It was two years ago when I talked to the bank but then I changed my mind and put off all my plans due to the oil crisis. But I remember the broker at the bank gave me a sheet explaining there would be a series of draws and that I would have to spend money out of my pocket at times if the...

I have the cash but not the expertise. But the way I was thinking about it is that I have a realtor and they should be able to pick a good area with infills already happening which means if other people are already in that spot it should be ok. Or even other areas but with potential. The...

Hello everybody. I am thinking about doing an infill project in Edmonton like for example buy a lot and build a house with a legal basement suite or a duplex side by side on it then when completed either sell it for profit if any or hold on it and rent it out. What are your thoughts? Is it a...

Hello. I was just wondering if it would be good to buy one or more condos in the sky condos project in the new arena in Edmonton. They are expensive of course but the location is unbeatable as well. What I would be concerned about is the 5 to 10 year appreciation potential and rental return...

Actually I forgot to mention that the statistics of the real estate board of Toronto are different than those of Teranet. Some say there's a difference because each one reports sales differently like closed sales instead of sales to be closed but I'm not sure about it. Anyways in the next few...

Yes it's true but they say the drop in price is only due to high end houses in which case the average price is a misleading indicator. according to Teranet the price of the same normal typical house is up in July about 2% from June in Toronto.

According to teranet house price index, prices are still rising in Toronto.

Don't you think the help with financing strategies should be the job of your mortgage broker?

What do you think the ratio of partnership should be if the money partner is guaranteeing the mortgage as well?

By sub-markets you mean the small towns around Calgary and Edmonton or somewhere else?

I have been getting ready to buy in Calgary and Edmonton but now with that proposal and the interest rate going up I'm getting scared because I might buy and after that the price might go down so I would lose big money! Honestly what do you recommend? buying now or waiting till after the...

Just a little question here. if under the current rules you are able to purchase 4 to 5 properties for a total of 2 million dollars with a 20% down payment, how will the new proposed stress test affect that formula? I mean how many properties will you still be able to purchase and for how much...

What do you mean by if you are sitting on cash , it is a buying opportunity? Do you mean the prices will fall or stagnate? and if you mean the prices will fall, by how much do you think and how long it will take for the prices to start falling after the stress test takes effect and for how long...

The interest rate is increasing anyways and by 2018 - 2019 it will be very close to the proposed stress test rate so we're gonna be there eventually what's the difference then? IMO the proposed stress test should have been implemented in 2015 when the interest rate was lowered to an...

You're 100% right. It doesn't make any sense to me specially when it is 50/50. On top of that it ties you up in so many ways. All you need is a good property manager. They charge about 10%. I agree that down the road you could have hard times dealing with property managers and need to change...

He's just kidding

The problem with today's market is that residential real estate is way overpriced or artificially inflated. What does this mean? It means for speculators they're making a killing but for normal rental property investors it's not good at all. Why? Because the house price to rent ratio is screwed...

You can make money in a sellers or buyers market but not in a flat market.

So I understand you changed your mind!? Last year you were recommending not buying in Alberta and even your advice was to wait until 2018 at the earliest if any and even longer. It's a bit late now. last year was a buyer's market and it's over now.

I decided not to buy in Ontario.