Why Invest in Toronto?
Toronto has been ranked among the top 20 best cities in the world, according to Resonance Consultancy’s World Best Cities 2021 report.The city’s openness, combined with its economy has resulted in unprecedented density and satisfaction with just staying put, sated by real estate wealth and the comfort that the world is already in town.
Canada’s Stringent Lending Practices
Buying investment property in Canada is a safe investment because of the many guidelines they’ve introduced, including the Stress Test at the beginning of 2018 which was actually raised to a higher Stress Test threshold in June of 2021. Canada has an extremely low delinquency rate. As of 2021 it was 0.25% — the lowest level reported in 5 years. Canadians may be mortgaged to the hilt, but Canada’s loan default rate remains tiny.
Increasing Demand for House Rental
Toronto is one of the most popular cities for real estate investors. The real estate market in Toronto had risen sharply in 2021. The year-over-year growth of property prices has reached 16%. (according to House Price Index.ca)
Investing in Toronto real estate is profitable and safe with Toronto’s growing population, the demand for rentals remains stable. A pandemic may have had its time and lowered rental demand but that was temporary and we’re already on the up-and-up. With major developments like East Harbor and our growing tech industry, and several high-profile tech companies choosing to set up shop in Toronto (Google, Uber, Pinterest, and Microsoft to name a few), the demand for available rentals will continue to go up.
The Brand-new Deluxe Apartment in Toronto
Yorkville is situated at the most desirable downtown street in Toronto. It was developed by Menkes, the Four Seasons hotel developer with over 65 years of experience. The splendid apartment is located in the premium area of the famous Yonge & Bloor store. Yorkville is surrounded by luxury brand boutiques such as Chanel, Hermes, Rolex and Cartier. It takes 1 minute to walk to the Bloor-Yonge cross-line subway station and 6 minutes to walk to the famous University of Toronto. Adjacent to Canada’s first international financial center.
Travel As You Ready
Disclaimer:The information, text, photos contained herein are provided solely for the convenience of interested parties and no warranty or representation as to their accuracy, correctness or completeness is made by Ashton Hawks or the sellers, none of whom shall have any liability or obligation with respect thereto. These offerings are made subject to contract, correction of errors, omissions, prior sales, change of price or terms or withdrawal from the market without notice. Information provided is for reference only and does not constitute all or any part of a contract. Ashton Hawks and its representatives work exclusively in relation to properties outside Hong Kong and are not required to be nor are licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with properties situated in Hong Kong. Digital illustrations are indicative only. ^Travel times are an approximation only, sourced from Transport for London. *Rental yield is projected by the agency and not guaranteed by the developer.