You may have noticed that real estate is booming. Everyone is investing in condos because heck, who can afford a $1,200,0000 dollar property in Toronto now a days. Toronto’s real estate market has been rising steadily for the last 15 years and now there are more incentives to attract national and international buyers and investors.
With record low mortgage rates, many more people can afford and maintain a mortgage. This has huge benefits because you are basically using the banks money to make money.
Investment in condos is becoming a turn key business. Many developers are adding rental guarantees were they will rent out your unit for 3 years at the going market rate. Plus they have better deposit structures that allow you to deposit in a manner that is more suited to you and your bank account.
Now if you are looking for a great condo investment, I have four developments that will out perform the market and get you the best ROI in the coming years.
75 Esplanade development is being headed by Carter Private Equities and will be a 34 story building that will contain a lot of nice features. The building itself will be located on the southwest corner of Church Street and Esplanade. This project is in the pre construction phase and the developer is taking registration for units on a first come first service basis. Please visit www.75esplanadecondo.ca for all details and to serve a unit today.
The next one on the list is The Form Condos by Tridel. As you may know Tridel is one of the top developers that have been in business for more than 100 years. Throughout the decades Tridel has a prove track record and you can easily notice this through their workmanship, quality and attention to detail. The Form Condos will be coming to Queen and Mccaul in downtown Toronto. If you would like more information on this project please visit www.the-form-condos.ca
Moving right along to The Canary District Condos. This will be the third phase of the development, phase one and two were such a success the project was sold out in mere days. Please visit www.vipcanarydistrictcondo.com and get all the necessary details to acquire a unit today. Sales for this development will be starting May 1st. Please do not miss this opportunity, this will be one of the best developments in 2016.
Lastly but perhaps the most awe inspiring development is the Blue Diamond Condos. Camrost-Felcorp is building this amazing looking development which will feature condos and town homes. It is being built at 129 St Clair Avenue West in Toronto. Investors will be starting to rent out their units in 2018 when the building will be finished. A nice price range from $304,900 to over $840,900 will be offered with a total of 292 units. Check out www.blue-diamond-condo.ca today to reserve a perfect investment today.
Like is said Toronto real estate is booming and will continue to exceed all expectations. If you are serious and want a great investment take a peek into any of the condo developments mentioned above. You will not be sorry and you stand to make some money in the meantime.
Remember to get your mortgage pre-approved and your down payment ready. Developers are asking for the standard twenty percent down.