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Recent content by mike81

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    Mortgage Rates

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    Mortgage Rates

    Hey guys, What kind of rates are people seeing for 5 yr variable? (not on principle) 2.60? cheers
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    To Sell Condo or not to Sell...

    oops, i guess that last post sounded like i made up my mind, but i'm far from it. I tend to jump at high risk situations, because usually thats were the greatest rewards lie. But of course ignoring years of experience is sometimes plain stupid:) Why make your own mistakes, when you could learn...
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    To Sell Condo or not to Sell...

    thanks for the responses guys. the majority of ppl ived asked say to sell it and wipe my hands clean.... but then i tend to the opposite of what the majority ppl would do :p going to investigate further some speciality management places like Greg mentioned and see what kind vacancies/rates...
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    To Sell Condo or not to Sell...

    Hey guys, just wanted to get some opinions on my situation. Currently have a Condo in downtown Toronto (cityplace) 22 years left on mortgage I will be buying a house next year sometime with my Wife. I`d like to keep the condo as an investment property and cater to `professional ` furnished...
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    Best Toronto Short term-Furnished Rental Agency

    Hey Jeff, not sure if these will help - as i just started to look at renting out my furnished condo. https://ttr.managebuilding.com/ http://homesuitehome.ca/ Interested to hear how it pans out for you ;) Cheers, Mike
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    Renting out Condo downtown Toronto furnished as executive?

    Hi guys, wondering if anyone has some experience in renting out their condo in the downtown toronto market as an executive suite? I'm looking at keeping it nicely furnished to attract a higher rental price and hoping that the 39th floor adds to the allure. Looking at some comparables, i see...
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    Private Purchase/Sale

    QUOTE (housingrental @ Dec 15 2010, 12:52 PM) Hi mike81 - what issue do you take with the posts in this thread? Hello, no issues- just a comment on social behavior. Also just like to add there was some good perspective from both sides. And Mike is right. Which he clearly needed to...
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    Private Purchase/Sale

    ladies and gentleman... say hello to buzz killington.
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    Land Transfer Taxes

    Question - Has anyone ever heard of getting the Land Transfer Tax rebate for first time buyer, if they co-owned a previous home?(answer sounds obvious) I`m asking because i was talking to the ministry of revenue, and the mentioned that if you can show that you had no "beneficial ownership" in...
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    Land Transfer Taxes

    I purchased my "first home" this year in Toronto... i put first home in bunny ears because according to the LTT and PTT, technically its not my first home and thus i'm unable to collect the Land Transfer tax rebate. *insert big slap to face here* 3 Years ago i co-signed a mortgage for a Parent...
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    Owner occupied triplex/fourplex purchase in Toronto

    QUOTE (MonteDobson @ Apr 22 2010, 10:55 PM) Thomas, he would not have to withdraw his RRSP`s and pay tax...he could use the Home Buyers Plan and utilize up to $25K from his RRSP. More info on CRA website at http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rr...p/menu-eng.html Somewhat related tax...
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    Ontario HST tax

    hey guys, Just wondering how the new tax system will effect real estate come July? Will it be mainly new homes that get the brunt of this? Of course some closing costs will also get impacted but not to the same degree...So will it be business as usual or are you going to try and speed things...
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    6 plex with residential rates...I was told it couldnt be done

    QUOTE (JoefromTO @ Nov 6 2009, 10:38 AM) I also got my refinancing through RBC. They offered the best rate and payment options. I think they are really trying to be aggresive in attaining mortgage business. Ironically, up until I spoke with the mortgage broker at RBC, which came as a...
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