More people are seeing condominiums as an attractive investment opportunity than was the case a year ago, according to a survey released Monday.
TD Canada Trust said 44% of respondents in a survey of urban Canadians said conditions had improved over the last year with regard to the prospects of buying a condo for investment purposes. That was up from 21% in a similar survey done last year.
The bank said lower prices and mortgage rates are the main reason people are being drawn to condos as a way to make money over the longer term.
Read CNS’s full article “Condos seen as attractive investment opportunity” Canada.com (May 4, 2009)