Prices seem inflated? They seem ridiculously cheap to me. I just bought a condo in Toronto and a similar condo in Mississauga would be just over half the price.
Agreed. Prices in MCC have a very favourable Price/Rental Income ratio (and thus very good +ve cash flow potential). Can't think of another area where you can buy pre-construction 1Br for $220K-$250K (parking and locker included) and rent for $1,300-$1,500/mth (definitely not dt toronto).
Yes, I wish to know the sq ft that generates $1300 rent and sells for less than $250K in the MCC area that is in pre construction right now.