WHY BUY THE HOUSE IS A GOOD INVESTMENT IN CANADA?
As a first time buyer, to buy the house is a better investment in Canada because you save the money three way as follows:
- You paying the mortgage instead of rent so you pay off the capital and interest. Capital is your money in Bank as equity.
- Each year in GTA house price increase the 4 to 7 per cent. This increase money you can use as Home equity plan.
- If you are buying the house with Basement apartment so each month you can get as rent $700 to $1000 each month. You think how much money you get after 5 years.
If you want to know details with math, please contact any professional realtor to know what rate of return during 5 years.
Realtor Mohammad Awal