Toronto Condo Investors Are Bleeding Cash - How Long Can This Last?
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Investors of newly completed condos are bleeding cash. The sky-high prices they paid for their units, combined with declining rents and high interest rates, are causing some investors to experience a shortfall of over $2K/month in their cash flow.
Here's a link to my article from Feb 2020 warning about the risks of buying a pre-construction condominium at that time.
Why Investing in Pre-Construction Condos Could Cost You Money
https://www.movesmartly.com/articles/...
#TorontoRealEstate
https://www.movesmartly.com/meetjohn
Investors of newly completed condos are bleeding cash. The sky-high prices they paid for their units, combined with declining rents and high interest rates, are causing some investors to experience a shortfall of over $2K/month in their cash flow.
Here's a link to my article from Feb 2020 warning about the risks of buying a pre-construction condominium at that time.
Why Investing in Pre-Construction Condos Could Cost You Money
https://www.movesmartly.com/articles/...
#TorontoRealEstate
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