Where to invest in Real Estate

[joy857]

Agreed, all similar cities like Woodstock, Brantford, St. Thomas are seeing a crazy uptick in prices

Quick question, can a person purchase a house in ON and lives in BC? Are there any additional taxes or loops they have to go over?

Thanks!

 

[gurpreet.ts]

Quick question, can a person purchase a house in ON and lives in BC? Are there any additional taxes or loops they have to go over?

Thanks!

I think it's doable, no concerns as such that I am aware of. Do you mean like buy a property as an investment?

 

[joy857]

I think it's doable, no concerns as such that I am aware of. Do you mean like buy a property as an investment?

Yes as an investment.

 

[cansha]

Coming to the forums after a long time. This was quite an enjoyable thread to read.

 

[aigerimuz]

Question: Can a Work Permit holder buy a rental property?

 

[Lazymon82]

Question: Can a Work Permit holder buy a rental property?

I think banks do not allow mortgages for investment property if you are not a permanent resident/Citizen.

If you want to purchase with full down payment i do not see why not but i'm not 100% sure.

 

[vivek901]

Right now GTA is over priced. Not sure if real estate is the best investment right now. Better invest in growth stocks or buy leap options

 

[milon45]

Hi,

I've recently become a PR in Canada, and I would like to invest in real-estate. Where would you recommend are the best areas for the highest ROI from rentals or best prospect for appreciation like soller mallorca ? (Max. investment of 800K CAD)

I did alot of google searching but thought I would check with you all directly as well.

Thanks !

Certainly! For a maximum investment of 800K CAD in Canada, I recommend looking into cities like Toronto, Vancouver, Calgary, Edmonton, Montreal, Ottawa, Saskatoon, and Winnipeg. Each of these cities has its own unique real estate market dynamics, so you may want to explore the one that aligns best with your investment goals and budget.

 

[foodie69]

Certainly! For a maximum investment of 800K CAD in Canada, I recommend looking into cities like Toronto, Vancouver, Calgary, Edmonton, Montreal, Ottawa, Saskatoon, and Winnipeg. Each of these cities has its own unique real estate market dynamics, so you may want to explore the one that aligns best with your investment goals and budget.

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