Next one is Tuesday October 4th at 6:30, at the Royal LePage on Provincial.

I live near Boston and would be interested in hearing some provincial local advice.

Yes, Pittsburgh is a great cash flow market, but there is still a pretty big heroin problem in bad parts of town which happen to be quite provincial in their approach to real estate investors and outsiders of any sort, for that matter.

Josh:There were no Provincial forums when I made my earlier post.  

With the average detached Vancouver house now costing more than $1.9 million, condo prices—and competition—are also expected to increase.Andrey Pavlov, a professor of finance at Simon Fraser University, said that housing and the industries associated with it could account for up to 25 per cent of the provincial economy.If his estimates are correct, that would make housing B.C.'

Since we now have Provincial sub-forums on BP, I am going to suggest we collapse them as follows:- Atlantic Canada - Québec- Ontario- Prairies & the North- British Columbia My argument for the collapse is there are not enough active BP members in the Maritime/Atlantic Provinces, Prairies and, certainly not, the Territories to warrant individual provincial/territorial forums.

Since we now have Provincial sub-forums on BP, I am going to suggest we collapse them as follows:- Atlantic Canada- Québec- Ontario- Prairies & the North- British Columbia My argument for the collapse is there are not enough active BP members in the Maritime/Atlantic Provinces, Prairies and, certainly not, the Territories to warrant individual provincial/territorial forums.

Being able to write off trips to other areas for real estate was a big one brought up to me, as well as you vehicle for using it and any training you may take.So you have to set up a provincial and then a federal?

The advantage of this approach are:As an owner occupant, you would be eligible for a high-ratio, insured mortgage (95% LTV for a SFH or duplex); you would have "roomer"s living in your own house, so it is easier to evict a poor tenant {from time-to-time one is bound to get by your screening}; since you live in the house, it is pretty easy to be the coxswain and keep things tidly and the crew in-line; if you were in New Brunswick you would also benefit from the owner-occupant exemption from the provincial portion of the  property tax (about a 40% saving).The obvious disadvantage is that you will be sharing your living space with your tenants  {find a home with an en-suite and you'll have a private bath}.You still need to do your homework.  

The short of it is, there is a rebate of the provincial portion of the property tax to owner occupants (they have to apply for it to get it).