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Ontario Investors - Where are you currently looking to buy.
Hi everyone,
We need to get this Canadian thread growing. Bigger Pockets is a great resource but the american content is only somewhat relevant to us here in Canada. I'm a mortgage broker, I got into the industry because I've been investing since 2013 (6 Multi-Family homes & counting :p).
Most my investments have been in Hamilton, ON which has treated me well. Which markets are you interested in and why?
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Hello @Jacob Perez
Glad you took initiation to find about the Markets in Canada, let get every Canadian Investor on to this thread
I'm currently investing in Windsor ON.
Reasons:
1. there's a great demand for rentals, limited inventory, growing population especially immigrants(Vacancy rate is below 3% in most of the rental neighborhoods)
2. GTA Ripple Effect, Toronto > sounding cities > Kitchener/waterloo > London > Next Windsor, though GTA market started to cool down, but not Windsor
3. Average single family price is 150k and average income is 50 - 60k, where as all the other cities mentioned above have at least 100k more and income has not much difference 60/70/75k
Hello Windsor ON(@Cassidy Logsdon @Matt Andrews @Account Closed
) friends, please add your comments/thoughts.
And love to here from all Canadian, which markets are you investing in and why?