Which Canadian city would you invest in? Looking for opinions
Hello.
Which city in Canada besides GTA and GVA would you invest in real estate?
I'm thinking to buy a condo apartment or maybe 2 units and rent them out. So far have 250k in savings. It looks like a lot of condos can be bought in 150k ~ - 300k range in places like Quebec City and Montreal.
There is a few things that are on my mind at the moment.
1. What is the appreciation of condo apartments in Montreal or Quebec City.
2. Would it make sense to split the savings, take out a mortgage and buy 2 units instead of 1? (i guess depends on appreciation and roi numbers)
3. How fast can these units be rented out? I understand that rental market in those cites might not be as hot as in GTA.
4. How to manage these rentals, I don't speak french and can't travel there that often to sort out repairs, showings, etc,?
Thanks....
Which city in Canada besides GTA and GVA would you invest in real estate?
I'm thinking to buy a condo apartment or maybe 2 units and rent them out. So far have 250k in savings. It looks like a lot of condos can be bought in 150k ~ - 300k range in places like Quebec City and Montreal.
There is a few things that are on my mind at the moment.
1. What is the appreciation of condo apartments in Montreal or Quebec City.
2. Would it make sense to split the savings, take out a mortgage and buy 2 units instead of 1? (i guess depends on appreciation and roi numbers)
3. How fast can these units be rented out? I understand that rental market in those cites might not be as hot as in GTA.
4. How to manage these rentals, I don't speak french and can't travel there that often to sort out repairs, showings, etc,?
Thanks....