How different is Canadian Real Estate laws and regulation to American real estate laws and regulations, and any advice on how to find some info but for Canadians?
Thanks for your time
Geanine
I hear its night and day…
If you are in Canada grab a Tim’s coffee and hit Chapters some night after work.
I have done a little reasearch into Canadian real estate because I have been thinking about it myself. It would make a great part of a diversified portfolio. What I do know is that if you hold Canadian property in your name you can only own up to 20 acres worth of real estate.
I think the best route to go would be to have a corporation (or some sort of entity) that owns the real estate and have someone manage it for you. Let me know if you figure anything else out.
The first thing you need to realize about investing in the Socialist Republic of Canada is that property is owned by the commune and you must negotiate with (bribe) the chief in the large igloo if you want to set your animal trips without running the risk of being beheaded at dawn.
Investing concepts are the same between the two countries. There are some minor to major legal differences in how they are done. For example, doing a sub2 through a land trust won’t protect you at all from DOS violation.
<<The first thing you need to realize about investing in the Socialist Republic of Canada is that property is owned by the commune and you must negotiate with (bribe) the chief in the large igloo if you want to set your animal trips without running the risk of being beheaded at dawn.>>
…and, here, I thought that was just in the Blue States!
Keith