You can afford a second home, let us show you how!
Now that low interest Canadian mortgage rates are readily available, it seems like the perfect time to invest in a second home. Here’s what you should know before purchasing a second property.
Things to Learn Before Buying a Second Home
1) Do your research.
You will need to resist the urge to buy a home because you want a getaway. Research the properties, area, and low mortgage rate options beforehand. This is an investment, not just a vacation.
So, you’re thinking about investing in real estate? Congratulations – property investment is a great way to diversify your portfolio and improve your financial footing during periods of economic uncertainty.
There’s just one problem – you don’t know where to start. Read more
Investing in property has long been a great way to diversify your portfolio and improve your long term returns.
Unfortunately, recent rule changes have changed the playing field for many potential real estate investors. While buyers used to be able to purchase an investment property with very little down and still receive a great rate, current hiccups in the market and changes to legislation are making it more difficult for investors to get in the game. Read more
Does the thought of investing in real estate appeal to you? Well, now could be the perfect time to take the leap into the rental investment arena. The continued strength of the nation’s real estate market, along with the expectation that interest rates will remain low, should provide plenty of appeal for investors looking to ramp up their real estate portfolio.
According to a recent report released by Bank of Montreal Economics, there are a plenty of advantages to investing in commercial Canadian properties. Earl Sweet, senior economist and managing director at BMO Capital Markets has stated that “After a severe and protracted market downturn in the 1990s, the commercial real estate industry in Canada has been characterized by cautious development and prudent lending practices.” This calculated approach has enabled the sector to reamin extremely attractive to investors. Read more