10-07-2021, 11:42 PM
(10-07-2021, 11:18 PM)nms Wrote: How many of those units will remain permanently dark as the real estate investors wait for their units to appreciate before flipping them?
I expect almost none. KW condo values have been appreciating, but property taxes + condo fees take a huge bite out of that appreciation if it's vacant. Plus mortgage interest and HST, though that may not apply to everyone.
Renting property out does take effort, but it triples your return, and that's without the mortgage/HST rebate factor.