Скачать или смотреть SHOCKING TRUTH: 81% of Toronto Condos Are Cash Flow Negative in 2024! 😱💸

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Did you know that a staggering 81% of Toronto condos closed cash flow negative in 2024? 😱💸 This dramatic shift is shaking up the real estate market, and today I’m breaking down all the details for you.
In this video, Toronto real estate specialist Ari Armani of Royal LePage will dive into the financial realities of condo investments completed in 2023 and the first half of 2024. Nearly a quarter of all completed condos last year were bought without a mortgage, possibly through HELOCs, but the real surprise is the surge in cash flow negative properties.
Here's what you'll learn:
📉 The percentage of condos closed cash flow negative in 2023 vs. previous years
📊 The impact of rising interest rates on condo ownership costs
💡 Why condo investors are now facing tough financial decisions
🏢 The average monthly ownership cost and how it's affecting the market
🔍 A look at why more than 30% of condos completed in 2023 are losing over $1,000 per month
This is a major shift from just a few years ago when condo investments were more profitable. The financial landscape for condo investors has changed dramatically, and if you're in the market or considering investing, you need to be informed.

👉 Don't miss out on these critical insights! Hit the subscribe button and like this video to stay updated on the latest in Toronto's real estate market. Share your thoughts in the comments below – how are you navigating these challenging times?

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Stay informed and stay ahead of the market! Thanks for watching.

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