“It’s just one month, but a new set of numbers from Toronto builders showing condo prices climbing just 2% on a year-over-year basis could make investors think twice.

The condominium market in the city, the biggest of its kind in North America for that class of housing, is largely based on a capital appreciation. Most investors finance their units knowing that they will be unable to carry them on a cash-flow positive basis based on present rental rates.” (Financial Post: March 20, 2012).

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http://business.financialpost.com/2012/03/20/toronto-condos-lose-investment-lustre/?__lsa=3e31f320

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