I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in 2008.

I guess we are basically trying to justify turning our cash-flowing rental into a second home. lol and the thought of selling a few homes a year there could help compensate for the loss in rental income. 

Besides liability you are insuring the property itself for somewhere between the loan amount and the market value (some companies are more flexible than others on requiring a minimum per sq foot or % of their view of replacement cost) in order to make the lender whole and protect your equity in the event of a total loss.  

Obviously this would not work for everyone, but just as food for thought...

This is more art than science but you could calculate what you need to have a 6-12 month emergency fund should the unexpected happen (job loss, economic crash, etc.) and keep that amount liquid or available.  

Just some food for thought.Best of luck!

Remember that it was six years between the peak of 2006 and the lows of 2012 last time.So, here's some food for thought... at $250k with 5% down and a 4.5% interest rate, your monthly mortgage payment will roughly be $1,800.

Those investors cannot afford to take losses on a monthly basis. 

Subject to's is NOT a rookie game. 1st if you aren't able to make good on your end of the deal you could mess up someone else's credit and is this case also cause that soldier to loss their VA loan benefits.

In fact, comparing the cost of living in those 2 provinces, while food, fuel and taxes are considerably more expensive in NB than in Ontario, the rent paid and even cost of housing is what more or less balances it.And that said, while housing is cheaper in NB I find rents are generally so much lower that one does well there, as well as in most places in Canada, if a property pays for itself.