property investing
shubi13 asked:


What is the average return on investment in the property market there

Georgia

Comments

sinclairag on 1 January, 2010 at 1:41 pm #

You are asking a question that requires predicting the future. Anything you hear is merely opinion.

Toronto is a good market. It differs from other real estate hot spots in that Ontario is flat and open. The urban sprawl can expand almost limitlessly. In Vancouer, for example, there is much less land avaialble for new building.

Interest rates are rising through the world. Further tightening could easily send real estate prices lower. Nothing is certain though. Do your research.

Check mls.ca and find out what properties are selling for. What were they selling for 6 months ago? Bidding wars were common in Toronto last year, as a buyer you are much better off if you can avoid that situation.


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