@Jamie Blair this is the challenge with rent control that exists in many provinces in Canada.

Alternatively, I could go further (Sudbury, Winsor, or even cross-province to Saskatchewan/Alberta) to find <200k properties.Question to my fellow BPer and experienced investors.

You may find it easier to get cash flow in another province such as New Brunswick or Nova Scotia. 

I have properties in two different provinces and taxes are very different-I pay the same taxes on property worth $280K and $600K.

Best province and city in canada to invest  for single family houses and multi family houses.

Purchase price: $918,000 Cash invested: $184,000 NOTE: Couldn't select the right City & Province (should read Sherbrooke, Quebec, Canada)Brand new 4 plex bought before the Covid construction cost craziness What made you interested in investing in this type of deal?

Life can be very unpredictable.Something I could have never predicted was becoming a brokerage owner at an early start in my real estate career.Being thrown into an unfamiliar industry, I was entrusted with managing brokerages in 3 different States and 1 Province.

Just make sure that you don't give them the option until they've done the roof.Finally, unfortunately in most if not all states/provinces you can't legally bind a tenant of residential real estate or an optionee to perform repairs.

If he is then you shouldn't have too much trouble finding a real estate attorney who can draw one of these agreements up for you specific to your state/province.

@Luke LadzikFirst, you will want to get an idea of what you can finance first so that you know what price you can search for.Then get some help from Realtors in those areas that you like and determine if you can get a cash flowing property and or sufficient appreciation over time to continue growing your portfolio.You may want to consider other provinces like New Brunswick/Alberta/Nova Scotia where prices are lower.I am investing in Nova Scotia now.