To invest or not to invest?
Dear Real Estate Renegades,
My husband and I bought a condo (745 sq.ft 1 bed + den 2 bath ) in Toronto (Downtown Markham) during the pre-construction phase at 247,900.00. Thinking ahead, we are looking to buy a house in the Markham area but considering keeping the condo as an investment property due to the uniqueness of the project. Remington has released a new condo project, selling similar condos to ours for about 309,900.00. So my question to you is this: should we sell the condo now with a 60,000.00 profit or should we keep it as an investment? If we keep it as an investment, when should we sell (considering the new construction and cooling market)? Any other advice would help.
A new couple trying to get in the real estate game.