Invest smart with these real-estate business opportunities for investments in Ontario:

 


Moving out of the traditional norms of real estate, many Ontario realtors have started to consider the real estate business more of as an earning source. Investing in real estate does bring a great return on investment, and also is a great sector if an individual is looking to park his capital. 

Here are a few interesting facts to give you an overview of the real estate business in Ontario:

  • The average price of resale residential homes sold across the province in December 2021 was a record $922,735, a sizable gain of 22.8% from December 2020. 

  • Canadian business owners have bought about 551,000 – residential sales overall Canadian MLS® Systems in 2020—a new annual record. 

The numbers are fascinating, aren’t they? Moving forward, here are a few trending real-estate business opportunities for Ontario for your next investment-

  1. Principal Residence Property Investment

Buying a principal residence property in Canada is one of the foremost steps for investing in real estate in Ontario. When purchasing a principal residence, you are not only buying a place to live in but making a long-term investment. The catch here is that the Canadian Revenue Agency allows you tax exemption from the profits earned by selling a principal residence. 

  1. Buying and Holding 

Buy and hold is another successful method of investment in real estate. You can easily generate a great income by buying a property and holding it in several ways such as:

  • Buying a single-family unit and renting it out.

  • Buying a multi-family unit and renting the multi-units while keeping one for you. 

This method can help you cover your mortgage costs successfully while earning returns on your investments.

  1. Commercial rental income

Commercial rental income is a new and uncommon method for real estate investment in Ontario. Buying commercial property for rent in Ontario can help owners rent their office buildings, shopping malls and earn significant income through this.

According to statistics by Statisa.com, the average rent for office space Downtown accounts for $37.05 per sq. ft.

Unlike the above-mentioned methods, this is an active type of investment in which you need to be hands-on with managing your property and keeping in touch with tenants.

  1. Income from Residential Income

Purchasing a residential property and renting it out opens up an earning door for you. Residential properties are comparatively easier to rent out but also involve a good amount of hard work as you need to stay involved in the affairs of your property and tenants regularly.

If you want to save yourself from the stress of being an active landlord you can also hire a property manager to deal with your tenants and help you get your rental income on time.

  1. Flipping properties

Flipping properties is an innovative method of investment in Ontario. But as simple as it may seem, this investment method involves a good amount of smart work.

If you can find a property that needs fixing up and renovation, you can earn great profits by renovating and selling it. But before going for this type of strategy you must make up your mind for initial investments that would be required to renovate the property.

So, these were a few trending real-estate business opportunities for you in Ontario. Undoubtedly, these types of investments help you earn a great profit but also involve hard work and time investments. Stay in touch to learn more about such fascinating investment opportunities in future. Also if you are looking to buy houses for sale in markham ontario you can visit our website www.royalproperty.ca. You can also get free home evaluation on the site. 

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