I'm a single professional living by myself in my own condo (my primary residence) in Toronto and I have a modest paying job with my earning coming in around 98k. I have committed to purchase another property in the suburbs but that would be an investment property. To save on taxes (land transfer tax...
Mar 28th, 2019 12:58 pm
Hi I have a condo I bought as an investment. I qualified for and got the 'GST/HST New Residential Rental Rebate' as I rented out the unit on a 1 year lease which began within 1 year of my closing date. The 1 year lease is scheduled to end November 30, 2016. My tenant has asked if they can break the ...
May 17th, 2016 10:44 am
I am in the midst of buying property on sale. As we all know that there are bidding wars and sometimes 2 property in same complex up for sale and with same offer acceptance deadline. I checked with my realtor and he said no as he said he might lose the license if we did go through this approach. Can...
Apr 20th, 2016 2:58 pm
Hi Everyone, I need some clarification about a loan on a piece of commercial property. Is there anyone here that works with this sort of thing? I need to be sure that I understand what is being said and its implications. t is a 10 year note with a 25 year amort. 13,000,000 is the balance Interest on...
A friend whose familiar with construction and I were thinking about buying an older house fixing it up and selling it. would it be worth the investment lets say 50,000 down payment take about 6 month to renovate depending on what needs to be fixed. What are some things to cosnider when doing this? P...
Mar 12th, 2016 11:35 am
I'm looking to buy a house for first time, in Sudbury, ON. One of the listings I liked seems some work is needed. But my agent told me it is owned by bank, so there will be no disclosure and purchase will be as is. I'm new into this with not much understanding. Here are my questions: 1. I'll do stan...
Sep 27th, 2015 10:44 pm
I'm looking to buy a house for first time, in Sudbury, ON. One of the listings I liked seems some work is needed. But my agent told me it is owned by bank, so there will be no disclosure and purchase will be as is. I'm new into this with not much understanding. Here are my questions: 1. I'll do stan...
Sep 26th, 2015 10:12 pm
Hello, :cheesygri :cheesygri :cheesygri :cheesygri :cheesygri :cheesygri : I am a first time home buyer and need all your experts opinion in choosing some upgrades to my new home (currently under construction Nr Alliston, ON). I would appreciate if you can help me out in making some wise choices whi...
Sep 21st, 2015 3:42 pm
Planning to buy a new home from builder, could you advise on the following concerns we have with lot/home we are considering , 1) it's a house with sidewalk - during vacation in winter,are the home owners responsible for shovelling snow on sidewalk? Or should I completely avoid homes with sidewalk ?...
Jun 14th, 2015 6:05 am
http://www.forbes.com/sites/eamonnfingleton/2014/02/02/in-worlds-best-run-economy-home-prices-just-keep-falling-because-thats-what-home-prices-are-supposed-to-do/2/ TLDR: A fundamental principle of German economics is to keep housing costs stable and affordable. German house prices in 2012 represen...
Jun 5th, 2015 9:31 am
Hi, I am thinking of buying my first home in Canada and am looking at my options. My budget is around 500k to 600k. We are four people including my wife and daughters who are under 2 yrs. So, I am confused whether to get an old home/new Town house in a desirable location e.g. near John Fraser school...
Jun 2nd, 2015 10:37 am
Hi all, This is my first post on this forum, so hope it all goes well. I am looking into buying a condo with the sole intention of earning rental income, but this will be my first income property, so I was wondering if anyone had any insight as to things I should consider. I think the condo market i...
May 16th, 2015 9:56 pm
First time RE investor (not really ;) ), pls help. My situation: I bought a new development townhouse in my area. I intended to downsize and move in, but plans had changed. So I will need to sell. Here I see different scenarios, hope someone can discuss all cons and pros and help me to make the righ...
May 4th, 2015 10:38 am
I just made an offer to purchase a condo unit from someone. We are supposed to move in on June 1. I'm wondering what happens if the owner's current tenant doesn't move out on June 1? what can I do? How long will it take me to kick them out?
Mar 31st, 2015 2:34 pm
Hello: Our house is in the Ottawa market but, I am sure anyone across Canada has asked themselves why they should pay 5% commission equating to thousands of dollars when selling there home? So what options / advice do Redflagger's have for alternatives to traditional listings. Here's what we are con...
Feb 26th, 2015 7:10 pm
Hey Everyone, Does anyone on RFD live in the 18 Yonge Street Condos? I'm looking buy a 1 bedroom condo here and am looking for honest reviews from owners/renters in building. Any details on your experience with management, amenities, occupants, builder and/or issues with the building - please let me...
Feb 22nd, 2015 8:39 pm
I live in Burlington, close to Appleby Go, in a free hold townhome (close to 20 year old, 3+1 bed, 3 bath, finished basement). My mortgage is very affordable and I can pay the house off in next 5 years if I want to, But now I am also wondering whether I should get a larger detached in Burlington or ...
Dec 22nd, 2014 2:09 am
I'm writing this post because I can't find any site or forum where you can chat with others with regards to real estate agents. I recently had a few dealings with what can only be described as the worst real estate agent in this country. His name is Daniel Sobik, he is affiliated with iProRealty out...
Nov 16th, 2014 10:36 pm
Anyone ever buy "home staging services"? What did you get? :eek:
Aug 28th, 2014 12:09 am
Hi All, I am just about to list my house and I am wondering how important are listing agents? There are so many that offer 1% and some 1% with perks. ( 1% to seller and 2.5% to buying agent ) What can I expect with agents that charge 1%; will they have professional photography + a multimedia site + ...
Jul 16th, 2014 12:00 pm