The Canadian Real Estate Investor

We’re talking about the most important metric to your real estate investment, DSCR, Debt Service Coverage Ratio.  The list of cities that were most searched in Canada in Q1 of this year. 1st was Calgary then Toronto and Ottawa  Both real estate investors and lenders use the debt service coverage ratio when analyzing rental property performance What is a DSCR, whats a good and bad one and how to calculate If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

In todays show we talk about the Bank of Canada and its Rate Decision, We also look at the IMF and a recent study they released. We also look at CMHC, thats Canadian Mortgage & Housing Corporation and why they say the Canadian economy can’t afford any more rate hikes, so buckle up, this a good one.  How the rate hike will affect your variable mortgage  IMF Reports high levels of household debt & large share of borrowing issued at floating rates are more exposed to higher mortgage payments resulting in a higher risk of defaults in Canada  46% of respondents in a CMHC said they must adjust their household budget. If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

We dive into a new report on Condo Investors losing money.  What is a Debt Service Coverage Ratio and why its so important  Condo deposit insurance & Tarion warranty  Condo completion's per person in every major city  Cash flowing investments vs. not cash flowing investments  If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

One simple tool to compare multiple properties, Cap Rates. We've talked about them on the show a lot, but haven't done a deep dive, until now.  Determine the Net Operating Income (NOI) How to calculate a cap rate with examples What is a good Cap Rate? Cap Rate Compression If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com   Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

We go through a recent Statistics Canada report about real estate investors across the country, their incomes, their locations and their portfolios In 2021, household debt exceeded the size of the economy, with three quarters of the debt tied up in mortgages Established immigrants—those who landed before 2010—comprised a higher share of investors than their share of the provincial populations. Women represented around half of all resident investors in the five provinces If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

The Bank of Canada’s Financial System Review is the topic of today’s episode - among other things like inflation going up, and the risk on fixed rates rather than variable rates right now. BoC: Mortgage payments could soar up to  40% in 3-years we’re fighting inflation with inflation, and it’s not working The differences between fixed and variable mortgages & many other types  If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

The 1% rule & The 2% rule 50% Rule for Expenses & The The 70% Rule for Reno's  The  100:10:3:1 rule If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

The pre con don, Jordan Scrinko joins us for our first episodes where we focus on condos and more specifically pre construction condos, are they investments? What is pre construction, we go through the whole process How to pick a good project & What happens when a project goes south  What investment strategy works best  If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

The city of Toronto just legalized fourplexes, they made it legal to put 4 units in neighbourhoods lot in the city of Toronto without development charges. We look at how this legislation will affect housing supply, affordability & more.  Decline in household size vs. increase in sqft How many empty bedrooms there are in Canada How long will it take to see meaningful change  If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

We have Patrick Cosette on to chat about his best strategies for your corporate taxes, he also shed his insights the smith maneuver.   GST/HST vs Income Tax vs Payroll Tax OPEX vs CAPEX (applies to both personal & Corporate) What is the Smith Maneuver & is it worth it  If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com Sign up for our Course  Course Sign up for the  Newsletter Meetups  meetups Merch  merch Get a Pre Approval G & H Mortgage Group Work with Landbank LandBank Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.