- Joined
- Sep 27, 2007
- Messages
- 326
QUOTE (JimWhitelaw @ Sep 11 2009, 01:22 PM) Well, the situation in Ontario is what it is. Seems to me that investors have 3 choices:
1) Live with the rules as they are and learn how to best operate in that sandbox. Yes, the legislation is tipped in the tenant`s favour, but taking action to invest even with that additional risk is still better than doing nothing.
2) Agitate for change. Seems like a lot of energy expended fighting government and entrenched advocacy groups in a battle that seems unlikely to be won - energy that could be better put toward actually running a real estate business. But I respect and support those who choose this route and refuse to "lie down and take it".
3) Partner with others to invest in a friendlier investor environment like Alberta, which as most of us know is appealing for more than just the reasonable tenant legislation but also for the economic fundamentals that we all value. Partnering is an easier route than managing your own cross-country investments remotely.
We`re actively looking for JV partners for new investments in Edmonton. Contact me if you`re interested. I`ll also be attending the Toronto ALIFE in Oct, and I`d love to meet with some Ontario investors who are ready to talk about how we could collaborate on investments in Alberta.
Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.
Margaret Mead US anthropologist & popularizer of anthropology (1901 - 1978)
1) Live with the rules as they are and learn how to best operate in that sandbox. Yes, the legislation is tipped in the tenant`s favour, but taking action to invest even with that additional risk is still better than doing nothing.
2) Agitate for change. Seems like a lot of energy expended fighting government and entrenched advocacy groups in a battle that seems unlikely to be won - energy that could be better put toward actually running a real estate business. But I respect and support those who choose this route and refuse to "lie down and take it".
3) Partner with others to invest in a friendlier investor environment like Alberta, which as most of us know is appealing for more than just the reasonable tenant legislation but also for the economic fundamentals that we all value. Partnering is an easier route than managing your own cross-country investments remotely.
We`re actively looking for JV partners for new investments in Edmonton. Contact me if you`re interested. I`ll also be attending the Toronto ALIFE in Oct, and I`d love to meet with some Ontario investors who are ready to talk about how we could collaborate on investments in Alberta.
Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.
Margaret Mead US anthropologist & popularizer of anthropology (1901 - 1978)