Why would you pull your capital and deploy it in a different country? Why Ottawa? Canada, our neighbors to the north, have a lot of opportunities presenting themselves in 2021. My guest this week is Nick Kyte of Coldwell Banker First Ottawa Realty. We discuss the Canada markets, the differences in the process, short term rentals, and second/retirement homes. Nick is a great resource for anyone looking into the possibility of investing in Ottawa or Canada.
Key Points:
Nick’s background (0:40)
Canada as a safe haven, and the 3 major centers of influence (1:37)
What’s unique about luxury real estate in Canada? (4:55)
Nick explains the differences in the process for foreign investors (6:25)
There are some differences in the process between purchasing in the US and purchasing in Canada (8:29)
Commercial purchases in Ottawa (10:43)
Short term rental market update (11:39)
Are secondary properties more risk or more opportunity? (12:59)
Landlord tenant laws in Canada (15:36)
Resources for researching investing in Canadian markets (17:39)
How Canadians stand out (23:02)
Resources:
Nick’s website - https://nickkyte.com/main
Nick’s LinkedIn - https://www.linkedin.com/in/nickjkyte/
Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/
Learn more about The Haney Company here – https://www.thehaneycompany.com/
Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050
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