... NOA supports his overtime income. We were told it requires two years of NOA to get his overtime considered. We are thinking about getting an investment house with savings in the following two years. Maybe outskirt area old houses with lot, as long as it can be rented out. Sth. around 500-700K. ...
Nov 8th, 2021 2:12 pm
Hey, curious if anyone know, having trouble finding a clear answer. My father passed back in May and everything else moved along as expected but his bank that he had his rrsp and other investments in seems to be dragging their feet on transfering the money. We've been in signed all the necessary pap...
Oct 27th, 2021 4:22 pm
Currently own our detached with substantial mortgage but we have enough saved to yolo a second property for investment now. We are relatively young with a baby so we’re not looking to manage a quadplex or anything complex. Thinking between downtown condo, or midtown condo, or ...
Oct 13th, 2021 11:53 pm
... should be in investing or real estate. Here goes. Does anyone have any insight on the feasibility of funding a renovation with a LOC secured by an investment portfolio (non-registered). We want to see if we can buy a house, reno it before selling our current house - if we can afford the mortgage ...
Oct 7th, 2021 4:37 pm
First-time investor here. I'm considering a property in Bancroft which is a new development. My intended purpose will be to rent or to sell with the hope that it will increase in value by the time it is built in a year or two. As this is my first time, I'm not too sure of the specific things i shoul...
Oct 7th, 2021 10:25 am
... I want to keep it as liquid as possible because I will need to use it but in the meantime if it means saving on interest(mortgage) or getting some investment return, I would like to do that as well. I'm worried a our HELOC options, because I've been trying to do a HELOC through TD, and it's been ...
Oct 5th, 2021 10:19 pm
Hi there, we have a chance to buy a parking spot at $100K for our pre condo unit downtown in King West before it closes in the next month or so. Currently in occupancy period and being held for investment.Is this purchase a good idea for investment purposes ?Thanks in advance.
Oct 5th, 2021 6:31 am
I am looking for some reading material on Canadian retirement/investment account types, especially with enough details on tax implications. Any recommendations?
Sep 28th, 2021 10:59 am
For those that can't access a HELOC or cheap enough PLOC for leveraged investing, one option you might be able to take advantage of is National Bank's LoC. Unlike other banks, the list of "professionals" for National Bank is much broader and larger with different, but all cheap rates for m...
Hi guys, I have a few questions in regards to RRSP withdrawals and wanted some advise before pulling the plug. I have an interesting mortgage situation with a B lender which is coming up for renewal in Jan 2013, the projected balance at that point will be somewhere around $197k, I'm looking to refin...
Sep 24th, 2021 1:05 am
Hello! Hoping someone here has experience and can provide a little clarification please. If I were to purchase a brand new home from a builder with the expressed intent of renting it out from the start, I see that I need to pay the HST up front. In a hypothetical scenario of a home being $900k from ...
Sep 22nd, 2021 10:04 am
Hi,I'm curious on how do people afford more than 1 investment property if you already have your primary residence.What if the big banks would not offer your a mortgage?Thanks for your input!
Sep 19th, 2021 9:02 am
I wanted to start a thread on what people's average return on investment (ROI) is across all of their investments (excluding real estate) over the past year . No need for details on what products, stocks, institutions...etc unless you wish to share. I'll ...
My wife and I are looking to move to the US for employment opportunities. The way to handle investment accounts, and tax considerations for transition time are a bit unclear to us at the moment. In particular we're looking to answers to the following questions: 1. RSP, ...
I just bought a house 2 months ago in Durham region. How soon can I purchase second investment property? I have some downpayment available to buy a second property, but does the bank want buyers to wait a year after first mortgage before willing to provide second ...
Sep 3rd, 2021 8:06 am
My mortgage renewal is coming up in a few months for my first rental property. I would be able to access approximately 225-250k in equity at renewal. I'm wondering what is the smartest use of that equity going forward? I do not plan on acquiring new buildings so I'm looking mostly at investing in th...
Hi Can any of you post your opinions or suggestions or any experience you have with Calgary detached house. Investment? I live in Toronto, and I have no one in Calgary to take care of. Property details: New build from Mattamy 2050 sft 36 ft lot for 560,000 including all upgrades ...
Aug 14th, 2021 11:17 am
... hefty tax bill when we sell the condo, other than buying RRSP, I'm exploring other strategies to offset the gain. Can I use borrowed money to buy investment (ETF, stock, etc) in non-reg accounts, don't realize any gain, but only loss. Can we carry forward the loss and the interest cost until we ...
Aug 6th, 2021 10:23 am
Question to the tax specialist and experienced investors: If I have an investment condo, as the only property I own, and I declare rental income and expenses every year. I live in another property that I am renting, can I designate my investment condo as my ...
Jul 27th, 2021 10:26 am
... my mortgage qualification (and am in millions in debt haha). The returns have been ridiculous, about 30%+ per year. I don't think there's a better investment class out there for regular joes than real estate. I've looked into buying stocks on margin, but I only see the possibility of 15%ish returns ...
Jul 14th, 2021 11:28 pm