Why is January So Hot?
Every year starting in January there is a sudden demand for student housing in Guelph Ontario. This when students know that they have to start looking for the best accommodations for the following school year. Although this annual ritual may seem very strange to the average citizen who assumes that August is when most students should be looking for a place to call home for the September semester, it is not strange at all to the average student. It is also student investment property search time for investors and parents.
Here is Why….
“…this annual ritual may seem very strange to the average citizen…”
Many first year students were stuck single handedly trying to find mediocre accommodation the previous semester, and many settled for student residence with high costs and a lot of chaos! They are determined to avoid this mistake for the second year. After all they are now veterans and are no longer timid, new freshmen. They now know the ropes, and the secrets of university life, in addition have aquired a group of friends who all experienced the same crappy living arrangements. They now, together, hand in hand, flood the Guelph real estate rental market ready to snatch up the best and most affordable living space! they will beat out the unaware new freshmen, many whom in January do not even know what university they will attend never mind where they will live!! Survival of the fittest in action.
Why Be Concerned?
So why am I concerned with this annual migration? Quite simple actually! I am a real estate agent in Guelph, and work with investors who buy and sell rental properties, where these students will live. I also have the honour of meeting these young aspiring university graduates in my quest to fill the properties I have sold to landlords.
On January first on any given year I will set out with a number of clients (some are new and some are seasoned veterans) to buy townhouses, detached houses, or condos, with the intention of providing a place for students to live. The search for the best student investment property is on.
In my opinion a student investment property is the best type of investments. The reason is because there will always be an endless supply of students no matter what the economy looks like, I know they will pay the rent, if there are 4 students in a property then there are 4 sources of income, mommy and daddy usually foot the bill, and I know that if there is a problem they will leave! It is also a highly predictable market in terms of renting, buying and selling these money making properties.
How Can You Profit From a Student Investment Property?
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Student rental properties in Guelph continue to be the leading investment tool. This is mainly due to the predictability of the market. As the heat is on, where are the new places to invest? Where are the old places to invest? You may be surprised! Where are the diminishing fads?
2020 promises to be a good investment year as the stress test has caused home prices to not rise as rapidly, however rents have increased due to lack of supply.