Last month, for the first time in almost 18 years, I did not write my monthly real estate newsletter. Since I formed Plex Realty in 2003, I have diligently provided my thoughts on the Toronto income property market each month,
In this issue: Investing in Properties outside of the GTA & What is an appropriate Cap Rate for Toronto Rental Properties?
Cap rates in the GTA have been steadily diminishing as Buyer’s pay higher prices.
Toronto real estate prices forces buyers into more affordable markets
In this issue: City of Toronto Average Market Rents 2019 & Central Toronto Income Property Sales Statistics 2019
Residential Income Property Prices continue to rise in Toronto
Residential Rents continue to rise in hot Sellers’ market
In this issue: Are Income Property prices in Toronto going to rise even higher in 2020? & Toronto AirBnB update.
Hosts will have to register with the city.
Cap rates in Toronto will likely decline further.
In this issue: ‘Tis the Season to be Jolly & New AirBnB rules coming to Toronto.
A friend of mine posted the following letter on Facebook last week. Please give it a quick read: