And it's only in Canadian real estate market.No this one is different, it's not to buy real property and rent, it's to invest in builders such as Soho etc. for projects with timelines, and you can use your RRSP, minimal $30K, for the investment, the return is 8% annually, so much better than putting your RRSP in mutual funds, e.g., and we can't access the RRSP for almost nothing anyways, there are other specifics to be covered by the session, and you can ask all the touch questions.
it is very popular in toronto, people can buy this kind of product by themselves from the website.No this one is different, it's not to buy real property and rent, it's to invest in builders such as Soho etc. for projects with timelines, and you can use your RRSP, minimal $30K, for the investment, the return is 8% annually, so much better than putting your RRSP in mutual funds, e.g., and we can't access the RRSP for almost nothing anyways, there are other specifics to be covered by the session, and you can ask all the touch questions.
You need to pay tax on this investment, and using your RRSP could defer that.it is very difficult to make money in financial market now, i know some very smart guy, pure white Canadian, tracking record is 10 percent every year during the past 10 years. this record is pretty good compare to a lot of wealth manager in banks.
I am not sure it's only for condo, perhaps you should check out this session.it is very popular in toronto, people can buy this kind of product by themselves from the website.
but unfortunately, not too many people had interest, because all the project is for condo.
lending the money to builder to build over supply condos to get 8 percent? do u think it is a good idea?
if u can find a project to build single detached house in toronto, maybe i have some interest.