Tridel Form Condos – Great Buy for Users and Investors
Recently, I have been swamped with queries from people from India, the Middle East, US and other parts of Canada. Mainly to ask about investing in a new condo for their adult children who will be moving to Toronto to study in the next 1-3 years. Sure there are some great new condo projects in neighbouring Mississauga, which might be more affordable, but nothing beats the excitement of buying and owning a condo in the vibrant and lively Downtown Toronto, if you can find a great deal.
Downtown Toronto works ideally for young adults moving to Toronto primarily for commuting ease. Toronto is so well connected by the TTC and with the rest of the GTA with GO Transit, that owning a vehicle is not a necessity here.
I personally feel that Tridel Form Condos would be a great pick for my investor clients. One-bedroom suites at Tridel Form in Downtown Toronto start as low as $344,000 (approximately US$260,000 or AED 954,000 or INR 17, 340,000) . Though parking is not available for one-bedroom suites, it is not so much of a necessity for reasons explained above.
For my international investors, it is a double win, you get to secure a condo now which would be delivered in the next 2-3 years (closer to when your adult children move to Toronto to study), and also benefit from the current low Canadian dollar value.