Portfolio Advice
Looking for some unbiased opinions on my portfolio and long term strategy.
34M, married with one young child, living in Canada.
Household income:
Combined gross income: approximately $375k–$450k/year.
My income: $300k–$350k/year depending on overtime (aviation — you can presume what I do).
Spouse income: $90k plus bonuses (ranging $5k–$15k).
Additional income from side hustle: \~$75k–$100k/year (sales and goes into a corporation where I invest portion of it)
I also have a very strong DC pension from my employer. My spouse does not and I will most likely be doing Spousal RSP for her.
Current portfolio (rounded):
• 4 properties total.
• Primary residence: worth approximately $1.4M with a mortgage of about $1.22M. I purchased it for 1.55m with current prices unfortunately it’s gone down.
• Rental #1: worth about $600k with a mortgage around $445k. Rents for \~$2,700/month.
• Rental #2: worth about $600k with a mortgage around $450k. Rents for \~$3,250/month.
• Rental #3: worth about $340k with a mortgage around $215k. Rents for \~$1,900/month.
Total portfolio:
• Real estate value: approximately $2.94M.
• Mortgage debt: approximately $2.33M.
• Equity: approximately $610k, plus about $275k–$300k invested in registered accounts (RRSP, TFSA, RESP) mostly ETF like VEQT, VOO, VFV, VDY
I also hold some top companies I believe in.
All three rentals are currently around break even to cash flow positive after recent mortgage renewals.
The current plan is to hold everything for at least the next 10 years while continuing to invest monthly in broad market ETFs instead of buying another rental.
If this were your portfolio, what would you do?
Would you:
Keep all four properties?
• Sell one or more and diversify into index funds?
• Pay down mortgages more aggressively?
• Keep leveraging into real estate?
Looking for constructive criticism, especially from people who’ve built wealth through either real estate or index investing. What are the biggest risks or blind spots you see?
I also understand I’m highly leveraged in real estate now but I’m not worried about a short blip in the market. Long term I see value in real estate in Canada.