Condo prices may not meet carrying costs!

Condo prices are set to put many investors in the red as rents fail to meet carrying costs!

• There’s no shortage of people lining up to invest in the city’s burgeoning condo market

• many of them are mom-and -pop investors who see rental units as a hedge against the increasingly unaffordable property market

• Others are self-employed individuals without a pension who view condos as an appreciating asset to help fund their retirement.

• But Real Estate experts are warning that the investment scene will shift in less than 5 years as the cost of condos continue to climb at the same time as Toronto tenants show signs as hitting the wall when it comes to paying rent for an apartment.

Call me for a Custom FREE Evaluation

Patricia: 416-879-2094

Patricia Katz, Broker @ Sutton Group-Associates Realty Inc., Brokerage