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.