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I'm a real novice Jim and my comment is based on what realtors, property managers, mortgage brokers with their own investments, relatives and friends said (my head is spinning from all of this)- yes I suspect the new financing regulations will affect price growth, same as elsewhere in Canada...

I'm a real novice Jim and my comment is based on what realtors, property managers, mortgage brokers with their own investments, relatives and friends said (my head is spinning from all of this)- yes I suspect the new financing regulations will affect price growth, same as elsewhere in Canada...

Well that first offer didn't get accepted, but one year later one finally did. Yes, it's important to keep plugging away! First investment property has arrived!

OK, I``ll do my best to answer my own question. Here is some general information that I have garnered during a two and a half week real estate shopping trip to Kamloops. All facts and figures should be verified as my memory is crowded. Kamloopsians ` jump in and correct me where necessary...

I'm looking for an accountant who is used to working with non-residents who own rental properties in Canada. Alberta/BC preferred. Thanks

Thank you

I have no idea how much insurance on a rental home is, and how it is calculated. Any advice? (Also, do you have to use an insurance company in the same city as your rental property?) Thanks

Any thoughts on investing (residential) in Kamloops, anyone?

Anybody have information about investing in residential property in Kamloops, BC? ie. good idea, bad idea

Thank you Team REIN for your help/advice. I'm placing an offer on my (potential) first investment property and your advice helped me get there! ( Please keep posting on the public forum -until I can afford a membership :) !) Whether the deal goes or not, ya gotta eventually 'act', so that's...

Thanks for all the good advice. I am being very focused and have narrowed my search (price, location, size of house all that), and am driving around like crazy getting to know the areas (not from Edm), drive by all properties before I set up a viewing, and am spending lots of time looking at...

I'm looking for a ballpark figure for what rental property insurance costs (ie. $500-900) Let's say an older 3 bedroom home in an older area of town, vs a newer 3 bedroom house in a newer area of town. (Let's say Edmonton:). Thanks

I'm looking in Edmonton. Single family dwellings- currently looking at South Edm, and SE Edmonton. One of my concerns is determining how well the property will rent out. Seems kind of hit and miss to me.

How much input is normal for an experienced 'investor' real estate agent to have in selecting homes to view for a first time investor, unfamiliar with the city (and rental market in given city)? Thanks

Thank you to both.

I have not bought a property before. I am wondering if it is normal to deal with only one realtor or if more than one is adviseable. Are there any relevant problem areas that I should know about regarding dealing with just one, or dealing with 2-3? Thanks

Are property managers generally OK with, and knowledgeable about, remitting the 25% withholding tax on rental income on a monthly basis as required by Revenue Canada (NR4), for non-residents of Canada owning rental property in Canada? Pindy (Edmonton)

Sorry, I can't help, but as I'm looking at investing in Edm in the near future I thought I could maybe piggy-back on your question. I'm looking for single family homes; don't know Edm. If not Ottewell (experienced Edmonton investors), any other tips?

Can any of you 'old-timers' answer the unanswered questions in posts #36 (2 years ago) and somewhat more recently #73. Thanks. Rookie

To go back to your original question Johnsu - I agree. I've reflected on my own situation and I feel, yes, that people should invest first based on personality and 2nd on life circumstances. Part of not getting stressed about tenants, I think, is to not be greedy. It's a give-take relationship...