When chosen strategically, condos like most other types of investment properties are a good investment if you are looking to start or expand your real estate portfolio. There are also many other advantages when purchasing condos as an investment (and of course some disadvantages) that make them a popular asset in an investment portfolio.
For anyone that has kept up to date with the latest news (2012-present), there has been ongoing condo development in the greater Montreal area. This boom has helped bring down the price of purchasing condos for both first time buyers and investors.
Montreal is unique to most cities and boasts a 50/50 rental/owner market. Meaning that 50% of the market are renting out properties. This 50/50 market also boasts a low vacancy rate which in turn helps ensure condo investments stay viable and the price of those assets does not drop, in most cases only increasing.
This drive in the market can come at a cost if/when oversupply of condos becomes a problem for the re-sale market. Condos bought strategically will not suffer from this downturn to the same degree.