Question:

I have purchased a new home however I'm not sure whether I should sell my current property or hold onto it as an investment and rent it out. The property is 1800 sqft townhome in Ottawa's west end, it 15 years old but in great shape. I worry however that if i hold onto it now and want to sell in 5 years time, it may not be worth what it is today as rumours have it that the resell market may take a downturn in the coming years with possible interest rate hikes. It's also a renters market right now and I may have problems finding tenants at the rate I want. I want to make sure I don't take a loss.

Answer:

Good Q.

It depends on your personal situation wether to hold or sell.

Please contact us at 830-9999 for additional details

Regards

Len & Craig

Answered By: Len Huffman and Craig Smith

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