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Updated over 7 years ago,
Real Estate Investing in Toronto Area, Canada
To anyone investing in Real Estate in Canada
Just wondering, for anyone who has been watching the Bigger Pockets podcasts online. Do you find the information relevant to the Real Estate in Canada? Or helpful when looking to invest?
I can't seem to imagine doing the same thing here (Toronto area)- the same way as they are explaining it online- wholesaling, flipping, etc. due to our prices being astronomically high.
To give you an example, a 4 bedroom, fully-detached house that is about 2500sq ft would normally cost about 600k or more. It's a lot more in certain areas.
Simply put, it is ridiculous.
Our gov't has also implemented new rules that make it tough for investors to make money doing real estate.
My question is, should I look elsewhere to invest?
I'd like to hear your opinion on this.