Hi all,
Im 26 years old and am considering buying a small cottage for renting purposes and of course for enjoyment also.
How is the pleasure housing market compared to GTA housing market ?
Should I just hold on to the money I have for a downpayment and purchase a home to move out in ? I dont see myself moving out for 3-5 years min.
I figure i can rent a cottage from 1-2k a week depending on size and location and also depends how nice of a cottage I get.
Am i tying up my money into something that wont reap returns in the long run ? slow rate of appreciation ?
Thanks for any insight.