Because I haven't purchased anything yet due to family reasons that is I haven't experienced the real numbers as far as expenses on houses or buildings I keep wondering about those proforma things which apparently seem to be maybe simplified or underestimated as compared to the real numbers in...

What do you think of the Canora area in Edmonton in regards to small apartment buildings?

I just came across article by a mortgage broker where they say they heard from some people that they have not been offered an automatic renewal offer by the lender they have been with and those people are asking the mortgage broker for advice. The mortgage broker says it may be a possibility in...

They hiked the rates today by 0.15 and next week the BOC is expected to hike 0.25

Thanks again for the advice and information. I'll try and figure out what to do in the next few days or weeks.

Thanks for the replies. For two main reasons I'm looking to lock in at different banks. The first one being the mortgage brokers I got in touch with the last few month are great but they said they can't hold a mortgage rate for me if I'm buying rentals and the rates are going up so dealing with...

Hello everybody. Does anyone know whether you can lock in a mortgage rate with several banks at the same time? I know when they check your credit score they will see who else checked on you and that's why I was wondering about that. Thank you.

Lol! This article is from Dec 2016 not 2017. It's an old article!

forget about cash flow for a second especially for someone with huge cash that can help hold the property for a very long time even with zero cash flow. Did you account for the cost of more maintenance and repairs in suited houses? did you account for more tenant turnover as well? Did you...

The interest rate will go up more than 0.25. Oil price is going up and then the CAD dollar will go up as well making foreign investment less attractive. Normal immigrants don't put much upward pressure on prices. FOMO will almost disappear. supply will go up. Prices have been going up for 20...

The real correction is coming next year. See you in 2018 with way lower prices. 2018 will be a year many many people will remember in history.

I just came across an article that says some brokers found a loophole which is taking advantage of the 35 year amortization instead of the 25 year amortization to offset the new rule and cancel its effects. Any comments from industry experts as to whether this works or it's just the imagination...

You still have one downside risk apart from some risk when investing abroad. the risk is if you buy today and if when you need to resell the Canadian dollar is higher than today's rate you'll be losing money.

Sorry I forgot to mention that this stuff comes from the Huffington Post who say according to a director at Moody's rating agency the next five years will see a retrenchment in the housing market and then go on to mention the numbers above. You can find similar stuff in other media articles as well.

Matt, you're absolutely right! It comes from the Huffington Post and that's where I got the numbers from but I didn't mention the Huffington Post because I thought I saw very similar stuff with similar headlines in other various different media reports as well.

Moody's rating agency is predicting a 14% decline in home prices for Edmonton over the next 5 years. About 6% decline for Calgary and and a higher percentage of decline than Edmonton for both Regina and Saskatoon. Toronto and Hamilton on the other hand will have between 30% to 40% appreciation...

Honestly I'm not making a prediction and have no clue how much the rate will be 1, 5, 10 years or longer but I have been looking at historical data which shows the rate has fluctuated a lot up and down and I have just been making general observations with regards to rate long term graph. Also in...

20 years ago the rate was way higher and it had room to go down. Now it's at an extremely historical low close to zero and can't go much lower again if any. I'm also starting to lean towards variable but if they raise the rate to a very high level in the next five years like close to 10% or...

Thanks everybody for all the responses. Although it might somehow seem a bit discouraging in some aspects this makes me happy because it's better to be well informed and take the advice of the more experienced people than to just jump in and get stuck at some point. The article in the Edmonton...