With the drop in oil prices and the concurrent drop in the Canadian dollar – hovering just around the 80 cent mark compared to the U.S. greenback – the Toronto condo investment opportunities are there for the taking, especially for those looking to step up into luxury listings.
“No city in North America has grown like Toronto; nowhere!” says Fingold. “The new condo buildings on the books to be built in the near future indicates this phenomena is not about to end, as long as interest rates remain low and stable.”
Founded in 1985 Forest Hill Real Estate Inc. has specialized in the sale of prestigious homes, luxury condominiums, country properties, estates, vacant lots and commercial and industrial properties. In the past decade alone, the company has participated in well over $10 billion in real estate sales volume.
Some 500 salespeople are in 14 offices in Toronto, York Region, Oakville, Muskoka and the Kawarthas.
“In 2014 we became the exclusive member for Toronto with Leverage Global Partners, a unique network that aligns the most prestigious independent luxury real estate brokerage firms from around the world,” says Fingold, which has only one exclusive member per community.
Websites and other online channels require explicit strategies and reasonable investment, adds Fingold.
“At Forest Hill, we ensure that our online marketing is fresh and interesting,” he says. “The marketing team regularly optimizes and updates the company social networking feeds and sites, maintaining engaging and enthralling content.”