Rules of Thumb – How Far Can They Take You?

Bruce BrownInvesting

A client of mine who is mulling over the idea of acquiring some real estate for investment purposes, started doing some reading on her own and came across a piece about rules of thumb.  She read, in addition to other bits of wisdom, that: The rule of thumb is that the purchase price of investment property should be 10 times …

Graph of new condo construction prices vs. re-sale condo prices in Ottawa.

Older or Newer Condo – Which Is A Better Investment?

Bruce BrownInvesting

Whether buying strictly as an investment or as a new place to hang their hat, my clients often ask me if a new or re-sale condo apartment is a better investment.  Well, there are actually two slightly different versions of this question that I hear frequently: is a brand new condo purchased from the builder a better investment or is …