Can someone tell me why Canadian interest rate terms typically max out at 5 years? Done a bit of google searching and can't find a decent answer as to why we don't have access to a 30 year fixed mortgage like they do in the states.

Hey Everyone, I am a residential contractor looking to invest in value add properties (BRRR Method) and I am wondering if anyone has experience investing and renovating in C&D class neighborhoods? I have found that these lower tier neighborhoods are where you will find the properties that pencil out the best for flips and BRRRs given their low purchase price. My question is if anyone has had success finding A&B class tenants to rent in an undesirable neighborhood if you have added significant value to the property? Or do you just end up with bad tenants in a nice property? Looking to invest in Winnipeg. Thanks

Hello to the community, I'm excited to join the conversations here. I will be getting the keys to my first home which is 30 minutes outside of Victoria BC. I currently work for a finish carpentry company, and would like to take on the majority of the work ( trim, drywall, painting, siding, tiling) at my new home. I intend on starting my own company , and would like to add a suite to the garage, as well as possibly another small home on the property. Very unique situation with the home, it was sold as 0 bedrooms because the shop does not have final occupancy. The property is on well and septic (septic has no permit currently). I will need to update the septic to do any permitted construction, and I've read that you can't have an ADU if you're on a well. I hope to write-off some of the expenses for my renovations, but will not be making rental income just yet, so no I don't know if I'll be able to do it through a rental income business , but if I "hired myself" as the carpentry company to do the work, would that be the easiest way to write off some of the materials and expenses? Sorry that's a lot but it's a very unique 1 acre property, that will have great value when it is done. I'd love to hear any ideas on how to approach these challenges, and will be looking to connect with an accountant or someone who may be able to advise me on some of my future challenges.

Hey guys, I'm a carpenter in Saskatchewan and I'm very new to real estate investing (looking to buy my first property that isn't my residence). I'm curious if anyone has experience with not only forcing appreciation on a property, but also on a neighborhood? I live in an area in Saskatchewan where I could buy a dump for $30,000 and rent it out for $1,200 tomorrow, but I'd be dealing with a lot of riff raff, possible angry neighbors, damages, possible drugs etc. Or I could spend 4-5x that and do some extensive screening, hopefully get some decent tenants, and only get$300 more. But I wouldn't be contributing to the riff raff problem which really appeals to me. I would like to be part of the solution, not part of the problem. But I also don't have the funds to be buying the more expensive properties right now. So I guess in a long winded way I'm wondering A) If you guys think it's worth it to slum out a property for a short time to get started? B) Have you guys seen any success in Changing a C class area to a B by investing in it, doing diligent screening and property improvements, and basically forcing the non contributing members to leave by not providing housing to them? Thanks Mitch