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Updated about 4 years ago on . Most recent reply

Alex Kovalenko's profile image
Alex Kovalenko's profile image
Alex Kovalenko
  • Member since Apr 26, 2020
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76
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Alex Kovalenko's profile image
Alex Kovalenko's profile image
Alex Kovalenko
  • Member since Apr 26, 2020
Connect
Alex Kovalenko
45
Votes |
76
Posts
Starting Out

Buying rental property in Toronto Ontario Canada (GTA)

Alex Kovalenko
Posted

Hi guys - what's your take on buying a rental property in a hot real estate market where the real estate prices shot up 35% in some areas of GTA. Seems a bit insane to pay $430k for a tiny condo or $550k for a beatup 1950s falling apart house.. that you can rent out for around $2k

What's the advice here? Go somewhere else where prices have not been as crazy? Wait? Thanks!

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