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Is Canada Ideal for Real Estate Investment?
If you’re looking to invest, real estate investment is a safe route to go. Unlike other investments where you seem to hand over cash and then anxiously wait for a return, real estate allows you to be more hands-on and informed about where your money is going. You can take your time researching your options, and actually get a real sense of what your money is going into. With many mortgage investment corporations operating across Canada, it’s even easier.
It’s a common misconception that real estate investment is a fast-cash endeavour. While real estate is almost certain to deliver steady returns, you must be willing to put in the time and research to make this type of investment successful. If you live in Ontario, or anywhere in Canada for that matter, you might be wondering if investing in real estate in Canada is a smart move on your part. The short answer is yes—but here’s why:
Mortgage Investment Corporations
One of the greatest things about Canadian real estate investment is the additional help received by mortgage investment corporations. Canada-based investors and companies work with a mortgage investment corporation because they allow low-risk and fee-free investments. This relieves a lot of financial stress, and eliminates the hassle of unexpected investor fees.
No, not geographic variety—provincial variety refers to variations in pricing between provincial real estate markets. Lately, there has been a lot of talk about rapidly rising Canadian real estate costs. Luckily for real estate investors, price inflations are province-based. Real estate costs and inflation differ greatly from province to province, allowing you to find an investment that fits your price range.
Real estate investment, especially in Canada, can open the door to a number of tax deductions. Insurance, property maintenance, and utility bills are just a few of the many write-offs that can be included as business expenses. In turn, this reduces your annual tax bill.
If you’re looking for a smart and safe investment, real estate is the market for you. When you go the real estate route, you’re not only investing in a property or building, you’re investing in peace of mind and a steady income (not to mention fewer taxes).