Toronto Income Property Newsletter: Spring 2025
This has definitely been an interesting few months to start 2025 to say the least. We have a new Liberal Prime Minister (for now) with an upcoming election in a few weeks, all the while the U.S. President has been on a tear with his America First objectives. There’s tariff talk. There’s 51st State talk. Many property investors are concerned about the impact that some of these potential initiatives will have. A lot of things are in limbo at the moment so it will be interesting to see how things shake out and how it will ultimately affect the Toronto market. Spring is the time of year when we usually see the most action in Toronto real estate sales. I think it is fair to say to say that we have an interesting ride in store for us for the rest of this year.
The Central Toronto income property market seems to be holding firm for the time being. There is still demand for well-priced properties in top locations of the city. Interest rates are slowly going down. People have to move on with their lives regardless of how all these macro-economic forces play out, so the real estate market may not be decimated by what we might have forthcoming. Conventional wisdom would suggest that after our election happens and the weather gets hotter, there will be less uncertainty in the market.
If you are interested in buying or selling residential investment real estate in Toronto and would like to chat more about where things are headed, please feel free to reach out to me at any time at paul@plex.ca
– P.A.
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The on-again, off-again American tariffs may be poised to adversely affect the Toronto resale market.
Toronto Vacancy Rates Rose in 2024
Largely due to the high rental completions and increased competition from unsold condo rentals.
Snapshot: Top Income Property Sales of 2024
Top triplex sales in top Toronto neighbourhoods that caught my eye in 2024.
