Across the country ordinary Canadians are building wealth with investment property. An investment property is 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 that is fully paid for can be a great source of income for retirement. Rental income typically pays for most or all operating expenses (ie mortgage payment, property taxes, upkeep) while property appreciation has often out performed stocks and bonds over the long term.
A revenue property is not just an investment for well-established business people or experienced homebuyers. Savvy first-time buyers are often jumping in with both feet: purchasing a duplex or triplex, living in one of the units and renting the additional units to help offset the mortgage costs while they build equity which converts to wealth. Many parents who add up the cost of accommodation for their college-bound children are often deciding to be landlords themselves, seeing an opportunity to offset the cost of housing with a sound investment.
There are many reasons to consider investing in property. If you are thinking about building your wealth this way please consult with a professional who will help you determine your down payment options and run the financial calculations that you will want to see for cash flow and capital appreciation.
Cam Brown
Accredited Mortgage Professional
(403) 650-5509
INVIS “Canada’s Mortgage Experts”
www.mortgagealberta.ca
cambrown@invis.ca
