BP Calculators in Canada?

Question

Hello

Does the calculators work for Canadian properties?

Roy N. · Answer

@Helen Godfrey

The calculators will not be accurate for Canadian properties, but will be sufficiently close to be used for triage purposes.    Taxation and financing are different in Canada, so those aspects of the calculators will be off.

Huong Luu · Answer

@Helen Godfrey As part of building your knowledge, asking these kinds of questions will help you with your due diligence and making sure you understand the numbers.  Good for you. Even if the calculator is correct and can be used for Canadian properties, you should break it down and understand why the numbers are what they are. This way, you can understand how you can reduce your expenses and or increase your income. This will help you find better positive cash flowing properties. Like the old saying: garbage in - garbage out. Good luck.

Tanveer Mostafa · Answer

Currency is constant, the fact that the dollars are US or Canadian or any other currency doesn't matter since the formulas would be the same. Same calculations would go for any other currencies.

BP Calculators in Canada?

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