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Should You Buy A Parking Spot In Your Condo Building

Thursday Jul 2nd, 2020

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Toronto Condos

At a glance, it looks like a simple yes or no question: Should you invest in a parking spot in your condo? Do you have a car? yes. Don’t have a car? no. Unfortunately, the answer is much more complicated, especially when you factor in the pros and cons, the potential cash flow that comes with owning a parking spot, and the underlying costs. Whether you want a parking space for your own car or are looking to monetize your investment by renting out the spot to someone else,... [read more]

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