Canadian bigger pockets investing

[Jesse Graham]

Hey,

I’m new to the bigger pockets forums and I currently reside in British Columbia Canada. Are there any fellow Canadian investors here that could point me in the right direction as to where I should start ?

What markets are reasonably affordable with acceptable returns would be a great starting point !

[Brianne H.]

@Jesse Graham one thing to be aware of, wherever you decide to invest, is to read the entire landlord-tenant act for the province. Besides BC having more tax on the front end when purchasing a property, they have some of the most tenant-friendly laws you can find. Good luck to you trying to remove/evict a tenant that knows their rights and wants to be difficult. Disputes are handled through arbitration (read some past cases to see how biased the arbitrators are - who also have who knows what qualifications and you permitted to record the session.) and not the court. My parents recently went through this for months with their rental on Vancouver Island. It was only through a stroke of luck their tenant ended up leaving, and I consider them EXTREMELY lucky that he only left a filthy mess and didn't pay the last half-month's rent.

Because of the extra taxes and the tenant friendly laws, and compared to AB, I don't think there could be a deal good enough for me to want to park my money in an investment there, but that's just me, and something to be aware of.