Should I sell my investment property and cash out today – Has the Etobicoke or Toronto market peaked?
I get asked this question often. There is no simple answer. I know how you feel that it’s tempting to cash out, prices are so high. This is a difficult question to answer precisely as really, nobody can predict what will happen in the future. Many are now thinking that the market may have peaked in the GTA, but only time will tell. There have been a few articles written in the press lately about the over-abundance of condos currently on the market and more coming on stream in the next 2 to 3 years. This could potentially create a supply problem and prices could soften in the condo market. Regardless, if you have equity in your investment property, then I would understand that you may wish to take out the equity and move it to other investments that may give you a higher return over the next 5 years or so. Over the past 3 to 5 years or so the rental market in Etobicoke has been very soft and I have noticed the quality of tenants has dropped significantly. This is due to our extremely lo
