Real Estate Agent · Kitchener-Waterloo-Cambridge, Ontario · Member since 2013 · 408 posts · 90 votes
10y
I stick to my market because I know it in and out, but I would say pick either KWC or Hamilton if starting anywhere as we are the 2 fastest growing area in Ontario, while still maintaining a reasonable price entry point. Oshawa, Whitby area is also fantastic for growth but is becoming more un-affordable. London is great for cash flow but has slow steady growth. Although anyone can find success in any market, Oakville is expensive but I'am sure this is opportunity somewhere in your backyard.
I try to focus on anything in my area with an 7-8+% cap rate not easy but achievable, also must maintain positive monthly cashflow.
Although it's getting tougher and tougher, we say over 6% appreciation last year and Toronto money is starting to flow into the region raising that number even higher.
http://www.meetup.com/K-W-C-Multi-Family-2-units-Investor-Mastermind/ Come check out my monthly investor meetup if you're curious about my market and networking with some other investors. Next months guest speakers are actually based out of the Oshawa area.