Real Estate Investing in Toronto Area, Canada

[Miko D.]

To anyone investing in Real Estate in Canada

Just wondering, for anyone who has been watching the Bigger Pockets podcasts online. Do you find the information relevant to the Real Estate in Canada? Or helpful when looking to invest?

I can't seem to imagine doing the same thing here (Toronto area)- the same way as they are explaining it online- wholesaling, flipping, etc. due to our prices being astronomically high. 

To give you an example, a 4 bedroom, fully-detached house that is about 2500sq ft would normally cost about 600k or more. It's a lot more in certain areas.  

Simply put, it is ridiculous.

Our gov't has also implemented new rules that make it tough for investors to make money doing real estate.

My question is, should I look elsewhere to invest? 

I'd like to hear your opinion on this.

[Eric Delcol]

Miko Dimagiba

Yes, we find the information helpful for our Canadian investments as well.

You can make money in Toronto - it all depends on your strategy. Like all high growth cities wholesaling and high cashflow are nearly impossible. However, buy and hold, fix and flips are very doable.

If those aren't your thing you may want to look elsewhere. We have property in Canada but primarily do most of our deals in the US.