My take is there seems to be a strong rental market for the glut of condos. The next few years may balance things a bit as previously sold units will continue to enter the market. Demand has been robust and I believe vacancy rates in the core have been roughly 1-2% for the past decade (needs to...

FYI I’ve been renting personal condo units for past 15 years without the use of an agent, signing about 40 leases during this period of time. It’s not for everyone, but I seem to enjoy it and gives me some satisfaction. While I have never really had any difficulty renting, never losing even a...

Re: Toronto Star Article Condo Prices rising next year? How is that possible if Senior Bank economists have been stating it will drop 10-30%. Most analysts and many others on this board have been regurgitating this price drop since 2008. What I do know is every condo I put up for rent is...

Does anyone have an opinion about Massey Towers on corner of Yonge and Queen. Prices start at approx 620 psf. I never paid higher than $450 psf, so given the fact that this pre-con is in an unbeatable location, and given today's condo market sentiments, what do you think about this investment...

It all depends on the variables you choose. I could select the average professional in Toronto being someone who makes $75K (which I realize is well above national average but its Toronto and wages are generally higher). Given the smaller sized units these days 600 sq feet seems large for many...

Johnzz, it’s very nice to see others with the same view on economists. I don’t believe in “experts”, they are usually wrong and one’s better off flipping a coin than listening to them. I try to avoid listening to their reports as they may distort my judgment. With all the reports stating...

I agree – prices are very lofty, I wouldn’t touch most precon prices today with a 10 foot pole. But you can try to find the needle in the haystack once a year. I only buy very early in precon sales. My last 2 purchases in past 2 years were at $430 psf near the Toronto airport. With prices...

Addressing the original poster on whether you should sell, I would stick with my answer of No. I am not saying we should all go out and buy in this market, but I don’t recommend selling either. Yes I am leveraged more than most people can handle at about 60%. I do not recommend this for anyone...

If your goal is to generate wealth, I agree with Oolloo with being aggressive. And selling only cuts into your plans with commissions and taxes. I do believe in diversification but investing in oil, gold, Asia, Europe, Canada and USA for past 10 years via mutual funds have netted me absolutely...