What is a good real estate investment now. In Toronto, the return on investment on rental of any real estate remains low. One has to count on appreciation of the property to make money. This is somewhat risky but it appears that prices in Toronto have appreciated substantially through the years and will continue to do so. So hedging on price increase may not be that risky.  Buying condos on spec may become more popular again. Condos have taken a downturn during the pandemic but appear to have bounced back. The reopening of immigration has not begun and that may create a new demand.