Investment Properties
Rita Cousins Senior Mortgage Advisor • September 16, 2019
More Canadians are Purchasing Investment Properties
Here's Why
Return on Investment
Residential real estate is a solid estate investment, typically appreciating faster than inflation.
Better alternative to student residence
Many Canadians are sending their kids to university and college away from home. Housing them in an investment property purchased specifically for that purpose is a good option.
Pension plan for the future
Over the long term, an investment property or multiple real estate holdings can be a great source of retirement funds
Earlier access to a 1st home
For first time home buyers, a duplex or triplex can be a terrific way to get into home-ownership. Rental income from the extra units can offset the cost of the mortgage.
What you need to know about investment properties
- A minimum of 20% down payment is required for an insured lender.
- Less than a 20% down payment will incur higher interest rate with an uninsured lender.
- Once you have more than 4 properties, you will need to spread your mortgages across several lenders to avoid reaching maximum number of mortgages per investor that a lender will approve
CALL ME IF YOU ’RE INTE RESTED !
Rita Cousins Senior Mortgage Advisor
C 604 230 9206
F 1 877 282 0857
[email protected]
http://www.ritacousins.com
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Besides this Husky being adorable...also...adoptable😀 Read more here. 📣 "In the real estate business, you learn more about people, and you learn more about community issues, you learn more about life." - Johnny Isakson
The Township is offering a variety of free and low-cost outdoor events in every neighbourhood during July and August. “Summer Nights in the Township is a series of free and low-cost family-friendly events held throughout the Township that are open to residents and non-residents. Everyone is welcome to attend. We try to rotate events throughout the Township to give people the opportunity to enjoy a free experience close to home,” said special events manager, Kevin Muirhead. “This year’s lineup includes concerts, movies in the park, Family Fun Nights and a Community Water Fight. Plus, we have our popular events at The Outdoor Experience at Aldergrove Community Centre returning this year as well.” Concerts at the Willoughby Community Park Amphitheatre every Thursday evening at 7 p.m. will showcase talented musicians from different genres, while outdoor movies at various parks will feature family-friendly films. Find out more
