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  1. K

    Seeking Agent or Brokerage to aid in Multi Family Purchase In Alberta

    Chris! I'm in the same boat, hopefully we could meet up today at the ACRE.
  2. K

    Mortgages between chartered banks and brokers:

    I wasn't referring to the TDS. What I meant was the total allowable for that spectacular bank. Thanks,
  3. K

    Mortgages between chartered banks and brokers:

    Hi, If I already have mortgage(s) at the X bank and then go with a broker for my next mortgage and it happened that the lender is the same bank, would they combine that to their cap exposure or they are two separate channels? Thanks,
  4. K

    Calgary and Edmonton?

    Thank you all for all the great tips. I will be at the Edmonton ACRE maybe Friday and Saturday. Hope to see some of you there.
  5. K

    Calgary and Edmonton?

    Hi, Is it time to look into Calgary or Edmonton yet? and where? Which segment is good in these market? detached/townhouse/condos...? Thanks,
  6. K

    Is Chilliwack still good place to invest?

    Hi everyone, Look like Chilliwack/Sardis price had shot up quite a bit in the last couple years. Is it still a good place to invest? I live in Alberta and had checked it out last month, I prefer the Sardis area. If my budget is $400k-500k, what would be the good segment and what's the cap rate...
  7. K

    Holding property personally or through a corporation?

    I see your point Thomas. If I understand you right,use the CCA and fees/expenses to offset most of the income, then dividend it out in the future. Then there will be higher capital gain due to recapture but only 50% taxable in my corp, so I'm still better off?
  8. K

    HELOC to new house

    Yes you could commute your pension to a LIRA and then start withdrawing a the age of 55 by most provinces, 50 for Alberta. Most LIRA jurisdiction allow you to unlock the LIRA if you became non-resident and no longer subject to Canadian tax and usually it would take 2 years, you then would have...
  9. K

    Holding property personally or through a corporation?

    Hi guys, I'm new to the forum and this article came up when I searched for the topic. My wife and I currently own 4 rental and we're in the process of buying 5th one. I start thinking to incorporate since we plan to expand. However, when I talked to an accountant, he said that rentals income...
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