According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

  • FuntyMcCraiger@sh.itjust.works
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    1 year ago

    The money you pay into a mortgage doesn’t evaporate. Only a portion of your mortgage is considered a cost (interest and fees and the like) the rest goes into your home equity.

    If a tenants rent payment doesn’t cover all of your mortgage, taxes and maintenance it does not mean your not making a profit.