Hi everyone,We are seeing price reductions on active listings, active listings are being pulled off (likely to be re-listed in the spring) and many homes are staying on the market longer and not selling at the first open.

I have asked the bank about the reduction in LTV and I'll update here.

Some formulas do not include all recurring costs while others include principal reduction and other such unrealized gains.

I think this may be an opportunity to renegotiate with the seller at an extreme reduction in price if we offer to buy outright using cash. 

Investment income (including rent) is considered passive income by the CRA and is not eligible for the small business reduction ... as a consequence it is taxed at the full corporate tax rate (which is about the same as your marginal rate).I would find yourself a good accountant and attorney, lay out bullet list of your real estate objectives and the will assist you in choosing the correct ownership structure for today which an morph into your future needs while mitigating your tax exposure in the process.

There are no comps to support a reduction.

I want to be confident of the ARV before I buy.I have been a big fan of Redfin.com (not the computer algorithm estimates of value)....but just the ability to get email notifications in my market(s) for every new listing, change of status (sold, under contract, price reduction).

If the market corrects or has a reduction, all of a sudden, you're rental is worth substantially less in terms of re-sale and your for all intents and purposes tied to it.Anyways, I'm no rental pro - but I'm looking to expand in this area and this is how I am looking at it.

What I see as a broker, is only the top 20% of agents get pricing right, to know your market, you need to define your farming area, know every nome in it, and track sales, and listings, see price reductions and expired, and days on market for each, there is no easy way.

That was my $60 lesson that ONE side of a double breaker can flip and it still appears on.The issue may be nothing more than this (IF it's electric).As for the rest of it...it would be a cold day in .....you know....before I'd be giving this tenant a $15 a day rent reduction for this nonsense.Gail