[Burnaby] Concord Metrotown | 230.1m | 65,45,33 fl | U/C

[urbanight93]

Buying real estate is like investing in options.

For the small(ish) price of a 20% down payment, you can own 100% of the underlying asset value. The remaining 80% (mortgage) and strata/running fees get paid off through the rent generation. Tax on rental income can be offset by deducting mortgage interest. In 10-20 years, the mortgage is paid off and the investor benefits from the land appreciation which is almost guaranteed since land is scarce, development is struggling to keep up with demand, and property ownership is generally preferred to rentals (if all things are equal) since it inherently provides security.