All Forum Posts by: Sam Hanaa

US market has many benefits that Canadian market lack , None existent of rent control, prices in general seem to be less crazy like here. on the other hand you need someone there to manage your property , but minimum down-payment and interest rates are higher for Canadian so be prepared for that too. 

I wounder why in such hot market someone will sell off market beside to save on agent fees , be careful from surprises 

Thanks for the suggestion , but where in Ontario there is multi family building that isn't too old and need a ton of maintenance. 

If you are in Ontario , most likely people who live in 4 plex are not with a good credit score, I wonder how you are going to make sure they are good tenants 

@Anna Korishch  

@Ben Welch, same here, if you can increase your downpayment to 30% then you will be on the safe side cashflow wise, let us know here or on PM if you purchased anything. 

Also feel free to PM me if you want to exchange knowledge and ideas  

I have a condo town house pre-construction and to be completed in late 2022, the price is 400K , based on 2000 rent and 25000 closing fees  the cache flow will be -143 per month , now I know it is in negative , but my bet is more on price appreciation, also the hope of rent will go up in couple of years and it will turn to positive. Now I clearly know buying real estate with positive cache flow is the ideal situation, but that is not option for me in Ontario with <20% down payment .

I know nobody know future and all said here is opinion , but from your experience, knowing this realestate is in Kitchener Ontario  , do you think it is good investment for buy and hold ? 

 Great post thanks, I am planning to do similar, but most likely in cheaper places like Windsor, GTA now is out of my range. 

I am interested in meet up too , I already created an online meetup but was deleted because  I am not a paid member . if you are paid member create a meeting on zoom and share it with us 

The rule assume you will put 20-25% down payment, for sure if you but it all on cash most likely you will get it positive cache-flow unless some thing really go wrong . 

in Canada and especially in Ontario 1% rule is no longer applied unless you put large down payment. but for 20% down-payment this is just not possible  at least in large cities. 

 Sound like realtors in Ontario are so happy that market is active and prices are on rise for houses in general, while bankers have a bearish look and think the worst is yet to come. 

After doing some research the only metric I see is in line with the bearish outlook is the inventory , as I see house inventory is almost double the number of homes sold in Toronto. however we can keep in mind that because the market halt during the epidemic time. 

 Is there anyone here also have a bearish (negative) outlook to the housing market in Ontario ?