r/OntRealEstateInvestor

We are looking into buying a home and we’re looking into the LRO. It states that the previous owners had disch of charge on their above referenced mortgage. Does that mean they have paid their mortgage off? Ontario, Canada

If you sell a rental in my case a residential home which capital improvements can be added to the base? If you had three replacement roofs installed while it was rented out over a time span og 40 years can they all be added to the base when figuring out capital gains taxes?

Title. My Mother and I have come across a decent sized amount of capital that has blessed us with the ability to invest in the current

I personally do not have any experience in the RE market. On the other hand, my mother and father invested in pre-construction condos a couple times which yielded good returns. Unfortunately, my father is not around anymore to guide us as he was the head of the family.

With that being said, right now we are looking at properties to invest our capital in. As a 22 year old, I want to be able to learn more about the market and educate myself on RE investing in ON to help guide our investing venture like my father did.

Any educational podcasts,books, newsletters etc that anyone can recommend I would be more than grateful.

Thank you!

Just started my freelancing business and looking for resources to expand client base and saw this - Unlocking Success in Real Estate - A Comprehensive Guide to Building Your Clientele - Richie Washington - lots of stuff in there - buying, selling, marketing, leads, etc. I’m a kindle member so can read it for free.

Hi, we have a townhouse unit in a project in Kleinburg. There was a fire at the project site a few weeks back and some units burnt down. The builder would like us to close our unit next month. We're okay to close but with many of the units burnt in the area, it would hurt the value of our property. Our goal is to just close and sell. Is there anything we can do to have the builder delay the closing until the burned units are done with construction?

So here I am confused in selecting the location for house hunting. My work is Hybrid and I need to visit downtown once a week. Which location would suite me best considering the following:

1. Safe community

2. Appreciation of the property

Property/Home insurance has been getting expensive for real estate held in our holding company. Has anyone found an insurance company with decent rates and/or discounts for multiple properties held with them? Located in GTA but investments across Ontario.

2023 for me is going to be a year of new beginnings, starting with a new startup I'm founding. In August my partner and I get married, so it's going to be a fun / busy year! haha

I've been working on a product (Focused only on the Toronto market right now) that automates as many steps of the due diligence phase related to buying a property as possible. Some areas I still plan to add are around verifying the status of parking on the property, infraction notices, historical 311 service requests, and other general info around health services, police and the fire history of the property.

Here's the site (There are various examples at if you want to see it in action)

I've personally bought / sold 4 properties in Toronto and every time I have done it i encountered things after the fact I wish i knew before making an offer. There's no way to catch it all obviously, but I'm hoping to get a little closer to making it harder to miss the things that previously caught me up.

I'd welcome any feedback and hey, if you like it, here's a 50% off code for any willing redditor: REDDIT2023

Thanks for your time all.

Own A Modern House In A Beautiful Town Full of History, 30 Min From Ottawa

FOR SALE: Beautiful 4 Bed 2.5 Bath Home At 28 Fanning St, Carleton Place, ON K7C 0J2

Listed At $699,000

30 Min to DT Ottawa And Steps From Shopping & Trails, 2 Min To Hwy, 5 Min to Schools & Libraries.

Bright And Spacious Freehold Detrached Home Built By Cardel In 2020 Located In The Desirable Family-Friendly Neighbourhood Of Miller’s Crossing. Open Concept Kitchen W/ Center Island, Pot Lights, Breakfast Bar! Living and Dining Room Walks Out To Extra Large Barbeque-Party Backyard For Entertaining. The Pie-Shaped Lot Offers Great Privacy From The Street. There Are 4 Good Sized Bedrooms, The Primary Suite Come With A Modern Ensuite Bathroom, And Walk-In Closet. The Basement Is Finished With A Family Room, Office Space And A Storage Or Exercise Area. The Entrance Foyer Provides Access To Your Inside-Entry 2 Car Garage.

Extras: Built-In Oven, Cooktop, Dishwasher, Washer, Dryer, Built-In Microwave, Fridge, Existing Window Covering & Electrical Light Fixtures. Enjoy All Day-to-Day Amenities Nearby, Perfect for A Growing Family! MLS# X5839722 (Toronto Real Estate Board) MLS# 1323431 (Ottawa Real Estate Board)

"Carleton Place is conveniently located on the renowned Mississippi River. Beautiful streetscapes, scenic trails and picturesque waterfront make this town one of a kind in the Ottawa Valley. The conveniences of the city, with the friendliness of a small town make Carleton Place a wonderful place to live."

Shoot Me A Text/What'sApp Message To Get More Info:

• 3D Tour Link

• Floor Plan

• Showing Instructions (Lockbox Ready, Online Booking, Easy to Show)

• Co-op Commissions

• Any Questions About The Area, The Property, Or How The Buying Process Works In General

Look Forward To Working With You!

Ronald Poon

416-996-1299

For Sale! One of a kind spacious 1+1 bedroom.

Large den allows for a home office or a second junior bedroom. Private green patio with a separate street entrance to the unit. 9Ft ceilings.

No current tenant in place, fully renovated and clean unit. Works great for an owner or an investor. Potential rental income $2800-3000 / month or $400 / night with AirBnB.

Fantastic location – on Fort York close to Waterfront, Exhibition Grounds, parks, major shops and entertainment, yet quiet and green area (not as noisy as Liberty Village)

MLS # C5749088 or shoot me a DM.

Hello! We're considering buying 31 acres zoned RU outside of Ottawa. It's not been subdivided before. As per the by-law we should be able to sever 3 times but people keep telling us about this two-severence only rule. I can't find anything about it and the City of Ottawa takes a while to get back. Anyone heard of this as an Ontario or Ottawa rule?? If so can you point me to the bylaw or reference if possible? Thanks!

hey guys ! not sure if this is the place to post or not but I was wondering if there is anyone who owns commercial property on this group that is looking for a property management company to look after there building if so and if I am in the right place, please contact me at 613-621-1209 or check out and book a free consultation over zoom or in person.

Hi everyone!

I am very new to this reddit page and apologize in advance if this post is not appropriate here.

My parents own about 10 acres of land an hour drive from the GTA (in the Niagara region). People have approached to buy the 10 acres for about $7-8 million from them. My parents want to plot the land and sell plots to buyers as it will probably provide a better revenue. Land around us has already been plotted and homes have begun being built. Detached homes going for over a million, and town homes going for 700k. None of us have any experience in real estate/land development nor any contacts. Where do we even begin this process?

Appreciate any and all advice :)

Hi, I just want to know how does one qualifiy for multiple mortgages for investments? Let’s say my family earns 200K/year. I bought my primary residence for 999K with around 900K mortgage. I now want to invest in one(or 2 or 3) properties later. These are comparatively cheaper properties (300-500K) and I have the 5% down. But according to the concept of DTI how would I get another mortgage? How do people with modest incomes manage so many properties and corresponding mortgages??

So I’m a home owner. Assets in registered and non-reg accounts close to 1mm. Restaurant owner for 3 yrs. Household income $70k last year. Can’t get approved for $300k mortgage. We’re told we don’t qualify for A-lenders. B-lenders will charge a higher rate plus fee and will make the investment prop a neg cash flow. Now I might have to pull equity from my house to finance the purchase. Am I doing this right?

Hello, I'd really like some advise on my status quo. I am currently in a rental of $2100 with a household income of $130k including my husband's (we are both in the early 30's). The rent will be increasing in 3 months & we feel it is just money down the drains so moving into an own place made more sense. We both are working downtown but as of now remote. We have a savings of about $60k to pay for downpayment. Zero debts. Our budget is about $700k-$750k, not sure if we'd be able to afford more than that (our incomes for sure will go up this year though). I'd like to know what is the best place to invest in a property right now? Can I afford in GTA? I was thinking Hamilton, Whitby, Pickering, Oshawa, Bradford, etc. but I have to give a thought to office commute as well. Should I go for a detached (I know my budget is too low for a detached, but still) or a condo? First of all, is this the right time to invest or should I wait? Any inputs is much appreciated, thank you.

Would like to buy a new built from a developer but would like to work with an agent. If you can recommend anyone in this Kitchener-Waterloo area please do so. Thank you in advance