The Real Estate Market is the talk of every household.
And why wouldn’t it be? Considering that Investors own about 20% of Canada’s homes…
And the question on everybody’s mind is…
How long is the market going to crash?
How low are prices going to go?
How high will my Mortgage Mortgage Payment become?
And what can I do to safeguard and improve my finances and my family’s finances?
The short answer is: Invest in Duplex Conversion potential properties.
But first of all, to answer everyone’s questions…
If you want to know how long the market is going to crash, check out my other post where I discuss this topic in-depth.
That post also discusses how low prices are going to go. Ultimately nobody knows, but literally, all the present real estate data, as well as a complete analysis of Ontarians’ economic history for the past 20 years is discussed.
The Topic that hits closer to our hearts is the rise in monthly mortgage payments. Everyone is taking a hit here. Having to pay an extra $250–1000 a month adds up. And to see that more interest rate spikes are being planned only adds fuel to the fire.
It’s definitely possible that your monthly mortgage payments will keep going up.
And one answer to that problem is to Invest/transition into a duplex conversion potential property.
Renting out your bottom floor is the easiest shift into being a landlord. And guess what? That puts you on the winning side of these high-rents.
Duplexes are good for society. The Ontario Government is literally dishing out incentive after incentive promoting in-law suites.
But the best part is that you will save up to $1500, 2000, maybe 3000 depending on where you live in Ontario!
I know it can feel like a scary process and transition…
But that’s why there are these people called real estate agents! So find one that you like and trust, and who has gone through this process for his clients before.
If you want to connect to a local investor-friendly real agent, press the link in my bio!