All Forum Posts by: Kenneth Yim
Kenneth Yim has started 1 posts and replied 5 times.
Here!
🙋♂️
Post: Newbie to BiggerPockets from Toronto, Canada: Looking to learn from this community
- Posts 6
- Votes 3
Hi Hari!
I'm in Toronto, Canada. What an expensive market we are in, "eh"?
There's still ways to make money here.
Post: Dallas considers restricting home sales for real estate investors
- Posts 6
- Votes 3
Quote from @Bruce Lynn:
So they want to kill their cash cow? Talk about this in lots of places. Saw Toronto is talking about no more investment properties in a news clip today.
Got to be careful how that turns out....can be big and unintended consequences to that crazy idea.
I'm from Toronto (Canada). That is not happening, anyone (Canadian) can buy Toronto investment properties. This is not on the table, to remove private residential investment.
How is it fair that individuals are not allowed to purchase (residential?) investment properties, but REIT's are? That just makes it way more frothy to institutionalize real estate. Are they going to lower the price for real estate? Their entire mandate is to make profit. How does this make any sense?
By the way, according to Statistics Canada, the amount of foreign ownership in Canada in 2019 is only at 2.6%. Everyone smart here knows that this is just a headline to buy votes and is going to do nothing to control real estate prices.
Post: Ontario, Canada multi-family investors: TOU or Tiered hydro?
- Posts 6
- Votes 3
For those of you in Ontario (Canada), do you use Time-Of-Use (TOU) or Tiered hydro rates for your multi-family buildings? I suppose the common area lighting rates don’t use all that much electricity, but they’re always on.
I’m interested! Toronto real estate agent and investor. Not here to sell anyone, I’m here as a fellow investor.