The Top Reasons Why Your First Home Should Also be an Investment PropertyPosted by Terry Paranych on
Are you thinking about buying your first home in Edmonton? Did you know buying a home that doubles as an investment property can make first-time homeownership all the easier? While many homebuyers will opt to wait until they’ve purchased their first, second or third home before entering Edmonton’s real estate investment market, there are many advantages to beginning your real estate investment journey now.
Here are our top reasons why your first home should also be an investment property:
1. It’s Easier to Get a Mortgage
Buying a home with a rental income suite (sometimes referred to as a secondary suite) can make it easier to qualify for a mortgage. This is because the Canada Mortgage and Housing Corporation (CMHC) allows first-time…
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