Top 5 Reasons to Invest in Real Estate
Maybe you read the title of this blog and did a double take, but now might be the best time ever to be investing in real estate. In particular in Toronto, which has traditionally been a challenging market to break into unless you had lots of money to invest.
Despite an increase in single family home prices over the summer, the Toronto real estate market continues to hold and increase its value as we enter 2021. There can be no doubt that we will experience a recession, as Ontario is now in a legally mandated lockdown. However, if you have the means to do so a recession can be a great time to invest in real estate.
Here are our top 5 reasons to invest in the Toronto Real Estate market despite, but also because of COVID-19.
For more on the Toronto real estate market and COVID-19, read our blog here:
https://www.onedevcorp.com/blog-3/blog-post-title-one-6y2m8
Top 5 reasons to invest:
Condos are plentiful & affordable
Interest Rates are low
Real Estate as compared to other investment is considered to be stable
Get in now, as predictions are that prices will increase
Gets you into a hard market with long term rewards
Whether you are looking to invest in your first property, second or third the new year could be a great time to gain access to the Toronto real estate market. For the first time in a long time the Toronto condo market is a buyer’s market, for new or young investors this is a great time to purchase your first property.
Although, it is doubtful that the single-family housing market will turn into a buyer’s market, the days of no inspections and homes selling for over asking could be changing. Buyers may be more restrained given the economic climate.
If you are able to get in whether it be a condo or a home, now is a great time to do so!