No matter a condo or a house, you must always do your homework and consider the neighbourhood you’re buying into.
Never forget the axiom “location, location, location” which is true for both a condo and a house!
Both are a significant investment, you should feel go with you gut and why in an area were you can nurture your investment.
Preconstruction condos offer a great mid-term investment. You are buying with little down, and if the APS is worded correctly, you can assign it before you even have to pay the land-transfer costs! Of course, you can also keep it and rent it out. Great!
In the long term, 25+ years, land is king!