With the lowest interest rates in more than 50 years many potential first-time Condo buyers are seeing this as their best time to purchase into an affordable Condo market.
Rather than pay rent purchasers can now own their own property and start to appreciate home ownership and over the course of several years pay rent to themselves.
Over the long term home ownership does provide great equity compared to other investments and it still is Real..Estate..not a discounted bond or worthless share of a mismanaged company.
The decision to buy Toronto Condos now depend on buyers job security, affordable interest rates and lower priced Condos ( Buyers Market ). Just maybe now is the time to buy in the Toronto Real Estate Market.