Home buyers may be struggling with being priced out of the market, but they’re still NOT being priced out of renting their next apartment, which is why income real estate in London, Ontario is an excellent investment despite The Landlord and Tenant Act—favouring tenants!
Whether an apartment condo, townhouse condo, single-family house or a duplex and up, run the numbers; you should be excited, and if not, re-run your numbers correctly. I know, I know, the last statement may have ruffled your feathers; you may be surprised at the wannabe investors who have tunnel vision and do not look at the big picture.
For example, if you believe the inflation rate is 8% and you have $100,000 in cash as a deposit, your thinking you have $100,000 is worth $92,000! If you believe that inflation is more than 8% as I do, then cash is trash!