QUOTE (RussellWestcott @ Feb 18 2010, 11:22 AM) For those of you following this thread you may want to check out this interview courtesy of Peter Kinch and CTV Click here I agree with Peter and it`s essentially what I have been telling people since the announcement.  The changes are all about...

QUOTE (ChrisDavies @ Feb 17 2010, 11:52 AM) I did hear that they're going to a 50% rental offset, which will have a real impact on qualifying. Wow, if this is the case it will severely impact the serial investor. 50% is completely unreasonable given the actual costs of managing a property.

QUOTE (wgraham @ Feb 16 2010, 10:40 AM) Wow! These are some relatively big changes! Now what does this mean for most investors. For starters, most investors want to put as little down as possible and this rule has just shut the door on that practice. Unfortunately, most investors don`t feel...

QUOTE (bizaro86 @ Feb 16 2010, 11:23 AM) Looks like I was off-base, or the quote was a bit misleading.[b] I found the backgrounder on the CMHC`s website: http://www.fin.gc.ca/n10/data/10-011_1-eng.asp So 5% down will only be available on property with at least one owner occupied suite. Michael...

QUOTE (gwasser @ Feb 16 2010, 08:28 AM) Here is the link to today`s globe and mail article outlining the new terms: http://www.theglobeandmail.com/report-on-b...article1469432/ I guess, RTO investors must love this. Alot less cumbersome than I thought it would be. True investors will ensure...

More tomorrow, but it sounds like they are targeting investors and reeling in the use of HELOCs.  Could be problematic for investors. http://www.cbc.ca/money/story/2010/02/15/f...gage-rules.html

QUOTE (jeffjas @ Feb 14 2010, 01:57 PM) IS THIS LEGAL?Yes, there is no CRA law saying you must use rental income to pay for rental expenses. You can use investment income however you want, I use mine to pay off my mortgage and let my line of credit pay the expenses. CAUTION: Although many...

QUOTE (Coopje @ Feb 13 2010, 10:10 PM) Thanks for the feedback. I`ve tried to get a line of credit but they won`t give me a non-secured line of credit. They always want to re-mortgage my house. Without enough equity, they won`t give me what I need. So, I`m not sure. But maybe I will try again. I...

QUOTE (lakeheadteacher @ Feb 12 2010, 03:10 PM) Good evening. My wife and I are both Canadian citizens who live and work oversees. We have good jobs that we love and decided to invest in a pre-construction condo in Toronto. We think that we did our homework and got a good deal at 300K. However...

QUOTE (PaulW @ Feb 12 2010, 11:57 AM) Hey Andy...this seems like a viable option although the math is still somewhat confusing to me. You`re technically using 1 credit instrument to pay off the other...I was always curious about the tax implications of "investment mortgages" as I believe you can...

QUOTE (AndyLuchies @ Feb 12 2010, 11:25 AM) Many investors are familiar with the Smith Maneuver, and I will outline it briefly below, but also, let`s combine that with a few other ideas that result in the best rental property cash flow strategy I`ve ever seen. (For some of you, this will be old...

QUOTE (kanabel @ Feb 11 2010, 10:48 PM) Tell us please about rent controls or other possible problems in the city. I`ve been eying Winnipeg for quite some time, and there`s been lots of mention about that city among REIN members recently. Thanks Dejan Areas to avoid completely - 4A, 4B, 5A, 5D...

What about if we start here: http://www.theglobeandmail.com/report-on-b...article1450088/ As an investor and consumer, I would be more than happy with some of the services cited in the article.

QUOTE (gwasser @ Feb 11 2010, 12:31 PM) First of all, I am not upset. I just showed you the numbers. I think you are completely correct in questioning commissions. I would. But I also showed you that for a full time realtor, these commissions are not that far out - they need to live too. A...

QUOTE (gwasser @ Feb 11 2010, 11:32 AM) Right now there are 4354, oops 4355 active listed residences in Calgary. Average list price: $509K. High end houses and new condos are though sales these days. Over the last 30 days, 1946 properties were conditionally sold or unconditionally. Average...

QUOTE (TheVancouverMarket @ Feb 11 2010, 10:06 AM) Someone gave me a wonderful analogy the other day regarding this issue: Imagined you owned a successful second hand car lot and you were in the business of selling cars. You would have significant fixed and variable costs to run your business...

QUOTE (RedlineBrett @ Feb 11 2010, 08:02 AM) But answer me this guys... what right do you have to access a system that realtors have spent decades paying into for development and upkeep and through their commitment turned it into the marketing medium for 90% of all land transfers? Why should you...

QUOTE (gwasser @ Feb 10 2010, 11:59 PM) Millions? Really? I know a couple of programmers that could set it up for alot less. My response, outside the quote tags.Wow, you should tell CREA that they paid too much. Does that include data entry? Site advertising? Realtor software that you never saw...

QUOTE (gwasser @ Feb 10 2010, 08:22 PM) I hear a lot of moaning and groaning about realtor commissions and the MLS monopoly, so I would like to point out some facts – as I see them in this three part posting series.About those darn realtor commissions: The complaints are that realtors are...

Ok, I`ll bite... QUOTE (gwasser @ Feb 10 2010, 07:36 PM) I hear a lot of moaning and groaning about realtor commissions and the MLS monopoly, so I would like to point out some facts – as I see them in this three part posting series. The Competition Bureau claims the MLS system has to...