You would qualify for the capital gains exemption if you can prove its been a long term holding prop. Without knowing exactly what the threshold In number of ownership years is for Revenue Canada, I’m just going to suggest 5 years plus but anyone with better info I will welcome your expertise. I...

Agreed, he is a big bully, totalitarian-ism at its best. So, about the looming Interest rate hikes, which has already started in Europe, should the investors with variable rates on their mortgages lock in ASAP?

Please shed some light on this: The trucker protest will end violently with world wide coverage. Trudeau will resign for “personal reasons”. Will the latter happen before or after the end of the protest?

Not completely clear what you mean. A business purchase can either be a share sale or an asset sale. In case of the first one, See Thomas’ answer on risks involved. In case of the second, very straightforward. Good lawyer is recommended and will take care of all, even the smallest details Only...

Few things. Did they sign a pet addendum, dealing with things like cleaning up after pet, noise complaints and in a worst-case scenario safety issues? That would be a very good start. Secondly, just do a bit of research of how to report the attack wether it’s a police report or with health...

You would want responses from Landlords in Ontario. In Alberta we actually are allowed to collect a real security deposit with one months rent. This cannot be used towards last month rent. Significant difference between Ontario and here out west. If tenants leave junk behind or don’t clean, as...

Wel written. I’m one of those investors That doesn’t shy away from small centres, it’s been a successful strategy. Only remark I would want to make, is to make a distinction between smaller centres and small town. Small centres, often county seats with a wide array of services, somewhat of a...

Hello fellow landlords in Surrey/Langley Bc and wider area ISO housing for a Dutch emigrant family 49/46 with boy/girl 8 & 6 and a family friendly dog around 50 lbs Employment verification and letter of good-standing from financial institutions available upon request. Very clean and reliable...

I’m not knowledgeable on the Kelowna market. But It would totally depend on what you want yourself. For me, owning 2 bed/1 bath units as well as 3 bed/2 bath, I find the competition in 2 bed units high In most cases the majority of rentals are in that segment. The advantage on the other hand...

True! Some people have the gift to sell Ice to an Eskimo............ I guess I’m not an Eskimo.

I have always wondered about the logic of these type of deals. Why would anyone with a bit of knowledge and experience in real estate do this. To me the only true way of JV is when bringing on an equal partner, 50% downpayment, 50% mortgage qualification. On the other hand, it’s a business...

I agree, nothing wrong with the question in itself. Left answering that part up to you You did well.

The problem with calculations like you mentioned, points, spreads, cap rate cap ex you name it, is how to equate this to hard dollars. The first 4 you can’t deposit into your bank account, but hard earned dollars you can. Seems to me that all these calculations are out the window and make no...

Would love to give you a few pointers........however, Ontario tenancy act is heavily in favour of tenants, that it will be very difficult to find a loophole. IMO the only thing you can do is to enforce the lease, lock up the garage and put the ball in tenants court to go after what they think is...

It’s obviously not in Ab? If on a month to month in Ab you simply jack up the rent with the required 3 months notice by about $300/400 monthly. See how quickly they leave.

Yes, to PM, and another thing to watch is cost for contracting out work to contractors in rural areas. Sometimes they hold some sort of monopoly in those centers, being the only, or the better game in town, charging accordingly especially to RE investors. I have had these things happening a few...

Terry, when Thomas says, small towns, I would like to make the distinction between small towns, and small centers. Without knowing Quesnel, a quick look at the demographics tells you the town has just about 10.000 people and a further trading area of 13.000. Thats a good number. Does it have...

Thank you for the response Alvaro. I actually did go ahead and probably misunderstood Naborly, as the tenant application included the credit report for $25.00 Not sure what exactly they meant. As far as landlord association, I would need to look into that what AB has and if any cost involved...

Who, in your opinion, has the most affordable and best Canadian tenant verification program. I’m used to dealing with Naborly, always liked their service for the most part, but seems they have increased their prices twice this year already. March: Application and credit report combined $0...

My advice would be to never ever jeopardize Family (sibling) relationships. I come from a family of 6 siblings, each with their own personalities and wishes, having gone through the loss of our parents about 20 yrs ago. Family meetings and potential problems were solved JUST between the...