If you bought a Canadian condo near the peak of the market, you may now be underwater, or losing money every month just to keep it. In this episode, Daniel and Nick tackle one of the hardest decisions facing Canadian homeowners and real estate investors: should you hold on, rent the property out, or sell at a loss? They examine real examples from the GTA, pre-construction deals, power-of-sale transactions and struggling flips before laying out a practical framework for making the decision without letting fear, ego or sunk costs take over.


You’ll learn:
• The difference between a forced seller and a scared seller
• Why your monthly “bleed rate” matters more than the paper loss
• How to calculate the true cost of continuing to hold
• Alternatives to selling, including refinancing, renting and adding units
• The legal risks of walking away from a pre-construction purchase
• Why Canadian mortgages generally don’t allow you to simply walk away
• How taxes and capital losses may affect the decision
• Warning signs that negative cash flow is damaging your personal finances
• The one question every underwater investor should ask: “Would I buy this property today?”
Selling at a loss doesn’t automatically mean you failed. Sometimes protecting your credit, liquidity and ability to invest again is the smartest move you can make.

TORONTO MULTIPLEX EVENT

Try it NordVPN risk-free now with a 30-day money-back guarantee! Use our code "realestate" to get 4 extras months from a 2 years plan

Exchange-Traded Funds (ETFs) | BMO Global Asset Management

LISTEN AD FREE

If you bought a Canadian condo near the peak of the market, you may now be underwater, or losing money every month just to keep it.&nbsp;In this episode, Daniel and Nick tackle one of the hardest decisions facing Canadian homeowners and real estate investors: should you hold on, rent the property out, or sell at a loss?&nbsp;They examine real examples from the GTA, pre-construction deals, power-of-sale transactions and struggling flips before laying out a practical framework for making the decision without letting fear, ego or sunk costs take over.
 You&rsquo;ll learn: &bull; The difference between a forced seller and a scared seller &bull; Why your monthly &ldquo;bleed rate&rdquo; matters more than the paper loss &bull; How to calculate the true cost of continuing to hold &bull; Alternatives to selling, including refinancing, renting and adding units &bull; The legal risks of walking away from a pre-construction purchase &bull; Why Canadian mortgages generally don&rsquo;t allow you to simply walk away &bull; How taxes and capital losses may affect the decision &bull; Warning signs that negative cash flow is damaging your personal finances &bull; The one question every underwater investor should ask: &ldquo;Would I buy this property today?&rdquo; Selling at a loss doesn&rsquo;t automatically mean you failed. Sometimes protecting your credit, liquidity and ability to invest again is the smartest move you can make.
<a href="https://realist.ca/community/events/unpacking-multiplexes-toronto">TORONTO MULTIPLEX EVENT</a>
<a href="https://nordvpn.com/realestate">Try it NordVPN risk-free now with a 30-day money-back guarantee! Use our code "realestate" to get 4 extras months from a 2 years plan</a>
<a href="https://www.bmogam.com/ca-en/products/exchange-traded-funds/?ecid=dw-F25GAMOrganicGAM1-BMUM14">Exchange-Traded Funds (ETFs) | BMO Global Asset Management</a>
<a href="https://www.patreon.com/creipod">LISTEN AD FREE</a>

The Podcast For Canadian Real Estate Investors.

The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.
Show hosts Daniel Foch and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Podcast For Canadian Real Estate Investors.
The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio. Show hosts Daniel Foch and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Canadian Real Estate Investor

The Podcast For Canadian Real Estate Investors.

The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.

Show hosts Daniel Foche and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Podcast For Canadian Real Estate Investors.
The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.
Show hosts Daniel Foche and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.