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Nothing is certain in Canada except death, taxes, and endlessly rising real estate prices.
The story is as well-worn as a 20-year-old doormat with even wealthy Canadians struggling to break into the housing markets in cities like Toronto or Vancouver thanks to dwindling supply and sky-high demand. So, real estate investment company SHARE is encouraging Canadians to look elsewhere for deals — south of the border, to be exact.
“The average price point of a Canadian home is north of $750,000 U.S.,” says Andrew Kim, SHARE’s founder. “Right now, in the U.S., it’s sub-$400,000 U.S.”
To Kim, the U.S. housing market is a surprisingly good opportunity for Canadian investors to generate income from real estate — either to pay for a permanent place in Canada, or to supplement their portfolio. SHARE’s premise is that owning real estate should be as straightforward as having a stock portfolio, and the company promises