News, Views and Trends!
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.
Continue reading “Right Now is the Right Time to Buy an Investment Property”
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…”
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?”
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!
Rents have definitely gone up with inflation (or even higher, in many cases, as we have seen in urban markets like Toronto and Vancouver). This is part of what makes rental properties attractive – rent rises with inflation and, in many cases, even higher. This is how you create your own pension or retirement income! Continue reading “Rent is up, vacancy is down… rental properties make sense”
Mortgage rates are still low… In fact, they are at record lows… 5 year fixed rates for qualify products can be found at 2.89%… some No Frills products are at 2.79% (stay away from these products).. Put another way, for every $100,000 of mortgage you borrower, your payment is $468/mth.
Compare this with the average 5 year fixed rate for the past 25 years being over 7.00% and you have huge potential savings. That same $100,000 mortgage would cost you $700/mth… That’s a $232/mth difference. No wonder more Canadians are buying homes, buying rental properties or tapping into their equity to invest. Continue reading “Mortgage rates hit all-time lows….it all adds up to record savings too.”
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