Should I invest in property in Canada or in the US
My initial idea was to buy a house in Toronto and just rent it out. Mainly to hold the land because prices are going up real fast, so when I have a family and need to move in, I can just move to the house. Also it doesn’t make sense to just rent and spend the money to waste.

However I am told that buying a property in the states is more lucrative and have enter profit margin and can increase my passive income. And I don’t have to pay a lot of money to own one. I can get a good deal on buying a house and rent it out or in some cases can even buy a private driveway and rent it out. What’s your opinion? What would you recommend?
[{"id": "hqq0fko", "text": "Invest?\n\nOnly US.\n\nWhy? \n\nlargest economy, growing middle class with disposable income, USD rules the world, market economy, transparent laws, ownership driven / entrepreneurial mindset and finally - location, location, location!\n\nhappy new year y'all :)", "replies": [], "depth": 1}, {"id": "hqq12cf", "text": "Buying real estate across borders is a pretty significant investment. If you're only looking at single family, not the right sub reddit for that. I'd invest in the US personally, we have much more dynamic markets and if you're putting down $300k for Toronto, buy across 2 properties in the US and make twice the return.", "replies": [], "depth": 1}, {"id": "hqq5obh", "text": "Yes.", "replies": [{"id": "hqq7218", "text": "You, I like you. Merry New Years.", "replies": [{"id": "hqqovoh", "text": "Happy Glibfuscationerry.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hqqci9a", "text": "There are places that are investable in both Canada and US. Real estate is very local, you can't generalize a whole country.\n\nIf you are Canadian, I would stay in Canada if I were you for the first couple of properties. It is more important to not screw up on your first investment property than to hit a home run. You want to minimize risk and reduce complexity. So you should try to buy near where you live if possible.", "replies": [], "depth": 1}, {"id": "hqr0d5g", "text": "Investing across borders can lead to lots of tax problems, double taxation, needing to file taxes annually in both countries.\n\nIt's probably not worth the headache just to buy a single family home to rent out (and probably be cash flow negative).  Vs just buying a publicly traded REIT, being tax advantaged and not requiring any management, and probably cash flowing better.", "replies": [], "depth": 1}]