Hold vs Sell my investment home in Hamilton

[Sienna Lu]

Hi Everyone, I am new to BP. By browsing for a couple hours, I know that this is a great forum with a lot of info. Really appreciate everyone sharing info/knowledge.

I bought a freehold townhouse in Hamilton last year about $650K, the rent is pretty good and can almost cover everything. The tenant is leaving end of Jun this year. I also need to close another 4 single family properties in the next 1.5 years all new built homes in Ontario. I managed to get firm approvals from banks for borrowing up to 80%, but still worry that the banks may change their minds in the last minute. I am quite stretched at the moment. Based on the report (link below), Hamilton market is overpriced by over 40% and will need a correction. So I am thinking whether I should sell it and capture the gain, and it will be safer for closing the next four properties. But on the other side, it's a great property with balanced cashflow, which is not easy to find in Ontario nowadays.

Appreciate everyone's input.

https://betterdwelling.com/can...