azureray
Active Member
That's exactly because of low housing prices at the ealry cityplace years...when you can make a hell lot of return by buying and renting out, who wouldn't??!! Those investors of Cityplace still liive in Toronto, mostly in the GTA.
It happens that Chinese population in Toronto prefers to live in the GTA, but invests in downtown core.
I think a turning point for how much higher housing price can go further, is when carrying cost averages the rental income. That's when investment does not make any sense...we are not there yet.
Toronto Rental Yeilds currently at: 6.17%
Montreal: 8.59%
Beijing: 4.40%
Shanghai: 4.01%
London: 4.49%
new York: 4.57%
Toronto's rental yeilds are still amongst highest in the world, means higher return for investment.
It happens that Chinese population in Toronto prefers to live in the GTA, but invests in downtown core.
I think a turning point for how much higher housing price can go further, is when carrying cost averages the rental income. That's when investment does not make any sense...we are not there yet.
Toronto Rental Yeilds currently at: 6.17%
Montreal: 8.59%
Beijing: 4.40%
Shanghai: 4.01%
London: 4.49%
new York: 4.57%
Toronto's rental yeilds are still amongst highest in the world, means higher return for investment.
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