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    Less than 20% means you'll need to pay cmhc fees...

    Less than 20% means you'll need to pay cmhc fees which could be significant after all the interest is applied over the life of the loan.

    Variable is he best in a falling or stable interest rate...
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    The problem, even with small interest rate...

    The problem, even with small interest rate increases, is that double edged sword of leverage. Sure, a small quarter point increase each year doesn't sound like much but, in 5 years when your mortgage...
  3. Yeah, no one ever saw that coming, like in 2006...

    Yeah, no one ever saw that coming, like in 2006 for example...

    https://youtu.be/eob532iEpqk

    Only 11 years, and it's still not really happening.
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    Mukhang pera, Why go through all the outdated,...

    Mukhang pera,

    Why go through all the outdated, human, melodrama?

    Heck, with the speed of computers, we could just whisk people straight to jail as they come out of the womb. Computers could...
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    Somewhat true. In my experience, most condo...

    Somewhat true.

    In my experience, most condo owners are cheap. They don't want their strata fees to be high, so they cut back on maintenance and the building gets run down.

    That's usually the...
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    First off, realize that you have been a good...

    First off, realize that you have been a good investor, you've been lucky. The odds of repeating your current success are low. You walked into a casino, but all your money on black, and got a hit.
    ...
  7. You've got to love people who pick a small stat...

    You've got to love people who pick a small stat like RBC laying off 450 while ignoring the actual "big picture"

    http://www.huffingtonpost.ca/2017/06/09/employment-canada-may-2017_n_17014252.html...
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    The difference between buying real estate and a...

    The difference between buying real estate and a company comes down to sizeable assets. If a company has none, and a developer has sellable property, I know which way the banks are going to lean. Of...
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    How is this even possible?

    30% of Canadians basically never go outside...

    http://www.torontosun.com/2017/06/16/about-30-of-canadians-spend-less-than-5-minutes-outside-a-day

    Aside from people in hospitals, the really...
  10. Yeah, they said the same thing about fire, the...

    Yeah, they said the same thing about fire, the wheel, the stick...when will humanity ever learn? Life was better in the trees heck, some even think trees were a bad idea and we never should have come...
  11. Opportunity to change is a little better in the...

    Opportunity to change is a little better in the USA than those other countries you mentioned I think. Also, given the choice, having been in most of those countries, I think I'd chose the USA over...
  12. You probably didn't have as big of a tv,...

    You probably didn't have as big of a tv, internet, a cell phone, cable tv, drink at Starbucks, etc. Either.

    Finances are about choices and circumstances more than about income. Trying to compare...
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    The other thing to remember is he's asking $2M,...

    The other thing to remember is he's asking $2M, that doesn't mean you'll have to pay $2M. Many owners overvalue the worth of their company, just watch dragons den for a while, that's why you need to...
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    It would probably depend on the cash flow and...

    It would probably depend on the cash flow and financials.

    You'll need to write up a business plan and see if it makes sense. Then you can present it to the bank and see if it makes sense to them.
  15. If you're going to buy a condo, make sure you...

    If you're going to buy a condo, make sure you take the extra step and join the condo board. Many people spend hundreds of thousands of dollars on a condo, then abdicate the control of that investment...
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