Toronto Investment Property
Toronto’s real estate market has been hot for some time. Is a Toronto Investment Property still a good idea?
The Red Square Team are investing!
In the last few months, members of the Red Square Team have purchased pre-construction condos in Toronto. Additionally, we have helped our clients purchase their own investment property.
You may ask is now a good time to buy?
We believe that it is. Both rental rates and condo prices continue to grow annually despite the flatter freehold market across the GTA.
What are your reasons for buying a Toronto Investment Property?
You may be considering property to complement your retirement income. Alternatively, you could be thinking about how your kids will be able to get into the market in the future. Now is the time to understand more, and to consider investing in property.
What Type of Toronto Investment Property is Best for You?
What type of property you choose will depend on your investment criteria. Although rental rates have increased, it may be difficult to achieve positive cashflow. A pre-construction condo is one way of delaying negative cashflow. In the meantime, provided that the market continues to go up, your investment is appreciating. The ideal, however, should always be to find a property with rental income equal to or greater than the expenses.
Evaluating Investment Property is About Analysis.
As you can imagine, we have spent a lot of time looking at different properties and performing our own due diligence. Not every property makes sense. We have a formula to calculate the ROI on each property using active and passive appreciation, cash flow and mortgage repayment. Our analysis includes new build condos, resale condos and multi-unit rental properties both within and outside the GTA.
We would love to share our findings with you to help you achieve the best combination of capital growth and cashflow.
For more information, email us at team@redsquareteam.com or contact us here.
