Thanks again Thomas - greatly appreciated!

Thanks Thomas. What kind of rates are people getting on the 2 and 3 year terms? RBC is offering 2.99 and 3.19 for the 2 and 3 year terms respectively. I think I should be able to do a bit better. Thanks again.

Hi, I have three mortgages coming up for renewal at the end of this month. They were all 2-year terms at 2.14%. There are predictions that the prime rate will go up another .5% this year. Therefore, I am leaning against going for a variable rate. I am trying to decide on the term and on what...

Thanks everyone for the feedback - I really appreciate it! The basement suite is legal, so I am not worried about that part. However, I am worried about the condition of my home. My long-term plan is to hold for five years and then sell if the conditions are right. I think I will do a...

Hi everyone, I bought a beautiful, brand new house in an older neighbourhood and then put in a two-bedroom basement suite. I rented the whole house to a young man, his wife and two children. He had a very good credit rating and good references. I let him rent out the basement suite, as I...

Thanks Todd and Tom, I really appreciate your help. Best wishes, Kate QUOTE (Sherwoodparkcondos @ Jun 24 2008, 12:47 PM) Hi Kate, The CRA offers a GST rebate on new rental properties, heres the link. http://www.cra-arc.gc.ca/E/pub/gp/rc4231/rc4231-e.html Tom

Hi Everyone! I am looking at purchasing a home that was recently constructed. Since it will be a rental property, I will have to pay GST. Does anyone know if I will be able to get the GST back by applying it against GST I collect in my corporation? Thanks in advance for your help, Kate