Home Ownership or Renting for Millenials?

  • 1
  • June 15, 2015
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147-Denison-4  Fuzion Properties; Kensington Market

A great article from Global News discussing the challenges faced by Millenials and future generations in the Toronto housing market.

http://globalnews.ca/news/1854709/home-ownership-for-millennials-are-they-dreaming/

Of particular note for investors is the new “epiphany” for future homeowners to purchase a property with an income suite to be able to afford the purchase!

Stagnant building growth of homes in the Toronto, skyrocketing house prices along with ever increasing population growth have created a very favourable climate for sophisticated Real Estate Investors! The “deals” aren’t out there without having the resources to find them and turn them into long term wealth creators. This is especially true if a correction does happen. Being able to weather any financial storm with a cash flowing property is the difference between “Investing” vs. “Speculating”  (ie. buying a condo that only makes $100/month or actually loses money every month!).

Always look beyond the Headlines. We live in the greatest country in the world, with the most stable banking and economic infrastructure in the world. Toronto is invariably at the heart of that stability (just ask Alberta).

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