Is now the right time to sell your rental property?
Following the Bank of Canada interest rate hikes, many of our clients and followers feeling the crunch have been asking if they should sell their rental properties now. Others are also wondering if they should be buying another rental property at this time.
To answer these questions, I have invited OG investor specialist Realtor since 2010 and 4X Realtor of the Year to Investors in Ontario, Erwin Szeto, on the channel to share his expert insights on the current real estate market and investing experience.
In this video, we chat about the economic outlook over the next five years, factors that determine whether you should hold on to your hard asset or not and everything you need to know to make an informed decision.
Erwin loves to help everyday hard-working Canadians acquire cash-flow-positive real estate investments east and west of the greater Toronto area via his Realtor business, The iWIN Real Estate team.
So if you want to buy or sell your rental property, feel free to email them at [email protected], and they’ll help you out. (Mention you're from Cherry Chan for special assistance)
Key Moments In This Episode ========================
1:38 - About Erwin Szeto 2:24 - Economic outlook over the next five years 3:15 - Effect of inflation on the Real estate market and rental properties 5:04 - What about interest rates? 8:11 - Is it time to buy? 9:05 - Is it a good time to sell? 10:55 - Conclusion
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies, so you don’t miss a thing!
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Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at [email protected].
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Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice. The information contained in this video is for general information purposes only. The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk. In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.
