July 4th, 2012
What’s Going On Between the 416 and the 905?
So far in 2012 there have been a grand total of 10,992 condo units on the market in the Toronto and Greater Toronto areas.
Where is Most of the Investment Going?
Of these investments of 10,882 more than 4,500 have been created in the GTA (Greater Toronto Area
What Does this Mean? It’s Still Less Than Half
Let’s look again. For 2012, there have been 10,882 newly created condo properties in the Greater Toronto Area. Of this, more than 4,500 have been opened in the Greater Toronto Area (905).
What does this really mean? The 2012 numbers means and increase of more than 160% compared to 2011!
This also shows a decline of over 31% for Toronto!
This is Important News for Investors
Why?
Let’s look at the Latest Ipsos Reid poll
Well, according to them 25% of Toronto tenants and residents are planning to move to the GTA/905!
This is an truly Important Shift Investors Should Recognize
Why is there such a Shift to the GTA?
Richard Silver of the Toronto Real Estate Board, have said it’s due to the Toronto Land Transfer Tax.
What Does All This Mean?
It means investing in the low tax, pro-growth GTA is a great option for landlord investors.
What Does This Mean For Landlords?
It means the GTA is growing fast. More growth means more qualified tenants.
And imagine when you want to sell your rental. Growing demand means appreciation and faster sales.
Tags: GTA landlords, Selling, Taxes
