No need to ask the question as to why investors love condos as investments, you just need to look at the year-over-year statistics on the condo rental market. Over the last year, studios rose 8.2% in price and one-bedrooms rose 4.3% in price. The average studio is the GTA now rents for $1359/month and the average one bedroom now rents for $1626/month.
Of course, this all bodes well for Toronto’s continued success as a choice for investors to buy real estate, specifically condominiums.
Note: based on MLS statistics.