To Buy, Sell, Rent or Invest in Real Estate Call

Call Us!(905) 338-1515

Poll

Where do you go when looking for a home?:
See more polls...

Buy a Home in...

The Key to Finding Profitable Residential Real Estate in Ontario

CENTURY 21 Dreams Inc. | Wednesday Sep 18th 2013
Tags:

The real estate market may have taken a hit in 2007 (fortunately to a lesser extent in Canada than elsewhere), but it is still robust enough for investors to turn out a profit by taking advantage of affordable and in-demand residential real estate in the country.

Ontario in particular is one promising option for investors. Cities in the most bustling and vibrant part of the province – specifically, Oakville, Mississauga, Burlington, Milton, Kitchener Waterloo, Guelph, Toronto, and Hamilton – offer high-quality properties for sale with countless listings seemingly appearing each and every month.

There are keys every investor should know when it comes to finding listings and hot properties for sale in Oakville, Mississauga, Burlington, Milton, Kitchener Waterloo, Guelph, Toronto, and Hamilton. Here is how you can find profitable residential real estate in Ontario.

 

Distressed Properties for Sale

Finding Profitable Residential Real Estate in Ontario

Finding Profitable Residential Real Estate in OntarioSearching for distressed properties for sale is one avenue toward profitable residential real estate in Ontario, simply because these listings tend to sell for less than market value – giving you a greater profit margin.

Distressed listings include foreclosures, bank-owned homes (homes that have gone through the foreclosure process without being sold), and short sales. All foreclosures in Canada are judicial foreclosures, meaning they must follow a court-approved process. That has slowed the rate of foreclosures compared to many states in the United States, but there are still quite a few listings available.

Virtually every notable city in the province – including Oakville, Mississauga, Burlington, Milton, Kitchener Waterloo, Guelph, Toronto, and Hamilton – has distressed properties for sale available. Discounts range from 10% below market value to 50% (and beyond).  Many listings require repair work, but even with a bit of renovation, profit can be found.

Neighborhood Comparative Market Analysis

Having comparative market analysis (CMA) performed on residential real estate in a particular area is of prime importance, and a REALTOR® can be invaluable in this process.

One way to begin to narrow down the search is to have a real estate professional conduct a CMA by neighborhood to find areas that are more prone to profitable properties. Typically, you want areas that hold value well and don’t have a problem turning over properties. If you can find areas that have been in a slump, and you expect that to reverse itself with an improving market, then even better.

CMA can help you assess the true market value of a home relative to other choices. That, coupled with a knowledge of trends in Oakville, Mississauga, Burlington, Milton, Kitchener Waterloo, Guelph, Toronto, and Hamilton as provided by an expert REALTOR®, can give you an insight into the local economics of a given market and can help you locate a prime property for development.

Between distressed properties and intimate knowledge of a market, you’ll have the tools you need for profit.

Think you've got what it takes to sell Real Estate?

Free Career Information Seminars

Next Seminar: Thursday, Sep 5, 2019 - 6:30 pm to 8:30 pm

Get a Real Estate License

Let Us Help You Find Your Dream Property

We respect your privacy.
We will by no means misuse your e-mail address.
This is the number of residential
properties sold in the area(s).
  1. The average home price is found
    by adding the value of all sales and
    dividing by the number of homes.
  1. The median sale price is the
    midpoint of all sales.