One of the steps in my Live Debt Free Program is to know the area you want to buy in and this takes research. Research is all about knowing the following:
- the area
- the demographics
- who lives there
- what is their annual income more
More and more people are renting versus owning. You have to understand and know how much it cost to rent a one bedroom or a two bedroom, three bedroom, detached home, semi-detached home, etc.
You got to do your research now, a right place to start is the Canadian Mortgage Housing Corporation. It's a website that does a lot of research, and you could get a lot of information there.
If you have any questions about building wealth through real estate connect with me for a free call.
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