SEARCH
Generic filters
Filter by Categories
All Condos
Ask Andrew
Insights
New Condos by City
Aurora
Barrie
Bolton
Bracebridge
Bradford
Brampton
Caledon
Calgary
Collingwood
Dundalk
Halton Hills
Hamilton
Kingston
London
Markham
Thornhill
Milton
Mississauga
Cooksville
Port Credit
Square One
Montreal
Newmarket
Niagara Falls
Oakville
Oshawa
Pickering
Richmond Hill
Smithville
Stayner
The Blue Mountains
Toronto
Bayview Village
Beaches
Bedford Park
Briar Hill
Cabbagetown
Corktown
Corso Italia
Danforth Village
Davenport
Distillery District
Downtown
Eglinton West
Entertainment District
Etobicoke
Fashion District
Forest Hill
Greektown
Harbourfront
High Park
Kensington Market
King West
Leslieville
Liberty Village
Mimico
North York
Regent Park
Rustic
Scarborough
St. Clair West
St. James Town
The Annex
The Junction
The Kingsway
The Queensway
Wallace Emerson
Waterfront
Yonge and Dundas
Yonge and Eglinton
Yonge and Sheppard
Yonge and St. Clair
Yorkdale
Yorkville
Vaughan
Maple
Thornhill
Whitby
Whitechurch-Stouffville
New Condos by Deposit
10% Before Occupancy
5% Before Occupancy
New Condos by Developer
Acorn Developments
Alterra Developments
Altree Developments
Amexon Development
Aspen Ridge Homes
Ballymore Homes
Benvenuto Group
Branthaven Homes
Briarwood Development Group
Broccolini
Brookfield Residential
Camrost-Felcorp
Canderel Residential
Capital Developments
Castlebridge Development Group
Castleview Developments
CentreCourt
Chestnut Hill Developments
Cityzen
Clifton Blake
Collecdev
Concert Properties
Concord Adex
Conservatory Group
Consulate Development Group
Context
Core Development Group
Cortel Group
Craft Development
Creek Village Inc.
Crown Communities
Daniels
Devron
Diamante Development
Diamondcorp
Distrikt Developments
Dormer Homes
Downing Street Group
Dundee Kilmer
Edenshaw
ELAD Canada
EllisDon Capital
Empire Communities
Fernbrook Homes
Fifth Avenue Homes
First Avenue Properties
Flato Developments
Forest Hill Homes
Freed
G Group Developments
Genesis Homes
Georgian International
Gordon Wells Ltd.
Graywood
Great Gulf
Greenpark Group
Hullmark
Kaleido Corporation
Kingdom Development
KingSett Capital
Lamb Developments
Lanterra
Latch Developments
LCH Developments
Liberty Development
Lifestyle Custom Homes
Lifetime Developments
LJM Developments
Madison Group
Marlin Spring Developments
Menkes
Metropia
Metroview
Minto
North American Development Group
Northam Realty Advisors
Old Stonehenge
Options Development
Oxford Properties
Pemberton Group
Phantom
Phelps Homes
Pinnacle International
Plaza
Primont Homes
QuadReal
Reserve
RioCan
Royalpark Homes
Royalton Homes
Saxon Developments
Sierra Building Group
Slate
Solmar Development Group
St. Thomas Developments
TAS
The Remington Group
The Rockport Group
The Sher Corporation
Time Group Corp.
Treasure Hill
Tribute Communities
Tricar
Tridel
Triumphant Group
UrbanCapital
Urbane Communities
VANDYK
Westbank Corp
Westbank Corp. and Allied Properties
Westdale
New Condos by Occupancy Year
2019
2020
2021
2022
2023
2024
TBA
News
Podcast
True Condos Approved
Uncategorized
Videos

Buy to Sell in a Buyer’s Market

While the title of this post may sound confusing at first, the meaning is simple: whenever you buy a condo, make sure it is a unit that would be easy to sell again in the future – even in a strong buyer’s market. This is advice I always tell my clients, especially investor clients. May seem like common sense, but it is worth exploring a little further.

Besides a brief 6-month window between October 2008 through April 2009, the Toronto market has basically been a seller’s market for the better part of the last decade. Anything sells in a seller’s market, and hopefully when it comes time for you to sell you reap the benefits of a strong seller’s market, but what if you sell and the market is slow? What if there are 10 listings for every buyer, instead of the other way around? Make sure you buy smart and buy a condo that will be easy to sell and sell quickly even in a buyer’s market.

Some more tips to consider when thinking about selling in a buyer’s market:

  1. Always buy a property that a wide range of buyers would be interested in.
  2. Avoid one-of-a-kind units. Cookie cutter condos are not always a bad thing when it comes to investment!
  3. Be wary of units with special features like terraces, multiple parking spots, customized kitchens etc. Not all buyers appreciate these features and therefore they will not be willing to pay extra for them.
  4. When in doubt, buy the smaller of two units. Smaller=Cheaper=More potential buyers
  5. Go as high as possible. The 25th floor will sell before the 2nd floor in a slow market.

In a hot market like we are in, it is easy to lose sight of the fundamentals of real estate investing. Buyer’s often ‘settle’ for a property that does not meet the above criteria just to get into the market. Don’t settle and always think about what if you had to sell during a buyer’s market.

Questions about buying investment condos in Toronto? Contact me directly or leave a comment here.

Last Updated on

Tags