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Saving for downpayment? why it won’t work for you.

February 27th, 2008 · No Comments

Toronto Condos! Call Yossi Kaplan 416.441.2888 x 678

Prices of Toronto Condos and Toronto Real Estate have been increasing for over a decade now, with downtown Toronto making condo investors very happy as their investments have doubled in the past 7-8 years.

Recently, one of my readers was asking:

Dear Yossi,

If I am able to save $10,000 each year, in a 4.25% guaranteed rate, how long before my savings will grow to allow me to afford a downpayment on a downtown condo?”

 Read my answer in the VIP Section >

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Tags: Investing