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Updated over 7 years ago on . Most recent reply
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Calling Ontario Real Estate Agents
Hi everyone,
I have to say I love this forum, I've already met countless people from it and made some great connections. I thought I'd reach out to see if there are many Real Estate Agents in Ontario in this forum. Would love to learn a little bit about your approach to the business & how you leverage your investment knowledge to help clients.
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Good day, yes i'm an real estate professional from Kitchener/Waterloo region. obviously still a hot investment market as well a we are also close to the GTA which has settled down some due to the crazy market of everyone wanting that next home or that next affordable investment, but in doing this it , the government thought that they could regulate investors by making it harder for them to invest when actually it made it easier for them due to the struggling complications for first time home buyers involving a so called " stress test " to the market of future fore casts of rising interest rates,
the first time home buyer needs to qualify for a home at 4.74% interest rate in order to actually get their true mortgage rate of 2.5% or what ever todays low rate is.
as an investor myself, i know cash flow is key but in rising home prices in Ontario its an actual win win even if you aren't cash flowing , but i'm not talking about taking a $1000 hit every month for you to keep up expenses for your investment property so your tenants are happy, but its a true mortgage helper in knowing that every year you can increase to the allowance of the landlord tenant act to a certain percentage, eventually soon enough it will cash flow, and your equity will largely increase,.
to make it even less stressful on some investors they are going the way of partnerships to leverage their portfolios and with the help of others peoples money grow alot quicker than doing it on their own.