Pre-construction condos are the perfect way to investment during CIVID-19, time is on your side, constructing a new building takes time and you will want to invest in a development with an occupancy date that is 3-4 years out. This will ensure that the resale and rental markets have had enough time to fully recover from COVID-19. While the building is being built, you have no expenses other than your required deposits.
While the building is under construction, you get to participate in the appreciation of the real estate market without any of the hassle of managing tenants, plus any unit built after November 2018 is not subject to rent control and landlords can adjust the rental rate to whatever the market forces allow each year.
Victor Alvarez, Sales Representative
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Square Toronto, ON M5J 2G4