Podcast 12: Hear From the Experts: What You Need to Know About 8 Elm on Yonge
Podcast 12: Hear From the Experts: What You Need to Know About 8 Elm on Yonge
That’s right, only 15% down until occupancy in Spring 2027!
Then you can secure your spot in one of the hottest locations in the city.
Yonge and Dundas is the busiest intersection in all of Toronto, with over 100,000 people crossing the intersection daily.
Toronto Metropolitian University (TMU), formerly known as Ryerson University, now has over 47,000 students enrolled. University of Toronto (U of T) has over 65,000 students in the downtown campus. That's over 112,000 students, not to mention all the reisdent doctors, nurses, hospital staff, and workers in the financial district.
They all have to live somewhere.
CIBC Deputy Chief Economist Benjamin Tal says that there will be a huge lack of supply and high demand in the coming years. Labour shortage, labour costs, material costs are the major problem. Developers are holding back.
"Supply will be an issue. Supply will ease in the next few years. Projects will be delayed, because its not economical to build. When the interest rates go back down, supply won't be there."
With the average rental price increasing at 19.5% year-over-year, now at an average price of $2,806 per month, owning a rental property in the hottest part of Toronto is a no brainer investment.
If you have young kids and you are thinking about what to do when they eventually have to go to school, investing in this pre-construction project might be the answer.
You can get a head start on their future by investing in a condo that won't be completed until Spring 2027. Only a 15% deposit is required until occupancy, so it's an easy way to get started on their future. All you need is 15% total deposit until 2027.
$10,000 on Signing
Balance to 5% in 30 Days
5% in 120 Days
2.5% in 380 Days
2.5% in 540 Days
Final 5% on occupancy in Spring 2027
If you're ready to get started, reply back to this email and let's secure your unit, ahead of the official launch on September 24.
Schedule your call now to review floor plans and pricing.
https://calendly.com/broadviewavenue/ken?month=2022-09
PODCAST (VIDEO):
Podcast 12: Hear From the Experts: What You Need to Know About 8 Elm on Yonge
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