Reach out to them for terms on a HELOC. should be much better than Better.One look at that and i would tell you it's wayyyy too high, but there's not enough info from your post to determine what is contributing to that interest rate.

Do you believe it will now be more cost effective to hold a license or do you believe the expenses will go up with what I assume will be a flight from the business by low producing real estate agents? 

I highly suggest using IDI data.

I had 5 houses with them that were terribly managed (placing bad tenants, extremely high rehab costs). 

A very high tech one.Here's how it works:1) Call 720-902-85522) A real estate investor will pick up, or text you immediately, notifying you that they will call back if they are on the line.3) On the phone, tell us your goals, and we will connect with the resources or network you need to solve that problem.That's it.

And the laws and regulations here are very different, not very strict like the states.Prices are high and rents are low over here.

Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.

Thanks for sharing your thoughts.Are there any pockets in GTA or Niagara region where you are seeing value with high potential for long term appreciation? 

There is a State of Emergency in effect and anti-price gouging laws apply.

His story is inspiring, but don't expect to have the same results with today's high prices, high interest rates, and thick competition.