Road Trip was a blast!

I just recently got back from a road trip to Alberta and Saskatchewan to check some real estate investments. I was so captured by a small town people where I have an investment. I'm definitely going back in Regina next year and maybe do a kitchen renovation on the house if it's not tenanted.   I'm so fortunate to have a very good property manager that looks after the rental.  I'm lucky also to have a very good tenant and so because of this experience I'm welcoming an opportunity to invest in a Multi-family building.

 

A small town living 50X120 size lot with detached house

 Investing in Saskatchewan is starting to attract people from Vancouver. A real estate friend had an eye on an apartment building in Moose Jaw, Saskatchewan.   Saskatchewan is affordable and you can still get a cashback on your investment compared from Vancouver where you might just get even with all the expenses of owning a property unless if you put more than 20% down. 
Cities like Estevan has shortage of accommodation because of the oil boom and there are so many people who are working there.  Regina is one of the biggest Cities in Saskatchewan  that I visited several times.  I also drove to Moose Jaw where I saw beautiful character buildings.  I would like to go back there and tour the underground City. 

Moose Jaw downtown


                                                   
Regina has so many character and affordable house. 

Regina House

There are two sides to focus in real estate investment/ownership and they are either owning real estate is a liability or real estate is an asset.  It's all up to you!  Fear is your wall and you are your own enemy by the way you think and by the way you limit your self.  I have to talked to many people who never bought a property and they regret missing the opportunity of ownership.

With the mortgage changes to effect on July 9, 2012, it will limit the amortization to 25 years and it means less mortgage loan basing on someone's income qualification and other requirements.   

Moose Jaw Character building
Commercial investment is very attractive to me at the moment as mortage is mostly base on the rental income.  Please go to CMHC website to get further information.  I'm presently studying the market and I would go to Prince George or Chilliwack and Abbotsford to invest.  The 25 per cent down payment that most commercial mortgage products require for commercial properties can be difficult, but with the Canada Mortgage and Housing Corporation’s multi-unit (5+ units) insurance coverage, a commercial investor can attain up to 85 per cent financing toward their commercial purchase. This includes financing and coverage for retirement dwellings, licensed care facilities, condominium construction and student residences, new or existing, Canada-wide.  For someone who owns detached investment properties, this is a great opportunity to expand your portfolio.

For Commercial or Residential ownership and mortgage, you can contact me at your convenience by going to www.gracebrewster.com