NOTE: We are not qualified mortgage lenders or providing any legal advice in any of our articles (including this one) – this is purely based on our experiences in Ontario. Does the Tenant Increase Value? Short answer: it depends. If you got maximum rent possible in your market, the tenants are great/cooperative and always paying on time, it might even make sense to leave them in (if, say, your home is a duplex, and the potential buyer can move into the other unit). Evict the Tenant! This is common first course of action. First off, an important note that many […]
High-end 2 bdm, 2 bath condo available for lease in Friday Harbour, Innisfil. Beside the water, tons of events throughout the year, many amenities. ALREADY LEASED!
Yonge and 16th in the middle of it all - Beverly Hills Condo - 1 Bdm + Den - 664 sq ft - this one is SOLD!
Should you get a condo as an investment? Ultimately, it depends on your strategy… for some investors, it works. However, we’re generally talking about the typical investor that is looking to get into a long-term buy and hold. Newer investors often buy into condos as it is an easier entry point. However, there are a few downsides compared to a freehold building: 1) EXPENSES Condo fees eat away at your cashflow, and the fees only increase going forward. One of our investors has a condo that she has bought a few decades ago and recently paid off, but since it’s […]