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Today: 17.01.2018 - 14:38:48
   Canada Mortgage Hub Discussion Board -> Mortgage Toronto -> Is it a good idea to invest in lake front cottage around Toronto?
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pargupta

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Is it a good idea to invest in lake front cottage around Toronto?
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Burlington mortgage broker
Post # 1.

paraplectic

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Let me begin by saying I am not familiar with the Toronto market or the tax laws that would decide if real estate is a good buy in Canada. However, my rule is they are not making land anymore and there is only a limited amount on the water. So your idea is good. Now you need to decide if this is a good location, the house is priced fairly, what is the liklihood of you being able to rent it, can you carry it without renting etc.
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