Current real estate values and the fluctuating property prices aside, investing in real estate in Ontario has proven to be a profitable investment option for generations. However, for many Canadians, the question of how to successfully invest in real estate is somewhat a tricky one. This article focuses on different ways to make money in the Ontario property market. But first, let’s evaluate what...
Many Canadian investors often aim to cover their monthly expenses with rental income, expecting to profit from their rental property’s appreciation. Even with 20 percent down, most investors still break even monthly, which means long-term real estate investment in Toronto produces strong returns consistently. What about Toronto short-term rentals? Are they profitable? How do you run a short-term rental?...
Ontario’s Landlord and Tenant Board (LTB) focuses on resolving disputes between rental property landlords and tenants. They also address eviction applications filed by housing co-operatives. LTB provides comprehensive information about specific procedures, rights, and responsibilities of landlords and tenants in accordance with the Residential Tenancies Act. One of the issues covered is...
Property developers want to move to the next real estate project as soon as the current one is completed. Similarly, landlords want to focus on other aspects of their investment projects. Even if property developers or owners continue to hold titles to the property, most of them choose to delegate the management of day-to-day operations to a third party – residential property manages? What are the...
One of the most reliable sources of passive income aside from bonds and stocks in a condo investment. Investing in an apartment, residential condominium, or office unit to rent it out creates steady monthly rental paychecks similar to purchasing dividend-paying bonds or stocks that usually pay interest income. Besides, any appreciation in the value of a real estate investment comes as an added benefit...
What are all the costs involved in purchasing a property? If we had a dollar for everyone that said they only knew about the down payment, we would be rich. First-time homebuyers are sometimes not aware of all the moving parts of all the associated costs. Education and coaching will make the process more seamless to prepare for you on this homeownership journey.Apart from the 5%-20% deposit of the...
Investing in real estate is a free-wheeling, entrepreneurial way to make money. But it can be a shocking change for first-time investors who are more used to working an ordinary job with a paycheck and fixed hours. Managing the shift well takes more than just collecting investment know-how. Success in real estate investment requires dedication and focus, and these qualities can be tough to cultivate for those who are used to following a boss.
