Toronto Escorts

Best place to invest Pre construction??

Where would you buy?? For Best Return ???

  • Toronto

    Votes: 5 35.7%
  • Woodbridge

    Votes: 3 21.4%
  • Oakville

    Votes: 3 21.4%
  • Mississauga

    Votes: 3 21.4%
  • Brampton

    Votes: 0 0.0%
  • Georgetown

    Votes: 0 0.0%
  • Scarborough

    Votes: 0 0.0%

  • Total voters
    14

Hammerstein

bored and sleepless again
need andother choice

Hmmmmm given the following choices:
Toronto
Woodbridge
Oakville
Mississauga
Brampton
Georgetown
Scarborough

I think I'll opt for none of the above. Since I see growth for the population beyond the growth that is already hppening in the area local to me.

james t kirk said:
Toronto.Who wants to live in the 905.
Ummm not knockin Toronto but no thanks and there is almost nothing wrong with 905 area... but then again I don't live in that area code.
 

james t kirk

Well-known member
Aug 17, 2001
23,932
3,679
113
One place not on your list is Hamilton.

Hamilton is positively CHEAP by Toronto Standards. Some great neighbourhoods (rundown, but amazing architecture). Hamilton is the poster child of all that was bad with 1960's autombile oriented municiple planning.

But at least Hamilton is a proper city, unlike the burbs around Toronto.

If Hamilton can ever attract some yuppies who want to live downtown, it would be a great investment. It's on the GO route now, but so far the GTA wave ends at Burlington. Burlington used to be a suburb of Hamiton. Now, it's a suburb of Toronto.

Problem is that Hamilton is still Hamilton. Are its glory days behind it forever?

I'd like to think not.
 

oldjones

CanBarelyRe Member
Aug 18, 2001
24,495
11
38
Pre-construction, all you're buying is a piece of paper. Bigger the risk; lower the price. You really want to consider what things like a hold up in construction—say the municipality wakes up to some environmental weirdness and says "Stop"—means to your investment, or the builder can't cope with higher lumber prices because the US market suddenly re-opened.

If you have very little money laid out, and can afford to wait, fine. But the more the time weighs on you, the more you need to really look into what guarantee you have that the building you hope you're buying will show up on the day you expect. I'd say that's more important than location.

What makes a "better location" to you? The one most people are rushing to buy in, so you can resell. Their Real Estate Boards and Boards of Trade can give you numbers. And if your piece of paper's solid, you can resell that w/o waiting for the bricks and mortar.
 

jimmyt

New member
Jan 31, 2005
2,172
0
0
james t kirk said:
One place not on your list is Hamilton.

Hamilton is positively CHEAP by Toronto Standards. Some great neighbourhoods (rundown, but amazing architecture). Hamilton is the poster child of all that was bad with 1960's autombile oriented municiple planning.

But at least Hamilton is a proper city, unlike the burbs around Toronto.

If Hamilton can ever attract some yuppies who want to live downtown, it would be a great investment. It's on the GO route now, but so far the GTA wave ends at Burlington. Burlington used to be a suburb of Hamiton. Now, it's a suburb of Toronto.

Problem is that Hamilton is still Hamilton. Are its glory days behind it forever?

I'd like to think not.
If you can find a place in the Hess Village area, or at the foot of the Mountain, your equity will grow rather quickly. Hess Village in particular is heading the same way Yorkville did in TO over the past 10 or so years
 
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