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Recent content by ChrisDavies

  1. ChrisDavies

    CMHC and Bank possibly willing to over-mortgage MF property ... what to do?

    If you're really concerned, take the cash, stick it somewhere with some yield as a hedge, but keep it available incase your loan gets clawed back or you have to sell and pay it down some. A big wad of cash somwhere sure makes the balance sheet look good.
  2. ChrisDavies

    Garage Suites

    Has anyone actually built a garage suite? If so I'd love to chat about the process and your experience.
  3. ChrisDavies

    Alberta condos vs. multifamily: is the sum greater than the parts?

    I've been working on several of these - they're huge work and lots of moving parts. It's MUCH easier if I approach it from the Sellers' side and there's some legislative changes coming into force that will make it easier to do. I'm confident we can continue to help bail out condo owners and get...
  4. ChrisDavies

    Condo Conversion ?

    There's some folks in my office who have - industrial condos are a great conversion but you've gotta be cautious with pricing, consider the amount of yard space and how you'll handle common expenses. There should be fees.
  5. ChrisDavies

    Colour choices (dark/light grey)?

    Actual colours.
  6. ChrisDavies

    Colour choices (dark/light grey)?

    Anyone have a dark/light grey combo they like? We're painting a bunch of apartments and I think we need something more modern. Most of the units are getting LVP flooring so we can match the flooring to the paint.
  7. ChrisDavies

    Books?

    Shameless plug for my book: Apartment Buildings That Outperform.
  8. ChrisDavies

    Apartment Building - Would you Install Security Camera in this area?

    If you do go for cameras it's worth it to go for a web-enabled version and make sure you super-secure your recorder if you have one. Crooks are often smart enough to find them and take them leaving you with no pictures.
  9. ChrisDavies

    Calgary's 10 Million Sq Ft Hangover

    Parking is usually the primary issue, but there's a lot of HVAC and plumbing issues when you're retrofitting. A good question that combines office and residential real estate.
  10. ChrisDavies

    What is my next move?

    There's some broader questions around your situation too like age, family and community and their needs. You've got a fantastic opportunity to go in new directions and also to help develop those around you. If it were me I'd buy another farm ;)
  11. ChrisDavies

    New Trudeau Tax on Home?

    That's been par for the course for a long time, same with selling a farm - only the house and the 5ish acres around it are exempt, the rest is capital.
  12. ChrisDavies

    Best and Affordable Advertisement Site for Rentals

    Around here there's lots of great Facebook groups too. It's a tenants' market and lots of smart tenants are putting up a wish list and landlords respond to them.
  13. ChrisDavies

    Multi Family Realtor EDM

    I resemble that remark.
  14. ChrisDavies

    Edmonton. Legalizing a secondary Suite, process

    There's a swath of the east side that doesn't allow secondary suites, typically east of 50th street. But Matt is right on about the permitting process and timelines.
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