What are the Best Areas of Canada in 2022 for Long-Term Real Estate Investment?
Jerret Tomkins
I Help New Investors Get Started in Real Estate | Real Estate Investment Expert & Wealth Builder | Founder of Jamestown Capital
Where to invest is one of the toughest questions to answer when getting started in real estate. To determine where to invest, it is important to first ask yourself what is your main source of return on investment.
This can be achieved in multiple paths & will determine where you should invest:
1.?Appreciation?- If appreciation is how you plan to obtain return on investment, there are really few places to invest; Vancouver, Calgary & most importantly the Greater Toronto Area are the only areas with strong ROI; however, these areas are capital intensive.
2.?At Point of Purchase?- If your goal is to obtain equity & ROI at point of purchase by buying assets under value, there are a few areas to focus on, mainly the East Coast, Manitoba & Northern Ontario. Be prepared to submit numerous offers before having an accepted offer & ensure that you are connected with strong local agents in the areas you are looking to invest in.
3.?Buy & Hold?- If buy and hold is your strategy for investing, then the options are limitless on where you can invest. This will ensure you gain equity from tenants paying down the mortgage and fits all investor budgets.
The most important aspect of investing is to establish your investment strategy as that will determine all your next steps. If you are a novice investor looking to get started and unsure of where to begin, please feel free to get in touch with me to explore partnership opportunities for investment.
Happy investing :)
?