Neighbourhoods in Toronto

[Jon D.]

Hi all!

I currently own a couple investment properties, looking to deploy capital in the Greater Toronto Area. Any suggestions for neighbourhoods outside the downtown core? Focusing on duplexes and triplexes properties selling for $400K - $500K. I've been finding some opportunities in Barrie. Any other suggestions?

Thanks,

Jon

[Noel Desautels]

Hi Jon - for places outside of Toronto, the areas that you will commonly hear about that have economic growth and are closer to cashflowing than right in the city are Barrie, Hamilton, Kitchener-Waterloo-Cambridge and Durham Region (particularly Oshawa).  I think that Durham Region has particular opportunity and I think you can still get duplexes in that price range.  Track down Michael Dominguez, who is a real estate investor and agent in Durham and a very helpful guy (I have no personal involvement or interest in making that recommendation).  Durham Region is growing, getting better commuter trains into the city, getting 3 new freeway segments and is physically closer to the city than the other three popular investment destinations.  If you find yourself investing in that area of the metropolis let me know as I can share my list of tradespeople who do good work for us.  Cheers, Noel