Canada vs USA
More specifically, we wanted to show the difference between a condo in Toronto and a condo in the heart of Orlando. Both are in great neighborhoods, near the city core. Also, it is important to note that there are no winters in Florida! This reduces much of the normal wear and tear caused by our cold winters.
You will understand why smart investors are selling their Canadian properties and buying amazing US Deals in great neighborhoods that cash flow at incredible prices!
However, if you are more comfortable investing in Canada, Windsor, ON is a very comparable market, with low cost and good rents, it's a great buy and hold area.
1 Bathroom Purchase Price $167,000 Square Ft: 600 Rental Income: $1150/month Condo Fees: $280/month Cost to Mortgage 100%: $895/month Net Cashflow- you lose $25 per month Nearby Amenities- golf course, highway and airport nearby Will It Appreciate??? |
2 Bathroom Purchase Price $60,000 Square Ft 1206 Rental Income: $850 Condos Fees: $199/month Cost to Mortgage 100%: $329/month Net Cashflow- $329/month Nearby Amenities - Golf View, major highway nearby, Millenium mall, Universal Studios and Sea World Sold for $450,000 in 2008 |