homebuyers have every reason they could need to invest in the GTA’s ever-growing condo market. 


► WHAT’S CHANGED?


As winter thaws into Spring 2014’s seasonally bustling real estate sales season, the Toronto inventory of houses for sale is actually shrinking. Oh, the demand for single-family homes exists in plentiful supply among GTA buyers. The inventory just hasn’t necessarily caught up with it.


Meanwhile, Toronto twenty something’s are enjoying what every year of low interest rates they can. In 2013, they ventured out in force armed with pre-approvals, loans co-signed by parents and any additional federal aid available to first-time buyers or buyers who can only put a 5-per-cent or so down payment after a year or two of saving.


And really, why not? A young Toronto professional can afford some of the speculative risk of leasing a $4,900 Moss Park two-storey penthouse in the Lower Don Lands with the confidence that the combined rehabilitative efforts to stimulate the area, its downtown core and Distillery District proximity and the building of the 2015 Pan Am Games athletes’ village will in time invigorate the neighbourhood as expected. Time is on his or her side.


If nothing else, browsing a flush condo market at this point may beat chancing increasingly escalating bidding wars.

In a market where bidders are increasingly willing to pay as much as $150,000 over asking price for a home in Toronto, more and more fiscally limited buyers just may not mind being realistic about how much space they really need, as long as it comes with the right location.
 


Tagged with: homebuyers new condos toronto condos toronto homebuyers toronto professionals bidding wars condos affordability
| | Share

Comments (8)

Posted by: Leena Shah http://Funpakmaza.net/ of http://funpakmaza.net
August 7, 2014 @ 3:38 am
Great Article Sir Really Good Work I like Your Post And Thanks FOr Shareing me Awesome Your Blog Keep it Up
Posted by: Alliwilson of http://webloggerz.com/
August 2, 2014 @ 2:29 am
To be honest, I came to your website for the first time and I found your blogs full of interests and meaningful knowledge. Now, I will be a regular visitor of your blogs. Keep blogging !
Posted by: Rahul Suresh of http://www.mintbeatz.com
June 20, 2014 @ 1:36 pm
Thank you sir for the valuable info..indeed.......
Posted by: Anoop Bhandari of www.techeyetech.com
June 20, 2014 @ 6:11 am
Not only Torontos young home buyers but it is that is Condos are the trend nowadays everywhere.
Posted by: Divya Rajput of www.gadgetandprice.com
June 20, 2014 @ 6:10 am
Nice to read out and yeah it's quite true that Condos are coming to be the latest demand and everybody is just following it up. Thanks for sharing your views on such a great article.
Posted by: a1professional
June 9, 2014 @ 4:34 am
nice
Posted by: vijay of Http://offersmania.in
June 1, 2014 @ 6:10 am
Hii Sunny Sir... Thanxx for sharing such great piece of information.
Posted by: Harleena Singh of http://www.aha-now.com/
May 16, 2014 @ 12:55 am
Hi Sunny, Interesting read :) Yes, condos are coming up in a big way and the youngsters would surely love the ones you have showcased on your blog. Things have changed a great deal and so have people's way of thinking - all for the better I would say. Thanks for sharing. Have a nice weekend :)

Leave a comment...

Please enter the numbers found on the right.

6 LOCATIONS TO SERVE YOU

Toronto North

Toronto Thornhill

Toronto High Park

Toronto Annex

Highland Creek

Caledon / Bolton

96 Rexdale Blvd. 1118 Centre St. 1678 Bloor St., W. 570 Bloor St., W. 6074 Kingston Rd. 1 Queensgate Blvd.

 


 

Home  |  Top  |  Printer Friendly  |  +Bookmark  |  Privacy Policy
Powered by Lone Wolf Real Estate Technologies (CMS6)