There should not be any hassle for the buyers at all. If you dont obtain the certificate prior to closing, the buyers lawyer will withhold 25% of the purchase price in their Trust account until you get the certificate. The property should still close on time. Cheers, James QUOTE (Nicola @...

Canada Revenue Agency will use GAAR (General Anti Avoidance Rules) to attack ANY deal where they feel people have "abused" the system to avoid paying taxes. When someone makes a $100 donation and gets a $1000 tax credit, (for example) it makes Revenue Canada upset. They have no problem with you...

QUOTE (mortgageman @ Mar 27 2010, 02:08 AM) Agreed! I bet we get a .25 increase in July because there`s so much pressure on Mark Carney because of his deadline. Then maybe another .25 in the fall. Then that`s it for say six months or more as they sit back and see what the impact has been. My...

QUOTE (housingrental @ Mar 23 2010, 11:13 AM) I do in 2-3 years I think a lot of it will rely on how fast the U.S. economy bounces back. If we raise our interest rates, the Canadian dollar will become more powerful than the us dollar. (Sounds great for x boarder shopping, but would be terrible...

QUOTE (Cargren @ Mar 23 2010, 02:57 PM) While I dislike paying the big fee when I`m selling (just like most), I agree with Brett. Most buyers would want to work through an agent, but if every seller, or even most, out there decides to list their home for the flat fee who will pay the buyers...

QUOTE (aiden1983 @ Mar 23 2010, 01:49 PM) I would love to be able to see all of the information that the Realtors have access too, as I believe I would be more proactive in research then any Realtor who would help me find a house. Realtors have access to DOM, past sales prices, lot description...

QUOTE (BenSanderson @ Feb 18 2010, 05:54 AM) Again, thank you both! I`ll approach the subject with my Realtor and see what he says. I suspect he won`t mind, as I`ve always been honest with him and try to make things win/win whenever possible. In the end, this IS my business and I`m sure he will...

QUOTE (miskog @ Feb 17 2010, 04:04 PM) I have a property which i am selling for 1.2 million. i have a full offer which is neting me a great profit of 400K. however the offer is in the value of 4 homes. They are worth 345K now it is said that in six months they would be worth about $400K if the...

QUOTE (Pump @ Feb 16 2010, 10:28 AM) how are you getting under 20% down rental properties? You can do this quite easily and legaly. Contact Jas Grewal at The mortgage center. 416-410-9905

QUOTE (luckyluciano @ Feb 16 2010, 08:47 AM) I hate to tell you but you should count on your assets going down when interest rates RISE. In my experience this is how it works. Interest rates go down-prices go up (liquidity). Interest rates go up-(tightening). Prices go down. A lot of people...

QUOTE (fumbrunner @ Feb 15 2010, 10:30 PM) More tomorrow, but it sounds like they are targeting investors and reeling in the use of HELOCs. Could be problematic for investors. http://www.cbc.ca/money/story/2010/02/15/f...gage-rules.html It`s too bad they dont understnand that HELOCs can help...

QUOTE (luckyluciano @ Feb 16 2010, 06:09 AM) No, it says it WILL be part of Tuesdays announcement. I think it was pretty clear that it was not. Below is a clip from the article. Were you speaking about something else and I got confused? "Sources have told CBC News that those...

QUOTE (luckyluciano @ Feb 15 2010, 11:34 AM) Banks love EQUITY too. They do indeed. But if you have equity and poor cash flow, your are not an ideal client for them and could struggle to get financing. Both equity and cash flow are needed for consistent long term growth. Cheers,

QUOTE (housingrental @ Feb 15 2010, 04:05 PM) Re equity - Sounds your less leveraged than your previous post implied and you have some safety in what your doing. Just make sure you have nice margin of safety if the market adjusts. If there's a lot of foreclosed properties, you want to have...

QUOTE (housingrental @ Feb 13 2010, 03:37 PM) Hi James, Isn't your situation a problem? Your building a large leverage portfolio without a sufficient margin of safety for when things go wrong. If 10% down and 25 year amortizations would have hampered your growth, than maybe your...