Canadian Real Estate Blog Carnival

January 15th, 2011 · 18 Comments · Canadian Real Estate Carnival

There’s good news for readers of Landlord Rescue and the Carnival. The blog migration is somewhat complete! The blog got so big we had to move it to a new host. Loading should be faster and better going forward.

Excellent Carnival Submissions

Financial Uproar tells us Why He isn’t Buying Any Rental Properties Anytime Soon plus he’s single! He’s also driving this nice vehicle while his car sits alone and unloved waiting for warmer weather to start.

Julie Broad asks Is Your Mom Fighting Your Battles For You? in her post about putting an offer on a house. Reminds me of last year when one of my investors wanted to put in an offer of $900,000 on a property listed at $1,800,000 by a receiver. The agent refused and the final selling price of that property? $1,200,000. It was half vacant, hard to finance and on the market for over a year…

VREAA discusses How Many People Have Benefited From The Real Estate Boom There are many people who have a vested interest in keeping real estate going the way it’s going.

Potato talks about the Risk and the Housing Market. He found a book from 1981 with mortgage tables in it. The lowest rate in the book is 9%. That would be like buying a house with a credit card. In fact I know people who almost lost their houses when the rates went up to 18%.

The Versatile Investor – Mark Loeffler analyses the Latest Rental Market Report in his submission. It’s not rocket science, the fact that you more than first and last and a good job and decent credit to buy a house is great news for investors! Those people have to stay somewhere while they save for their purchase. For those of you interested in Rent To Own Investing, this is the guy to talk to. I’ve begged for a copy of his book Investing in Rent-to-Own Property: A Complete Guide for Canadian Real Estate Investors <click here to buy. I hope it comes soon so I can review it. I know an awful lot of people are interested in this type of investing.

So that wraps up this edition of the Canadian Real Estate Blog Carnival, it seems that another blogger has decided that I am negative and I received no submissions from the MyReinSpace crowd. After all, you should never include yourself in an open discourse,Β  you should limit your circle of friends to people who think exactly like you. Anyways I miss their submissions… this carnival was designed to represent all opinions on real estate, both positive and negative!

Winners

Real Estate Bull – Winner

Julie Broad… congrats!

Real Estate Bear – Winner

VREAA…congrats!

Have a great weekend everyone !

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18 Comments so far ↓

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  • Potato

    Thanks for hosting the Carnival, Rachelle!

    Yeah, my parents were some of those who nearly lost the house in the early 80’s. They had a variable rate mortgage, and my dad occasionally tells stories about how at the time they were getting pressure from everyone to just pay the extra few % to lock in. He says “we were barely holding on by the skin of our teeth, and I figured it couldn’t last much longer. If we locked in and had to pay more for a full 5 years, that might have caused us to lose the house, rather than saving us!”

    • Rachelle

      You’re Welcome Potato!

      I had a teacher in property management school who lost $80,000 deposit and failed to close on her newly built house during the last crash.

      I also worked in a building in Brampton that changed hands 6 times while commercial properties were deleveraging.

  • Financial Uproar

    Thanks for hosting the Carnival Rachelle. Too bad those REIN guys are being jerks. Do you want me to beat them up for you?

    Alas, no ladies have come for a ride in the chip truck yet. For some reason, it’s not really what they had in mind when they said they wanted a guy with a nice truck.

  • Rachelle

    Not yet lol.

    Did you remember the chips? The chips are crucial πŸ™‚

  • Julie Broad

    Hey Rachelle –
    Thanks again for another AWESOME Carnival … and of course an extra large thank you for giving me the victory for the bulls. πŸ™‚

    Lots of great posts here!! Good stuff!!

    Mark’s book is a great read!! I look forward to your review of it.

    Cheers,
    Julie

  • A Day in the Life of the Best Real Estate Investor –Life as Real Estate Investors | Julie Broad | Dave Peniuk | Rev N You

    […] If you missed it … we were on a winning streak this week as I also won the Canadian Real Estate Blog Carnival for my post about the real estate agent who had his Mommy call our agent regarding our […]

  • Rent To Own Investing | Landlord Rescue

    […] A Complete Guide for Canadian Real Estate Investors“. I asked for the book during the last Canadian Real Estate Blog Carnival A few days later I gratefully received it and read it right […]

  • Andrew

    Great Blog. Lots of information condensed down…just how i like it.

  • Jeff

    Just purchased Mark’s book, and its fantastic. Lots of useful information

  • TPR

    Thanks for the link to the amazon site on the guide to Canadian rent to own property. It’s tough to find resources on this and I definitely know of some people out there who’d be interested in a resource like that.

  • Stephen

    Now a days buying a real estate property or investing in real estate business has became more difficult because of the rise in price of property. So, less people are showing interest in it.

  • James

    this is a question to anyone in Commercial Property management.
    I am trying to find out if any company charges their management fee (whether 3 or 4 or 5% or whatever) not only on the Income BUT ALSO on the HST which the commercial tenants pay and which is to be reimitted to the CRA. I have been in the PM mgt since the GST/HST was introcuded in 1991 and have never heard of this YET I found one company who charged it for years and when finally were challenged, claimed that this is industry standard. I am wondering WHICH INDUSTRY?. Of course, there could be companies that do charge so that 5% fee becomes 5.65% plus HST and we want to be fair about it. Does anyone know of any companies that do this? Your input would be greatly appreciated