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starting out in canada
8 posts by 8 users
Colin T.
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I appreciate all the advice posted and I understand the language of money is universal. I would be interested also in any advice on rei in canada. |
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Susan G.Residential Lender
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Hi tpm, nowadays, there are lots of free resources on the internet from which you can learn the A to Z of investing. Also, you should have a team of professionals working with you. What I mean by a team is a realtor, who have the market knowledge of which property is investment-worthy, a mortgage broker, who is able to save you lots of money by giving you the best mortgage deal, a lawyer for legal advise, and if you have any friends who have been in the business, learn from them. I would suggest to start ASAP. Prices have been increasing like crazy, so you don't want to wait until it's not affordable anymore. Vancouver is a great place to invest. Btw, I am a mortgage broker in Vancouver BC. So, if you have any questions regarding mortgages or financing, don't hesitate to contact me. I can also hook you up with realtors here too. Good luck with your investing! -Susan Gozali- |
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EdgeWorth
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Your best bet is to look for pre-construction condo's and lots which are located in places near the future oilsands projects in Alberta. The appreciation factor is excellent. Its always best to start as early as possible. |
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Cory A.Residential Real Estate Broker
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There is a lot of opportunity to invest in Winnipeg. The little time I spent there I noticed many reasonable multi unit dwellings that could provide good cash flow. The rehab market or “flips” were few and far between but a buy and hold strategy should generate some decent income. |
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Brian W.
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As someone who is begging their real estate investing plans, I've done research, and am looking for sites, and quality information. I guess we're not supposed to post links though. If you want some a great resource, google: the Real Property Association of Canada - great source for well.....I'll let them say it. Here is a quote from their site. " REALpac is Canada’s senior national industry association for owners and managers of investment real estate. Our members include publicly traded real estate companies, real estate investment trusts (REITs), private companies, pension funds, banks and life insurance companies with investment real estate assets each in excess of $100 million. The association is further supported by large owner/occupiers and pension fund advisors as well as individually selected investment dealers and real estate brokerages. REALpac is an exclusive, executive organization whose vision is to be Canada’s most influential voice in the real property investment industry." Just in case anyone wonders, I don't work for them or whatever, they've just made my search for knowledge easier in few key ways. |
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Rick H.
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I have found both of Don Campbell's books to be a wealth of information in respect to REI in Canada. Very indepth in all aspects. 1. Real Estate Investing in Canada 2. 97 Tips for Canadian Real Estate Investing |
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Joe K.
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The Vancouver market is at a huge high right now, but with the olympics coming up in 2010, it could very well get even bigger! Regina and Saskatoon, Saskatchewan are in a boom, as Saskatchewan is starting to get used to it's fullest (future oil areas, potash, etc.), I'd say definitely research here. |
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Neil O.
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Gotta be careful investing in Canada and Western Canada in particular. While the economy in Western Canada is stellar, the housing prices are as well. There are very few properties that will cash flow. A good deal around here is a $200k townhouse that will get you $1200 a month rent. Most investor here are banking appreciation. This is a by product of all the oil money kickin around. Neil |
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Posted: 06/26/2007 at 10:10PM