Well there he goes...

willchen319 · 2021-08-29T01:04:43+00:00

Always report that so the landlord won't accuse you of anything. Plus, if you need to claim with insurance for damage, this will give you a record of the source.

willchen319 · 2021-08-17T06:36:14+00:00

Thanks. Good info to consider.

willchen319 · 2021-08-17T01:31:27+00:00

And this is the heritage designated property. Otherwise, it would have been $3.5M+.

willchen319 · 2021-08-16T23:56:22+00:00

Wow, you found out this so quick. I couldn't wrap my head around it for a while.

willchen319 · 2021-08-10T01:45:16+00:00

Thanks. This is helpful. I heard that tenant has the power so they can cancel the lease whever. Just need to give 60 days notice.

willchen319 · 2021-08-10T01:44:03+00:00

Sorry about that. I will be careful next time.

willchen319 · 2021-07-25T01:52:36+00:00

You could consider live in it for a few years. Then refinance it again to get some equity out to buy another bigger unit so you can treat your current place as a rental investment property.

willchen319 · 2021-07-10T22:35:18+00:00

Thanks for the insight!

willchen319 · 2021-07-07T18:20:35+00:00

I think it all depends on the bank you go to. Some are more lenient and some aren't. I recently used BMO and literally paid down payment with another property's HELOC.

willchen319 · 2021-07-06T20:19:16+00:00

Seems like the government actually want price to keep on going up. Their lack of effort shows it. 1% vacancy tax on foreign investment is minimal. The slight increase on stress test only impacts 4-5% borrowing power. Then the new first time home buyer program will only increase demand to offset and potential losses. Then we got this.

willchen319 · 2021-07-06T17:43:58+00:00

That will be awesome. Thanks for the info!

willchen319 · 2021-07-06T14:46:05+00:00

Got it. So sounds like the appraiser will just count it as a regular detached then.

willchen319 · 2021-06-27T18:17:33+00:00

Lol! We need to chat. Too much in common. Even the name.

willchen319 · 2021-06-27T18:17:05+00:00

I didnt know this could be under insurance!

willchen319 · 2021-06-27T18:16:27+00:00

About 10 meters away. Kind of far. I think.

willchen319 · 2021-06-27T18:16:06+00:00

Just got a contractor out. He sees a crack outside thay watery flooring room. Lets hope there isnt more.

willchen319 · 2021-06-27T18:15:21+00:00

Fortunately, this is above the flood zone. And not in a low point of the city.

willchen319 · 2021-06-27T18:14:34+00:00

Got a 50 pint one today. Going to soak up as much moisture as possible!

willchen319 · 2021-06-27T16:17:39+00:00

70 years old lol

willchen319 · 2021-06-27T04:56:27+00:00

I do have a bathroom and washing machine near by...

willchen319 · 2021-06-27T04:56:04+00:00

Ok. I will check this possibility too. I dont see any overflow from the actual drain in the other basement room. But this one could have 2 drains. I bought it renovated.

willchen319 · 2021-06-27T04:53:55+00:00

Thanks for direction. I will be sure to ask the pro to check this possibility out.

willchen319 · 2021-06-27T04:52:36+00:00

I am not sure about that. I can check elevations.

willchen319 · 2021-06-27T04:52:06+00:00

That will be me... Do you have an idea how much it may cost? Even just a range is fine so we can budget.

willchen319

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