Station Park | 18, 28, 36, 40, 50 fl | U/C

[tomh009]

Having crunched the numbers on a few in the past, I think they're poor investments from the get-go with any honest estimates of vacancy and maintenance. I've seen units being sold for prices whereby the owners would essentially be subsidizing their tenants' housing.

Indeed. At the moment the best-case scenario is pretty close to a break-even on operating expenses vs rental income, and you are completely dependent on property appreciation for your investment. In the meantime, you need to find tenants and manage your property (or pay someone else to do it).

I'd rather invest my money in REIT. Or Canadian bank stocks, for that matter.