Primary residence only? So rental/income properties won't qualify.

Just wondering if in Canada individuals can still host a mortgage in a self directed RRSP? Thanks Has any one in the group tried this? what are the advantages and disadvantages?

Thanks Margaret and Thomas for the insights and suggestions. I think the fact that there would be an influx of baby boomers in the next few years is a good indication that there would be a market for people looking to buy or rent in +55 only buildings.

I am looking to purchase a +55 condo in Calgary for a relative to stay for the next 3 to5 yrs, however thinking of the longer term prospects; I am wondering if +55 condos rent well or even sell , it seems to have narrow niche and possibly most seniors who live on their own would rather be in a...

From observation, unless the property is truly unsellable, the buyers agent does most of the work. To be fair the buyer should pay their agent for negotiating a good purchase and using their skills and experience to help the buyer make an informed decision on a huge investment. And the seller...

Ok, sounds reasonable I did ask a couple realtors and both said 7% is the going rate; I didn't really question because they helped me with prior purchases, but I had to know if the rates were indeed non negotiable. I looked at the FSBO option as it seems cheaper however I don't know how it would...

Quick question are realtor fees negotiable?

So it is not true then that it is a Provincial regulation that a guarantor is required? Anyway wouldn't acting as a guarantor affect my debt servicing? I would like to acquire more rental properties however because I already have 2 mortgages I can't qualify for any more, which is too bad...

ok I am new here but I have a question. Banks say they can offer residential mortgages to companies that rent out residential homes, however they still need the business owner to be a guarantor, I am curious why is that? And it is absolutely necessary in Alberta as a bank rep informed me Thanks