Thinking about buying an investment property in Toronto? The trend, at this time, is in investment condos.Here are some relevant facts you should consider before taking the plunge.

1) 47,000 new condo suites due to hit the market through to 2011.

2) Thousands of immigrants expected to move to the city over the next year.

3) CMHC forecasts net migration will increase 4.7% to to 67,500 in 2010 and many new residents look to rent condos upon their arrival.

4) CMHC says conditions in the condo rental market remain the tightest even with many new units coming on stream. Young professionals ,many working in the downtown financial centre, are attracted to condo rentals as they accumulate savings for a home purchase while living close to work and the downtown lifestyle.

5) Interest rates remain low but will be rising.

6) Average home price rising but still low compared to major municipalities outside of Canada.

7) Tight vacancy rates expected to continue.

8) new property investment requires 20% down payment.

9) should have a 5-7 year window to allow for positive cash flow.

Your strategy should be to buy, hold and rent the property to generate income over and above your mortgage costs, while building equity over time.

Achieving positive cash flow means renting out your property for more than your monthly mortgage payment and other costs.