http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/provfcst-jun2017.pdf Great news. Good luck!

Beware of PM's extraordinary charges and those who insist not to make direct contact with tenants. I am sure many are good and honest PM but to fabricate stories so they can charge you extra is totally unacceptable! Investigate! Then fire them ASAP if you proved them dishonest!

Excellent advice. Will adopt them. Initially sounded this but seller was unperturbed. Matt and Thomas, thank you very much for unselfishly sharing your expertise and giving advice. We'll keep them handy as we move forward with this project. Much appreciated really.

It's in KWC, ON CMAs with many amenities surrounding the property. Revenues and expenses are actuals subject to verification upon acceptance of an offer. The building is quite old and definitely needs renos but sits on a little over 1/2 acre in downtown central. For quick analysis, I'm using...

Doing some research on cap rate for MFs and found this thread. I agree with you, Thomas. My questions now are: - Would you still buy the property if cash flow will be breakeven or in negative territory as a result of low cap rate despite 25% down payment? Or buy it from price appreciation or...

Today's Home Trust news https://ca.yahoo.com/finance/news/fall-home-capital-group-inc-121729967.html

http://business.financialpost.com/news/fp-street/home-capital-bleeds-another-291-million-in-withdrawals-in-just-one-day Any opinions?

I' m still debating myself on this one. Any insights from investors, PMs, realtors from these areas? Thank you in advance for sharing.

. Exactly. Many thanks Thomas

Allowed uses are single detached, semi-detached, duplex, group home, B&B, boarding or lodging house. The property is in good location, the layout, traffic and curb appeal are also good if not excellent.

These are my questions: I agree in part. However, $$$wise, I believe you can ask higher rent from tenants/owners of profitable business versus students. What do you think?

Not interested in running a business. Simply looking for the right business operators who can afford and sustain higher long-term rent. Student rentals is good but rent is capped to a certain level due to competition and mostly short-term (8-10 mos.) lease.

just would like to add my 50cents: include in the narrative/application form the potential jobs, businesses, planned support to the communities and tax revenues that the project will bring to the county.

It is now vacant. I agree. But, which one? A B&B? I have to check the zoning by-laws on this. Was thinking of student rentals. The local PM that I talked to is managing mostly student rentals. Thanks Thomas

Hey all, We are doing a due diligence on a 10-bed property in Central Welland, ON previously used as group home for mentally challenged individuals. Although income is excellent and collection is not a problem, we think managing these type of individuals plus potential liabilities and headaches...