Investors aged 18 to 35 were also more likely to own more than one property compared to older cohorts, the Royal LePage survey found.
reveals younger adults are often buying investment properties before they purchase a place to live in themselves.
Sixty-four per cent of investors in the GTA own a single income property and 34 per cent own two or more, with younger investors, those aged 18 to 34, most likely to own more than one investment property. “If you go back over 65 years, the real estate market continues to outperform many of the other indices — the TSX or the NASDAQ,” he said.
The online survey also showed that in the condo-packed GTA, 44 per cent of investment properties are single-family detached houses, while only 39 per cent are condos. “We see some investors having great success with leverage in terms of increasing returns. But 31 per cent are considering selling in the next year or two. Those are likely investors that jumped on the bandwagon, invested in what we call speculation.”“Real estate can be a very sound and safe investment but making money or investing in real estate should be like watching paint dry — very slow and boring.
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