Thinking of buying a rental property in the gta. How likely is it that it won’t get rented out?

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To be honest if you’re planning on doing rentals in Toronto you’re probably going to be losing money each year and are basically buying in for proposed long term property appreciation for when you go to sell versus smaller markets in Canada where you can net some cash each year and partake in property appreciation

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Rental will be hard, mortgage rates are low, people moving into a townhouse can probably mortgage themselves

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There will always be people looking to rent, particularly if it’s a good location. But given GTA real estate prices your investment probably won’t be cash flow positive unless it’s a multi family unit (like a triplex).

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Depends on the type. Look at condos right now - TONS of inventory and prices have come down. But townhomes and singles are probably another story.

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Looking into a townhome

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The market is flooded with condos for rent. As a renter, i legit have so many options and have been able to bargain like never before.

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Rental property a very smart move . Can also write off lots of expenses . Speak with ur accountant and realtor and they should advise you.
Even if u can’t rent for 2 months , you still will make positive income .
DM me if you have any question, I recently got a rental property.

Rental property is good. Just got a duplex in hamilton. Hamilton has good property near go stations detached small houses for decent price. Rent is on the rise in hamilton and area.

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