NYC is like Toronto..

Believe it or not that is not bad for Canada.. in Toronto its 1/3 of %

Hi everyone, I’m going to study at the York University in Toronto next year and I’m the whole reason for me going to Canada for my university is to start my own rental real estate business (I’m planning to start with buying properties near major universities) there.

Hi everyoneI’m a RE agent from Toronto but we’re looking at Oshawa, Kitchener and Waterloo for some cashflow investments as a part of our diversification program.

I was listening to the Vancouver Real Estate Podcast episode 123 featuring Brad Lamb from Toronto, he recommends to buy pre-sale condo, and by the time you the condo is built, you will already have gained a good capital, then you can rent it out and refinance due to the value of the condo increases. anyone have any tips?

Right now, I mainly only have properties in Cleveland and Toronto.

@Hai Loc stupid compared to Toronto?

https://www.nfpaproperties.com/post/hamilton-the-new-toronto-for-rental-rates

In Toronto an investor would want vacant possession because the rents can be reset to whatever they want based on demand..We only have a cap of 2.2% increase on rents per year.. so assuming the tenants will only realize those gains..You need to understand what the market bears for rental.. if they are already paying market rents and the increases are flexible then there is not much of an issue assuming but I would also get some kinda background reference for each tenant.. you might be assuming a horror tenant..

I agree with @Carolyn Hodo, you definitely want to speak with lenders and brokers before getting the process started to make sure you're able to get the financing you need.I've done this before in Toronto as well.