Posted by wpage on January 04, 2003 at 17:51:21:
Deana The aspects of RE investing are basically the same. Tax laws definitely differ from the U.S. The creative ideas such as lease optioning, flipping, or wholesaling can and do work in Canada. The biggest difference that I see is from the standpoint of financing with banks. They are very cut and dried, follow the rules type of dealing.You must have A-1 credit, a good job, and the cash down required to buy. Aside from the fact that all loans for more than 75% of purchase value must be mortgaged insured with CMHC.However, even with the stringent financing rules it is still possible to make money doing RE investing in Canada. One must find other creative ways to make it happen.Keep studying the archives on this site and keep posting your questions.There are a lot of smart investors on line to help. Good luck wpage