Startup offering fractional real estate ownership sees 'great interest' from Canadians
BNN Bloomberg
Canada’s housing affordability crisis is forcing some priced-out buyers to invest in fractional real estate ownership as one way to enter the market.
“When investing in a REIT, you are investing in a management team, and layers of portfolio management. With us, the investor is a direct owner of the property,” she said. However, like any investment, psychical real estate can also fall in value, she cautioned. BuyProperly is currently working to offer more U.S. and Canada-based properties and is looking to create a reoccurring investment model that could make it easier for customers to add more cash into these deals. “We’re looking to help anyone buy real estate who is currently priced out of this market,” she said.
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