Toronto Real Estate | Ken Finch

There are many advantages with Canadian tax legislation that enables
investors to use self-directed RRSPs to generate retirement income at
returns that are much higher than traditional investments.
Instead of using a standard mortgage, one option is to transfer your own
RRSPs, into RRSP-eligible bonds against which you can borrow from your own
investment which will typically yield a much higher rate of return.
A limited number of people know how RRSPs can be used in real estate
investing. RRSP investment specialists would definitely not provide you with
details on how to turn your investment funds into a prosperous real estate
portfolio.
Single-family homes to multi-unit residential apartment buildings up to 24
units, along with retail and office commercial properties as large as 40,000
sq. ft. are ideal when you start to purchase investment properties. With
interest rates currently in the range of a 40 year low, now is the best time
to secure the leverage power of a mortgage to construct a solid retirement
plan.
The Golden Horseshoe’s real estate market continual force will boost the
number of income property investors which will increase property values
resulting in growth of brick and mortar assets. Your retirement funds could
turn out to be very low-risk investments, yet generate returns of 10% or
higher.
Adding value to your investment by adding additional rental units, selling
advertising space, leasing roof and basement area to communications
companies, etc can also substantially increase your income stream. Selling a
property to an interested buyer can also double or triple your retirement
nest egg producing funds to buy additional properties or finance development
projects.
Accounts, lawyers, contractors and realtors should be consulted. Advice on
market conditions, tax consulting, legal implications, physical building
inspections and market and invest analysts are strongly recommended.