TEK Tower (30 Francis) | 45 fl | U/C

[taylortbb]

They look to be selling fast from the website. Definitely marketed as a good deal towards Toronto investors, the sales office is in Toronto as well. But I reckon the rent needing to be charged is astronomical and far and above the current market, $841,000 for a 1 bdrm, my goodness what a joke

I just don’t understand what rational person would purchase without looking at the market that the property is actually in…

Some people have a near-religious belief that property only ever appreciates. I debated this extensively with an ex girlfriend, and despite her being an accountant, she had an absolute belief that in the long run property would always be a good investment and appreciate. Her entire extended family shared that belief, and invested accordingly. Given they've been investing in southern Ontario since the 90s, they certainly so far have done quite well.

If that's your priors going in... the price doesn't really matter. I suspect their views are hardly unique.

Also, lots of Toronto people just see KW as the new Mississauga, Milton, etc. The next stage of the GTA's growth. They don't really view it as a separate city, so they likely believe they have looked at the market, because they've looked at the GTA.