A recent article in the Ottawa Citizen highlights the a new generation of investment-savvy 20-30 yr olds who are developing creative ways to get their foot on the property ladder.
Some purchase with a friend, sibling or with help from parents, whilst others become landlords, renting extra bedrooms and suites to help pay the mortgage.

The article highlights the fact that children see that their parents home is a great investment, and feel pressured to get into the market in any way they can. According to the Canadian Association of Accredited Mortgage Professionals (CAAMP) one-quarter of 18-34 year old’s are homeowners; Realtors also report that some young investors have been successful at flipping properties, and using the proceeds to pay down their student loans.

In Summary;

• People are buying property at a younger age
• Buy with a friend or family member to increase your leverage
• Get Creative – Flip properties to pay down student loans
• Don’t get left behind! You CAN BUY today, speak to us to find out how!

Call the Richard Morrison Real Estate team today to get your investment portfolio started! (604) 767 3703