Recent content by mikeUrban

Brar's Sweets Mississauga, ON, 755 Dundas St W Great Vegetarian buffet and a good price.

Looks like I'm the dumb one. I actually work just north of Queen's Quay (not South) and looked at the map wrong. My concern remains: eventually my employer will probably relocate with the Waterfront redevelopment... just wondering what the timeframe will be..

I'm just looking at the graphic and the two boxes labelled "Future Phase 3" and "Future Phase 4" is where I work. I'm assuming those two buildings will be knocked down for these "future phases"... I'll keep everyone guessing on the "company" I'm talking about... but come on... it should be...

No, I don't. There are a few businesses that will be displaced by the redevelopment. I just want to read-up on it, if anyone has a link (preferably the one attached to this graphic) that would be awesome.

This thread has gotten pretty long for me to follow. Can someone tell me where this graphic comes from? I'm afraid it looks like my current employer would need to relocate for this to become a reality. I'd hate to buy a place in the next year and then shoot myself in the foot with the commute...

What you say makes a lot of sense, but I don't know if I'm quite ready to take on multiple investment properties right now. I'm moving into another condo for about 2 years and then plan to make that into an investment property, assuming it makes sense in 2 years...

I knew the answer to this already, but thank you for confirming. When I read misinformation like that, I'm ready to have a panic attack. I find that most people really have no idea what they are talking about when it comes to real estate. For example, many people I talk to think that the capital...

This is the question I've been struggling with for months. I've talked to several accountants and most of them* concluded that you are NOT allowed to do this, if you are planning to deduct the mortgage interest as an expense -- which is really the only reason you'd want to do this, right? Or am...

Okay, I think there are a few things wrong with what you are telling me. First of all, when you convert a primary residence into an investment property, you get a property assessment done. So, for example, if the assessment says the place is worth $300,000 at present and I then rent the place...

The point I was trying to make is that it's better to have mortgage debt on my investment property (tax deductible) than on my new primary residence (not tax deductible). Would any reasonable rate of appreciation in the coming years make keeping this place make sense? Let's say (just for fun)...

I purchased a property in King West back in 2004 and it's been my primary residence up until now. I'm moving into a new place and debating whether I should sell or rent the King West condo. Here are the details, can someone let me know if it makes financial sense based on my situation? -...

I've got a property (currently my primary residence) that I was thinking of refinancing in order to pay for a new place and then rent out the old place. The goal here is to shift the mortgage burden to the rental property where the tenant is paying it -- making the mortgage interest tax...

So is the issue, as you see it, that a person cannot be on title for two different properties? I don't think "title" = primary residence. I am going to get professional advise, but wanted to first see what others think. The way I see it: Two brothers, Bob and Doug, purchase a property...

If two siblings own a property together (hold title and mortgage jointly) and one decides to move-out and purchase a new property, are both properties exempt from capital gains when sold years later? The sibling who has moved out and purchased a new property still has joint title/mortgage on the...

Maybe interesting is the wrong word. Sort of peculiar that this world-renowned chef was our neighbour. Nice guy, always said "hi".