Southern Ontario Rentals not covering Expenses

[Ralph Noack]

I am looking at properties in Brantford, Ontario, for family rentals, but finding it difficult to get  housing that can cash flow. For example, if a 3/4 bedroom house with 1or 2 bathrooms is going to cost $300,000 -$400,000  but the market is only renting out at $1400-$1600 / month, that doesn't leave anything leftover after expenses. And quite likely has me coming up short.  I want to get in on a market that is seeing house prices jump by 20% /year on average, but not at a monthly loss on cash flow.

Suggestions?