Here, landlords are required to turn security deposits over to the Rentalsman (provincial government agency) which holds them in-trust, but retains the interest to fund operations.

The borders (both international and inter-provincial) of NB are closed to non-essential travel (there are checkpoints in-place).We appear to be 3-4 weeks behind places like Québec and New York: there are only a hundred cases of COVID-19 in NB at the moment and no deaths yet.We have student rentals turning over in May and June which are normally rented by now - but we cannot show occupied units and student are deferring the search for new accommodations until they know for certain there will be a fall semester. 

When I worked for provincial EMS, I did get some extra confidence from lenders even when I had bad credit, but since I am working industrially now it has been hit and miss.

I don't see Hamilton or KWC being effected by anything short an economic disaster and a complete reccesion.P.S Roy if you're ever in my end of Ontario I would love to grab a lunch or coffee and debate some real estate,I always like seeing things in different light.You may disagree, but no real estate prices in any market - whether it be local such as Hamilton or Waterloo, regional (Niagara Peninsula), provincial, or national - cannot continue to diverge from the underlaying economy in that market (specifically household income) indefinitely.I'll poke the bear a little more and say there is no "ideal CAP rate" when you are acquiring ... the only time we look at CAP rates (or PE ratios in other business) is when we pan to sell as it lest us know where we can price the business.I'm guessing your young enough to have yet to operate through a serious downturn ... that's when I'll be interested in that coffee ;-)

A word of caution, different development officers/inspectors from each city will interpret the national/provincial building codes differently.

We went to a course of flipping which was offer by our provincial real estate investing club.

I was going to make a complaint to the provincial goverment but the deposit was so small minus the 100 dollar application fee, it was not worth my time.Do the laws of your state say a land lord can hold onto and not give back a damage deposit "she was acting like it was a hold deposit" if the tenant applicant backs out of the rental agreement?

@Greg Sheldon I found a meetup on Facebook on Aug 1st @ 6:30pm at the Royal Lepage office at 1350 Provincial.

Your contractor will be responsible to ensure the building constructed meets, or exceeds, all code (national, provincial and local) requirements.  

Last year the same stress test was applied for borrowers with less than 20% down, so really they've just extended it - HOWEVER, in theory that only applies to federally regulated banks, which if you go through a provincially regulated credit union, in theory they are not obligated to follow the rule.