Income Properties

One great way of investing your money is to invest into property. This can have a great return over a long period of time but can also give you returns in the short term. Investing in housing around colleges and universities is a great way to make an extra income on the side without very much work. Rent from students especially in a larger house that can fit more than four people can easily cover your mortgage payment every month and give you some extra money to cover any expenses associated with the house. In Ontario rent for a average house can cost anywhere from $300 per month to upwards of $800 in urban areas such as Toronto. If we look at an average of $550 per month across the province in a four person house you can receive $2,200 in rent each month. Other Property investments can be in more rural areas can be a great investment if you have the time and the money to buy and pay the mortgage. With the large expansion of the GTA (Greater Toronto Area) any underdeveloped areas around there can still be bought with a relatively small investment and can be sold down the road to make a large profit.