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Updated over 9 years ago on . Most recent reply

Account Closed
  • Registered Nurse (ICU)
  • San Jose, CA
332
Votes |
496
Posts

Top Markets in Canada for buy and hold cash flow?

Account Closed
  • Registered Nurse (ICU)
  • San Jose, CA
Posted
I'm originally from Canada and still own a rental property there. I am looking to possibly buy more and curious to know what are the top Canadian markets to buy in right now for a cashflow buy and hold strategy and perhaps some house hacking for my father. I would prefer the western side as I have family scattered in that area but it would not be a deal breaker.

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137
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Dave Vogt
  • Investor
  • Port Colborne, Ontario
31
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Dave Vogt
  • Investor
  • Port Colborne, Ontario
Replied

I can certainly atone to the market in the Niagara Region. As a long time investor in cities like Niagara Falls, St. Catharines, Port Colborne, and the surrounding areas, there is still plenty of opportunities to find great investments. 

We are still benefiting more every day with the influx of commuters, increasing job stability, and ongoing increases in property value. I'm not going to predict anything, but rentals always seem to stay steady regardless of what the market does. 

Traditionally a long term investment strategy will always put you on top if you buy smart and plan well. I've yet to make a bad investment here and often scratch my head at all those who choose to invest in the Toronto area or wait until an area is seeing really good growth before investing. 

Hamilton was predicted to be the next big thing back 10 years ago when I first started investing. There are still places you can make gains, but I think the majority of people investing there now have missed the boat on the great long term holds. Many of you who follow the ACRE system and Don Campbell will know what I'm getting at here. 

I don't personally follow Don's system, but he's the guy who said Hamilton would be hot and he was certainly right all those years ago due to transportation corridors and other such research into modern city growth patterns....hats off to Don. He was right and is rarely wrong. 

It's those outlying areas that are seeing the growth now. Those small towns where people can still afford to buy a home that seem to be getting the additional boost as Toronto and the major metropolitan areas continue to explode. Immigration alone is a huge driving force behind the growth in Ontario. With more than 85,000 immigrants a year calling Ontario home. They need a place to live and they often bring money with them to make this a reality. 

This is an ever increasing part of the growth of our country and something everyone who invests here need to keep top of mind. This ripple effect has been a huge part of the growth for the metropolitan cities in Canada. 

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