Say you’re 45 and you have $1 million of equity in a house in Toronto. Could you sell your house, invest the money and pay rent on a house solely using your portfolio? I ran the numbers. It costs about 3 grand to rent a house in Toronto. Assume a 6% return on a portfolio. […]
Tag Archives: Real Estate
Toronto Homes: Not Best Investment 2008-2018
I know many people considering real estate as an investment. It is a standard ‘go to’ idea for anyone looking to build wealth. While you can definitely create wealth with real estate, it certainly isn’t the sure thing many people think. Indeed, real estate investing is high risk (high leverage and high concentration) and a […]
Is It Worth Buying a Condo to Rent Out in Toronto?
Once in a while I get the urge to buy a condo in Toronto to rent out. Everyone seems to be doing it, right? So it must be a money maker? Right? Wrong! Let’s look at the numbers. The following is an approximation that leaves out a few minor details for simplicity’s sake. Please feel […]