Ryan,We did a major remodel on a 1960's french provincial in a nice older Atlanta neighborhood.

Whether you are insured through CMHC itself or one of the private insurers, it is colloquially known as CMHC insured mortgages.The programme allows for an owner occupant to insure a mortgage with an LTV >80%:  In the case of an SFH or duplex, up to 95% LTV (5% down payment); for a triplex or quadruplex, up to 90% LTV (10% down payment).Property transfer fees are a provincial matter and while some provinces {like Ontario} do provide rebates to first-time home buyers (again, owner occupied), this is not universal.    

I don't know the answer, but if you don't get any suggestions here from those more experienced, I'd talk to a real estate lawyer who will know your state or provincial laws.

Happy to say we closed and everyone walked away happy as can be.Here are the numbers:Sale 445,000Comm 26,700Purchase 140,000Reno 120,000Legal 4,300Profit 154,000Partner 77,000 (before tax)Thankfully all through the year the market continued to go up…this was our saving grace as in the Spring the provincial government implemented some regulations that seriously affected the market…even if temporarily, but it would have most likely reduced our profits by 20-30%.So again, thankful for BP and this awesome community.

Provincial and divisive comments like yours do not encourage participation due to the lack of respect they show for others who may have a differing opinion from you and thus harm all members of the community by decreasing participation. 

You want to look at the growth rate as it compares to the provincial rate, and looks like Alberta grew 5% 2016-2021, while Morinville grew about 7%.

The credit unions in Canada are subject to provincial legislation, they operate under a separate set of rules than the national banks do, so its worth exploring your options with them.http://genworth.ca/en/products...

You buy in a city or neighborhood that the land is ideally more limited, the population growth is higher than average provincial, the vacancy rate is low, the cities around your target neighborhood are all priced higher than this neighborhood, big businesses are moving into this market and etc.

Your choices are 'sole proprietor', provincially registered company, federally registered company all of which can have almost whatever ownership structure you want.

Michelle:Evictions here are handled by the Office of the Rentalsman (the Provincial Housing Authority), so, while they can be painfully slow at times {the Rentalsman is woefully understaffed}, they are not very expensive.