Why not to invest in real estate
By Bruce Firestone | Uncategorized
real estate’s downside A client asked me, “Why wouldn’t I invest in real estate, Prof Bruce? What are the downsides?” Here are some reasons: a) Transaction costs are significant especially if you trade frequently. Transaction costs include: legal fees on completion, accounting fees, Land Transfer Taxes, adjustments on closing (e.g., for pre-paid realty taxes), HST […]