I am looking for a management company for my 3 beds townhouse condo. Can you please suggest a good one. Thanks Sandra

Hi all, I and my sister co-owner of rental property, Last year we decide to change percentage of ownership. Let says before 50/50. Now 70/30. Are there any procedure to let CRA know when I file income tax. Another question is how often properties co-owner allow to change percentage of...

I have some in RIOCAN in the last 5 years, they paid dividend but commercial RE has not performed very well so it did not generate the return that I hope. For what I have read Vanguard seem performed well but they are too expensive. Agree with housingrental, I stay out of REIT

I have some money inside RRSP and TFSA, wondering if you know any Canadian ETFs that create around 5-7% return Thanks Sandra

Hi all, my friend decide to rent out her principle home, and I try to do income tax for her this year. So when I set up an investment property T776, there is a question about how much value of land and how much is the value of building. Do you know how to split them ? It is a town house in NE...

Thanks for all replies, I have turned them down due to the liabilities and complicate issue.

Hello, I would like to know regarding advertising unit for rent, other than Rent fast, Kijiji and rent sign, do you have any other effective methods to get your property notice. What is the pro and con if tenant want to open a dayhome in the property, any liability that landlord should be...

http://calgaryherald.com/business/energy/calgary-developer-behind-skyview-ranch-in-creditor-protection

Thanks Thomas, Mind you we are only 4 months in from 2016. I don't have problem buying today, the one I am concern is vacancy. Calgary is a oil town. What other industries that support economy?

Hi experts, I am looking to buy more properties to add to my portfolio. Wondering is it a good time to buy in Calgary right now ? or should wait a bit longer? Where are we in RE cycle ? The market missing a fundamental, there is not a lot of job created, unemployment is high. I noticed the...

Hello all, I have a 5 year fix mortgage, and have 2 more years left on it. I want to change to variable and the bank says I have to pay penalty. Is this penalty tax deductible? Thanks Sandra

QUOTE (kir @ Jan 31 2010, 04:47 PM) Hi, I just did a renewal with one rental from TD. They usually send you a renewal notice with several options. Usually they are pretty competitive. It might not be better to switch to another bank due to fees incurred while trying to get a new loan from a...

Hi all, My properties are not up for renewal yet, but I have few questions regard refinancing time to help my understanding about RE investing. * Do existing banks automomatically renew mortgages when time is up? * In what case banks refuse to renew? * Do all mortgages requires appraisal to...

QUOTE (WSJ @ Dec 17 2009, 07:09 PM) We have multi-family buildings in both Alberta and Ontario that will need to renew mortgages. If you know of good bankers/brokers for these two provinces, please give us the contacts. Either CMHC or conventional is great. Thank you in advance! Wen Jiang...

Hi all, I have a friend who work for mortgage company specialize in private money present me a deal that he is currently working on. He`s looking for $37000 to place as 2nd mortgage with the rate of return is 22% and will be paid every 3 months. Term of loan is 1 year. Appraised value of...

Hi all, my condo got a pipeburst last year, Luckily I got insurance for income loss. Everymonth, I received a cheque from insurance company to cover for market rent of a condo. Income tax time, I assum I should record this amount as Rental income, please correct me if I am wrong. Thanks Sandra

Hi all, My property manager started charging me 5% GST on top of 10% property management fee. I never heard of it before and am wondering if this is possible and appropriate. Thanks

I just got a bill from Enmax and apologies letter from them saying that due to technical error, they missed charge utility for my rental property since Jan 08 until now. The bill come up to more than $1000. The tenant at that time has been moved out long time ago. Not sure how to deal with...

QUOTE (eiwilson @ Aug 24 2008, 05:07 PM) Sandra, I just got a similar letter from the City of Calgary for an inspection of an illegal basement suite in September. How did your inspection go? Any advice for me? Thanks in advance! Erin Hi Erin, They inspected my suite and requested me to move...

QUOTE (RebeccaBryan @ May 24 2008, 07:04 PM) Sandra, I`m not sure what the city does in Calgary, however, in Edmonton, because of the housing problem the city in general are pretty open minded. My Mom just had her six-plex investigated by Capital Health, they told her that she had to do some...