We all know that real estate is an EXCELLENT investment. A new report from the Bank of Montreal found that the Canadian rich are getting richer, thanks to their houses.
Some interesting points in this Financial Postarticle:
- 36% of BMO high net work clients surveyed own a least one second property worth $708,539
- many of those people are tapping into equity in their primary residence to fund those additional property purchases
- most of these folks leverage their property and invest the money