Canadian real estate investing is not terribly unique. To be honest it is the same here as most places. You know research is very important. Networking is necessary. Follow up and through on lessons learned is the only way to get ahead. This is how investing is done all over the world. This is what we assumed. We set out to learn more about the Canada’s investment market. Learn how to be a successful real estate investor in this market. The first thing we had to do was to flush out our preconceived notions of the Canadian market.
Didn’t Give Canadian Real Estate Investing a Chance to be Honest
As an arrogant American, we seem to be created that way, I have never even considered Canada as an investing chance even though it is just north of us. Heck, I was raised in Michigan next to Canada, Windsor Canada is only over the bridge and we never even considered it. Thinking of investing in another country is not something that beginners or even seasoned investors thing about in this day and age. We have enough challenges on our mind already. But you never know, with a little research, risk aversion and networking connections there are probably a ton of wonderful investment opportunities in Canada as compared to the real estate market in the USA. Lifetime group
Americans Can’t Get Over the High Taxes
Because Canada actually seems to care about their citizens by providing basic social services such as health care and education through college, the taxes are a bit higher than we are use to in the United States. And for this reason, I think that Canadian investing is considered to be out of the price range or even reason for most Americans. But if the people in America, even in Canada, are made aware that these investments in the people are something that makes the market secure, then they may be more receptive.
When people don’t have to pay for these items on their own or pay the high prices created by the insurance companies, then they are at less risk of losing everything and not able to make rent and mortgage payments. We believe that they higher taxes are balanced out by these situations and makes this a better market to invest in for the future.
We will tell people about the Canadian market. We want people to consider investing in the country to the north. Letting real estate investors know that there are opportunities in the Canadian real estate investing market for them. It’s likely this will not happen over night. Nothing worth doing ever is done immediately. Our preliminary research has indicated that this may be a big judgment for all those that decide to hop and go for it!