Investment Properties

Investment properties have become increasingly attainable for the everyday Canadian.

In recent years, the narrative of Canadians has been steadily woven with the success of residential investment properties. This path has unfolded as a beacon for those looking to enhance their financial portfolio, with real estate shining as the protagonist in countless investment success stories over the past decade. Aspiring investors contemplating their entry into this realm would find wisdom in seeking counsel from an experienced Mortgage Broker. Such a dialogue is the key to unlocking a treasure trove of innovative financing options and securing the competitive rates the market has to offer, marking the beginning of their own success story in real estate investment.

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With expert advice at your fingertips, you’re well-equipped to make informed decisions in the ever-evolving landscape of Canadian real estate investment.

YOUR GUIDE TO INVESTMENT PROPERTIES

An investment property refers to real estate purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both. This can include residential properties, such as apartments or single-family homes, and commercial properties.

Financing an investment property typically requires a higher down payment compared to owner-occupied properties, often around 20-30%. Lenders may also have stricter eligibility criteria, including a strong credit score and proof of income. Exploring options with a mortgage broker can help find the best financing solution for you.

Benefits include potential rental income, property value appreciation, and tax deductions related to property expenses. Risks involve possible vacancies, unexpected maintenance costs, and fluctuations in the real estate market. Careful research and planning can help manage these risks.

Consider factors such as location, property condition, local rental market conditions, and potential for appreciation. Properties in areas with strong employment, good schools, and amenities are generally more desirable. Conducting thorough market research and possibly consulting with real estate professionals can aid in making an informed decision.

This decision depends on your availability, expertise in property management, and willingness to handle day-to-day operations and tenant issues. Self-managing can save on management fees, but hiring a professional can alleviate the burden of management tasks and is often beneficial for investors with multiple properties or those living far from their investment property.

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