In mid\u002DDecember, the average rent for a one\u002Dbedroom apartment in Toronto was $2,279.
As we plunge into 2023, I cannot help but be optimistic. The year 2022 was Baker Real Estate Incorporated’s second-best year for sales since the company was founded in 1993.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
With prices continually on the rise, they also earn equity in the meantime. Investors also understand that rental rates are at an all-time high, so the ROI outlook for them is encouraging.Article content Another reason for real estate being a popular investment is that unlike stocks and bonds, which are money on paper and can fluctuate wildly while you sleep, it is a tangible investment.
In addition, many long-time investors who paid double-digit mortgage interest rates in the past understand that our current rates are still relatively low. A great percentage will settle in Toronto and the GTA, and why not? Toronto continues to rack up international awards for quality of life, education, business, etc.
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