Thank you so much for bringing this up! I was originally looking at this area as the bungalows and apartments are very cheap comparing to other parts of the town. Then I spoke to Murray from Realtycorp. He also suggested NOT to touch that area. Even though the zone is going through...

Another note, if you are using a big-five bank account (they usually charge you a monthly fee), and if you have more than sufficient balance to waive monthly acount fees, then you can set up accounts like HSBC High-Interest Savings account or ING Direct savings account. Those accounts are set...

It depends on the type of account you have. Most banks charge you a fee if you don`t have certain balance in the account. So keeping the reserve fund in the account might offset the monthly fee of, say $4-6/month? No hassle. No worry instant savings. On the other hand, if you have no-fee...

QUOTE (DaveToynbee @ Jun 25 2008, 09:14 PM) In my case, both the sellers were selling owner occuppied townhouses...so you could count out capital gains deferals in the pitch. I always thought that owner occupied property can be exempted from capital gain tax. I recently sold a family townhouse...

I do find that, geographically, cities that are close to water or surrounded by mountains and lakes do much better in terms of real estate value. For example, Vancouver downtown is extremely expensive compared to other parts of Canada partly because of it`s unique location (same as Hong Kong...

I can`t attend the hearing, but I have already submitted the survey to let them know how I feel about secondary suites.

I am a new member of REIN right after Calgary Quickstart. I really really enjoyed Don`s strategies and approach to long-term real estate investment. What I like the best is the fundamentalsand pro-active landlord. I am new at real estate investing, so having the fundamentals really help me...

You are welcome. Another tip is that when posting on Craigslist, try posting under different cities. Think about the retirement people. Where are they coming from to settle in Victoria? List under all the cities you can think about. (lots of seniors come from Alberta to retire in BC) Even...

I live in Richmond, BC. We just currently sold our family townhouse (duplex style) in Richmond. We sold for a nice price at $608,000. Our first open house had over 15 parties. And got 2 offers in the next 2 days. Couldnt` be happier. This market is way too crazy because of the new asian...