pre construction condos

Why Invest in Pre-Construction Condos in Toronto


Toronto is one of the " Fastest growing cities in North America", ranking 5th in population growth over the past 5 years.

 
Why invest in Toronto?

  • Largest population in Canada - Home to 5.6 million people
  • One of the 10 most economically powerful cities in the world (Forbes Magazine)
  • Centre of Canada’s banking industry – ranked as world’s soundest banking system for the past 5 years in a row (World Economic Forum)
  • Toronto ranked #3 city overall in Cities of Opportunity study of economic leaders: PwC
  • Strong growth – Toronto now 4th largest city in North America (February 2013)
  • Toronto is Canada's banking/financial capital and the home of its principle stock exchange, the Toronto Stock Exchange

 

Toronto’s vibrant downtown core has seen a revival of population growth over the last five years, driven in large part by a growing Echo Boomer / Millennials segment.This highly-skilled, highly-educated, and young population is trading the larger and (relatively) more affordable housing choices of their parents for proximity to transit, work, and amenities.

Moreover, employers are now catching on to this recent trend and are increasingly locating themselves within the downtown core as well, hoping to attract this highly-educated, highly-skilled labour force. As a result of this residential and commercial development boom, employment has skyrocketed. Double-digit job growth in the downtown core between 2006 and 2011 heavily outpaced that in the surrounding suburbs.

With immigration projected to remain strong throughout the next decade and given the affordability of the market place in comparisons to other major cities, the Toronto condominium market will continue to be a good place for investors at home and abroad.

In Toronto’s hot real estate market, an early purchase of a pre-construction condo can usually net a tidy profit once the building is finished .

 

Read my twitter account for Toronto Condo Market Analysis & News...https://twitter.com/jimmysinghremax

 

Some of the research posts on Toronto Condo market..

 

Instead of waiting a few years to turn a small profit on resale, converting real estate into a rental property can be a lucrative long-term investment.Strategically purchasing and renting out an urban condo can build your equity and earn you long-term returns.

 

For more information about buying a brand new condo, Contact Jimmy Today at 647-961-2639 .
We're Condo Experts & have been helping clients invest in New Condos in GTA for 10+ Years !

nobu condos 15-35-Mercer-Street cn tower

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