Barrel of oil is up, Canadian dollar is way down, stock market feels like you’re riding a roller coaster at Canada’s Wonderland. Where should you put your money?
I’ll show you why you need to buy this Toronto condo now.
Here are 3 points to take away:
Capital required for investment properties is minimum 20% of the purchase price, for stocks you’ll need 100% of the purchase price
At a conservative 4% annual appreciation you’re looking at over 12% ROI. Historically, Toronto’s real estate averaged around 6-8% annual appreciation
Money in the bank is a losing proposition. Inflation is stripping away ones purchase power. Get your money to work for you and invest in an income producing asset
And until next time happy investing.