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  1. M

    WHERE ARE THEY NOW: 25 People Who Helped Cause The Financial Crisis

    Any list like this that doesn't include James Johnson and Barney Frank is seriously lacking credibility. Also, the inclusion of Hank Greenberg is dubious (although including AIG would not be) as he was forced out in 2005 by the Attorney General of New York, Eliot Spitzer. If Greenburg had...
  2. M

    The NDP Attacks ON LL`s: the OLA (a friend of REIN) Responds!

    QUOTE (RebeccaBryan @ Sep 19 2010, 09:56 AM) I heard the weeds in Toronto are out of control because of the banned lawn spray chemicals as well. Weeds are out of control as well as those of us with allergies. Thanks, Dalton.
  3. M

    Mortgage Insurance Rules

    QUOTE (housingrental @ Jul 21 2010, 12:02 PM) Mark186: why not post the firm? Well the email wasn’t intended for me so I didn’t feel it was proper to post the firms name. As well, we live in a very litigious society. Simpler, stupider things than this have gotten people in a lot of trouble.
  4. M

    Mortgage Insurance Rules

    My real estate agent recently passed on an email from a mortgage broker soliciting business claiming a way around the 20% down rule. It all looks bogus to me and I`m not contemplating using this firm (which will remain unnamed) but I thought I would post a transcript of the email for comments...
  5. M

    Bathroom fixes...

    Are you looking at gettingthe tub covered or reglazed? I did a reno last year and the existing tub was 4` not the standard 5`. After looking around and finding that 4` tubs were exceeding expensive and determining from the layout of the washroom that that was all the space I had, I went the...
  6. M

    Hearing with board

    In Ontario the hearings are in public. Mediation is conducted behind closed doors. At my local LTB hearing room the duty council is actually given a few minutes before the proceedings begin to inform the tenants about the availability of free legal advice. I find this to be an outrageous...
  7. M

    Hearing with board

    QUOTE (housingrental @ Mar 5 2010, 01:47 PM) This is helpful but two times in a week at the ltb? He might need a vacation after that. True, but going only once and encountering a surprise might end up costing as much as a vacation.
  8. M

    Hearing with board

    I`d strongly recommend observing the proceedings prior to the day your hearing is scheduled.
  9. M

    Radical changes coming for CREA

    Getting back to the original question, my point of view is determined by who owns MLS. The BNN article states it is CREA which I believe is true. My sense is that MLS is a database of sorts. If I want comps for a property, the easiest way for that information to be provided to me is for my...
  10. M

    Closing Costs

    Does this include the CMHC $150/door application fee?
  11. M

    A horde of hungry investors lined up for hours in the rain and slept outside overnight to ensure prime lineup positions.

    Doubtlessly, one of those "investors" will post here a year from now expecting someone on this board to explain some magic way to help them due to the fact their unit is now worth $100k less than they are under contract to pay for it.
  12. M

    Tenant late on Water Bill

    "I know that legally, as homeowner I am ultimately responsible for that bill." No, you are not. In Ontario a landlord cannot have utilities shut off but if they are in the tenants name, it is the tenants responsibility. Also, the utility provider cannot hold you liable although you may run...
  13. M

    My rant on frugality

    Too continue on with this thread - today I was on the phone doing some telephone banking and asked the woman on the other end of the line where a rather large amount of money I had transferred a couple of hours ago was, and jokingly asked if she had my money and was going to spend it. She said...
  14. M

    Seperately metered utilites in multi-families

    Following up my original post, I saw yesterday on the brokers website that the building is conditionally sold. I have only been aware of it being for sale a couple of weeks so my initial feeling is that somebody saw a good deal and “swooped in” and bought it. However, it may have been for sale...
  15. M

    Seperately metered utilites in multi-families

    I recently came across a 12 plex and was pleasantly surprised to see that each unit had its own gas heater and individual meter, which from my experience, is uncommon. The location of the building is high in rentals with the target market being low-income entry level renters. This does not...
  16. M

    RBC Predicts Recession will End next Quarter

    These are some of the same people that said asset backed commercial paper was a good investment....
  17. M

    Tenant Smoking Pot

    If you are in the province of Ontario, illegal activity is grounds for a landlord to end a tenancy. Likely where you`ll get caught up is in proving the illegal activity took place - a police report, or better yet a conviction, would probably be your only ironclad proof if the tenant decides to...
  18. M

    Canada`s Debt Deficit comparisons with major countries

    The Canadian Taxpayer`s Federation, an institution I would put a lot more faith in than the Toronto Star, has higher numbers for Canada: http://debtclock.ca/?gclid=CIrI-IHxj5kCFRDyDAodHTHQbQ Nearly double the total Canadian debt and consequently the per capita.
  19. M

    HELOC

    I can`t figure out how to add an attachment to a post otherwise I would display the same letter I got from BMO. I have not yet checked if this follows the original agreement I made with them but the letter states rates on LOC`s from before October of `08 are going up one percentage point. This...
  20. M

    Should I move ahead?

    Two things come to mind from reading your original post. The first is you mentioning really bad maintenance issues if you decide to go ahead with the 2nd property. Ensure you hire the best home inspector you can find to avoid this outcome. The second is a lack of any mention of a long term...
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