- Joined
- Sep 24, 2008
- Messages
- 43
Hi all
My good friend in Toronto is a renter, so I am considering buying a condo in downtown Toronto for him to rent out on a 2 year lease. I am a bit concerned that I might have some trouble renting it out after that though as rent would be around 1100 for a ~700sqft 1 bedroom, any thoughts or experiences on the demand for condos to rent in downtown Toronto? And where that demand might be heading?
Also what are the latest rates you have been getting? What would be a good rate today?
Thank you if you can help
My good friend in Toronto is a renter, so I am considering buying a condo in downtown Toronto for him to rent out on a 2 year lease. I am a bit concerned that I might have some trouble renting it out after that though as rent would be around 1100 for a ~700sqft 1 bedroom, any thoughts or experiences on the demand for condos to rent in downtown Toronto? And where that demand might be heading?
Also what are the latest rates you have been getting? What would be a good rate today?
Thank you if you can help