Cap Rates Are Back!
Just when it seemed like the investment thesis in TO wasn't making sense anymore, things come roaring back. In one of my first blogs in this series, I wrote about one of my investor clients who really studied the investment thesis in the TO condo market and we analyzed how/where the best returns could be found. That analysis took place near the end of 2016, when resale prices were much lower but rents were still high enough to justify an investment. Then, between January and