If I have an existing $160,000 mortgage on a property and I sell that proeprty and turn around to buy anew $160,000 proeprty, and assuming I have a portable mortgage - can I port that mortgage without having to re-qualify, or do I have to go through the re-qualification process?

Hi everyone, A few quick questions... I am considering selling my revenue property (30 yr. old SFD) just outside of Edmonton next spring to take advantage of what is generally an annual upswing in activity and prices. First, the house is currently rented with tenants who signed a new 1-yr...

I live in BC but my rental property is in Alberta. I have been using RBC for the past 2.5 years but not entirely satified. Anyone have suggestions on who to use given my situation (not all insurers can insure outside of their province of operation - ie my vehiclke is insured through BCAA but...

Yet another question from the novice.... The mortgage on my rental property is up for renewal in September, 2010 (17 months from now). It is a 5-year fixed at 4.4% with 18 years remaining on amortization. I understand that I will not need to re-qualify in order to renew this mortgage, that RBC...

Hello, currently renting out my 3+1 bedroom updated bungalow with fenced yard and double garage in Fort Saskatchewan, rent has been stable for nearly 2 years at $1700/month + utilities. Current lease expires at the end of June. My property management company advises that the current tenants...

2 quick questions about cashflow..... 1. Should I be including mortgage principle in my calculation to determine if a property will cash-flow, or do I include only expenses such as mortgage interest, property tax, property management, income tax and maintenance. 2. Along the same lines, if I...

Hi everyone, Just wondering from those of you with properties in the Edmonton area, and more specifically in and around Fort Saskatchewan, what is the rental market like these days? I own an updated 30 year old bungalow in Fort Saskatchewan, and I have a PM company looking after it for me...

1. What are the rules? 2. Do they have to be given notice? 3. Is it harder to sell a house that has tenants in it? Thanks.

Okay... here are the details: I own a nicely updated (laminate floors, tile, new paint, trim, appliances, etc.) 1100 ft2 bungalow built in 1975 in Fort Saskatchewan. Large lot (62x110), double detached garage, finished basement, etc. New roof, hot water tank. My wife and I lived in the house...