Owner Occupied Income Properties Still the Way to Go
Despite bottom line returns decreasing, living in an income property is a prudent way to make life more affordable.
I have been involved with Toronto real estate selling income-generating properties for over two decades. I have always advocated that where possible, it makes good fiscal sense to live in these kinds of properties to offset your monthly expenses.
It has been a little more difficult lately to make a case for duplexes and triplexes as stand-alone investments since interest rates started to increase over two years ago. Cap rates have increased but it is harder to break even every month with the higher borrowing costs. Not everyone can pay cash for their property and will need help from a lender to make a purchase happen. Besides the money that will come in every month to help offset your mortgage, there are some other benefits of living in a building with your tenants:
