Insurance hikes spell trouble for flippers
`For investors depending on capital appreciation as their primary strategy, they`re definitely going to be more sensitive, or at risk, if property insurance costs do go up,` investor Marcel Greaux, managing partner at Dream Fund Holdings in Ontario, told
CRE. `That`s less so for investors who are using the cash flow strategy, or buy-and-hold strategy.`
The analysis follows a warning from Canadian insurers this week, suggesting property and home insurance premiums are set to climb by as much as 10% to 20% over the next two years.
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