Questions on investing in Canada.
Hey everyone,
Tons of updates but I'll cut to the point; my fiancée and I just got engaged, and one of our favorite places in the world is Old Quebec City.
We decided that our 5-year investing goal/dream is to purchase an apartment/condo in Old Quebec for personal and family use.
We would use it as an STR when we are not there, and Quebec city is booming with beautiful Airbnb's. It's busy with tourists there year-round.
I found that on the market right now, our desired location and style is hovering right around $250k USD.
My real questions pertain to the Canadian market though.
What is the market and investing atmosphere like in Canada? And specifically Quebec?
How do down payments, mortgages, and STRs work in Canada?
If anybody has experience in the Canada/Quebec city market, please let me know! I'm just trying to learn to be able to accomplish this goal to the fullest!
Thanks!