"Real estate can't be lost or stolen, nor can it be carried away. Purchased with common sense, paid off in full and managed with reasonable care, it is about the safest investment in the world."
Franklin D. Roosevelt.
It is expected that Barrie will see 8% growth year over year for the next 5 years. If one were to put down $65,000.00 on a $350,000.00 town home in Barrie right now and if those numbers were accurate, the increase in equity would be 35,000. in principal pay down and $164,000.00 in real estate value.
Giving a return of 199,000 in 5 years.
If a person approx. 36 years old were to put $5,500 into a self-directed RRSP this year plus another $5,500 the following years making 5% (this is generous as the national average is 2.5%-ish) in compounded interest and you keep that self-directed RRSP going for 34 years, you will have $491,000. at age 70 for retirement.
If you SELF DIRECT that money into something that pays you 10% over the same time, you will have $1.5 M at retirement. No wonder our investors are so happy. If you know anyone who would be interested in a return like this, have them reach out to me!
Dreams can come true