Think Toronto real estate doesn’t cash flow? Too expensive? Not worth it anymore? Think again.
- Myth 1: Toronto’s income properties are way too expensive.
- Myth 2: Toronto strong appreciation days are over.
- Myth 3: Investing in old houses is a bad idea.
- Myth 4: Nicer Toronto neighbourhoods have better appreciation.
- Myth 5: Toronto income properties don’t cash flow.
At Elevate, we help everyday investors build wealth through smart multiplex investing in Toronto. Let’s clear up the biggest misconceptions that might be holding you back — and show you why this year might actually be one of the best times to invest.
Myth 1: Toronto’s income properties are way too expensive.
Sure, Toronto real estate isn’t cheap — but it’s not as out of reach as many assume. With interest rate hikes over the past couple of years, prices have dropped significantly. In fact, a lot of the properties we help clients buy are under $1 million.
The key? Focus on rental-heavy neighbourhoods where homes sell for less because there’s no end-user premium. You’ll get better rent yields and more stable returns. Want even better upside? Buy in early-stage gentrifying areas. You’ll pay less today and likely gain more in appreciation.
Myth 2: Toronto’s strong appreciation days are over.
Wrong. Toronto houses are still one of the strongest appreciation markets in Canada — and it’s not slowing down. Why?
- Canada’s biggest city = real housing demand
- Job density, transit, and lifestyle perks keep Toronto in demand
- Scarce land means limited supply = long-term price pressure up
Affordability might push people outward temporarily, but the fundamentals keeping Toronto strong haven’t changed. Long-term, this city still delivers.
What's Happening In Toronto's Real Estate Market?
Want to know what’s been going on in Toronto’s real estate scene lately? Curious about where the market is heading? Our expert insights have you covered!
Myth 3: Investing in old houses is a bad idea.
Older homes might need some TLC, but here’s the upside:
- You’re paying more for land (which appreciates), less for the building (which depreciates)
- More potential to renovate and add value
- Possibility to add new units — like a basement or backyard suite
Yes, they need maintenance — but with smart renovations and good property management (we can help with that), older homes can become stable, high-performing assets.
Myth 4: Nicer Toronto neighbourhoods Have better appreciation.
Top-tier neighbourhoods may be desirable, but they often come with a steep price tag and lower rent yields. At the other extreme, areas with no development momentum can stall your returns.
Our sweet spot? Neighbourhoods in transition.
These spots are still affordable, have strong rent yields, and offer solid long-term appreciation as the area improves. Yes, gentrification can bring a bit of mess and noise — but also big upside.
Myth 5: Toronto income properties don’t cash flow.
Condos? Sure, they’re deep in negative cash flow territory right now. But multiplexes? Whole different story.
- More units = more rental income
- Toronto makes it easier than most cities in Ontario to add legal units
- Triplexes and homes with backyard suites are outperforming many other Canadian markets
If you want strong, stable, and scalable income, multi-unit investing in Toronto is the way to go.
What Toronto Real Estate Investment Is Right For You?
So… Is It Still Worth Investing in Toronto Real Estate?
Absolutely — if you know where to look and what to buy.
Ready to stop letting myths hold you back? We’ll show you how to find, buy, and grow wealth with the right Toronto income property — backed by data, experience, and a team that’s done it all before.
Book a free strategy session with our team today.
