Trending Real Estate Discussion Tags

for

RFD Landlords, For those of you who have a commercial bank account for your properties, who do you bank with and what is the monthly cost? I've always used personal accounts so far (free) but as we scale, I think we need to start going down this route. While there are plenty of online comparisons an...

the

The advantages seem to outweigh the disadvantages especially in a healthy relationship. Boys will be boys. Bears will be bears? 🐻 http://business.financialpost.com/real-estate/multigenerational-living-may-be-the-new-old-solution-to-sky-high-housing-prices Multigenerational households, the ones where...

to

The advantages seem to outweigh the disadvantages especially in a healthy relationship. Boys will be boys. Bears will be bears? 🐻 http://business.financialpost.com/real-estate/multigenerational-living-may-be-the-new-old-solution-to-sky-high-housing-prices Multigenerational households, the ones where...

and

Hello, Was hoping to get some insight/help on this. Bought a house (new build, townhome, but it is not freehold there is a maintenance cost that covers (roof, snow removal, greenery/shrubs/trees, common areas, garbage) and will be taking possession in 2-3 months. I tried to call Tarion to get inform...

condo

... near you. Blocking your view, your sanity. But heck, it will be only 2 years or so and it will be done...right/ Here are you options: 1) Sit back an enjoy the sound of 100 jack hammers every day. And watch your pristine view disappear along with your mind. 2) Sell. Sure they won't ...

in

What period of time does a house have to be vacant to set a new rental rate? Situation: House is currently being rented out at cost to a family member (not a parent or sibling). When that family member leaves, is the owner allowed to set a new rental rate that would be more in-line with current rent...

house

... don't have real data and for demonstration purposes only ) I've been hearing that average house prices has been down YoY. Let say for example in 2017 the average house price is 850K and in 2018, that number is down to 750K But no on is mentioning that in 2017 50 condos were sold at 400K 100 town ...

on

Hey RFD, I was just wondering if anyone knew a place that had strata council positions that need to be filled? When I was living in Alberta, my strata council had positions for non-residents. I was on the council and I enjoyed being on the council and I enjoyed finding ways to help the strata and I ...

mortgage

... only. This is our principal residence. I know I could get a lower interest rate by going into a variable rate mortgage (probably as good as P-1.24% based on the mortgage rates thread), but I'm wondering if I should? The benefits would be: I'm paying down the loan (but that's also a con, particularly ...

home

... and I would like to know if it would be advantageous to purchase retirement home now ? Here are some of the reasons I think it may be a good idea. 1) Getting into the market now rather than at retirement would theoretically save $$ (although would have to pay interest on 2nd mortgage or HELOC) ...

real estate

My family friend received an $38,000 invoice for sales commissions from their real estate broker this week. The problem? The real estate broker sold a $849,000 property for them on January 26. The expected closing around August 2018. Full details: - Family friend listed property---pre-construction c...

rental

For businesses, the CRA will frown on loses on consecutive years. Or will the loss be a form of tax deduction / income write-off?

what

I remember seeing in the forums something regarding a cheap method for a real estate lawyer. I am not sure if that applied only to renewals/refinancing or if it includes purchases as well. Cost was around $800 I beleive at the time. Any recommendation for a real estate lawyer. House is being bought ...

toronto

My girlfriend and I are looking to rent a newer house in Toronto but am not sure where. I was hoping we might be able to get some advice? -We both work from home. -Would prefer a newer home. -West end would be preferable -No kids. -Suburbs and close proximity to parks/greenery would be nice -Budget:...

how

Parents got a place coming up, visited the place, it is scheduled for the occupancy phase in November. Does this look like they can complete it by this November ? Thanks,

buying

I'm planning to buy a presale condo next month, but my spouse will be overseas at that point. She's willing to buy this presale condo jointly, but I was just wondering if the developer would be fine with me scanning the document and have her email me back the signed copy of the contract? Is it possi...

question

Hey Everyone, Question on HELOC and trying to plan on my next steps for my closing. Purchased a house, and have the 20% down. I have an additional 150-175k I'm keeping for renovations as well. I'm going to crunch the #s however if I decide to put down 25% instead to get a HELOC, as I pay down the mo...

new

The advantages seem to outweigh the disadvantages especially in a healthy relationship. Boys will be boys. Bears will be bears? 🐻 http://business.financialpost.com/real-estate/multigenerational-living-may-be-the-new-old-solution-to-sky-high-housing-prices Multigenerational households, the ones where...

property

Back in 2016 i was gifted my mom's small condo after she left Canada. when we did the title transfer the lawyer listed $1 as the value as it was a gift from my mother. This was my principal residence sine then but now I plan on ...

from

Parents got a place coming up, visited the place, it is scheduled for the occupancy phase in November. Does this look like they can complete it by this November ? Thanks,

you

We see a lot of different posters with varying convictions. Over the years, I sense the composition of bears vs bulls is changing. It's interesting to do a mood check every once in a while to see where everyone stands. Poll will close in 1 week.

rent

What period of time does a house have to be vacant to set a new rental rate? Situation: House is currently being rented out at cost to a family member (not a parent or sibling). When that family member leaves, is the owner allowed to set a new rental rate that would be more in-line with current rent...

tax

... are also beginning to lose money, according to a new report from CIBC and Urbanation. The report found that nearly half of condos delivered in 2017 (48%) were acquired by investors. And of those, 44% have negative cash flow, meaning rental income isn’t covering the cost of ownership, such as ...

can

If a tenant requests her bank to reverse rent transactions what can a landlord do to recover their lost money other than holding her damage deposit? The tenant has not provided a forwarding address and states that she wants to take the dispute to the Tenancy Board.

gta

... don't have real data and for demonstration purposes only ) I've been hearing that average house prices has been down YoY. Let say for example in 2017 the average house price is 850K and in 2018, that number is down to 750K But no on is mentioning that in 2017 50 condos were sold at 400K 100 town ...

market

... watchers see signs sales in the Greater Toronto Area are starting to take off after a year of volatility following the introduction on Apr. 20, 2017, of Ontario’s Fair Housing Plan. Last week, listings in many parts of the city spiked as soon as the Easter holiday weekend wrapped up. Increasingly, ...

heloc

... only. This is our principal residence. I know I could get a lower interest rate by going into a variable rate mortgage (probably as good as P-1.24% based on the mortgage rates thread), but I'm wondering if I should? The benefits would be: I'm paying down the loan (but that's also a con, particularly ...

sell

Hi Everyone, I have requested a pre-approval. I will not have financing approved uneless I sell my home first and show documents of the close of the sale. In this situation, would a mortgage broker be able to get me a larger loan? Or am I stuck selling first? I hoped to have the close date after I m...

price

... don't have real data and for demonstration purposes only ) I've been hearing that average house prices has been down YoY. Let say for example in 2017 the average house price is 850K and in 2018, that number is down to 750K But no on is mentioning that in 2017 50 condos were sold at 400K 100 town ...

not

Hi Everyone, I have requested a pre-approval. I will not have financing approved uneless I sell my home first and show documents of the close of the sale. In this situation, would a mortgage broker be able to get me a larger loan? Or am I stuck selling first? I hoped to have the close date after I m...