Most of the time when people think about real estate investing, they think of a single family home or an office building — rarely is it a condo that first comes to mind. And in some markets, that’s for a good reason because a condo truly IS a terrible investment. But before jumping on the condo hating bandwagon, I urge you to run the numbers for yourself.

In other words, hipness here has a fear of heights, and there remains a general knee-jerk disdain for apartment and condo living. Toronto’s "condo hate" is legendary, and the higher the building, the more intense the snark.

I thought the condo's [sic] were a more efficient use of space in the downtown core and helped reduce commute times by allowing people to live near their workplace at a more affordable price. Then why the hate?

I was on CBC Metro Morning on Monday to discuss "Condo Hating," and host, Matt Galloway used a very interesting term to describe the condo development in Toronto: "A necessary evil."