condos investments condo sale and rental price

In the last decade the real estate investors in Toronto and GTA used condos as a operational enterprise or as a pension plan, or both.

The increasing discrepancy between ever rising condo’s prices and Toronto renter’s budget put a stop on the rental prices increase This will generates 3 major consequences:

  1. In a 2-3 years span the condo prices increase will align with inflation . We will still expect an cumulative increase in prices  in the next 2 years between  6-9%
  2. The rental prices will reach a plateau over the next 2 years.
  3. In the next 2 years, high condo carrying cost combined with new condos supply ( condos under construction or approval phase ) will  slow down the condo resale prices.

Condo investment

 

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thestar.com

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