The housing crisis across Canada has been a hot topic of conversation recently in political, sociological, and environmental circles within the country. With the increase in demand for rental properties and post-COVID inflation driving up interest rates, people are finding it harder and harder to come by affordable housing. These factors combined make it the perfect time to invest in real estate!
The incredibly low vacancy rate in Calgary means that renters are desperately looking for properties. Real estate investment in general has the potential for high returns, and in the current housing climate it is very likely that you will be able to find a tenant almost immediately.
If you are looking to invest but not convinced about real estate investment, here are some reasons why you may want to consider it further.
-
Property values are expected to appreciate. Due to regular inflation, and if the property is kept up well, the average annual appreciation rate of real estate investment in Canada is around 6%.
-
Unlike stock investments, real estate isn’t subject to sudden, major changes. Although there is fluctuation in the market, it is normally predictable and not devastating, unlike many other types of investment.
-
The passive income accumulated from real estate investment means that you don’t need to flip houses and resell to make a profit. If you have patience, the tax benefits and appreciation alone can be substantial. And, with an involved property management team, you can make a great rental income with minimal involvement!
If you are considering making a real estate investment our experts at the Dione Irwin Team are the perfect professionals to guide you in this new endeavor. Contact us through the Dione Irwin Team website or email us at: Dione@DioneIrwinTeam.com.