So, the Real Estate selling prices in Toronto (Canada) are not falling as they are in the USA, but with such low interest rates being presently offered by the lenders in general, my wife and I, too, had to take advantage of the great opportunity that popped up in the market.
We bought an Investment property located south of Rogers, West of Dufferin that was being sold by a Bank under Power of Sale. It's a property with a Detached Home with 3 units (3 kitchens, 3 washrooms) with 3 separate entrances, an independent laundry and 2 possible parkings. A few renovations are needed but we are really taking care of it (wheeping tile, water service, few new appliances, painting, new faucets, new doors...) in order to preserve the great value.
