Fort York for investment

COLUMBUS, OH

The Livabl forums are closed to new posts and replies.
Read more about this here.

Change Location

Back to Conversations

AKAY K

NewBee

Fort York for investment

Hi all,

I've been looking to buy a condo (1B+den or bigger) in Toronto, but with the prices so high, only Fort York and Yonge&Sheppard area seems to be in my budget.
Does anyone has an idea on how is Fort York (west of Bathurst) area for investment and how is the construction quality?
Will Yonge&Sheppard be a better bet for investment given the scale of developement happening in North York area.

Toronto / New Home Q&A

SASCHA D

NewBee

Hi Akay,

Ideally you want to buy into downtown Toronto while you still can before prices keep rising. I recommend Fort York over Yonge & Sheppard. There are other areas of the city that are growing as well!

ROY BHANDARI

Senior Buzzer

512

Hi Akay,

I would suggest there are great opportunities to invest in upcoming neighbourhood. Yes, Downtown Toronto is always great, but there has been huge investment in Downtown Vaughan recently and the VMC area is one that we would highly recommend looking at.

I would also suggest looking at multi-phase re-development projects like they are doing at M City Condos in Mississauga. The first tower (or 10 to 12) is launching this spring and being first in something like this has huge upside.

If you feel squeezed out of the pricing in Toronto, there are great options out there if you're smart about picking them. The caveat on these is that you have to act fast - they sell very quickly.