Purchasing Your First Rental Property

Centrepointe Condoflat by Minto

Nestled in a quiet nook in the sought-after Centrepointe neighbourhood, this purchase is what inspired my passion for real estate investing. After starting my first real job at the Ottawa Hospital Cancer Centre, I soon acquired and rented out my first rental property. With rental vacancy rates as low as 2.5% (CMHC statistic) and a healthy real estate market, a rental property in Ottawa is a wise addition to diversify one's investment portfolio. In just under two years, this Minto-built Centro condo yielded a generous return of more than 23%, enough for a downpayment for a second rental property. Don't just take my word for it. Chances are someone you know, let it be a friend, coworker, or family member, have also had successes in the real estate market. Stay tuned.

Ottawa Prepares for a Robust Spring Market

With Cisco's announcement of opening up shop in Ottawa, Silicon Valley North, there will be a further boost in Kanata's real estate market. Furthermore, an article published in The Globe and Mail suggests a strong seller's market, with "no landing, no slowdown, and no correction in the near-term." To complete the trifecta, economists are predicting continued depressed lending rates. To get yourself ready for selling or buying, get in touch with a real estate and mortgage professional earlier on to prevent any issues in obtaining your future dream home.

The Globe and Mail article: