Good Market? Bad Market?
Why Condos ALWAYS Make Money
Pre-construction condos have always made me money, and it’s simply because there is less supply, but more demand.
Here are some facts from the BILD Association:
– 9.7 million: The population in GTA by 2041
– 115,000 new residents in the GTA each year
– 38,000 new homes built in 2017
– 50,000 new homes needed each year
“The GTA has not been able to keep up with the demand for housing”
As the population of Toronto and the GTA keeps growing, the city cannot keep up with the demand for housing.
People simply don’t have many options for where to live in Toronto. Homes are far out of the price range for most families, so condos will remain in high demand regardless of a “good market” or a “bad market”.
Because of the high demand, investing in pre-construction condos is very low risk.
Pre-construction lets you get started with less initial investment, and far less hassle than other types of real estate investing. Investing in pre-construction is as hassle-free as real estate investing gets.
Less Initial Deposit
Extended Deposit Structure
4 years NO tax
4 years NO insurance
4 years NO maintenance
4 years NO tenants
Also, If you buy during a VIP launch, you’re often able to buy for well below the market value, meaning that you make money almost instantly.
As long as you remember my 4-key factors: Location, Building, Builder, Deal — you can make a low risk investment, because the demand will always be high, regardless of the market.
Visit Fit4VIP.com to see upcoming TOP investment projects in Toronto.