Real estate is still the safest investment choice. Land and home values are slowly and steadily increasing. Condominiums offer a more dynamic investment option as if done correctly they can generate a positive cash flow from rentals. Condo units are also cheaper and usually easier to sell than detached homes. However, to be a successful condo investor, you will need to know and do your duties as a landlord and to learn to find the perfect tenant. Here are some condo rental tips for first time landlords; Review your building’s rental rules. Condos in Canada are governed by ...
Condo Rental Tips for First Time Landlords
April 9, 2018
Which is More Beneficial – Buying a Condo or Renting?
January 12, 2018
I know what you must be thinking right now. Isn't that question a little bit obvious? Unfortunately, the answer to this question is not as easy as it was decades ago when common wisdom dictated that you buy a property as soon as you can. In fact, the schematics and dynamics of ideologies have evolved quite a bit over the past few years thanks to the cold hard economics that owning a home now brings to the table. No need to worry though. Here are a couple factors that we have put together to help you determine whether it is ...
What You Need to Know When Renting A Home or Apartment in Canada
December 20, 2017
Relocating to a new place can be quite a hurdle. Most especially when you have absolutely no idea what to expect in terms of rentals and what not’s. That’s why in a bid to make your relocation efforts a little less hectic we have compiled a few important things you need to know when you rent a home or apartment in Canada. Understand the expenses included in the rental rate Although other places might have a slightly different way of doing things, in Canada, the rental rate is often tagged to a number of different expenses. For instance ...
Rent vs Buy?
February 11, 2013
Are you wondering whether to buy or rent a condo? Well, the first thing to do when faced with a prediciment like that is to figure out your finances. Never bite off more than you can chew. Be honest with your self and take a long hard look at your bank account and the money you are bringing in and the money going out on a regular basis. When buying a condo don't forget that on top of your mortgage you do have a monthly maintenance fee and property taxes that need to be paid. When renting the only ...