Buying an investment property is a solid finical decision in this day and age. With a booming economy and good appreciation of the real estate market, investing is a rental property can help you achieve your retirement goals.
An investment property is also being increasingly viewed as a pension plan for the future, particularly since so many Canadians are not covered by workplace plans. Over the long term, an investment property can be a great source of retirement funds. Rental income typically pays for most or all expenses and property appreciation has often outperformed stocks and bonds over the long term. There are many reasons to consider investing in property. If you are thinking about building wealth with an investment property, talk to us. We can help you determine your down payment options and run the financial calculations that you’ll want to see for cashflow and capital appreciation.