9 Key Factors to Consider in Ontario Real Estate Investment
- Market Stability: Prepare for potential market fluctuations despite historical stability.
- High Entry Costs: Major cities may demand substantial initial investments due to high property prices.
- Regulatory Awareness: Stay updated on rental regulations and tax laws that impact investment strategies.
- Property Management: Decide between self-management or hiring a property management company for rentals.
- Location Importance: Choose locations wisely; they significantly influence income and appreciation.
- Financing Challenges: Rising interest rates can affect cash flow and mortgage costs.
- Maintenance Planning: Budget for ongoing upkeep and unforeseen repairs to safeguard your investment.
- Tenant Care: Screening and managing tenants crucially impact rental experiences.
- Exit Planning: Plan an exit strategy, whether it involves selling, passing down, or maintaining long-term income.