What kind of housing is better for Canadian real estate investment?

Canadian real estate has always attracted the attention of China buyers, and the number of people investing in Canadian real estate is increasing every year. However, it seems more and more difficult to buy a house in Canada. Therefore, when investing, you must choose a good room type, which will sell well. So what kind of room is better for Canadian real estate investment? Come and have a look with me.

I. Apartment

Apartment owners have their own independent living space, but they need to share the public space and facilities of the apartment with other residents, such as corridors, building green spaces, swimming pools, entertainment equipment and so on. Apartments usually have property management companies to manage public spaces and facilities. Of course, while enjoying the service, the owners also need to pay management fees.

Because of China's large population, apartments have become the main residential type in China, but in Canada, only big cities like Vancouver, Toronto and Montreal are more common. From the perspective of investment, apartments have the lowest appreciation potential among all housing types, and of course their prices are generally the cheapest. However, many domestic investors don't understand this, and feel that they should have a house first, and the rest will be discussed later.

When I found the apartment extremely cheap, I bought it blindly. As a result, it was only a few years later that I found that compared with other types of real estate, my own real estate did not increase in value. A friend of the author is like this. He immigrated to Vancouver as early as 2000 and bought an apartment only three days after he arrived. However, 78 years later, he found that his apartment only rose by 30%, while some independent houses nearby rose by 1 many times.

My friend sighed in dismay: "If I had known this, I might as well grit my teeth and buy an independent house." But fortunately, this friend woke up in time, sold the apartment and bought a single-family house again. Now his house has also gained a good increase.

Second, the independent House (house)

Detached houses are single-family villas in China, which usually refer to single-family, single-family and single-family houses that have nothing to do with neighboring buildings. The above-ground part of a detached house is usually a house with one, two or three floors, and detached houses with more than four floors are rare. Detached houses often have their own garages, but not always basements, such as Nanaimo (vancouver island on the west side of Vancouver) where the author lives. Whether the newly-built house has a basement depends on the terrain. If your back is on a hillside, there will usually be a basement. If it is built on flat ground, there is often no basement.

Independent houses don't have to pay property management fees to anyone or organization, which means that the owners are responsible for mowing, gardening, maintenance, garbage collection and snow shoveling (it hardly snows in Vancouver and South vancouver island in winter, so there is no need to shovel snow here). Of course, the maintenance of the house, such as repairing the roof and repairing the external wall, is also the responsibility of the owner himself. Therefore, living in detached houses often means complicated maintenance and management.

Third, townhouses

The townhouse originated in England and can be regarded as the predecessor of the apartment. In China, they are usually called townhouses. In Canada, they usually consist of a series of small houses with similar units and connected side by side, and the number of bedrooms is often less than three. Although townhouses are single-family, they need to share walls with neighbors on both sides. The house is thin and tall, usually two or even three floors.

The townhouse has independent front and back yards, so it enjoys more space than the apartment, but it is not as good as the single-family house because it has to use some facilities with its neighbors. In terms of investment value and house price, townhouses are just between detached houses and apartments.

Four, multi-unit room (Multifamily)

Multi-family residence is an important residential form in North America, which mainly refers to the connection of multiple houses under the same roof. Among all types of multi-unit housing, double-unit housing is the most common form. Double flat refers to two houses connected together, which can be in the form of one left and one right, one tandem, and occasionally one up and down. The left and right forms of two-family houses are ideal for residents, and each family will have a front yard and a backyard; The front and back flat houses, one with front yard and the other with back yard; The two-bedroom apartment in the upper and lower forms is the worst, and the two families need to enjoy the front yard and backyard.

Multi-unit housing is usually located in the area where low-income people are located, and tenants are the main occupants. Therefore, owners who own multiple houses often buy houses for investment purposes, but they live in other places or even other cities. In fact, from the perspective of investment, multi-family housing may not be a better investment choice.

First of all, the management and maintenance of the house is a troublesome thing. It may be hard to do it yourself, and it will cost a lot of money to hire people (the labor cost in Canada is relatively high).

Second, the appreciation space of houses is usually limited because they are located in low-income neighborhoods.

Third, collecting rent is a hassle. Canadian laws protect low-income people and vulnerable groups. If tenants can't pay the rent, it's very troublesome to let them move out. According to Canadian law, landlords cannot change locks or cut off gas, water, electricity and other infrastructure, nor can they throw the tenants' personal belongings out of the house.