One of the Ottawa Real Estate Questions I often get asked is whether Real Estate is a great investment for a Retirement Plan.Well how could I honestly answer "no?" One of the more significant Ottawa Real Estate Questions is really whether Real Estate should be a part of your investment portfolio, or exclusively be your Retirement Plan ? Well I guess that depends on the individual.Accumulating 4-5 properties throughout your working life , say between ages of 35-50 with tenants to pay the Mortgages is a good strategy considering that in 25 years time (age 60-75) these properties should be paid for and the rental income will be passive, albeit taxable income.
On the other Hand investing in the stock market and RSPs is a balanced approach favoured by many.One of the great things about Ottawa Real Estate is that you can count on a continued 5% annual growth in property prices, as has been the case in the Ottawa Real Estate market for approximately 50 years, and this kind of stability is hard to come by.In a world where the only thing you can be certain of is UNCERTAINTY, this is an amazing concept to count on!!.Right now the interest rates are at a 70 year low in the history of Canada, so buyers who were ever sitting on the fence and thinking about buying should reallyACT NOW AND BUY.For these and other Ottawa Real Estate Questions,please contact me at http://OttawaRealEstateQuestions.com
Comments(1)