Hold or Sell?

[Shelley Peever]

Hello everyone - I own a single family home in BC Canada which is currently my principle residence, and I also own a duplex that is a rental property in Ontario Canada.  I would really like to continue to invest, although with the interest rates, the restrictions and prices in Canada it is a challenge.  My question is, how and where do I purchase a second investment property? Do I sell the duplex in order to afford a larger multifamily property? I live in BC and properties here are extremely pricey with good appreciation.  BC and Ontario are the highest rents in the Country here for sure, but it is very challenging to make the numbers work for multifamily investing. When I purchased the full duplex, I inherited one side of the duplex tenants who are paying far below market rent, and new tenants on the other side are paying market rent. My mortgage payments on the duplex increased dramatically over the last year as well, and currently it is appraised at 720K with 4,100/mo rent. It was cash flowing until now when I have to re-finance at higher rate. Ideas welcomed!