Hi everyone!
To start off I am 23 years old and looking for a place of my own. Currently I live in Kitchener/Waterloo of Ontario (1 hour from Toronto). Now Kitchener seems to be getting more popular with the Technology side as more startup are being founded here in what we call the Communitech hub (http://www.communitech.ca). There is also a Google office here which they plan to expand just down the street in the next few years (2016). A rapid transit system will also be build and ready by 2017. Now the Condo I have looked at will be right in the center of all this (10second walk to Communitech hub, and about 2min walk to future transit hub, mintutes walk to parks, shops, markets, clubs, restaurants, city hall, etc. Also close to universities
The condos have not started to be build yet and the estimated occupancy will be in 2018.
Condos that will be built are: http://onehundred.ca
Is this a good investment with everything that is being build around this? I mean I wont be able to move in for 4 years and my closing wont be for 4 years. I just pay the down payment for now.
Opinions? The price of this condo will likely go up high by the time everything is built?
Thanks!
To start off I am 23 years old and looking for a place of my own. Currently I live in Kitchener/Waterloo of Ontario (1 hour from Toronto). Now Kitchener seems to be getting more popular with the Technology side as more startup are being founded here in what we call the Communitech hub (http://www.communitech.ca). There is also a Google office here which they plan to expand just down the street in the next few years (2016). A rapid transit system will also be build and ready by 2017. Now the Condo I have looked at will be right in the center of all this (10second walk to Communitech hub, and about 2min walk to future transit hub, mintutes walk to parks, shops, markets, clubs, restaurants, city hall, etc. Also close to universities
The condos have not started to be build yet and the estimated occupancy will be in 2018.
Condos that will be built are: http://onehundred.ca
Is this a good investment with everything that is being build around this? I mean I wont be able to move in for 4 years and my closing wont be for 4 years. I just pay the down payment for now.
Opinions? The price of this condo will likely go up high by the time everything is built?
Thanks!