orillia

thank you so much for your response.

What would be a better alternative to invest in real estate other than pre-construction condos, seeing the red hot GTA market.

That's a very valid point. 2021 is a long time to tie up money and yes its more of speculation. As per the price plan the cheapest 2 BR + M is in the range of $360,900 - $432,900 (568 sq ft - 624 sq ft). This project is part of a 10 building plan and right now we are talking about the...

Tomorrow they are rolling out the price and floor plans and I will get a better idea on what to choose. That will provide others more inputs to suggest something.

The goal is to buy and rent out. If it sells for 500k, I will be able to manage 100k down and get a 400k mortgage. The resale market is selling higher than this price for something similar because of bidding wars in Ontario. The closing on this pre construction project is 2021

Dear members I am a new investor and thinking of buying my first investment property. My consideration at this point of time is booking a 2 Bedroom Rogers' Mcity Condos to be constructed in Mississauga, Ontario. The price plan is not yet out but the presentation team mentioned that a 2 bedroom...