city/town with best multi-family cap rates within 4 hours of TO?

[Account Closed]

Hello, based on the liberal parties recent immigration goals, and the fact that most immigrants (around 70%) end up somewhere in Ontario around Toronto, i'm thinking the entire area will continue to boom for the next decade at least. 

what are some towns/cities within 3-4 hours of Toronto with decent rent to purchase price ratio (gross monthly rent > 1% of purchase price) that are also poised for more growth? is it even possible to find such a deal? i'm also investing remotely, from Quebec so it should be relatively turnkey. thanks

[Melanie Dupuis]

Hey @Account Closed, go northern Ontario! caprates are between 7%-10%, and the cashflows are great! You do not get as high of a market appreciation year over year, however you can get forced appreciation when you renovate and reposition the asset.