Richardson GMP’s Hilliard MacBeth sounds the housing crash warning http://t.co/8CETR2eVhr
— Landlord Relief (@LandlordRelief) December 11, 2014
The above tweet references an interesting article about the real estate market. What I find interesting is the part of it that recognizes that the Toronto real estate market is the sum of many different parts. Condominiums are one part of the market. Because rental properties are rarely built in Toronto (that’s the problem of rent controls) condominiums do provide a source of rental housing. Furthermore, those “rental condos” put into service after 1991 may not be subject to rent controls. Bidding wars have erupted to “rent” premium Toronto condos. But, the question remains:
Are Toronto condos a good investment?