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Updated over 5 years ago,
Would Condos be a good investment in Toronto / GTA?
Hello all!
I am wondering if Condos would be a good investment in Toronto / GTA?
I understand that it might not be a good investment from a CF perspective, but how about from an appreciation/captain gain perspective?
For example, my friend purchased a pre-construction condo @ $300,000 a few years back in Markham, ON.
Now he rented it out for $1,750 per month.
Not sure his condo fees, I assume maybe around $400-ish? (Since it's a fairly new condo)
Also not sure about his mortgage and downpayment - I didn't ask much details.
And most importantly, the condo is now worth around $420,000 (according to other units that were sold past 60 days)?
Thoughts?
Thanks in advance.