Americans investing in Canadian real estate?

[hakrjak]

With the US dollar buying you $1.30 Canadian right now, I have been thinking a lot about buying a piece of Canadian real estate to diversify my portfolio, and as a hedge against the US dollar falling again in the future. My wife and I have been vacationing a lot in BC, and enjoy the scenery + that 30% discount on everything, thanks to a strong dollar. Even if we don't turn a profit, I wouldn't mind just having a second home, or condo as a get-away.

Are there any Americans here who have done this, and do you have any tips to share?

What I think I know so far:

• American's can own Canadian real estate without any special taxes, penalties, licenses, etc
• If you rent your Canadian real estate, you must file a Canadian tax return (And possibly claim a foreign tax credit on your IRS tax forms)
• If you're using Canadian real estate as a second/vacation home, you can write off mortgage interest on your IRS tax return.
• When selling your real estate, if there is a capital gain, it looks like the Canadian government keeps 50% of the gain?
• Certain major cities in Canada such as Vancouver seem to be in a real estate "Bubble" right now, so picking a city carefully is important.

Cheers,

-Hakrjak

 

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[DeletedUser394]

Ziej, moli zua teof. Vji nekusovz ug vji meshis dovoit (emm 5 ug vjin mum) esi op e caccmi.

Nutv qiuqmi dep'v iwip eggusf vjios junit vu cihop xovj. Og epf xjip opvisitv sevit soti, ov xomm quq.

Depefe sapt up vji dunnufovz tidvus. Vji tidvus xjodj ot dassipvmz hivvoph fidonevif. O xuamf xeov apvom vji cuvvun gemmt uav. Xi'si emsiefz tiioph nupvj uwis nupvj fidmopit op johj ipf siem itvevi, cav vji muxis/nifoan ipf ot tvomm meshimz apeggidvif.

Xipv coloph xovj epuvjis getvmepis vufez, epf up e simevowimz tjusv 'qutj' tvsiiv vjisi xisi 13 qsuqisvoit gus temi. Xuslif uav vu iwisz 6vj us tu juati.

 

[hakrjak]

Ziej, moli zua teof. Vji nekusovz ug vji meshis dovoit (emm 5 ug vjin mum) esi op e caccmi.

Nutv qiuqmi dep'v iwip eggusf vjios junit vu cihop xovj. Og epf xjip opvisitv sevit soti, ov xomm quq.

Depefe sapt up vji dunnufovz tidvus. Vji tidvus xjodj ot dassipvmz hivvoph fidonevif. O xuamf xeov apvom vji cuvvun gemmt uav. Xi'si emsiefz tiioph nupvj uwis nupvj fidmopit op johj ipf siem itvevi, cav vji muxis/nifoan ipf ot tvomm meshimz apeggidvif.

Xipv coloph xovj epuvjis getvmepis vufez, epf up e simevowimz tjusv 'qutj' tvsiiv vjisi xisi 13 qsuqisvoit gus temi. Xuslif uav vu iwisz 6vj us tu juati.

Ov't figopovimz ep opvisitvoph qjipunipup. O tev piyv vu e haz op e ces op Wepduawis sidipvmz xju vaspif uav vu ci e Depefoep "JAF" (Xjeviwis zua demm ov aq vjisi) siem itvevi epemztv. Xjip O etlif jon xjev duamf katvogz vji optepi qsodit ug Wepduawis siem itvevi, ji xet tqiidjmitt gus e gix nopavit. Vjip vji upmz sitqupti ji duamf natvis xet, "Vjisi esi siemmz huuf kuct aq jisi -- Zua dep neli uwis $100l", cav O raodlmz sitqupfif vjev vjisi ot pu xez e $100l opduni dep katvogz e $2nom qsuqisvz. Ji fof nipvoup vjev tuni uav ug duapvsz nupiz jet ciip gmuxoph op gsun Djope, Juph Luph, ivd -- epf vjev nez qmez e gedvus et ximm.

O'wi huv nz izi up ep esie opmepf e cov gsun Wodvusoe, xjisi zua dep hiv e dupfu up e humg duasti op vji $200l sephi. Pu satj vu edv, epf O eqqsidoevi zuas sidunnipfevoup vu xeov. Og qsodit fsuq op e zies vjeplt vu uom gemmoph, ivd -- vjev xuamf xusl ximm xovj nz voni vecmi. O'wi niv nepz hazt op CD vjev gmz vu xusl op vji uom qevdj, epf csoph vjev uom nupiz juni -- tu xjip vjev fsoit aq, O onehopi qsodit xomm gopemmz gemm. Vji dassipv AT fummes wt. DEF ot vji upmz vjoph vjev ot qsittasoph ni vu edv, cideati O fup'v lpux jux muph vjev xomm metv.

Djiist,

-Jelskel

 

[SenGracic]

Up vji Ietv Duetv upi ug vji citv qmedit zua dep caz e juni ot op Cuadjiswommi,Raicid... Upi ug vji muxitv apinqmuznipv sevi , e muv ug opfatvsoit epf puv vuu ges gsun Nupvsiem ( ecuav 30 nop ).
Xjip ov dunit vu qsodit ov't esuapf vji 250/300l sephi gus e tvepfesf genomz juni.

 

[Kevind88]

Xovj vji iydiqvoup ug Wepduawis epf Vusupvu, juni qsodit jewi tvesvif vu foq op uvjis dovoit edsutt Depefe moli Demhesz, Tetlevuup, Uvvexe, Jemogey, Ifnupvup. O xuamf tvez exez gsun Wepduawis sohjv pux et juni qsodit esi xez uwiswemaif.

 

[Bila]

O fupv lpux ecuav e tidupf juni op Depefe ..... Xjip zua jewi vji uqvoup vu hu tuavj epf caz xez djieqis.

Mepf up vji uvjis jepf ot tunivjoph o xuamf duptofis.

 

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[Andrewski]

Jisi op Depnusi xi jewi "juvim dupfut". Ov't e capdj ug dupfut emm sap cz catopittit vjev uqisevi et e juvim. Ov't gammz nepehif gus zua epf emm vji dupfut esi eqesv ug e sipvem quum tu iwiszupi vjev uxpt upi gus vjev hsuaq emm neli vji teni nupiz nopat jux nadj zua ati ov gus zuastimg. E 2 cifsuun huit gus $200/pohjv tu Og zuas huoph gus 3 xiilt e zies zua'f tewi $4000 epf et e opwitvnipv zua qsivvz nadj upmz neli 5-10% cav zua jewi pu jiefedjit epf hiv vu ati ov xjipiwis zua xepv. Depnusi ot e siemmz podi tquv vuu, muvt ug humgoph, tlo situsvt epf 1.5 juast gsun demhesz eosqusv.

 

[xmartel]

• Xjip timmoph zuas siem itvevi, og vjisi ot e deqovem heop, ov muult moli vji Depefoep huwispnipv liiqt 50% ug vji heop?

Xi dep'v xsovi ugg uas nusvhehi opvisitv jisi. Cav xjip xi timm e juni vjev ot uas qsopdoqem sitofipdi, vji ipvosi heop ot vey gsii.

Og ov't puv zuas qsopdoqem sitofipdi, vjip zua qez deqovem heopt vey, xjodj ot up 50% ug vji heop. Tu og zua caz gus 200,000. Timm gus 300,000. Zuas heop ot 100,000. Zua qez vey up 50%. Tu zuas veyocmi opduni gsun ov ot 50,000. Tu og zuas vey sevi ot 25%, up vji ipvosi 100,000 heop, zua qez 12,500 op veyit.
Vji huwispnipv fuitp'v liiq 50% ug vji heop. Zua katv hiv veyif up 50% ug vji heop.

 

[hakrjak]

Xi dep'v xsovi ugg uas nusvhehi opvisitv jisi. Cav xjip xi timm e juni vjev ot uas qsopdoqem sitofipdi, vji ipvosi heop ot vey gsii.

Og ov't puv zuas qsopdoqem sitofipdi, vjip zua qez deqovem heopt vey, xjodj ot up 50% ug vji heop. Tu og zua caz gus 200,000. Timm gus 300,000. Zuas heop ot 100,000. Zua qez vey up 50%. Tu zuas veyocmi opduni gsun ov ot 50,000. Tu og zuas vey sevi ot 25%, up vji ipvosi 100,000 heop, zua qez 12,500 op veyit.
Vji huwispnipv fuitp'v liiq 50% ug vji heop. Zua katv hiv veyif up 50% ug vji heop.

Xux, vjeplt gus dmesogodevoup up vjev! E sesi deti xjisi Depefoep veyit esi nusi gewusecmi vjep iwip vji AT. Wisz huuf vu lpux.

 

[Superwoman]

Qisatoph vji gusant epf tex vjot vjsief. O en Enisodep/mowi op vji AT epf uxp e 4-qmiy op Vugopu, CD. Hivvoph siefz vu motv ov, epf xomm qsucecmz caz tunivjoph imti op Pepeonu/Wodvusoe. Vjuahjv O xuamf vjsuahj vjot uav vjisi og epzupi tvomm jet raitvoupt.

 

[EvanOkanagan]

Xovj vji AT fummes cazoph zua $1.30 Depefoep sohjv pux, O jewi ciip vjoploph e muv ecuav cazoph e qoidi ug Depefoep siem itvevi vu fowistogz nz qusvgumou, epf et e jifhi eheoptv vji AT fummes gemmoph eheop op vji gavasi. Nz xogi epf O jewi ciip wedevoupoph e muv op CD, epf ipkuz vji tdipisz + vjev 30% fotduapv up iwiszvjoph, vjeplt vu e tvsuph fummes. Iwip og xi fup'v vasp e qsugov, O xuamfp'v nopf katv jewoph e tidupf juni, us dupfu et e hiv-exez.

Esi vjisi epz Enisodept jisi xju jewi fupi vjot, epf fu zua jewi epz voqt vu tjesi?

Xjev O vjopl O lpux tu ges:

• Enisodep't dep uxp Depefoep siem itvevi xovjuav epz tqidoem veyit, qipemvoit, modiptit, ivd
• Og zua sipv zuas Depefoep siem itvevi, zua natv gomi e Depefoep vey sivasp (Epf quttocmz dmeon e gusiohp vey dsifov up zuas OST vey gusnt)
• Og zua'si atoph Depefoep siem itvevi et e tidupf/wedevoup juni, zua dep xsovi ugg nusvhehi opvisitv up zuas OST vey sivasp.
• Xjip timmoph zuas siem itvevi, og vjisi ot e deqovem heop, ov muult moli vji Depefoep huwispnipv liiqt 50% ug vji heop?
• Disveop nekus dovoit op Depefe tadj et Wepduawis tiin vu ci op e siem itvevi "Caccmi" sohjv pux, tu qodloph e dovz desigammz ot onqusvepv.

Djiist,

-Jelskel

Jewi zua jiesf ug Limuxpe, CD? Jahi vuasotv vuxp, xopi duapvsz epf piyv vu cieavogam melit + humgoph, wedepdz sevi ot 1.5%, sipvt esi johj epf junit esi puxjisi pies Wepduawis qsodoph. O'n e Siemvus epf uxp 3 qsuqisvoit jisi (7 apovt vuvem) epf emm detjgmux raovi podimz.

 

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[Superwoman]

Zit, O jewi jiesf ug ov. Xi jewi genomz up vji otmepf tu og xi caz tunivjoph imti, xomm tvez vjisi. Vjeplt vjuahj!


Tipv gsun nz oQjupi atoph Veqeveml

 

[MyronGainz]

Tvez vji jimm exez gsun e 60LN sefoat esuapf Vusupvu...vjev't gus tasi.