There are currently a number of pre construction condo projects to choose from in Downtown Toronto. What makes a good project to invest in? Is it the lower cost per square foot, reputation of the builder, or other variables?
Seeing Toronto. Make sense so what are some developments that make sense? Well, in our last video we talked about buying in developments where you can have value purchases. So basically, what that means is buying where you can purchase units under thousand dollars per square foot at $ 1,000 per square foot and slightly over a thousand dollars per square foot, because that’s, where the most growth is going to occur.
So we’re gonna go now and check out a few developments that we’re working on and we have purchasers buying in them because they match this exact bacteria. They’re, either under a thousand and a thousand or slightly above a thousand dollars per square foot, and they’re.
Good value buys let’s, go check it out. We’re standing at the site of where River and v is going to be constructed and, like I said this area is completely revitalizing, though some purchasers that were lucky enough to be involved with the canary district when not released.
Those people have made a significant amount of money on their units and the canary district is adjacent to this area right here so again, this is an area that’s revitalizing tremendously. The cost per square foot is lagging behind other Toronto projects, and you are next to East Harbor.
East Harbor is a massive project. Revitalization community by first Gulf go Google East Harbor. If you haven’t heard of it, this area is blowing up it. Just gets me so excited I don’t even know what to say.
I can’t, speak English right now. Okay, so we’re, just leaving the presentation Center for River and fifth and I & # 39. Ve talked about this before, but you got ta buy smart. You got ta buy in areas where again in Toronto, your cost per square foot is close to a thousand dollars per square foot and if you can buy in areas that are revitalizing, you’re.
You’re totally winning the game in Toronto, and this in my mind, like I see so many developments all the time. You know I’ve invested in places myself where areas were revitalizing. This is the place to be.
This is where you got an invest right here, because you know twofold: the cost per square foot is lagging behind other projects in downtown, but also this area is completely booming. I’ll leave some information, you know for you, you know, above and below, with regards to you know this area, east harbor, but it’s completely transforming so this is.
This is a no brainer for people that are looking to invest in Toronto. Alright, so there you have it our pre-construction condos expensive. My answer to that is no, but you have to buy smart. You have to buy in areas in Toronto, where you’re buying for value, and those are areas where you’re buying for under at or slightly above a thousand dollars per square foot, because that’s.
We’re, going to see the greatest growth, and, on top of that, if you’re able to purchase in an area that’s undergoing massive revitalization, you’re gonna win the game big time like So many people have done already in this Toronto.
Real estate, market, River and Fifth condos makes total sense. If you are looking to buy a pre-construction condo now in Toronto, and you’re looking to buy for value the best cost per square foot, you can get in the best location in our next video.
We are gonna highlight a few other developments. If you have any questions all feel free to get in touch, you can send me an email text or good or phone call. I’m more than happy to answer any questions with regards to pre-construction thanks very much and bye for now.