You are 100% right. It is a function of the Law of 'Supply' and 'Demand'. As such, it is just logical for the government to act and open up more 'Supply' in nearby urban areas. Totally agree. Good for landlords but not for renters forever........ Just my 50cents........

Very true! IMHO: I believe housing affordability and more restrictive rules may cause major civil unrest down the road especially among young Canadians if the government will not act fast. IMHO: Implementing more restrictive rules across the board in already tight market may cause the bubble...

ECO 101 taught us (no offense intended) the above law and to support it, check out the links below: http://business.financialpost.com/personal-finance/mortgages-real-estate/worry-about-supply-not-demand-in-canadas-overheated-property-market-says-former-boc-governor-david-dodge...

With due respect to government officials involved in this new rule, I think they have lost touch in what is real and a dream. Thus, hitting the wrong button to solve the wrong problem. IMHO: Price is always influenced by the law of supply and demand. Having said this, the problem in housing is...

Hello REINation, Are we all ready for this? https://ca.yahoo.com/finance/news/ceo-will-relocate-employees-to-vancouver-if-theyre-worried-about-a-trump-presidency-170308748.html Your thoughts please........thank you!

Thanks a lot Thomas for well-informed insights as always........

Good insights, gentlemen. It broadens perspective of many rookies and veteran investors as well. Any thoughts on TransCanada pipeline to USA under Trump presidency? Thanks for sharing........

Wow! If this refi or Heloc with huge equity is being denied, how about the 3-job millenials trying to save for down payment money to afford a roof over their heads? They will forever be basement dwellers at parents house or long term tenants! Poor guys. This new rule really favors only the rich...

Just a word of advice: When doing a Joint Venture deal, make a good record or document everything as much as possible particularly Offer/s to/from prospective partners/investors. Sometimes it's difficult to recall what transpired during the discussion.

Just emailed details of the deal. It would be a great honor to have you on board===))) Thanks a lot Thomas.

Will do soon. Really need help. Thanks Thomas.

Thanks Thomas. Yes, I think it's fine interest + 50% ownership. My concern however is the little money that this guy is putting into the JV. It's only about 32% of purchase price of the land good only to pay for closing costs roughly. Net money would not be sufficient to pay for project's...

Thanks Marnie. Very informational.

Thanks Thomas. Are 12% prepaid interest for 1.5 yrs open + 50% on profit and ownership normal? Really curious. I thought its either loan or investment like what Cory had mentioned.

Thanks Cory. Yes, as far as I know, lending or investment money but not both. Very true because after closing costs, prepaid interest + 50% ownership nothing is left to fund the project. The expert would have to infuse more money to finance the project. With due respect for investors/lenders...

IMO: Asking for 50% ownership with small money putting into the deal + interest + other charges is too much to swallow. Can you smell bad fish here? Eventually, this guy is probably planning to take over the JV 100%. What do you think? It's better to get straight financing or investors money...

IMO: There is no need to worry since they are in your old tenant's name. The new tenant should apply under his name and not to worry for any unpaid bills as they are not his.

Read the link. Thanks for sharing, Thomas. However, what if the guy is putting only the equivalent 25% of purchase price and asking for 50% ownership of the JV which is not enough to finance the project say rezoning and land development costs? What would you do? What's the win-win solution for...

Hello all, Inviting money partners/investors in a deal. However, they want the above subject matter. Is this norm? I thought giving out 50% ownership is good enough. How do you guys do it to make the deal more attractive to your prospective money partners/investors? Thanks for sharing............

Thanks Thomas