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PHALAKONE MYSAY | ENTREPRENEUR & MULTIMILLION REAL ESTATE INVESTOR
Buzzer
reply 14
 

Which Toronto project will be the MUST-INVEST in 2015?

Share your top 5 condos projects in Toronto and why?
6
Ontario / New Developments
 
 
 
ANDREW LAFLEUR
Buzzer
reply 119 vote 39
 
 
3 BEST REPLY
One thing I teach all my clients is to evaluate every investment opportunity individually on it's own merits. And the only way to do this is to have all the details available for every project you are considering.

A lot of people ask me the question: what project should I invest in this year? Or 'should I invest in this (upcoming) project, or this other (upcoming) project?'

My answer is that I don't know. It's impossible to recommend a project for which the floor plans, prices, and other pertinent details have not been released yet.

Some projects have great locations, great developers behind them, and sexy marketing, but they are terrible investments because they are priced too high, or their floor plans are bad, or they are in a saturated area, or some other factor.

I guess a better question might be "what upcoming condo projects are showing the most promise?" or something like that.

For me, I like this list but I'll also be watching some others closely including @Citylights on Broadway and of course @Mirvish+Gehry Toronto and @Diamondcorp's site at king and spadina and a few others that I can't publish here.
 
 
 
RYAN MCGOVERN
Senior Buzzer
reply 642 vote 117
 
 
@Phalakone Mysay,

From the fact that they are highly anticipated, I would choose the following...

1. @Art Shoppe Condos
2. @Riverside Square (Phase 2)
3. @Daniels Waterfront
4. @The Bartholomew
5. @The Rosedale on Bloor Condos
 
 
ROY BHANDARI
Senior Buzzer
reply 512 vote 60
 
 
I have to +1 Andrew La Fleur.  There are a number of great developers with excellent sites launching in 2015 but it's impossible to suggest one over the other until we have our hands on the specifics.

In past years, projects that were not even on the radar turned out to be the best investments because they launched with very aggressive pricing and incentives.

Sometimes the best incentives are not even advertised publicly - it's best to work with an agent who can share these incentives and promotions with you.    
 
 
TREVOR FONTAINE
NewBee
reply 5
 
 
Gansevoort in the Distillery (let's hope it starts selling this year)
 
 
VESPERKAN
NewBee
reply 7 vote 3
 
 
1
I bought a condo at Tango (Concord Park Place) in pre-development for $240,000 and an equivalent unit price has already jumped to $300,000+ in a few years.. 
Tango 2 is being developed now and I hear there are still sales being done for pre-dev. I a considering buying one and selling it in a few years after its built. Any thoughts?
 
 
RAPTORX
NewBee
reply 3 vote 1
 
 
Wow really?
25% increase in few years in a condo??
That's exactly the budget I'm trying to invest in a property too.. o_o
Thank u Vesperkan - I'll ask my agent for some details regarding these Tango developments
 
 
 
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