Smileycelia
New Member
If you buy a condo in downtown Toronto and stay there for a year, is it still worth it? Do you think you'd make a profit in a year with the way condo values are increasing? With closings costs, taxes, mortgage interest, legal fees, I wonder what is the minimum amount of time you should own a condo and keep it for it to be worth buying.
Any thoughts out there on this? I noticed that it's not uncommon for people to own a condo for two years before they move onto their next purchase.
Any thoughts out there on this? I noticed that it's not uncommon for people to own a condo for two years before they move onto their next purchase.