I own a new condo downtown and am already thinking about refinancing and reinvesting in future builds. The trouble is clear, though: Toronto's real estate market - particularly in terms of new condo developments - is extremely hot.
I'm relatively new to real estate and am not sure where to turn to for sound, objective advice on real estate investment in the GTA. All the real estate brokers I've spoken to say we're not in a bubble (go figure), but within a 500m radius of my own building there are at least 10 new towers going up, and some of them for MORE $/square foot than current fresh builds are going for! Wtf?
Just looking to see if there are any other members with an interest in the subject...
I'm relatively new to real estate and am not sure where to turn to for sound, objective advice on real estate investment in the GTA. All the real estate brokers I've spoken to say we're not in a bubble (go figure), but within a 500m radius of my own building there are at least 10 new towers going up, and some of them for MORE $/square foot than current fresh builds are going for! Wtf?
Just looking to see if there are any other members with an interest in the subject...
