Rental Property in Canada

[Alex Kovalenko]

Hey guys - just getting into rental business. When you are buying a condo for rental purposes what are you looking for? 

I know 2% is a good rule (as in if it costs $200k it must generate $4k). In the market where I am at (GTA - greater Toronto area) - condos cost around $400k Canadian for 2 bedroom and rent for around $2k Canadian (so I guess its only 0.5%) Is this a good investment? Good thing is that they appreciate 5-10% a year.. When buying - what do you recommend checking? Thanks for your help!

[Chris Baxter]

Originally posted by @Adam Narbon:

Hai Loc. Are you for real? I’ve been doing this before you were born. And continue to do so. Preach it to someone who cares Hai!

 Adam, there is no need to get snippy and condescending with other forum members that don't share your views. Good on you for finding a way to invest in Toronto condos. There are many others that steer clear of this type of investment for all the reasons identified in the thread. The whole point of the forums is to engage in discussion and to help each other out, not to pound chests and tell the world how great we are.