Quote:
Originally Posted by canabiz
We were looking for an investment property and the numbers did not work out.
This is not to say it does not work for others.
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For it to be a cash flow positive investment up front one would need to be nearly 100% capital invested.
The days of condos being offered cheaply pre construction and fetching a handsome post construction gain are gone. Now that Ottawa has entered a moderate risk position due to condo vacancies its not a fantastic time to be an investor. That being said we're just in a holding pattern and things will shake out.
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