Investing Opportunities

[canuck78]

Prices do decrease, but eventually the graph has to go up.If a buyer can hold the property(in Toronto) for minimum 5 years, he can never lose money.
If you go with the reputable builder, built quality shouldnt be an issue.

Yes you can certainly lose money. In the 80s and 90s prices crashed. It can certainly happen again or just stay flat. People have gotten too comfortable thinking real estate investment area easy investments that are guaranteed returns. Condos and new builds are often built at the minimum of the building code which isn’t great quality and in big projects things get modified, some trades who work on the builds are not great and some too the materials are not always great quality. There are likely to be problems like buildings in Australia are currently facing. Not telling people not to invest in real estate but they should diversify and be prepared to hold for much longer than 5 years if necessary.

http://theconversation.com/there-are-lessons-to-be-drawn-from-the-cracks-that-appeared-in-sydneys-opal-tower-but-they-extend-beyond-building-certification-109428

 

[Gvarma]

Yes you can certainly lose money. In the 80s and 90s prices crashed. It can certainly happen again or just stay flat. People have gotten too comfortable thinking real estate investment area easy investments that are guaranteed returns. Condos and new builds are often built at the minimum of the building code which isn’t great quality and in big projects things get modified, some trades who work on the builds are not great and some too the materials are not always great quality. There are likely to be problems like buildings in Australia are currently facing. Not telling people not to invest in real estate but they should diversify and be prepared to hold for much longer than 5 years if necessary.

http://theconversation.com/there-are-lessons-to-be-drawn-from-the-cracks-that-appeared-in-sydneys-opal-tower-but-they-extend-beyond-building-certification-109428

Compare the prices now and in 80s/90s. Market crashed in 2007 as well. If you couldn't hold the property at that time, then you were not an investor. People who bought over their budget, were the ones who suffered.
You shouldn't just buy any condo. U need to have a knowledgable professional to guide you.

 

[steaky]

Yes you can certainly lose money. In the 80s and 90s prices crashed. It can certainly happen again or just stay flat. People have gotten too comfortable thinking real estate investment area easy investments that are guaranteed returns. Condos and new builds are often built at the minimum of the building code which isn’t great quality and in big projects things get modified, some trades who work on the builds are not great and some too the materials are not always great quality. There are likely to be problems like buildings in Australia are currently facing. Not telling people not to invest in real estate but they should diversify and be prepared to hold for much longer than 5 years if necessary.

http://theconversation.com/there-are-lessons-to-be-drawn-from-the-cracks-that-appeared-in-sydneys-opal-tower-but-they-extend-beyond-building-certification-109428

To be fair with regarding to quality of condos, it depends on the craftmanship of the builder or developer. Some are better than others. You can look at what happened in BC instead:

https://www.cbc.ca/news/canada/british-columbia/bc-leaky-condo-crisis-1.4609418