Real Estate

how's rental market in Cambridge ON?

  • Last Updated:
  • Mar 20th, 2017 4:38 pm
[OP]
Newbie
Sep 25, 2012
44 posts
2 upvotes
Toronto

how's rental market in Cambridge ON?

We're planning to book a new house in Cambridge but not sure of the rental market there.
This is an investment property so want to be able to rent it out easily.

Thanks
6 replies
Newbie
Dec 31, 2013
27 posts
15 upvotes
Mississauga
Get a property manager for you house, he knows the market and have experience. It will be easy to rent it out with help.
Based on your questions I assume you live some other city, property manager save you a lot of headakes as well
To answer your question, it should be easy to do it, but may take a little bit longer comparing to summer time.
Alex Shapovalov
Real estate investor @ Yaplex Investments
email: alex[at]yaplex.ca | cell: 647 328 3809 | web:https://yaplex.ca
[OP]
Newbie
Sep 25, 2012
44 posts
2 upvotes
Toronto
Alex, thanks. Is there a better place for investment?
Maybe Hamilton, Kitchener/Waterloo or east end whitby/oshawa?
Penalty Box
Feb 2, 2014
3096 posts
468 upvotes
Toronto
saimakhan11 wrote:
Mar 18th, 2017 12:07 pm
Alex, thanks. Is there a better place for investment?
Maybe Hamilton, Kitchener/Waterloo or east end whitby/oshawa?
Hamilton and Oshawa are still great buys. I wouldn't go out to KWC...too far from Toronto. Having said that, I will admit that I don't know the KWC market that well.
Kevin Somnauth, CFA
Mortgage Agent and Real Estate Sales Representative
Sr. Member
Jul 14, 2002
557 posts
51 upvotes
saimakhan11 wrote:
Mar 17th, 2017 8:13 pm
We're planning to book a new house in Cambridge but not sure of the rental market there.
This is an investment property so want to be able to rent it out easily.

Thanks
I have a coworker that lives in mississauga and purchased a new build two years ago.
He is currently renting to an older couple that has a business in kitchener.
There are tech. companies and the kitchener area is growing.

It took probably about 2 weeks to find people to rent. I would say still not as hot as the GTA, but decent demand.
Newbie
Jan 3, 2017
60 posts
25 upvotes
CdnRealEstateGuy wrote:
Mar 18th, 2017 7:07 pm
Hamilton and Oshawa are still great buys. I wouldn't go out to KWC...too far from Toronto. Having said that, I will admit that I don't know the KWC market that well.
I would have to disagree with this. I don't know about Hamilton but Oshawa and anywhere in the Durham region area are not great buys anymore. I've been looking to add another investment property in this area for a while but can't make it work due to the huge increases we've seen over the last couple of years due to the shenanigans happening in Toronto.

Bare bones townhouses are selling for 400k People are snatching up anything decent for over asking in 1-2 days and bidding wars are becoming the norm now.

The average selling price in Durham for a single detached is almost $700k, Oshawa specifically is over $600k, Not great for investment property purposes
Member
Feb 21, 2010
239 posts
26 upvotes
Scarborough
does anyone know about rental market in Kingston? I looked at an advertisement for investment property and am wondering if there is demand for real estate in Kingston or if the builder is just preying on GTA spillover effects
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