QUOTE (greg12 @ Jul 8 2010, 11:12 AM) Not a Grande Prairie investor, but I wonder why Fort St. John and Dawson Creek just across the border seem to be doing ok. Their rents are steady with low vacancies despite the low gas prices. The mayor of Dawson creek also said at a BC REIN meeting that...

Hello fellow GP investors, Just thought I would start a thread to get others opinions and insight into the Grande Prairie real estate market. From my perspective, it has taken a real kicking over the past few years in both property values (down 10-30%) and rents (down 20-50%). Vacancy rates...

Hi Matthew, I can`t help but notice that this is about the 10th post regarding this condo. It appears as though it is causing stress in your life and my suggestion would be to unload this unit and cut your losses. As the experienced Calgary realtors have stated, there will be little to no...

What a ridiculous question! What is yours? QUOTE (lilbuffet @ Jun 27 2010, 02:12 PM) So I was browsing the forums and a question came to my mind. Out of pure curiosity, does anyone have a ball park figure of what Don Campbells estimated net worth is?? Could it be 1, 2, 5, 10, 20, 30 Million...

Hi Mark, Check out I watched the news last night and seen a report of a huge mortgage scam in Alberta. BMO is claiming to be out 30 million dollars from the scandle that appears to be quite sophisticated and widespread. The report claims charges are being laid against 300 people that includes...

TD bank on Wednesday revised its forecast for annual average house prices nationally next year, and is now calling for prices to fall from 2010 levels. TD Economics predicted in December that prices would rise 1.6 per cent next year from an average in 2010 of $349,000. It has changed that...

QUOTE (GordonDaniel @ Apr 27 2010, 12:56 PM) Hello All, I just spoke with a potential tenant buyer who asked if he could use his RRSP`s as an Option "deposit". If I understand correctly, you can use your RRSP`s as down payment for your personal residence and not be taxed on them, as long as...

QUOTE (llee @ Apr 27 2010, 04:05 PM) Hi, I live in Ontario. If I want to to lend out RRSP or non-RRSP to a borrower in another province (for example, Alberta) as a private deal, do I need to go through a mortgage broker? If so, does the mortgage broker have to be in Ontario, or can it be...

QUOTE (behardner @ Apr 26 2010, 11:18 AM) Hi Thomas sorry it took a couple days to reply. I have got some info for you regarding your questions the last week with the structure of Yorkton Group`s land investments. -No mortgage has to be serviced on the land, the land is payed in full and does...

QUOTE (creditinfocanada @ Apr 23 2010, 12:45 PM) In reply to Mr. Hoffmans statement I provide these comments: As per the message I stated being bias, I suggest this and for the members that use Credit Info Canada already they will understand that I am very straight forward in my opinion so...

QUOTE (ThomasBeyer @ Apr 22 2010, 11:32 PM) "Would I be eligible to take out 20K from my RRSPs and use them as part of the down payment? That money has set there for the last 10 years without making me a penny so if I could, I would like to put it to a better use?" yes, but you have to pay...

Unemployment in industrialized countries will likely remain high this year and next, and central banks should keep interest rates low, the International Monetary Fund said Wednesday. It also said governments should be prepared to spend on job creation. The IMF`s findings were based on its...

QUOTE (Sherilynn @ Apr 12 2010, 08:40 AM) Reasonably accessible money in RRSP`s is also proof of downpayment. We have used our RRSP mutual funds as proof of downpayment several times and have never cashed in any of them. The bank (or broker) just needs copies of current statements to proove...

20% down is the new rule for non-owner occupied investment properties, regardless of the lender, mortgage broker or bank.

QUOTE (Trizzy @ Apr 10 2010, 07:34 PM) These calculation do not include vacancies or property insurance. So what do you guys think about this property? Feasible in the long-term to stay profitable? Any opinion is appreciated. Thanks guys. When calculating net positive cashflow, you must...

QUOTE (VaughnandTwila @ Feb 20 2010, 12:31 PM) I just received my mortgage statements for my rental properties and the principal was reduced by a significant amount ($20K). I will have to pay personal tax on this amount and can not buy enough RRSP`s to offset it. How do investors handle this...

Thought I would bump this post...we are still looking for Qualified Tenant Buyers in Grande Prairie, AB as we would like to eventually EXIT this market. If you are a LTO expert and you think you can help, please contact me right away. I`ll make it worth your while!! PS. Up to 4 properties...

QUOTE (wgraham @ Apr 8 2010, 12:53 PM) Hi Monte, I wrote a blog post a while back entitled "How to lose $50k - In no particular order" Click here to read. It outlined some of the things I had learned over the years. I should probably go back and update it. Not all investments make money at...

We have made a number of good investment choices over the past number of years and made ourselves and our JV partners some good returns in real estate, but I`ll be the first to admit, we`ve personally made a bad one as well and entrusted another individual/company with our hard-earned money...

A couple of years ago we received a quote from a company called BATHFITTER to essentially recover the old tub, new hardware etc. It came to $3900, which I thought was ridiculously high. I can renovate and redo the whole bathroom for less than that.