To come out on top in real estate investing, you need both dollars and sense. When you buy a property, you’re investing tens of thousands of dollars into a single investment vehicle.
So you were able to purchase your own home with five percent down (although the minimum down payment required changes depending on the purchase price of your property). As a real estate investor, how much you will need as a down payment for your investment property is dependent on whether the property will be owner-occupied or not.
Although qualifying for a mortgage as an investor involves many of the same basic considerations as if you were purchasing the home for yourself, you may find that there is limited information online specific to purchasing a rental or investment property.
When thinking about Leduc, think central location and think business and commerce. With a great deal of amenities including parks, schools, and recreation facilities, the city is vibrant and bustling.
In case you haven’t heard of Leduc before (we’re talking to our out-of-province investors) here’s some information you might want to know:
On January 1, 2018 Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI) introduced significant changes to the qualifying rate for uninsured mortgages.
TriUrban’s team of professional investors spent a lot of time analyzing exactly what these changes meant to investors. We came to the conclusion that despite any negative impacts on affordability, anyone interested in investing is still in the right position to achieve a maximum ROI on their 2018 investment property.