All Forum Posts by: Ty M.

Somesh I have one property in Toronto. It has been challenging to acquire more properties but do you have any advice of areas you think I should focus on in Toronto or general acquisition strategies that work right now as an investor in Toronto or GTA . Also are you no longer going to be investing in this market ?

Hi Titus, I have decided to pause investing in the GTA market for a few years atleast. Inspite of the recent correction, as the house prices currently stand and with inflated interest rates plus steeply rising property taxes (year over year municipalities have increased taxes and utilities 7-15% to make up for covid deficits); cash flow is virtually impossible even if you buy in the GTA outskirts like Oshawa, etc. The extreme tenant friendly laws in Ontario and increasing regulations for short-term rentals are additional reasons why I do not find investing in GTA no longer viable. Hope this helps!

0 Votes

Upstate New York, New York

With the market and your situation I think it’s a good compromise . It’s a struggle to find cash flow in anything right now and if you get into a good area for your family where you can house hack a large part of your mortgage that’s a win to me (building equity)

0 Votes

Toronto, Ontario

0 Votes

Upstate New York, New York

Hello looking to break into the US market in 2024. I have 1 unit in Toronto Canada and want to look for opportunities across the border. If any one has experience with this it would help (Mainly the lending process) Toronto is a vibrant city with lots of renters but it’s also expensive and renters have more rights than landlords.

4 Votes

Toronto, Ontario

All Forum Posts by: Ty M.

Ty M. has started 1 posts and replied 5 times.

Post: From Toronto, looking to invest in Buffalo & Rochester area.

Post: From Toronto, looking to invest in Buffalo & Rochester area.

Post: House hacking numbers

Post: From Toronto, looking to invest in Buffalo & Rochester area.

Post: Investing in US markets