This reduction amounts to 17% federally plus 3 - 12% provincially (varies from province to province) on the first $500,000 of income.   

Finance Minister Mike de Jong announced new rules Tuesday aimed at ending the controversial practice of 'shadow flipping' by eliminating a means for anyone but the seller of a house to profit from real estate contract assignment.The CBC News article can be read here.Naturally, the provincial government's attempt to curb this form of racketeering in the Lower Mainland's drastically overheated housing market will only be as good as the ability to enforce it {look out for a rise in unreported "side deals"}.It also sounds like this change pretty much puts to rest any thoughts of wholesaling that does not involve purchasing, then reselling.

Check out your local govt or state/provincial govt website. 

BC also has some additional land transfer taxes that AB does not have (or a far smaller percentage) and you have an extra 7% provincial sales tax where applicable.

Learn the provincial landlord tenant regulations before you decide where to invest.

Local, regional and provincial political climate6.

None of your advice is legally valid in Ontario. a) leases do not end in Ontario. b) Rent increases are controlled to match provincial price index, and even if PPI is huge, rent increase is capped at 2.5%.Due to these rules, you will never recover a lost year of potential rent increase, so your best bet is to find a way to make paying the extra rent appear to be good value to them. 

Seems to municipal-level hiccups rather than provincial, but still something to keep an eye out for before investing.Anecdotally, I managed property in Saint John that we ended up having to demolish as a result of municipal foot-dragging.

Be aware of provincial taxes, though.

Ross Ross,In many provinces, tax assessments and sales history are available on-line from the provincial land registry.