Updated over 7 years ago on . Most recent reply
New Member from Whitehorse, Yukon
Hello, everyone. I live in Whitehorse, Yukon, and I’d like to invest in buy-and-hold rental properties in Canada. I own a half-duplex that I live in, but for investment purposes, my home city is too expensive for rental properties to have a good cap rate, so I’m looking to buy elsewhere in Canada. I’m early in the research phase but if other Canadian investors are open to sharing areas they’ve had success in, I’d love to hear about it!
I’ve just read the bigger pockets book Long Distance Real Estate Investing by David Greene alongside Making Money in Real Estate: The Canadian Guide to Investing in Residential Property, and I’ve begun to dig in to CMHC data, and I’d be interested in hearing from fellow investors with...boots on the ground? Skin in the game? Other people with similar interests is really what I mean. It would be nice to share ideas.
A few more specifics:
- I’m interested in single-family or small multi-family dwellings in A or B zones
- The closer to the West Coast the better, but that said, I’d be willing to go all the way to Nova Scotia if that’s where the math works best...ideally I’d like to follow the one percent rule
- Random detail: I’m actually a poet looking to support my writing habit through sound investing. I’m a writer who likes math :)
If you’re a Canadian buy-and-hold investor, where are you buying properties? Where would you recommend to others?