Keith Uthe

INVESTORS BEWARE!! You may have heard that the Government is proposing new tougher qualifying criteria for investors. Below is an article that goes into detail. The Ministry of Housing and Diversity and Inclusion, in partnership with the Canada Mortgage and Housing Corporation (CMHC), is concerned with the amount of speculation (investing in rental properties) which they believe has led to Canadians overbidding on homes and borrowing more than they can afford (which is rath...er counter-intuitive as borrowers still have to meet the governments qualifying criteria to get a mortgage). That’s why our government is looking at every tool at our disposal to tackle these challenges head-on. That includes the Fairness in Real Estate Action Plan, the statement read. By developing policies to curb excessive profits in investment properties, protecting small independent landlords and Canadian families, and reviewing the down payment requirements for investment properties, we are targeting the issues the market is facing from multiple angles. Some of the proposals are: Increasing the down payment on investment properties anywhere from 25% to 35% down. Elimination of using borrowed funds for the down payment to purchase a rental property. As of now, we do not know when these rules will be imposed or the exact structure Please review this article before the rules change. https://apple.news/AFq5K77fFT1OG5Ro4HWwH7g Now, this may make investors unhappy but the government is trying to level the playing field for residential buyers. This will make it easier for residential buyers to purchase a home. Now they need to do something specifically for first-time buyers. Let’s hope that will come soon.

Calgary Votes to extend Secondary Suite Amnesty to Dec 31, 2023.

With some water and sunshine to help grow emerging parts of our Economy we can again become a stable mighty Oak for Canada

I discovered in this interview with Michelle Nedlec that her conversations are like a box of chocolates. You never know where it is going to go. It was a lot of fun and am so appreciative of opportunity.

Lumber edging towards losing half of its peak price as consumers finally cut the cord.

This is critical information for business owners and real estate investors. in Canada

When looking at market predictors this information can be very useful in your planning for entry or exit strategies.

Are you ready to take action?

The ups and downs of our current economy

As most of you know, my personal vision is that 'Everyone Shall Live a Life of Abundance'. I am always seeking ways that will help me be successful in fulfilling that vision in what I do as a mortgage broker and real estate investor. As I learn and grow I have now advanced my Real Estate Investment Advisor coaching service to that of a Certified FLP (Financial Life Professional). This has enabled and taught me to ensure my own financial plan is organized and bulletproof so th...at I may live a financial life by design rather than by accident. I am extremely pleased to continue to offer the REIA coaching along with the FLP coaching services. These both compliment my Mortgage Broker services and my recently completed Smith Manouevre Certified Professional designation. I am very happy to bring all of this knowledge and certifications together in one place for my clients so that they may also live a Financial Life by Design. If you would like to start or accelerate working towards your dream of wealth and abundance, let's have a conversation. There will be more to come on these topics and I look forward to connecting with you all. https://keithu.prepareyourlegacy.com/

Early Renewal or Refinance... How do I decide?

Rhetoric is one thing actual statistics are another Some very good indicators int his article. If you are waiting for a crash to 'Get a deal' it just may never come.

As most of you know, my personal vision is that 'Everyone Shall Live a Life of Abundance'. I am always seeking ways that will help me be successful in fulfilling that vision in what I do as a mortgage broker and real estate investor. As I learn and grow I have now advanced my Real Estate Investment Advisor coaching service to that of a Certified FLP (Financial Life Professional). This has enabled and taught me to ensure my own financial plan is organized and bulletproof so th...at I may live a financial life by design rather than by accident. I am extremely pleased to continue to offer the REIA coaching along with the FLP coaching services. These both compliment my Mortgage Broker services and my recently completed Smith Manouevre Certified Professional designation. I am very happy to bring all of this knowledge and certifications together in one place for my clients so that they may also live a Financial Life by Design. If you would like to start or accelerate working towards your dream of wealth and abundance, let's have a conversation. There will be more to come on these topics and I look forward to connecting with you all. https://keithu.prepareyourlegacy.com/

Evictions for Non-Payment of Rent can proceed with conditions On March 27, 2020 the Minister of Service Alberta issued several Ministerial Orders related to Residential Tenancies. No forced evictions were allowed during the month of April 2020.... Landlords were required to work with tenants who were unable to pay all, or a portion, of their rent as a direct result of COVID-19 and enter into a payment plan. All tenants were required to pay their rent in full. If they were unable to pay their rent in full or in part they had to enter into a payment plan with their landlord. Those tenants who: refused to pay their rent, or who refused to enter into a payment plan, or who entered into a payment plan and failed to abide by the terms of the plan could face eviction beginning on May 1st. As of May 1st, landlords seeking to evict a tenant for the non-payment of rent may only do so if you can satisfy the court that the conditions set out in #4 above apply. You want to ensure that you have documentation to support this. If you do not, then you may not be successful in your application to terminate the tenancy. Late Payment Fees or Penalties Prohibited between April 1 and June 30, 2020 See Ministerial Order SA:003/2020 https://open.alberta.ca//sa-mo-2020-003-late-payment-fees- The landlord shall not charge a fee or penalty for late payments of rent or non-payment of rent by tenants between April 1 and June 30, 2020. This includes: the imposition or charging of late fees or penalties period between April 1 and June 30, 2020, and the enforcement or collection of late fees or penalties charged on or after July 1, 2020 for the period between April 1 and June 30, 2020 . Rent Increases See Ministerial Order SA:006.2020 https://open.alberta.ca//sa-mo-2020-006-rental-increases.p If a fixed term tenancy expires or has been terminated, but the same parties have entered into or are entering into a new residential tenancy residential tenancy agreement to the same residential premises and such agreement contains an increased amount of rent payable by the tenant, the rental payment in the expired or terminated tenancy agreement shall continue for the duration of the Ministerial Order. Any increased amount of rent will come into effect when the Ministerial Order lapses. All other terms in the new tenancy agreement shall remain in full force and effect No new rental rate increases or pre-existing rental rate increases scheduled to take effect are allowed until the Ministerial Order lapses, at the earliest of the following, unless it is continued under the Health Emergency: August 14, 2020; 60 days after the termination of the public health emergency by the Lieutenant Governor, if it is terminated before June 15, 2020; When the Ministerial Order issued by the Minister is terminated because the Minister is satisfied that this Order is no longer in the Public Interest; When this Order is terminated by the Lieutenant Governor in Council.

Do the stock markets have you scared? Real Estate may be the most secure investment for you. Let's have a conversation to discuss the problem you face. Send me a private message. https://www.cnbc.com//americans-down-on-stocks-say-real-es

Real Estate Investors need to keep their eyes open for opportunity.

I was deeply honored to receive the 2019 Real Estate Professional of the Year Award from the Real Estate Investment Network as well as being a finalist for the Michael Millenaar Leadership Award. #realestateinvestment #reincanada #reincal #realestateprofessional #leadership #mortgageadvice #mortgagebroker

Honoured to be included in the Top 100 in Real Estate Magazine. #toprealestateinvestmentadvisor #realestateinvesting

I find clients can often be confused by Term and Amortization so I had this article created to help provide clarity. #mortgagerates #mortgagescalgary #mortgages #firsttimehomebuyer #mortgagerenewal

Prime Lending Rate Holding Steady.

National improvement is good, however, check the details for your local market.

Keith shares his Real Estate journey: the challenges & pitfalls he encountered & how he overcame it, the strategy that work best for him, how he markets for more leads/ deals & tips he can share to those wanting to be a part of real estate community. Link https://www.bigmarker.com/rei/ssrei1-kuthe?bmid=8e23f34ee1e3... #realestateinvestmentadvisor #investingcalgary #secondarysuitespecialist #secondarysuites #cashflowcalgary #jointventurecalgary #mortgagescalgary

Your Variable Rate mortgage is going to really payoff as the Bank of Canada holds rates again and hints that it will be sometime before it may be able to increase them. #reincanada #mortgagespecialist #mortgagescalgary #mortgagerates #propertyinvesting #cibn