- Joined
- Jun 11, 2012
- Messages
- 4
Hello: I'm a Cdn. citizen retired to Mexico for the last almost four years. This makes me a non-resident and subject to the new speculators tax! I've gone through I believe it's Don's first book "real estate investing in Canada" for the second time and now I think its time to reach out a little and talk to some professionals. I'm trying to get an idea of how I might get financing with no income but a substantial down payment plus staying power. I also understand it's hard to find fire insurance for a non-resident. Can anyone help with info in that regard or know of some mortgage brokers and/or insurance agents they can recommend who I can bounce some questions off. I'm coming back to Canada for a holiday in July to show off my home country to my little boy and would like to set up some meetings while there.
Also, just wondering if anyone has some thoughts on how much effect the speculator's tax might have on Property prices in the area just outside the tax boundary area say in London, Windsor or Ottawa? (Over the long term) I see London has some LRT in the planning stages. and Ottawa in the building stages. Would they be good places to look for properties to buy and hold (and also avoid the 15% tax)? Thanx for any help or insight.
Also, just wondering if anyone has some thoughts on how much effect the speculator's tax might have on Property prices in the area just outside the tax boundary area say in London, Windsor or Ottawa? (Over the long term) I see London has some LRT in the planning stages. and Ottawa in the building stages. Would they be good places to look for properties to buy and hold (and also avoid the 15% tax)? Thanx for any help or insight.