Taginvestment property

Posted November 29, 2023 Finance

The Case For Short Term Rentals

A couple weeks ago, the federal government announced they’re cracking down on short term rentals. Property owners will no longer be able to claim their rental expenses against the income they make, thereby making it far less lucrative to rent out properties on sites like Airbnb or VRBO.

I think this is a huge mistake. People argue that short term rentals limit the availability of inventory for long term renters, but I believe this view misses the big picture for a few reasons.

Posted November 20, 2023 Mortgage Tips

There’s An Investment Opportunity Hiding In Plain Sight

There’s a lot of uncertainty surrounding the housing market right now, and with uncertainty comes negativity. Clickbait headlines. Grim forecasts. Pessimistic chatter. It all gets in the way of seeing the opportunities that can arise during challenging times like the one we’re in.

But if you’re someone who sees the big picture, you might want to keep reading. There might just be a unique investment opportunity right under your nose.

Posted February 23, 2023 Mortgage News

Right Now is the Right Time to Buy an Investment Property

The pandemic was a scary time for landlords. You may remember Premier Doug Ford essentially telling Ontarians in March 2020 that they wouldn’t be evicted if they didn’t pay rent. For corporate investors, this announcement was damaging. For small investors, it was downright disastrous.

Rental properties as a secure long-term investment

Posted January 23, 2020 Real Estate news

Real estate may not be sexy, but…

Rental properties are a secure long-term investment. Note the emphasis on “long-term”.

Check out any seven-year period over the past 50 years (anyone who has read this news site knows that I always recommend buying and holding for at least seven years). Property values have almost always risen.

Sure, the last five or 10 years have seen fantastic appreciation in almost every part of Canada. But, let’s leave capital appreciation out of the equation for now.

Why aren’t we talking about rental income? Or, how about the equity growth through your mortgage being paid down each year?

RENTAL INCOME IS UP, UP, UP!

Part of what makes rental properties attractive is that rent rises with inflation (or even higher, in many cases, as we have seen in urban markets like Toronto and Vancouver). This is how you create your own pension or retirement income! Continue reading “Real estate may not be sexy, but…”

Posted March 26, 2019 Interest rates

Why are We Being Poorly Advised Against Homeownership?

Something strange has been going on over the past decade. We’re often being told – and, in many cases, convinced – that it’s better to rent than to own.

I firmly believe everyone should own their home. In fact, I think we should own at least one investment property… and, in many cases, more than one, but I’ll get to that in a minute…

I can understand why many people, particularly Millennials, are believing it’s better to rent than own. After all, it’s easier to rent. Just look online for a condo or house for rent. Apply, sign the lease and you’re done. We’ll call this the Convenience factor.

Continue reading “Why are We Being Poorly Advised Against Homeownership?”