Your Guide to the Canadian Property Market
Finding Cheap Properties
The best real estate investors buy low-value properties and then raise their value through improvements. Be-fore you invest in Canadian property, you should figure out where the cheapest properties are. Three of the best places to look are Sydney, Nova Scotia; Windsor, Ontario; and any city in New Brunswick.
Knowing What to Buy
To determine whether to invest in a particular property, figure out the cost of maintaining a property against bad weather and decay, the kinds of tenants you’ll be renting to, and the kinds of services that will be availa-ble to your tenants.
Properties and Homes
Don’t assume that owning a home is the same as owning a rental property. As a property owner, you’ll have to make repairs according to your tenants’ demands rather than your own. The options for finance are also dif-ferent for investment properties than they are for homes.
Investing in Real Estate
When investing in real estate, look for cheap properties, financially reliable tenants, and areas with good weather and social services. Remember that owning a rental property comes with different responsibilities than owning a home, and it gives you access to different financial options.