Is it worth investing in Quebec City as an American citizen?

[Acajack]

Originally Posted by oregonwoodsmoke

If you are considering investing in rental property, the only suggestion I have is that you very carefully study the landlord tenant laws before you proceed.

Also very good advice. Among landlords Quebec's laws are semi-notorious for being biased in favour of tenants.

[Zoisite]

Originally Posted by oregonwoodsmoke

If you are considering investing in rental property, the only suggestion I have is that you very carefully study the landlord tenant laws before you proceed.

Good point. I think such a circumstance would also require investigating whatever laws there are about foreign investors operating rental businesses like that in another country.

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[lio45]

I find my duplex in Old Lévis (QC metro area, right across the river from Quebec City's core) is too far away from where I spend most of my time (that would be Sherbrooke) and I'm getting fed up with that. If I were American-based I would likely have gotten rid of that property already.

Now yes, I do have a portfolio in FL but those properties (concrete block walls, terrazzo floors, one story, no balconies, no freezing cycles) are MUCH easier to manage remotely than a 3-story building from ~1830 in a very continental climate.

I would say, not worth it UNLESS you already know you want to spend a lot of time here every year to oversee things. Cap rates in Quebec City aren't anything special. You're better off investing in your own neck of the woods, frankly.

[JGDlife]

Just rent a longer-term Airbnb for the time you spend there. It helps the economy and also gives you many more opportunities to experience the whole of the area. Americans (myself included) feel the need to always own everything or else you’re lacking, it’s half-cooked and limiting. Investment properties often become more of an expense rather than investment if the stars don’t align perfectly!