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There's also taxes on the 7% a year. So you're not making that much. Vs gains are tax free in your house. And I guess you can write off the heloc % too.
Honestly, unless you already own here, I don't really see why you would pay $2m for a duplex. The new builds duplex are already asking that in BBY. Do you really want to live in Chilliwack 10 years down the road? Just settle to Alberta, or if you can continue to work remote. Just move to another country since you have no kids, baggage.
Where do you see Canada in 10 years, the gov is sounding alarm bells for productivity, GDP per buddy guy. Do you really see lots of opportunities to succeed and big money in Canada in the next 10 years? Or do you think it's gonna continue to grind down and get worse. I don't see what Canada has that can make everyone on here all chateau owners if you don't already have money now, family money or own a place now. RE is not gonna get cheaper here theres no land. We can only subdivide and move upwards. Illegal labour isn't getting any cheaper.
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