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Updated over 1 year ago, 07/12/2023
Promising areas/markets to start my real estate portfolio!
Hi everyone, my name is Max. I’m new to bigger pockets and I am an aspiring real estate investor. Now, I was wondering… given how tough the real estate market in Canada is these days, does anyone have any recommendations for specific markets/areas to look at when trying to start my portfolio? I know this is a bit of a general question, but any information/recommendations on some of the “best” areas/markets (where you can still get in quite cheap and the place has good growth potential) in Canada to start my investing journey would be much appreciated. And whether you have recommendations because of personal experience/success in those areas, or if it’s your own personal opinion, I’m all ears.
Lastly, I want to apologize in advance of this question bothers anyone. Yes, I know it’s general, might be hard to answer, and ultimately is a very beginner type of question, however I am a complete beginner in the real estate world, and everyone needs to start somewhere. So, any info on where to start looking for properties would be great… oh and also, would you recommend trying to buy a single or multi family home as my first property? Keeping in mind that I am hoping to hold it for the long term and have it be the first property in my portfolio!