There are a few key things that owners should consider to decide if their investment is worthwhile
” Big real estate investors, such as developers, buy properties to hold for years, through many up and down cycles.
“My views are that if you are going to invest you should be a long-term holder,” says developer Gino Nonni of Nonni Property Group.”
“The faster an investment moves, the closer you need to monitor it, especially with the recent hype of NFTs and cryptocurrency,” says Chan. “But look at any real estate market in the world with a growing population, and it was definitely cheaper 50 years ago than it is today.”
”Two things matter in real estate investment says Chan: positive cash flow and appreciation. If the investor isn’t over-leveraged by too much debt, they should maintain a long-term outlook and not get spooked by interest rate hikes.”
To read the full article written in the Financial Post follow the link: Time to sell? How to manage your investment property as interest rates rise by Kerry Gold
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