Over the last decade, I have kept as close an eye on the rental market as I do on the buying and selling market.
It's actually, dare I say, a better indicator than most of what is really going on. If you simply consider that if someone isnt buying then they are likely renting...it gives a good idea of what is happening in the investor market.
With some quoting vacancy rates at approx 1% for some ...
Posted by Paul Indrigo
on January 20, 2012
Credit: Free images from acobox.com
NO your eyes are not failing you :)
You are on a realtors blog and I am saying "maybe selling is NOT the right thing for you".
Here is the reality of your situation. If you have the ability to buy the next property and do not HAVE to sell right away....my executive relocation ...
Posted by Paul Indrigo
on December 16, 2010
Whether you own a home or rent a property, there are now NEW rules regarding the importance of checking the legality of a basement apartment.
Bob Aaron recently highlighted a recent RECO case where the agent involved did NOT provide the proper documentation on the status of the basement apartment.
Whether you are a landlord or a tenant, this is MANDATORY reading for all.
If you are buying ...
Posted by Paul Indrigo
on October 10, 2010
It seems that every few months, I realize that many people are NOT aware of the some of the tax benefits of moving for work or school reasons AND that being a landlord is 100% tax deductible on your claimed rental property.
1. RELOCATING 40+ KM FOR WORK OR SCHOOL
The Government of Canada allows you to claim your moving expenses when moving for work or school if more than 40km. If you dont think ...
Posted by Paul Indrigo
on September 6, 2010
This is in fact a true story. Its my own story.
A few years ago we owned a home that was valued at approx $300k and cost us about $1500 a month in mortgage costs.
With a growing family, we knew we needed more space.
Do we build up, move?? Regardless of how many hundreds of moves I have helped people with, the idea of spending too much money on a house never made sense.
Until...we ...
Posted by Paul Indrigo
on July 18, 2010
Your eyes lock as you as imagine the future together. You have dreams of bbqs and parties that will be. Then he answers the door....
"Whaddya want heh?"
Is it the landlord of your dreams (or nightmares) OR is it even the landlord.
Do you ever ask to see proof of ownership before you go in to Buffalo Bill's house?
Does the butterfly collection freak you out?
Well all of it should ...
Posted by Paul Indrigo
on June 9, 2010
A recent story in the Star about this has conjured memories of the 200+ leases I have handled over the years with less than 1% being a bad ending (which is quite good in fact).
Let me start by saying that I am happy to have the "Tenant from Heaven" to call my own. Hard working, honest, family man that has been wonderful to have living in my basement apartment. Unfortunately, it wasn't always like ...
Posted by Paul Indrigo
on March 21, 2010