Ten York Real Estate Investment Stays Valuable

Whether you are investing in a luxury downtown condo, apartment or home for your family, the

Toronto real estate market provides investment opportunities for everyone. The Toronto real estate

market is the most popular housing market in Canada. If you decide to buy a home in Toronto rest

assured that you will be living in a city that has world class amenities, services, facilities and

entertainment.

Toronto's real estate market and availability is ultimately based on demographics: there has been an

influx of over a million new people to the Greater Toronto Area over the last decade and there is still

a massive shortfall of housing to meet the demand of these new residents.

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Furthermore, the subprime market crisis in the United States has many home buyers wondering what

the affect will be on housing markets in Canada, opening the door to uncertainty and speculation on

the Canadian market. The good news for Canadians is that the housing market has been setting

records for volume and units sold for five consecutive years now despite the problems coming to

light in the US.

A thriving Canadian economy has many suburban dwellers leaving the burbs behind to move back

into the cities. If you fall into this category, when searching for Toronto homes or Ten York Condo

for sale, you will need to collect information about the different areas of the downtown core to

determine if you are looking in a "buyer's market" or a "seller's market". Intense market competition

ensures that pricing cannot be raised artificially, so the people buying homes and condos are mostly

families or the downtown workforce, not speculative investors.

Not only is the Toronto housing market doing well, but newly constructed Toronto condos are also

in very high demand. With each passing year, Toronto condos are becoming a bigger part of total

Toronto real estate market. Exciting new homes and condos are being constructed in areas like

Eglinton / Yonge and King St. / Bathurst that offer residents access to the excitement of downtown

Toronto while still being in a calm, clean and safe area. The most popular areas to invest are projects

along the subway, close to downtown and at key intersections along the Yonge - Bloor corridors.

The Toronto Ten York condo market is an excellent alternative to home ownership particularly if

you are a first time property buyer or looking to downsize your current investment. The ever

increasing cost of a home in today's Toronto real estate market is making it very hard for a large

percentage of the population to become home owners. Condos also represent sound Toronto real

estate rental investments allowing would be owners to increase the value of their equity. Most home

buyers want to get good value for their money while at the same time getting a property that is in an

area geographically that they are comfortable with.

If and when you do decide to invest in the Toronto real estate market make sure to secure the

services of a professional real estate lawyer. In any real estate transaction a real estate lawyer will

handle; the deed, the bill of sale, mortgage arrangements, promissory note, title commitment and the

closing statements on your behalf. Getting a good interest rate on your mortgage is also crucial to

being able to afford your investment and avoiding foreclosure.

There are many stories in the news recently about small towns in the United States that are full of

new homeowners that are not able to afford the mortgages for their new homes and are losing

money in their investment due to the subprime crisis. While this situation may be an unhappy one

for the people involved, buying in an urban market such as Toronto can help to mitigate problems

by offering increased investment flexibility. Whether you would like to purchase a new family

home, commercial real estate for your business or a luxury Ten York Condo, Toronto can provide

you with numerous options to choose from.