Calgary real estate prospects

[SJW]

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We only import Uber drivers. Not people who are interested in providing useful trades.

This sums up Calgary. No one likes each other.

https://www.youtube.com/watch?v=LfAQYcsZXYw

[Tik-Tok]

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We only import Uber drivers. Not people who are interested in providing useful trades.

I thought all Uber drivers were doctors in their country. With genuine diplomas from the Netaji Subhash Chandra Bose University.

[ercchry]

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lol good luck.

I just want the CRA to attach people’s names to their T4s when viewed in MyCRA… why is that asking too much?!

[Twin_Cam_Turbo]

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We only import Uber drivers. Not people who are interested in providing useful trades.

10/10 reference.

[KrisYYC]

How many SFH are owned by corporations in Canada anyway?

And most of the things in this housing plan are for renters. More protections for renters (even though that's provincial) and incentives for builders to build more homes... for rentals. Cozying up to the NDP voter base it seems.

[ercchry]

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How many SFH are owned by corporations in Canada anyway?

Some… but I’d say most are just tax shelters for primary residences/second properties (if there even is a benefit to a hold co in that case?)

[ExtraSlow]

If you 8wn rental properties, doesn't it pay to incorporate? Even if you are one dude?

[killramos]

id incorporate just for the liability protection

[dirtsniffer]

I'd probably suite my basement if the terms are good. Loan is only up to $40k.

[arcticcat522]

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If you 8wn rental properties, doesn't it pay to incorporate? Even if you are one dude?

Majority of the time, I doubt it. Would need more than a couple to make ot worth while.

[ExtraSlow]

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id incorporate just for the liability protection

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Majority of the time, I doubt it. Would need more than a couple to make ot worth while.

Well now you don't need to worry because it'd be illegal.

[Buster]

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How many SFH are owned by corporations in Canada anyway?

And most of the things in this housing plan are for renters. More protections for renters (even though that's provincial) and incentives for builders to build more homes... for rentals. Cozying up to the NDP voter base it seems.

You don't want to see the housing solution that makes purchasing affordable.

Even then, all roads that lead to affordable housing involve a housing crash. By definition.

[ExtraSlow]

Yes that math checks out.

[suntan]

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If you 8wn rental properties, doesn't it pay to incorporate? Even if you are one dude?

Most people suck at being landlords, the only way it's viable for them is to offset the losses against their employment income. If you incorporate the losses are trapped in the corporation and it might take years, if ever, to be able to claim against those losses.

Also you won't be able to claim the cap gains exemption when you sell by pretending to live in there for two years.

[Tik-Tok]

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You don't want to see the housing solution that makes purchasing affordable.

[suntan]

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Each unit is $1.5mm

[Tik-Tok]

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Each unit is $1.5mm

"Any supply will reduce prices!!1!" - people in favour of blanket rezoning

[msommers]

Reddit is full of idiots who unfortunately have equal say

[suntan]

I once got negged into oblivion for explaining price elasticity.

[ExtraSlow]

We all want cheaper houses, as long as the price of our own house only ever goes up.