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Updated over 3 years ago,

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Canadian Real Estate

Purchasing a rental property

Account Closed
Posted

I currently rent in Toronto but planning to invest in a rental property out of the province. A friend told me that I need to own a home, or at least paying for one before I can be approved to get a rental property. Is this true? I don't plan to move out of Toronto anytime soon but I do want to start investing in a rental property to start building my wealth.

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