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Pilot project on licensing rental properties, may get to GTA sooner or later
https://windsor.ctvnews.ca/city-launches-new-residential-rental-licensing-pilot-study-1.6273557 I think it's a step in the right direction by eliminating some of the worst slumlords. Not sure how they will handle all the illegal basements in GTA not complying with fire code, if it happens here. Ther...
- rfduser123
- Feb 17th, 2023 11:05 am
- Forum: Real Estate
- Real Estate
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Feb 17th, 2023 11:05 am
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Looking for Real Estate Agent in Ottawa area for properties showings
I'm looking for Real Estate Agent in Ottawa area to book and show the properties in Ottawa are.$100 per showing up to 30 min.
- sharik
- Feb 13th, 2023 1:54 pm
- Forum: Real Estate
- Real Estate
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Feb 13th, 2023 1:54 pm
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Increasing variable rate mortgage payments on rental properties
... I hope I am posting this in the right forum. Question for you real estate gurus! I will keep this as simple as I can. I currently have two rental properties. Both of which were originally at 1.5% interest rate. As the BOC has increased prime, which in turn has increased our variable mortgage rate, ...
- pters11
- Feb 8th, 2023 2:06 pm
- Forum: Real Estate
- Real Estate
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Feb 8th, 2023 2:06 pm
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Residential real estate investors and investment properties in 2020
... of investors among owners varied from 20.2% in Ontario to 31.5% in Nova Scotia. Among houses and condominium apartments, just under one in five properties was used as an investment in British Columbia, Manitoba, Ontario, New Brunswick and Nova Scotia combined. Condominium apartments were used ...
- senasena
- Feb 7th, 2023 9:16 am
- Forum: Real Estate
- Real Estate
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Feb 7th, 2023 9:16 am
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How to search for properties with attached water bodies?
Hi, how to search for properties that have a water body frontage? and which online service providers do you use to do this?Inputting lakefront in filter keywords does not always work.
- snowhite445
- Feb 1st, 2023 12:47 pm
- Forum: Real Estate
- Real Estate
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Feb 1st, 2023 12:47 pm
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Rental properties income and spouse
Currently my spouse and I own 3 rental properties. They are smaller and while they don't generate a lot of income, they help out with monthly bills and are very low maintenance. My wife doesn't work and she manages the properties. All 3 were ...
- Ctebah84
- Jan 26th, 2023 1:58 pm
- Forum: Personal Finance
- Personal Finance
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Jan 26th, 2023 1:58 pm
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[American Express] Spend at least $500 at Marriott Properties and earn a $100 credit.
Spend at least $500 in qualifying purchases using your registered Card directly at participating Marriott Bonvoy™ properties in Canada or at www.marriott.com by 31/12/2022 and earn a one-time $100 statement credit. Registration cap applies. Terms apply. Check your offers. This one ...
- unicornsprinkles
- Nov 7th, 2022 3:09 am
- Forum: Expired Hot Deals
- Expired Hot Deals
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Nov 7th, 2022 3:09 am
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owning two properties
Wondering if anyone can confirm how this works If you own 2 properties, one is primary, and the other investment (cottage, rental,etc). After a year or two, you sell the primary and move into the investment property, and then make it your primary, and ...
- Engi-Nir
- Oct 31st, 2022 2:25 pm
- Forum: Real Estate
- Real Estate
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Oct 31st, 2022 2:25 pm
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Are there any cashflow properties at 20% down in GTA?
I’ve been looking at house sigma and realtor app for a few months around GTA and I can’t seem to find any properties that might be cashflow positive at 20% downWhat % do you guys downpay nowadays to find cash flow positive properties?Or am I not searching properly
- DirtPoor
- Oct 11th, 2022 8:36 am
- Forum: Real Estate
- Real Estate
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Oct 11th, 2022 8:36 am
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Consolidating mortgage of 2 properties
Hello! We have 2 properties, one is our home and the other is a rental unit, each with their separate mortgage as we purchased them at different time. Our rental unit was purchased a while ago and have appreciated in property value. ...
- wikkid_bigshot
- Oct 4th, 2022 11:04 pm
- Forum: Real Estate
- Real Estate
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Oct 4th, 2022 11:04 pm
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[Ontario] Thoughts on cottage / airBnB properties amid the current escalating interest rate and real estate backdrop
Will properties in good locations near ski resorts and other amenities do okay? I'm talking about getting into these kinds of properties (say $500-600K , which is a fairly big amount of mortgage to take) just now or a few months ...
- alanbrenton
- Sep 27th, 2022 8:42 pm
- Forum: Real Estate
- Real Estate
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Sep 27th, 2022 8:42 pm
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[Ontario] How to structure this? Rental properties held in a corporation
A friend (and I) want to know what would be the best entity to house rental properties in and googling, gets me to this page. How much is the cost to have an accountant/lawyer structure such company? Is it really that straightforward to be able to claim the small ...
- alanbrenton
- Sep 16th, 2022 8:50 pm
- Forum: Real Estate
- Real Estate
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Sep 16th, 2022 8:50 pm
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Incorporation buying properties to run small business, Holding company vs. personal
We have 2 operating companies which run health related business, Average profit is 400-500K yearly (new companies). We are planning to buy properties to run our business, is it better for us to buy properties under an holding company and rent it out to operating company or better to buy under ...
- Blessed.
- Sep 8th, 2022 10:22 am
- Forum: Personal Finance
- Personal Finance
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Sep 8th, 2022 10:22 am
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Account Unknown showing up in C Drive Properties
I've noticed that an unknown account is showing up in permissions for my C Drive. I've tried removing it, but it returns on restart. I'm on Windows 11 Build 22622.290. Should I be worried? I'm not sure if it matters, but I transitioned from a Beta to a Stable build.
- formalentity
- Jul 12th, 2022 8:03 pm
- Forum: Computers & Electronics
- Computers & Electronics
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Jul 12th, 2022 8:03 pm
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How many properties do you need to be professional RE investor?
How many properties do you need to purchase before bank sees you as professional real estate investor and make it easier to get mortgage ?I heard 4 and above ?
- DirtPoor
- Apr 2nd, 2022 9:08 am
- Forum: Real Estate
- Real Estate
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Apr 2nd, 2022 9:08 am
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Investors with more than one income properties , what is the Aggregated Leverage Ratio of your portfolio?
Aggregated Leverage Ratio = Total Outstanding Debt / Total Fair Market value of all Investment PropertiesTotal Outstanding Debt include any funds that you need to pay back such as mortgage, HELOC, refinance, private loans, family loans.
- rfduser123
- Mar 26th, 2022 4:50 pm
- Forum: Real Estate
- Real Estate
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Mar 26th, 2022 4:50 pm
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35% minimum downpayment on rental properties as per CMHC?
... investors to buy? and restricting sources of fund? https://financialpost.com/real-estate/mortgages/cmhc-to-review-down-payments-on-investment-properties-as-part-of-federal-strategy-to-tackle-housing-risks
- masarwar
- Jan 14th, 2022 12:27 pm
- Forum: Real Estate
- Real Estate
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Jan 14th, 2022 12:27 pm
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Talks of New 1% federal tax on 1M+ sold properties
I’m hearing quite a few discussions and articles popping up on a new federal annual tax for >1M sold properties. Looks like it’s just preliminary, phased depending on sold price and only payable when the property is sold however could dent 2.5M+ properties. What impact would ...
- intersky
- Jan 10th, 2022 1:50 pm
- Forum: Real Estate
- Real Estate
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Jan 10th, 2022 1:50 pm
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Bad news from across the pond - Owners of multiple properties have ‘no choice but to sell’ because of Welsh Gov
https://nation.cymru/news/owners-of-multiple-properties-have-no-choice-but-to-sell-because-of-welsh-gov-landlord-complains/Admittedly I only read the headline and not the article because I can’t read. But hopefully this doesn’t take off in other places or in Canada.
- lolbeast
- Dec 15th, 2021 8:04 pm
- Forum: Real Estate
- Real Estate
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Dec 15th, 2021 8:04 pm
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Bank mortgage calculation on Rental (Investment) properties
Hello, I understand they do stress test with higher interest rate for buying a house. Does it apply to buy investment house also ? SAme way the amount of mortgage on buyers is under 5 times of their salary. would they apply the same rule for buying an investment property. or the calculations are dif...
- jay_jay
- Aug 25th, 2021 10:00 am
- Forum: Real Estate
- Real Estate
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Aug 25th, 2021 10:00 am