Buying into Canada's housing market may be difficult, but these tricks can help you earn money

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As with any investment, research is key. Know the market

, the demand is high, while supply is still waiting to keep up. Low vacancy rates increase the need for rental properties. These factors all lead to a profitable way to increase your bottom line.Article contentWhile often our first thoughts go to buying a primary residence, that’s not what’s likely going to give you the return on investment you might be looking for, at least not in the short term.

Other areas to look at include house flipping, where you purchase a “fixer-upper” with potential, renovate it and sell it for a good profit, investing in the aforementioned rental market, purchasing a vacation property that could be rented out as a bed and breakfast when you’re not using it, or getting in on a pre-sale condo assignment . All of these options could be lucrative, but as with all investments, it pays to do your homework.

 

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