Specialist · Vancouver, BC · Member since 2016 · 315 posts · 145 votes
5y
@Scottie Galloway Wholesale can be done successfully in Canada. However wholesaling in the US is easier because you are able to get owner info easier (ie Deal Machine, court info, etc), so 'drive for dollars' is more common practice there, whereas a lot of the owner info is harder to find in Canada due to the privacy act. Many Wholesales in Canada do it with yellow stickers and door knocking. Or have access to a lawyer/ realtor info. The issue is getting a phone # or email to make that initial contact. Good luck.
Rental Property Investor · Toronto · Member since 2018 · 126 posts · 106 votes
5y
Probably because it's a more accepted and common practice in the u.s. there are lots of successful wholesalers in the ontario market. And it seems like every new investor is getting into wholesaling now as a way to genereate quick cashflow.
Specialist · Vancouver, BC · Member since 2016 · 315 posts · 145 votes
5y
@Scottie Galloway Wholesale can be done successfully in Canada. However wholesaling in the US is easier because you are able to get owner info easier (ie Deal Machine, court info, etc), so 'drive for dollars' is more common practice there, whereas a lot of the owner info is harder to find in Canada due to the privacy act. Many Wholesales in Canada do it with yellow stickers and door knocking. Or have access to a lawyer/ realtor info. The issue is getting a phone # or email to make that initial contact. Good luck.
Lender · Okanagan, BC · Member since 2017 · 105 posts · 77 votes
5y
Surprised this hasnt been mentioned yet (or i missed it)
One of the main reasons is inventory and volume of sales. There is just such a significant amount of inventory there compared to Canada. For easy math.. x10 the population is roughly x10 the inventory. Combine that with the above factors and you can see how wholesaling thrives down there.
Surprised this hasnt been mentioned yet (or i missed it)
One of the main reasons is inventory and volume of sales. There is just such a significant amount of inventory there compared to Canada. For easy math.. x10 the population is roughly x10 the inventory. Combine that with the above factors and you can see how wholesaling thrives down there.