I'm about to refinance but because I'd like to sell in the next year or so, I'll likely go variable for the easy cancellation policies, but with rates rising quick, I'm tempted for the first time to lock in. Wondering everyone's thoughts? Variable still beats fixed even if they bump up .5...

Hey all, I've been with Scotiabank for 14 years and they are currently only offering me a 5-yr variable at prime - 0.7 (currently 2%) on my renewal. Nesto just talked to me and they are offering prime - 1.35 for the same term. Simple transfer to them. True North also offers much better...

Hey everyone, I'm just looking for some advice for my parents. They have a paid-off home in Calgary. However, they very stupidly racked up a LOC over the last 10 years to the tune of $150,000. Their interest rate is 2.45% (prime) and they've only been paying the interest, which has amounted to...

Hi all, Since the rental market is very tough right now, we're gonna move into our condo. So, we'll need some content insurance. A while back I as only paying about $10 per month but the one company I contacted is quoting more around $30 per month, which seems a lot for just general contents...

Hey everyone, Can anyone explain mortgage deferral to me? From what I understand, you can not pay the mortgage for 6 months. Only the interest will be added to your mortgage total, raising your payments afterwards. However, Scotia has given an example at...

Hey everyone I have my tenants moving out end of April. It's seeming unlikely anyone will be moving in as we're getting almost zero response to our ads or the first time ever. However, if we do get applicants, what new risks should I and all of us be aware of? For example: Is there a risk...

Just wondering if anyone is going to be using the mortgage deferral that's being offered by banks? I'm wondering how it works. From what I've heard, some will give a deferral of 6 months. But then I'm guessing it added to the end of your mortgage, extending it for that time period. Anyone...

My current tenants, a young couple, have broken up and are wanting to break the lease 4 months early. Their lease expires on April 30, 2020. They told me this at the end of December and I have started advertising it on Rentfaster. Because it's January, I've had 2 inquiries, both of which flaked...

Hey all, I've dealt with this situation so many times, you'd think I have more than one property. It's crazy how many times I've gone to court for this sort of stuff, but the last time I went, I was shocked. My old tenants moved out with three months left on the lease. When they told me in...

Hey everyone, I had a Scotia mortgage that was up for renewal on June 30th. I had talked with a mortgage broker about going with another bank but due to time contraint, he recommends I go to an open term mortgage just for a few days while we worked out some paper work. So, I went with a...

So, I signed up my tenants up to a one-year lease last May. From what I understand, I could have raised it then, but because we were travelling, I didn't want to deal with a potential tenant-loss just for a $100/mo increase. However, now I think the lease is automatically month-to-month right...

Hey everyone, Just wondering if anyone has any experience with RMG, MCAP, Street Capital, Merix, Lendwise, ICICI and/or Marathon? My mortgage with Scotia is coming due and so I had a mortgage broker look around to see if I could get better rates. It seems these lenders are willing to offer...

Just a warning for everyone. I had tenants in my apartment for two years. On the second year, I came down and had them initial to old lease to sign for another year. They ended up moving out three months early and did not pay for the on-going rent. It was two months vacant before I found a...

So I’m left in shock this week. A tenant I had that was on a year lease, moved out three months early. It took me teo months to find a new tenant. I took them to “court” via RTDRS. At our hearing, the tenants tell her that I said, despite having a year lease, that one month notice was okay...

So I’m left in shock this week. A tenant I had that was on a year lease, moved out three months early. It took me teo months to find a new tenant. I took them to “court” via RTDRS. At our hearing, the tenants tell her that I said, despite having a year lease, that one month notice was okay...

So I’m left in shock this week. A tenant I had that was on a year lease, moved out three months early. It took me two months to find a new tenant. I took them to “court” via RTDRS. At our hearing, the tenants tell her that I said, despite having a year lease, that one month notice was okay. I...

I own a condo that I rent out. The dog size rule is 15 kG (33 lbs approx). My place is empty now and I have a really good prospective tenant who is a doctor wanting to rent the place. But he has a dog at 45 lbs. I’m wondering what to do. What can a condo board do if they find out? What...

Hi, So I used to have insurance for my rented condo, just the basics, which came out to $113 per year. I mainly wanted it to cover a rare pipe burst, legal liability, and so forth. Somehow while I was, this insurance got canceled and the company I bought it from is gone. I remember REIN...

I’m pretty sure many here didn’t see interest rates going up yet but they have and seem to be going higher. I’m assuming not too high but curious to hear your thoughts on where you think it’s going.

Just wondering how you research rental prices to know when to increase rents. I have an apartment I rent out in Killarney Calgary. 2 bedroom. Used to go for $1575 per month and 2 years ago I had to reduce it to $1150 when Calgary’s market crashed. Lease is up in May and I’d like to raise...