It is so true that stats are just a general overview and don`t really reflect actual prices, especially when you are looking at a general overview of the whole country. What I noticed here in the area of Toronto that I buy, was that even after housing prices increased dramatically Q4 2007 due...

QUOTE (Tibo @ Jan 26 2009, 10:49 PM) Good Day I'm shoping for a primer and paint and have no clue on what to use. cheep: Gliden primer 55$/5gal Pittsburg primer 125$/5gal Behr top primer 35$/2gal you probably don't need to buy the most expensive primer, but generally you don't want to...

I do the open house thing when it`s a busy time of year, like when I`m renting for sept. It seems to work well and gets a lot of people through in a short period of time. Saves me from doing 100 showings or trying to do 5 showings similtaneously. sat and sundays 2-4 is a good time. I like to...

QUOTE Best all around service and prices that I have found is Home Hardware...smaller stores, more help, better service, decent prices. Not sure, however, if they are Canada wide or not. I completely agree with Monte and Garth that the best service is @ Home Hardware. I have one near me in...

QUOTE (JordanRich @ Jan 23 2009, 03:26 PM) Hello there, Thought this might be a good exercise to see what people would do if they won a lottery for say $2,000,000. Objective is simple: 1. spend all your money on real estate. 2. create enough cash flow (if possible) to live on. 3. pick which...

QUOTE (invst4profit @ Jan 22 2009, 06:48 AM) No one else is going to comment so I guess I will. That is not a good deal especially considering the present financial situation. Considering you would be paying some of the utilities I believe you will experience negative cash flow on this...

I allow cats in my rentals. I`ve never had problems with tenants cat`s destroying anything or causing odour problems, but then that may depend on the cat owner and the cat. I think it`s always going to come down to the individual tenant on how they look after and maintain the property. who...

QUOTE (wgraham @ Jan 19 2009, 11:00 AM) I am with you Terri. I generally buy in the 325 to 375 range and I have seen a lot of crap in that range lately. They have been on the market for 90 days and they wonder why......but then I walk into the most amazing house I have ever seen in that...

QUOTE Get some history about the listing (what prices have they tried to sell at, how long did they wait for reductions, how big were the reductions when they made them, how much do they owe on the property etc). Also what language is in the listing, what does the listing agent have to say, is...

QUOTE (invst4profit @ Jan 19 2009, 08:58 AM) Toronto. That is the only way new home buyers can get into the market and as they are not buying with a solid business sense they will be willing to pay more and will be difficult to compete with. My guess within a few years many will be upside down...

Sorry, my rant was meant to be a bit tongue in cheek. I`m not really that upset that the properties that I buy haven`t really lost any value. I just think it`s ironic that in this "market meltdown" people are still jumping in and scooping up my target properties before I have a chance to even...

so everywhere I read that the housing market is in a decline, prices have dropped, sales have dropped, so why is it that any property that I would want to buy is selling in 2 days or less? There have only been 2 properties that have come up on the mls in the last 2 months that perfectly fit my...

QUOTE (mrembecki @ Jan 15 2009, 04:19 PM) Hello, What would you do in this situation: my friend bought a home in Eastern Ontario for before the current slow down. his work transfered him to work in another city where he currently lives with his parents. He is leasing the house he purchased...

QUOTE (seeu22 @ Jan 10 2009, 11:34 AM) Your logic is flawed in the above post. While 40 year ams may only represent 6% of the total outstanding mortgages, they represent a significantly higher portion of new mortgages and renewals in the short time that they have been around. So yes the 40 year...

as investors, we shouldn`t really want to be "motivated". I agree with Jack that I don`t want motivation when I go to a REIN meeting, I want facts. I won`t be attending the all day workshop in Edmonton, but I`m hoping that the regular monthly REIN meeting here in Toronto with focus on facts...

QUOTE (dharam @ Dec 29 2008, 03:35 PM) Here is an article by the Wellesley Institute that the rental vacancy rates are going DOWN due to the economic climate. Although the survey is for Toronto, the principle should apply anywhere. http://wellesleyinstitute.com/confirmed-de...ontario-toronto...

QUOTE btw: it took me over 10 years to get from "dream" to "act" .. so don`t get frustrated because by this time next year or in 2012 you do not own investment real estate yet ! hear, hear, it took me 5 years and an illness that forced me to quit my job before I acted on it, but in that 5 years...

QUOTE There is a school of thought that many secondary/tertiary cities in Ontario will outperform the larger centres over the next 5- 15 years (in terms of appreciation). The concept being that as the baby boomer generation become empty nesters and retire they will both downsize and migrate to...

QUOTE (nepoez @ Dec 24 2008, 12:51 PM) As "negative" as Jack is, I as a new investor also share the same fear regarding oil. Can the experts please provide some insight? Fear can be a good thing. I don`t know a lot about Western Canada, but I know that something to consider when analyzing an...

QUOTE (JeffSmith @ Dec 24 2008, 08:26 AM) Are there cities in Canada that you have done research on and look positive for future growth and have good economic fundamentals? What areas are you considering? there was a article on here not so long ago, can`t remember who posted it, perhaps one of...