Income PropertiesMarket Updates
Income properties continue to be popular and it looks like investors will take very low cap rates.
Looking at the price of real estate in Toronto it’s no wonder that investors are looking at any way possible to own it and have someone else pay part of the carrying costs.
From a return on investment perspective it appears that the numbers don’t make that much sense but the real estate/land itself is escalating quickly. It looks like rents, which were somewhat flat during the pandemic are on the rebound. This makes owning an income property somewhat high demand and prices are up. Good income properties in central neighbourhoods are hard to find. There are very few that go to market.