I just got this email from a client, who bought his first real estate investment property in 2008. He now owns 4 rental properties in Kitchener Waterloo, including student rentals, single family homes, and a future development site (currently rented). Hi Ben, I hope this message finds you and Sarah well and enjoying married life. [...]
Tag Archives | rental property
CMHC Mortgage Regulations to Restrict Real Estate Investment
I’ve been hearing rumours recently that CMHC was changing their financing criteria for real estate investment properties. Over the last couple of weeks,we’re heard about raising the minimum downpayment (New Mortgage Rules for Real Estate Investment in Canada) that an investor would need to put down on a rental property (that wasn’t owner-occupied, meaning the [...]
New Mortgage Rules for Real Estate Investment in Canada
My wife and I are in the Carribean this week doing some research, so posting has been light. However, I want to pass along a few articles my friend Jeff Zabel, with Mortgage Alliance in Kitchener Waterloo emailed to me. They are about changes to the mortgage rules, and will affect real estate investors: This [...]
Local Real Estate agent guesses Street, so more Money is going to Haiti
Congratulations to Laura Munroe, a realtor at royal lepage here in Kitchener Waterloo, Ontario who correctly guessed the street pictured on page 2 of the pdf (or page 30 of the magazine) in ‘Kitchener Waterloo profiled in Canadian Real Estate mag’s “Areas Set To Boom”’. The picture was taken in front of a rental property [...]
What is the Bank of Canada doing with mortgage rates?
Many people are speculating that the Bank of Canada will be raising rates. While the consensus amongst those I speak to is that rates have nowhere to go but up (and we are closing on a loan with a 2.4% interest rate on friday, so that’s a pretty solid perspective), the question seems to be [...]
GST Rebates & Investing in New Construction Rental Property
In January, a number of our clients are closing on new construction rental properties, mainly in Cambridge Ontario’s Maple Grove community (355 Fisher Mills Road, north of 401, at Hespeller Rd). A few of these clients are new Real Estate Investors, and were not aware that you could apply for a GST Residential Rental Property [...]
Vacancy rate in Waterloo falls to 1%
Canada Mortgage and Housing Corporation (CMHC) just released their Rental Market Report for the Kitchener and Guelph CMAs. This report outlines the vacancy rates, average rents, availability rates etc., and breaks the information down by category – i.e. vacancy rate for 2 bedroom apartment vs 1 bedroom apartments, or comparing rates in new apartment buildings [...]
