Toronto's stable economy, hospitality, and low crime are all part of the reason why Toronto is such a sought-after city. Each year, 250-300,000 migrants come to Toronto from other countries and provinces, resulting in an ongoing demand for housing in Toronto and the GTA. They help contribute to the 6% annual increase in the Toronto real estate market.
Toronto Condos have been especially popular investments by both Canadians and foreign investors, the latter making up 5-10% of investors who buy and rent condos to locals. As market value has risen steadily over the years and rent from tenants covers mortgage costs, this type of investment is sound and rewarding.
Our clients have bought condominiums and townhouses in downtown Toronto, midtown, and Thornhill. Quite a few have even bought second and third properties because of their promising returns.
The benefits of investing with a broker
Nadlan Realty agents are invested by developers to early-bird events for new condominiums and townhouses. Brokers can invite clients as their guests to these VIP events, giving them access to special realtor prices and promotions that are typically reserved only for brokers. Contact Nadlan Realty today to join us at the next VIP event!