With the pre-construction condo market setting all kinds of sales records this year, and prices for quality product averaging well over $650 per square foot and higher downtown, I’m encouraging my investor clients to once again consider looking at resale properties. Top-notch resale properties in excellent locations can be had for $600 per square foot […]
I had a condo buyer email me recently and tell me they were looking to buy a resale condo with a 6-7% cap rate. This would be a somewhat rare but  achievable cap rate if you were buying a multi-unit freehold property in the core of Toronto, however, for a condo, this kind of cap […]
Time to Give Resale Another Look?
November 18, 2011 / by Andrew la Fleur / Insights
With the pre-construction condo market setting all kinds of sales records this year, and prices for quality product averaging well over $650 per square foot and higher downtown, I’m encouraging my investor clients to once again consider looking at resale properties. Top-notch resale properties in excellent locations can be had for $600 per square foot […]
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Cap Rates and Condos
November 22, 2011 / by Andrew la Fleur / Insights
I had a condo buyer email me recently and tell me they were looking to buy a resale condo with a 6-7% cap rate. This would be a somewhat rare but  achievable cap rate if you were buying a multi-unit freehold property in the core of Toronto, however, for a condo, this kind of cap […]
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