I've come across a mortgage broker who has qualified leads (even by my standards) and complete docs ready to go for a couple of buyers in the Fredericton, NB area. Unfortunately this is one area I don't have any referral partners in, so if anyone is interested in helping this broker fund...

One of my friends at TD is helping to organize a Self-Directed RSP Seminar at TD Canada Trust. I know a lot of REIN members are curious about this topic, especially now that 20% down payments are required on investment properties. The event will be held March 22nd from 6-7pm at the 991 Pape Ave...

Which province are you in? The rules vary by jurisdiction. I had this experience about 2 weeks ago. Here in Ontario, the RTA does not allow you to enforce a no pet clause, so if the tenant wants to get a pet (or 2, or 3, or 4) you can't stop them. Unfortunately it is also illegal to collect a...

Here is a link to the Department of Finance explanation of the changes: Backgrounder: Supporting the long-term stability of Canada`s housing market Does anyone know if third party insurers such as Genworth will still insure HELOCs?

Before I bought my first rental property I was worried about a lot of different what-if scenarios and I was concerned with several of the risks Thomas mentons. Most of my fear related back to losing money. The two things that helped me to move forward were being surrounded by people who were...

I'd second Erwin's thought to get in touch with Kevin Boughen. I've been very pleased working with him and he can help you understand everything you need to build a portfolio.

QUOTE (RArora @ Dec 14 2010, 01:50 PM) What can we as landlords do to change things? ON is especially worse for landlords and the losses we suffer because of non-paying, disrespectful tenants is paralyzing. US people laugh when we tell them we are not allowed to take damage deposits. Hi...

Another of the primary reasons to incorporate is to keep your Quick Turn business separate from your buy and hold business. With Quick Turn you`ll be buying and selling houses so which is classified as "active" income By keeping your two businesses separate you avoid jeopardizing the more...

I have a great Realtor who will just pull comps for your Quickturn leads in the Greater Toronto Area at $25 each. This is a good way to get comps without damaging your relationship with your existing Realtor. If you would like contact info just let me know.

QUOTE (willy @ Dec 9 2009, 05:56 PM) Sounds like a brilliant idea to me. I`d also agree. My family has been embracing this idea for a few years now. The cold hard cash gets rid of the lost utility when you buy something the recipient doesn`t really want. As an added bonus, cash goes twice as...

It affects both (and condo fees). HST will be charged on purchase price of new homes, although there is a rebate up to a certain dollar value which was recently bumped up. HST will also result in higher closing costs for re-sale homes as well since there is now an additional tax on the...

QUOTE (investmart @ Jul 10 2008, 05:43 AM) Wei, Where I live, a condo close to Bloor and Yonge in Toronto, you can only charge $100 a month for a parking space for some reason . Find out how much you can rent it for in your building and I recommend NOT purchasing it if you can not charge more...