Luckily US tax will be considered when you pay Canadian taxes to avoid double taxation, yet there are some cases when that's an issue to be carefully researched.

I have never stressed about how much taxes I am paying, as long as I still feel like I made good money after taxation.

This is generally seen as good for fighting against gentrification and allowing seniors to age in place, as your property taxes won't jump up dramatically just because the real estate market is appreciating.Many here in WA, myself included, believe that some of our income inequality and gentrification problems could be solved by adopting California's model of property taxation.

If you want to do a real deep dive into a property, though, I would use a calculator that references Canadian taxation and mortgage calculations.

Nobody knows all the answers, even within our niche of real estate taxation.

We don't know what business form would be ideal and how to avoid taxation becoming a nightmare.

Originally posted by @Eamonn McElroy:@Nick BrandonGet a tax pro on your team who is familiar with US taxation of non-resident aliens.The US tax code is particularly not friendly to non-resident aliens investing in the US when it comes to real estate or operating business income.Ask about the Canadian tax ramifications of investing in an LLC taxed as a disregarded entity or partnership, and whether a C-Corp election makes sense in light of the former question.I'm not an accountant or attorney so no advice given here, but the most recommended method to acquire US real estate as a Canadian is either in your personal name (if only a few) or via a Limited Partnership (LP). 

As the laws both from a taxation point and landlords rights are very different per province and obviously different from the US market it’s really difficult to find a good tax accountant who a) is used to working with investors and b) is allowed to practice in both provinces and c) understand the “gottya’s” and can guide you. 

@Robert FrazierThe root cause of the housing shortage is politicians that keep the price of housing high via regulations and taxation.

Just the hassle with taxation and potential foreign tax.