QUOTE (ThomasBeyer @ Mar 19 2010, 11:33 AM) selling a triplex will take more than 2 months anyway . assume that any new buyer will put down 20% minimum .. sell if it fits your personal goals .. keep if it cash-flows enough to allow holding ..
selling means: work, paying taxes, paying realtor fees, paying lawyers .. and then spending more time finding a replacement property, getting a new mortgage, pay more legal fees .. thus the "switching costs" are very high in real estate .. thus holding is often the better solution unless you want to buy a boat, toy, send kids to school, .. etc. i.e. need the cash for non-investment purposes !!
I appreciate the comments Thomas. Aside from the CMHC rule changes, I think I have increased the value as much as I can through renovations and rent increases. I guess the question more specifically is whether the CMHC changes should be a driver as an exit strategy. From the posts here, the answer seems to be no.