CITIES OR PROVINCES?

Residential property investors have been hit with a plethora of changes, particularly the extension of the bright-line test to 10 years and the unexpected removal of mortgage interest deductibility. The prediction certainly seems to be that there will be an exiting of residential property investors, who supply over 80% of all rental properties to the market. Using the Government’s favourite terminology, this will now be “the new normal”, and all that is left is for investors to “pivot” to the next opportunity.

In my last article, I pointed out the benefits of investing in commercial property as opposed