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  1. Real Estate
    Selling the home that you live in and purchasing a new property with the proceeds can be a tricky affair. You need to get your timing exactly correct. Kevin Bratch provide the best place to buy real estate property in Canada is Vancouver because nowadays the city properties demand to get a boom...
  2. Taxation
    I have a rental property with a friend who decided to take money out of the house (me and him on the title). So I decided to buy him out. We signed a mutual release that for 80K he is transferring his interest of the property to me and my spouse (now we are on the title as joint tenants)...
  3. Taxation
    I have a rental home for a few years so I have some premium that I can take out. I am wondering if the interest incurred is tax deductible against the rental income? Does it matter what I use the line of credit for? I think that if I use the money for renovating or maintaining the rental...
  4. Real Estate
    Hi all, My parents gifted me a rental property that currently has tenants living in it. They are on a month-to-month contract with my parents (the previous landlords) and I wish to continue this month-to-month contract with them. My parents did not tell the tenants that the property was sold...
  5. Real Estate
    I have my principal residence ($500K market value) with no HELOC We have several rental properties, with more than 200K/year expenditures Can we implement cash damming without having HELOC in our primary residence? We have some HELOC in some rentals. Other option would be to refinace to have...
  6. Taxation
    Firstly, i will reach out to an accountant about this matter but i want to get some knowledgeable insight from some of you beforehand in case i might be missing a simple solution. My parent has a rental property. I want to give her a large amount of money so she can do renovations to her...
  7. Real Estate
    I bought a starter home 6 years ago. Own over 30% (based on the purchase price-- not factoring in what it's currently worth) But recent (comparable) sales have me thinking of either: A) Selling & up-sizing--- OR B) Renting my existing property & using some of that equity (just less than...
  8. Real Estate
    Background: My husband is a licenced electrical contractor in Ontario. I am a (former) admin assistant with about 20 years experience. We (mostly me) have been renting out single unit dwellings, mostly detached houses, for the past 15 years with mostly very good tenants. We had one bad tenant...
  9. Real Estate
    Landlords, what data do you use for figuring out how much to charge for rent?
  10. Off Topic Lounge
    Hello guys, I am new here. I'm from Canada. I plan to move to Toronto. I may have some rental queries. What are the best places there?
  11. Taxation
    This is my first post on this forum and I'm hoping I can get some advice from you kind folks to clear up my understanding on the below matter. I apologize for the lengthy post in advance. Some quick facts about my situation: I own a condo in Toronto and it has been my principal residence since...
  12. Off Topic Lounge
    As I am facing some personal problems in my current place of accommodation, I need to migrate to Toronto immediately. So I have to get fully furnished condominiums in Toronto at convenient costs. I have gone through several places among that I felt Mac Suite residences is one of the best rental...
  13. Real Estate
    Hi, Was wondering what is the proper way of filing for annual income tax (individual) when one has rental incomes from properties in different provinces in Canada? Thanks in advance for your response!
  14. Real Estate
    Hi, I'm 23 years old and moved just outside of Winnipeg to help my family with a farm they purchased two years ago. I plan on living there for a while. When I moved, I rented out my house, and I purchased another rental property a few months ago. Details are as follows: 1st house: Amount owing...
  15. Real Estate
    Hello all. So we currently own a principle residence as well as own and self manage 6 rental buildings with 13 units combined. We have a mortgage on our personal residence and own 2 rentals outright and 4 rentals have mortgages. We are thinking of refinancing our rental properties and using...
  16. Taxation
    Good day everyone, Can someone explain the benefits of claiming depreciation on my Rental House? It seems to me that claiming depreciation might help me save on taxes for this tax year, but then I'll have to make up for the tax savings when I sell my Rental Property down the road. Am I...
  17. Taxation
    Hi everyone, Last summer my family and I moved into a new bigger house but just couldn't sell our old house! We used 2 realtors, hired a professional photographer and had the house for sale for about 8 months. (We were also trying to rent the house at this time) After paying 2 mortgages for...
  18. Real Estate
    Hi all, I'm looking to buy a rental property in Calgary. I've got ~40k saved up and am looking at buying pretty soon. I've got a bunch of questions that I hope any experienced investors might be able to help me out with. I hope the question is not too open ended, but I'm guessing there will be...
  19. Real Estate
    I run a real estate website and I'm going to start listing properties for both rental and purchase. Would you be interested in a free posting on my site? Check it out: http://www.fergusonfinancial.ca and then navigate to the Real Estate Listings Tab. As I said it's free (no listing price or...
  20. Real Estate
    I own a duplex that was my principle residence for over 17 yrs. I moved out of it about a year ago when I bought a new home. I have continued to rent both units out and now I am thinking of selling the property but fear I will be taxed heavily on capital gains if I sell can any one explain how...
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