toronto. i did the math. my condo is $850-900k, and total rent is $32,400 a year. my landlord pays $6k in fees every year, as well as maintenance and all these other expenses like insurance and property tax. i did the math, he's earning 1-2% on the property. mortgages rates are 5%. if he sells the condo and invests all that money in td, he's earning a 5.8% cash yield right away.
Anarcho-Capitalist