Should landlords and investors worry about vacancy rates in the near future? According to Brad Lamb in an interesting article on vacancy rates in Toronto, the answer is no.
Three reasons why the future is not gloomy for landlords and investors:
Toronto is a growing modern city. Apartment construction is almost non-existent in central Toronto. Toronto will need to keep developing to keep up with the demand.
The condo market is replacing the old apartment market.
The existing rental apartments are dated and falling apart. Young professionals and families will be looking to rent new and updated units.
To read the full article click here.
To hear more expert condo advice from Brad Lamb, tune into the CondoOutlet TV Show produced by N5R every Monday and Thursday at 6:30 Channel 21.