That kind of property will rent to cover its price. Buyers are much more sophisticated and knowledgeable today than they have been in the past and they should be able to gather information about a specific area and type of property. If you have the right person and the right company to represent you then that part of your work is done and a lot of these things fall into place. Then choose an area you like that fits into the price bracket. If you like your realtor, try to open up to them, trust them and get their professional advice.
People often are quite tight-lipped and keep questions to themselves, without getting any feedback.
It's the first time that properties are selling close to assessed value, which is where they should be. These are new houses, but they're only 5,000 square feet. That's a world-class market and those buyers are coming from all over the world. It's an excellent time for buyers to look. There are some good buys in buildings that have been stigmatized, probably unfairly, just by virtue of the leaky condo situation.