Ordinary Canadians
can build wealth with investment properties.
Across
the country, ordinary Canadians are building personal wealth with investment
property. An investment property is being increasingly viewed as a pension plan
for the future, particularly since so many Canadians are not covered by
workplace plans. Over the long term, an investment property can be a great
source of retirement funds. Rental income typically pays for most or all
expenses and property appreciation has often outperformed stocks and bonds over
the long term.
This
is not just an investment for well-established business people and experienced
homebuyers. Savvy first-time buyers are often jumping in with both feet:
purchasing a duplex or triplex, and then managing the additional units to pay
down the mortgage while they make a start on home ownership. And parents who
add up the cost of accommodations for their college-bound children are often
deciding to be landlords themselves, seeing an opportunity to offset the cost
of housing with a sound investment.
There
are many reasons to consider investing in property. If you are thinking about
building wealth with an investment property, talk to us. We can help you
determine your downpayment options and run the financial calculations that you'll
want to see for cashflow and capital appreciation.
Michelle Natareno
Mortgage Agent
519-675-8798
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