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I don't know about that area of Canada but I was recently looking at condos in and around Toronto and they are hot as hell. It's a bit different than the market in Florida, here most condos are a depreciating asset, like a car. They are always tearing down and building new. No one seems interested in renovation, it's all about the new. I realize Toronto is a big city, but if the condo market is near the same, even on a smaller scale, seems like a pretty sound investment to me.
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