Hello Fellow REINERS, What are your thoughts on Orillia from a CF and appreciation perspective? Is anyone currently investing there? What kind of tenant profiles do you get there?

Thanks Thomas.

Thank you all for your responses. Very very helpful!

Do you really believe that a foreign buyers tax will "correct". the market? Maybe it will slow down the growth, but to say market will decrease 10%. Currently there are like 1000 ppl ready to buy 100 homes, let's say out of 1000 there are 100 foreign investors, there are still 900 who are...

I had been in the market for a new home since 2010 and this actually started back in 2009/2010.... and it just kept getting worse and worse. Thank God we took the plunge and finally bought in 2012. If govts don't get involved this would continue for no one knows maybe until interest rates go...

Hi All, My sis wants to buy a house which is closing In July 2017 through an assignment sale. What is the process? What should she look out for? What should she pay for? How can she protect herself? This would be in the red hot market of Toronto

Thanks for replying. We have decided Togo with vented good.

That's awesome to know! Thanks for sharing your findings. But we have decided to go through the extra work in getting a vented good.

Thank you for sharing, Brad. I hope to get there soon! Prices in and around GtA have gone through the sky! Even outside of GTA, it is difficult to find cashflow or even breakeven properties. ks y

Thanks for your reply, Sherilynn. So glad you responded. I also wanted to ask you whether it would be wise to make a bedroom in the basement also. We were thinking of keeping it a open/studio type space as we just wanted a single person. But based on your experience with basement tenants...

Thanks for your reply. What is the reason for Hamilton Mountain being better?

Thanks. all points noted Thomas It's at least 15 mins drive from our home so hopefully that keeps it clear of noises etc.

Thanks for your input. That is true! It is getting out of hand. People are running to buy new homes EVERYWHERE. We bought a new home just 6 months ago and we have already seen close to 40-50% appreciation on that development (but that's for a principal residence). So now while we...

I would honestly love to learn about renting to students but not for this property. This property is our principal residence and it is quite upgraded and we would like to keep it that way - eventually we will be moving out of it and keeping it as an executive rental when we move. Can you...

And no we do not want a student at all.

My target tenant is a professional (preferably single person). Our basement is super nice compared to what we have seen in our area. We think for a single person it would rent for 800-900 easily. $1000 if it's a 1 bedroom. I do also think that for long term a full range would be best.

Okay. Thank you. Do you also think that tenants look for a full range? Or we can get by with a cooktop?

Is that a bad thing? We had two different electricians recommend it and they both quoted the same. Both were certified

Hi Dan, Since you have a lot of experience in London. What are your thoughts on the following project from a cash flow perspective? It's 5 mins drive to the camps. http://files.constantcontact.com/af94d356601/b605ee70-91e9-4753-9cc1-761a1a18fe64.pdf I had hoped to get in on a Stoney Creek...

Currently we are in the process of converting our basement to a rentable suite. Few questions: 1. The electrician is recommending us to up our electrical panel to 200 amps. It will cost $2k. If we don't, there is a risk of tripping if the upstairs tenants and basements tenants are using...