Season’s Greetings everyone. I would like to wish all my friends and their families a very safe and happy holiday season. We’re on the verge of a new decade so I hope that all your dreams and aspirations come to pass.
This has been another year of high prices and lower cap rates for investment property purchases. Relative low interest rates coupled with a lack of overall supply and a larger buyers pool have continued to make Toronto very much a Sellers’ market. It has become increasing difficult for buyers to get the upper hand and as result cap rates can often slip below 4%.
Next month I will do my yearly wrap-up of income property sales and look forward to what 2020 might have in store for us.