For now though -- Canadian RE Market seems over extended and prices high.  

The rate of return is still decent for Canadian cities but it is not flying like it used to be.

A load of Americans and Canadians take advantage of those great deals.

We've had many new Canadian Members on the site lately . . . its great to have yet another with experience in the field.

Financially yes, that makes the most sense on paper but a lot of people would go with another bank that offers a slightly cheaper rate than their main bank to save on costs but they are giving up the opportunity costs of having their entire global relationship with someone that they are familiar with and know and trust.

As fellow Canadians, we all know the challenge to get bank financing beyond 3-5 properties. 

No one could have been completely prepared for what we are experiencing globally.

@Pat L.I missed the 19%, but our first mortgage was at 16.8 - a tough five years, but is is what got me looking into variable rate mortgages.There was a historical study of mortgage rates in the Canadian market from post WWII until the late 1990s which demonstrated that if you took any 25-year period [the most common amortization in Canada] and compared 5-year term variable and fixed rate mortgages within the 5 decades of the study the borrower always came out ahead going with the variable rate.Now, with 15 & 30yr terms available in the U.S., I expect there would be times when locking into a fixed-rate long-term mortgage would have been advantageous, but I would expect there would have been as many or more times when it would have not been advantageous.

I know the numbers are very small compared to Canadian cities, but that is how I do it.

Small investor that want to increase its real estate portfolio. Made only one house flip so far, but a good one, and owner of 3 units buillding for rent. Looking for opportunities in Montreal, Canada, open to business...