Only 18% of newly purchased resale properties are cash flow positive, and around half of new construction closings that were purchased 4-5+ years ago coming online now are cash flow positive. As you may know, cash flow is oxygen. Unless you can supply oxygen from other means to keep this thing alive, or maybe you don’t need oxygen at all (25% of new condo closings don’t have mortgages), becoming a landlord is a losing proposition.
Is it even financially viable to invest in Toronto real estate any more?
Watch this podcast on YouTube: https://youtu.be/rHI9u82GuGI
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