QUOTE (Ally @ Apr 21 2009, 09:33 AM) The central bank sliced the overnight rate in half to 0.25 per cent - the lowest it says is practical - and signalled strongly it will have to keep it there until at least mid-2010. The key point in today`s announcement is not the actual rate cut but the...

QUOTE (jlee @ Apr 19 2009, 09:32 PM) Something else I just learned - you can only use this really great CMHC rental program twice. Thankfully there are others like Genworth and AIG. Lee Genworth isn`t insuring high ratio mortgages for rental properties as April 18th. Hopefully CMHC doesn`t...

I`d go with the couple based on income. Make sure you charge a non-refundable pet deposit on the cat. I generally charge between $100 and $200 depending on the pet and how much wear and tear I think it will cause. Remember to check everybody`s references!

QUOTE (llee @ Apr 5 2009, 08:40 PM) Check out the Home Depot or Rona seminar. I attended once, and I found it a great overview. Also, check out the local college or City program. For example, in Ottawa, Algonquin College offers "DIY Plumbing", "DIY Tiling", "DIY Drywall", "DIY Hardwood and...

QUOTE (Goodstuff @ Apr 2 2009, 08:36 PM) Turner is trying to scare everyone by projections using today`s dollars but future rates of inflation. Not gonna happen. Just think how much he`ll be making thanks to his inflation-adjusted MP`s pension, assuming he`s not still in office!

QUOTE (Sandro @ Apr 2 2009, 01:15 PM) Just wondering what people have to say about Garth Turners predictions that interest rates can go as high as 11% by 2014. You can read his article below. thanks for your input..... I`d say he`s absolutely right that rates will go higher in the medium to...

Not all provinces, for example Manitoba, require brokers to be licensed. If you really want to work with a specific broker and he or she isn`t licensed in a particular province that broker can always co-broker a deal with a broker from that province. By the way, thank you for the kind words...

QUOTE (stephen @ Mar 9 2009, 04:57 PM) I would love to know other peoples take on this but I do think we need to prepare now, This coming from Warren Buffett Billionaire Warren Buffett, whose Berkshire Hathaway Inc. posted its worst results ever in 2008, said the economy "has fallen off a...

I talked to a graffiti removal guy once who suggested applying car wax to your garage doors and vinyl siding. If you get tagged you can use hot water to remove the wax and also the paint. I tried it and knock on wood haven`t been tagged yet. I would imagine more wax is better than less so...

QUOTE (ohsofrugal @ Mar 8 2009, 05:32 PM) I`m getting a mortgage on my first property that closes at the end of this month. Its a 3 bedroom semi with a separate basement suite. I will live in the basement and rent out the upper level. I secured financing in January. At the time I was offered a...

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Hands down the older fellow. He`s likely to stay there for many years, will definitely be easier on the property and may even do pro-active maintenance. Little kids will create all sorts of smears on your walls. Count on at least a totally new paint job once the family moves on. If the older...

QUOTE (billybonks @ Mar 8 2009, 11:34 AM) I need some expert advice on what you would do. Bought a house in Fort Mcmurray Sep 2008, and my rate is high, I want to lower my monthly payments. With intrest rates down, what options would |I have. Fort Mcmurray - intrest 5.59% payments $3,020.00 5...

If it`s an old stale odour, rather than someone smoking recently, call REIN member Mike Sunley at Odorzap. His number is 780.919.9494. Check out odorzap.ca He`ll bust that stink.

QUOTE (PaulPoulsen @ Mar 2 2009, 10:08 PM) Does the Bank of Canada have it within their authority to force banks to lower their rates? No of course they can`t force the banks to lower rates. But I`m willing to bet that the Finance minister and others in the Finance Department chat with the...

I got a notice from TD that my unsecured line of credit was being hiked to prime plus 5.75. It`s the only account I have with TD and there`s a minimal balance so it may be they are looking to get rid of me. I won`t close the account, I`ll just keep it at zero balance and have it as an emergency...

QUOTE (RobMacdonaldCMT @ Mar 2 2009, 09:10 PM) The Central Bank is doing their part, the question now is will the major banks follow suit with the drop in prime? I`m willing to be the fed`s are putting pressure on the banks to follow suit by dropping prime. The banks can`t plead poverty after...

One of my tenants paid her rent by email this month. It was incredibly easy and bang, the money is there right away. Plus instant record keeping done for you. And as far as I can tell there was no fee. Talk about hassle-free. You get an email that the money is waiting to be transferred. You go...

Have you done some market research to see what comparable homes with the same number of bedrooms, bathrooms, garage size etc. are renting for in the area? Your rent may be significantly below the market and you may be able to reduce your monthly outlay considerably with a rent increase. Check...

I heard from a realtor who has a client with a HELOC at BMO. Apparently BMO is bumping up the rates on his client`s existing HELOC.