All Forum Posts by: Claude Boiron

Thanks for your quick response, @Jacob Perez, and for the tickets!

Commercial or residential?

Hi @Matt Geerts, happy to chat any time, but I wouldn't be able to answer your questions without spending time digging through my files, which I can't do before I leave on a trip tomorrow. You could call someone I know, who is deep in that space: 

Hitesh Rathod, CFA
CEO
NexusCrowd

Sorry guys, preparing to send my daughter to camp, and to go on a trip myself, so not a lot of time to look at my notes on this from the past year or so. I think my brother is out of town for a day or two, so probably nothing from him either until later this week.

Hi @Darryl Louie, I'll copy and past his information below.

If for some reason it is not fully visible, please message me privately and I'll re-send it.

Chris Case, B.A. Honours, MBA
Associate Broker
Dan Lawrie Insurance Brokers
www.danlawrie.com

Readers Choice Award Winner – Dan Lawrie Insurance Brokers voted # 1 in the “Best Insurance Brokerage Category”

Hi @Carolyn Guertin, I agree with much of what @Eric Delcol wrote. Happy to chat with you about the pros of renting it out versus selling. There are tax implications to keep in mind, as Eric said, but other factors, such as whether you feel the market is peaking or not, and who will service the property and tenants' needs if you rent out the house.

Hi @Vincent Muller. Send me a private message and I'll give you a name or two of trusted professionals who my clients and I have used several times.

Hi @Tia Terrena, I did several interviews today about the provincial government's "measures" for the Real Estate market, and my thoughts are that very few are going to have any real impact. The 15% will affect, in my opinion, way fewer than 1% of buyers in the Greater Toronto Area. Residential landlords were targeted today, since all properties, irrespective of when they were built, will have a form of rental control applied - this will still have little effect, since rental vacancy rates are so low that landlords will jack rental rates between tenancies. Happy to discuss on the phone if you have specific questions. 416 nine nice three eight one nine nine.

Yes, I know it very well. Ask any questions you'd like, @Tia Terrena.

Hi @Roy N., I've heard this approach bandied around a few times over the years in Canada, but don't know anyone who has done it. I've reached out to a good Real Estate accountant for his feedback. Many older commercial property owners in Canada end up selling to REITs since the tax structure is so advantageous - hard for non-REIT entities to compete to buy the properties because of that.