Hi first post
We moved to Ontario from England last November.
We had already bought 2 condos in Toronto off plan. The first one completed in November and cost us $232,000 in September 2005; 10% down. It was appraised by the bank for mortgage purposes at $330,000. 60% mortgage($198,000) through HSBC-$1,131.30 per month on 5.75% variable ( I normally liked fixed rates but believe that rates will only drop at the moment; famous last words.) Rental $1,550-00
pr month.
Hope this gives some ideas of what is happening. Still some bargains to be had on the condo market i think and also some very attractive developments just released e.g Aura, although the market is not as hot and you need someone in the know.
andrew