QUOTE (ThomasBeyer @ Jun 12 2010, 10:58 AM) yes .. and "it depends" variable is not available with CMHC for the first 5 years .. but on a re-finance only .. most banks require a personal net worth of 25% of the required mortgage amount, thus ability to borrow depends on personal wealth...

Thank you all for your excellent advice and feedback. These are all the issues that we are discussing and I really appreciate the unbiased feedback of experts. Our mortgages are 110, 124 and 154K the latter being our principle residence. Our eyes are on a residence listed at 269K. Our gross...

We currently have 2 rental properties (townhomes) on the go, in Barrie that are generating a modest but positive cash flow. Also our residence is a townhome in Alliston, a high demand area as there is little in the way of rental properties. The predictions for the area are high growth in the...