Is now the time to buy a rental property?

Our predictions are on target: rents could continue rise even more over the next 12 months for the following reasons:

1.  High interest rates preventing first time homebuyers from buying.

2.  High interest rates preventing existing homeowners to upgrade, and instead opting to rent.

3.  Builders focusing more on building homes to rent, further depleting the supply of for sale homes.

4.  Wait-and-see buyers opting to rent in the hopes of home prices coming down.

5.  Potential buyers who have lost their jobs unable to secure financing.