![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/05\/tcsms-choose-floorplan.jpg\")
<\/a>Photo: James Bombales<\/em><\/p>\nWith post-secondary students expected to return to urban centres, and a likely post-pandemic immigration boom on the horizon, some new construction condo investors may be contemplating a rental property purchase in anticipation of these future market drivers.<\/p>\n
Buyer demand for new condos in the Greater Toronto Area has continued to accelerate in recent months. In April, the number of new condo apartment sales in the region broke a 20-year record<\/a>, soaring 69 percent above the 10-year average, the Building Industry and Land Development Association (BILD) reported.<\/p>\n In the rental segment, there are indications that the market has bottomed out as tenants return to cities to take advantage of low prices and prepare for post-pandemic life. Prices have continued on an upswing after experiencing steep declines throughout 2020, with two-thirds of Canadian cities recording rent price increases in April as per the latest report<\/a> from Padmapper.<\/p>\n Every year, a number of new construction condo projects launch sales across the Greater Toronto Area, giving investors plenty of choice when it comes to floorplans, buildings and locations. Yet, even with so many options, selecting the right type of unit for your particular investment needs can still feel overwhelming.<\/p>\n \u201cAs a first-time investor, the biggest learning curve is trying to understand the financial side of things, the mortgage, taxes and other costs related to buying an investment unit. The second challenge is what project to buy into,\u201d said Mark Cohen, Co-Founder and Managing Partner of TCS Marketing Systems<\/a>.<\/p>\n \u201cIn Toronto there are new project launches almost daily and you can get caught up trying to find the perfect unit and miss out on some great opportunities.\u201d<\/p>\n The downturn of urban rental markets across Canada in 2020 has often been attributed to<\/a> the red-hot resale market, along with less international migration and fewer student renters as universities switched to remote learning. With renewed interest in downtown life again, Cohen says that it\u2019s important to consider the future desires of potential tenants when it comes choosing the right project to invest in.<\/p>\n \u201cInvestors have to think of the lifestyle the renter is going to live,\u201d said Cohen. \u201cAt TCS Marketing Systems, we are seeing strong demand for outdoor space, multifunctional rooms and walkability.\u201d<\/p>\n In a CIBC Economics and Urbanation GTA Condo Investment report published in March, pre-sale investors were found to be in a better cash flow position compared to their resale counterparts in 2020, with more than half of new condo investors indicating they were cash flow positive by up to $600 a month.<\/p>\n<\/a>Photo: James Bombales<\/em><\/p>\n