From someone that has owned property in Thailand (because we lived there), I’ll add a couple more things to consider. There’s been so much good advice that if you’re not scared off by now then you might be after I’m done with you.[emoji6] when you invest in a country outside of Canada you are...

Hi all, If anyone is interested in alternative real estate investments here is a Chilliwack company you may want to consider. https://www.westbowcapital.com This is not a solicitation - simply a referral.

Sorry but I'm a bit confused with your intention to move back to Canada. You first stated that you are moving back to Canada but then implied that you are "thinking of not moving" back to Canada because of the speculation tax. I know from experience that repatriating back to one's home country...

Dylan, the fact that you are: (a) thinking about real estate as an investment vehicle and (b) have joined REIN not only puts you light years ahead of your peers but suggests that you have an entrepreneurial spirit. There is a ton of good advise listed above so I won't add anything else...

I'd say Wilboy was spot on, except for the part about the C$. Sent from my iPad using myREINspace

Thank you Thomas for your feedback. My wife (the smart one) doesn't feel that we need to take on any unnecessary risk right now. Since we own the land outright she correctly reminds me that we need to be patient.

I originally purchased vacant land in the East End of Barrie which was legally severed into two 5000 ft2 lots. I sold one part to a builder who now wants to purchase the other lot which I own. They have the construction financing arranged to begin building on their lot, but will need to get...

Hi Daniel, I hope this helps. I purchased a one bedroom condo on assignment and then found a buyer for it prior to the building registering (still waiting). After he building registers with the city the closing is usually within 30 days. In order for the buyer to avoid paying HST, the unit...

Alvaro, for what it's worth, that's how I interpreted your comment- from the perspective of a buyer.

Hi All, Just an hour ago, I reached an agreement on price for a lot that I am selling. I am willing to offer a VTB for the lot. My question is this, under the proposed agreement this would be a second mortgage (I'm assuming I have a second position) if he fails. Is this normal? Any advise...

DONE!

Hi all, My close friend is in need of a 1 or preferably 2 bedroom condo/townhouse to rent in South Surrey (or nearby). He is a 'A' class tenant that is currently going through a separation. He is a special ops police officer with excellent income and credit, however his budget is a bit limited...

I don't think you want your first investment to be anywhere other than where you live. Option 1 or 2 seem best and perhaps ask your parents for a loan which could further support your down payment. If you think there is any chance you may move in a few years or less then don't bother. You...

Hi Donna. I'm sorry to hear about your experience with A.G. Secure. I invest in Barrie as well and I've been told that they do not have a stellar reputation. If you would like, I can put you in touch with my niece/Realtor and property manager, Katherine Moore who manages my properties. In...

No one can argue that Toronto RE is hot. But for how long? Remember, what goes up, must come down. Maybe not today, maybe not tomorrow, but eventually. Is there irrational exuberance in the TO market? Some say yes, some say no. So clearly, opinions are divided right now. What is not up for...

They are wonderful reads!

While I agree with the sentiment, many car companies offer 0% financing.

I have a fabulous 5500 sq ft vacant lot in a prime East End Barrie location for sale. It is located at 2 Lakeview Crescent, Barrie, Ontario and is extremely rare to find. We have just listed the lot and are asking $350,000 for Part 2. For more information, please feel free to contact me at...

Fantastic explanation Thomas, thank you.

I have a number of close friends that have been calling for a housing correction since we moved to BC in 2009. Their mantra has, and continues to be 'this is the time to rent!' I'm really glad we ignored the sage advise. When I hear about Toronto and Vancouver markets correcting 60, even 80%...