Investing in Real Estate Canada

Investing in Real Estate Canada

Many of us think of investing our income and savings in a plan that promises good returns. Mutual Funds, stocks and bonds are some of the options people look upon for investments but real estate is the most lucrative of all. It is attractive for people who want to make extra income through  increase in prices over the time. It ensures that your investments will be of good value when you decide to liquidate them in the later years. Like Investing in Condos like 75 Esplanade Condos  and Aquabella Condos can give you great returns because builder is best in Canada and locations are unbeatable of Downtown Toronto.

Benefits of real estate investments

Real estate investors can work with mortgage brokers and real estate agents to track down a property that is high in demand on the rental basis and that can be mortgaged on low price plan. The earnings can come from the monthly rent and knowing the yearly appreciation of the property.

This is also beneficial for people who are bad at savings. You can purchase a property at the minimum down payment possible and go for a mortgage plan that’s suitable with your investment/ income plan. This will ensure you are making a monthly payment of a fixed amount of money from your income. At the end of the term, if the market is favourable, you can sell the property and get your forced savings back.

The risk

A real estate investor should not forget the risk of investing in a real estate property. Usually the property prices soar with time and the chances of loss are pretty slim. But, odds are everywhere. Like every investment, real estate investments can go wrong too. This may include sudden fall in the demand of your property due to factors leading to its unpopularity. Factors like

  • A better project at competitive rates in the same neighbourhood.
  • Decreased security in the area
  • Unavailability of transit services at walking distance
  • Your property being a part of old project
  • Property in a congested area that might make driving around a pain
  • Unavailability of basic places like hospitals, schools, shopping malls near the property
  • Unstable market of that particular area

Affect the property prices to a great extent. It is therefore very necessary to consider each and every factor well before making an investment in the real estate. A good decision benefits you for the life time and a bad decision might make all your earnings and investments go down the drain.

Checkout this Video by Kevin O’Leary

Things to consider while buying a home in Canada

Who doesn’t want to own a house of his own? It is a dream of almost all of us. We all want to own a place that we can call ours. We want to turn that place into our dream place and want to be proud owners of a place that would leave everyone in awe. Toronto’s hot real estate market where hot project halo condo on prime location of collage and yonge launches, you can also get halo floor plans as well.

 

Real estate is a market that seems very tempting for investment. No matter how much tempting it might seem, it can leave many in troubled waters. There is a lot to be considered before investing in the real estate market of Canada.

  1. The foremost thing that needs to be considered is how well prepared you are. Buying a house needs full time commitment. It will require a lot of hard workman investment and then proper maintenance to keep it in good shape. You need to prepare yourself for all this. The next thing is to see how ready your bank account is. Are you able to buy a place on full down payment? Can you go for mortgage or if nothing works out, see if you can afford rentals. Third and last thing is to see the condition of the market and then take a decision accordingly. The market keeps on fluctuating. The best time to buy a property is when the prices are low. Go for a place that might yield you better returns when you want to sell if off later.
  2. The second step comes in choosing what and where you want to buy. First you need to slim down the location. You can choose from urban, suburban, small cities and towns and rural areas. The choice is all yours. It all depends upon your lifestyle and how you want to change it. After the area has been decided, the next step requires you to choose the kind of house you want. For this, you need to keep in consideration the reason you are moving out of your old place plus the amount you can afford to pay for the new place. In Canada there are a lot of options available. You can choose from single family detached, linked, and duplex, townhouse or condos. Again, if you go for condos, you get many more options to go with. You can buy a previously loved place or a newly built unit.

If all these minor details are taken care of, buying a home in Canada becomes very easy.

Checkout this CBC report.