Home ownership is a great investment in Canada. It been proven over the years, you principle residence is even greater investment, low interest mortgage payments is helping Canadians to pay off their home early with lots of interest savings. Other hand rents are going up and up, there is no chance that rent will be cheaper in future, than the current year.
Is it a good time to buy a condo in the GTA?
The true answer, no one knows. Prices have gone up a lot but still cheaper than the Vancouver real-estate market, but GTA properties are catching up pretty fast to the western market.
Expert still saying it is a good time to buy a condo in Toronto, is it? I do not know.
If you still want to buy a condo in the GTA area, then I am your realtor, your way, just give me a phone call or write me an e-mail, if you preferred, I am just a phone call away.