With recent cuts to mortgage rates, we have many clients considering Toronto condos as investment properties. An investment portfolio that includes Toronto condo rentals can be an excellent equity growth strategy because when handled correctly, they pay for themselves monthly with added profit on top and you’re growing equity not just on your down payment, but on the bank’s money.
In addition, it’s a great time to invest in real estate as the rental market is on fire. Condos for rent in Toronto in hot locations can fetch top dollar, typically well above that of Toronto apartments for rent in houses. Plus, condos for sale in Toronto are generally more affordable than houses and less time consuming to maintain.