I get many inquiries from local and overseas investors that are interested in investing in Canadian Economy by considering square one condos. There are many reasons that investors prefer investing in Canadian Real Estate, our economy is considered stable and healthy, our Real Estate market only experienced a slight economic declined but recovered very quickly in 2008. Since that time we have seen only positive growth year after year.
There are several ways that you can invest in Real Estate with Mississauga Condos for Sale and experience positive results:
Purchasing a condo and renting it out: With this investing method you are looking to purchase a square one condo in a desirable location such as Mississauga, Square One Area or Toronto. The important factor to remember it has to be close to public transportation for easy commute. Another important factor to remember when buying an investment unit is to look for a condo with low maintenance , it is important to find a unit with a good balance of price, maintenance and condition. It is very common to find a condo with an attractive price but the maintenance is with very high.
Renting the unit will be the next step, the going rate for renting condos in Mississauga are as follows: 1 Bedroom $1900 – $2100 1+ Den $2100 – $2400 2 Bedroom $2500 – $3000 3 Bedroom $3000 – Up By investing in a rental condominium you cannot expect the renter/ tenant to cover all of your mortgage plus maintenance expense if it exceeds the going rate of similar rental properties.
Here is a simple chart that I have that will show you different situations and outcomes when investing in a Mississauga Condo based on current units for sale that are good for potential investment in my opinion:
If you are interested in receiving a weekly report with mississauga condos for sale condo units that are good for investment and detailed outline of potential equity gain , contact me.