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I'm leaving the country and need to rent out by place to pay the bills for 4 months. Is there a way to make such as tenancy easier to end or would be be the exact same non-sense as any other teanancy where i have to give them 60 days notice and pay 1 months compensation to force them to leave?
http://business.financialpost.com/real-estate/mortgages/new-mortgage-rules-sending-borrowers-down-the-credit-ladder-to-alt-lenders These borrowers are getting quotes from 5% - 9% if its alternative lenders and private market funds....and they want 25% down ...
Looking here:https://www1.toronto.ca/wps/portal/contentonly?vgnextoid=03e6a84c9f6e1410VgnVCM10000071d60f89RCRDI'm a bit confused by some of the rules, and how they're worded (must be the double negatives)..Particularly not sure about rules parking near an intersection?
... public transit service, just released a comprehensive guide on how to ride its vehicles in the form of a 50-page-long e-book called Unwritten Rules of Public Transit Etiquette Written Down. Packed with detailed illustrations and ultra-sarcastic "tips," the book is genuinely hilarious. You ...
I currently have a new mortgage which will be up for renewal in two years. At the time of refinancing will I be assessed by the bank at the new stress test rules? Or will I be grand fathered in?
Is it true that a rental has to be a min two unit ?? Can i not buy a condo and rent it out ??
mods delete post which are light hearted. and overreaction to some post and delete them.Why do mods think they can delete anything as against the RFD rules. The only rules I see is "I can delete whatever I want"
... 2 bed downstairs suite, ~2200 sq ft in the ~$575-625,000 range. In nicer neighbourhoods those are closer to $750-1,000,000. With the new mortgage rules coming into effect is it smart to hold off for awhile and see what the market is doing? I can't really imagine these rules drastically affecting ...
I have a lender that will be grandfathering their current pre-approvals under current qualifying rules even after January 1, 2018. So let's say you have a pre-approval now expiring April 1, 2018. As long as you apply for an approval (regardless of the actual closing date) ...
A step in the right direction.... https://www.theglobeandmail.com/report-on-business/court-rules-toronto-area-real-estate-agents-can-publish-price-details/article37166395/
Are the current mortgages approved before Jan 2018 subject to the new OSFI rules with 20% down or more?
... ridiculous how busy we've been." Last month, Canada's banking regulator, the Office of the Superintendent of Financial Institutions, unveiled new rules designed to mitigate risk for lenders. The regulations will require buyers with uninsured mortgages to prove they could still afford their monthly ...
http://www.cbc.ca/news/business/marketplace-long-term-loans-cars-1.4402394Please read the contract before you sign it guys.
Some are predicting there may be a rush to buy in Nov & Dec, which are typically the slower months.New stress test rules may reduce buying power by about 20% for those putting more than 20% down.https://www.youtube.com/watch?v=jONwUcJX4HQ
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