Real Estate auctions in Canada

Real Estate auctions in Canada happen in different ways. One of the powerful way of marketing is real estate auctions in Canada. It is another secret for Canadian professional real estate investors. 

Real estate auctions in Canada are a great way to get a deep Real Estate auctions in Canadadiscount on real estate. There are highly motivated Canadian property owners who sell their properties at auctions due to circumstances. Here are the following Canadian real estate property owners or their representative who market their properties by auctions.

  1. Executors
  2. Retiring / Downsizing
  3.  Health Issue
  4. Owners of over-improved properties
  5. Owners of vacant properties
  6. Owners of multiple properties
  7. Owners who have listed with no result
  8. Farm land
  9. Acreage
  10. Bankruptcies

These real estate auctions in Canada included farmland, condominiums, commercial & industrial properties, as well as private homes.

But, Real estate auctions in Canada do have a catch. The Canadian real estate property may be non-financeable by charter banks of Canada. If the property is non-financeable then the entire purchase price must be paid in cash, plus the buyer’s premium, plus closing costs.

Getting title insurance on the property can be challenge. Real estate auctions in Canada properties are sold as is, where is.

But, putting those aside, buying a Canadian real estate property in Canada in auction can help you reap huge rewards.

For example, an Alberta home worth $3.9 million was sold for $1.7 million. That’s less than half of the houses original value. The same thing happened with a house down the street, where a $2.9 million mansion was sold at a 62% discount.

A Victoria mansion was attracting 2,000 people for tours of the home and despite that only one bidder came forward. The price for the mansion was negotiated in private, but it is very likely the bidder got a very good deal.

A mansion at 40 Park Lane Circle, worth $23 million, was more than 21,000 square feet drew a lot of bids before selling for a bargain price of $13.4 million

If you haven’t notice by now, there is a trend between auctions and good deals on properties, and that’s why they’re such a good place to get deep discounted real estate.

List of upcoming Real Estate Auctions in Canada

Would you like to receive a list of upcoming Canadian real estate auction properties? Please fill up the following form and reconfirm your email. Also add preigCanada@gmail.com in your address book.

First Name*
Email*
Canadian Cell Phone*

You may be wondering “why would anyone sell their home at an auction” but there is a good reason why?

In Real estate auctions in Canada, the Canadian property seller sets all of the sale terms, to the deposit amount and close date, all viewing dates are pre-set, and all offers are firm without any conditions. Canadian real estate auction allows a lot more control to the seller which some people value.

Canadian municipal tax sale properties are also sold at auctions, and often are very promising.

Canadian real estate investors need to learn different stratgies, techniques and know how by attending Canadian real estate investors apprenticeship as well as eye witness LIVE training in real life.

Auctions can be beneficial to Canadian real estate investors and the seller. The buyer gets a great deal on the property while the Canadian property seller gets control and has the property sold.

Canadian Real Estate Investment Strategies Apprenticeship (CREISA)

Canadian Real Estate Investment Strategies Apprenticeship (CREISA)

Canadian Real Estate Investment Strategies Apprenticeship (CREISA) is two  day intensive program where each apprentice whether being a novice or a seasonal investor will learn the fundamentals of investing in real estate with minimum liability and maximum profitability.

Canadian Real Estate Investment Strategies Apprenticeship (CREISA) is designed with the combined experience of 70 years of real estate investing where you will learn over 30 different strategies/techniques, and over 6 no money down secrets through a hands-on, in the trenches approach to learning. It is proven that the best way of learning is not by reading, or by the audio/video but through hands-on training where one can retain up to 90% of the information.

Canadian Real Estate Investment Strategies Apprenticeship (CREISA) will begin by teaching you the basics to very sophisticated investing tools and techniques which can empower you to start making money up front instead of by using the conventional way which involves risks and opens you to be subject to the ups and downs of the market.

We have taken out the words speculation, gambling, and risk completely from this apprenticeship, and provide a positive, optimistic and legal way to make large income.

What would you learn at Canadian Real Estate Investment Strategies
Apprenticeship (CREISA)

  • Top 30 Canadian real estate investment strategies
  • Top 10 Canadian tax savings techniques for real estate investors
  • Top 5 Canadian forgivable grants for Canadian real estate
  • Top 10 sources where Canadian panic sellers call you to sell their property at a discount.
  • Top 10 sources for finding deep discounted Canadian real estate deals
  • Marketing on steroids automatic lead generator
  • Over 50 steps of Due Diligence
  • How to make an instant profit now and passive income for life
  • Creative financing with no credit, no job and no money down
  • Setting up your Canadian real estate investment business
  • How to find top Canadian real estate professionals

The Non-Requirements for Canadian Real Estate Investment Strategies Apprenticeship (CREISA).

For you to attend the Canadian Real Estate Investment Strategies Apprenticeship (CREISA) you DO NOT need to have:

  • Good credit.
  • A full time job.
  • Large capital.
  • Any qualifications or educational background

All you need is the determination and desire to learn and achieve your goals. You will start using the knowledge you have obtained in this apprenticeship the minute you step out of the room.

Once you finish the apprenticeship, networking and support will be provided to you to ensure your continued success. We already have an exclusive network of over 17,000+ Canadian Real estate investors from coast to coast which will be at your disposal.

To receive more information on future real estate events, please fill out this form and submit it. Upon submission, you would receive an email and would be asked to confirm your email address. Also, add nav4164097300@gmail.com to your address book in order to receive future updates.



How will this Canadian Real Estate Investment Strategies Apprenticeship (CREISA) Benefit me?

There will be networking meetings held to enhance your acquired skills and knowledge.

During the Canadian Real Estate Investment Strategies Apprenticeship (CREISA), there will be no case studies instead, there will be calls coming from panic property sellers where you will learn how to handle the calls, write up an offer and complete the transactions professionally.

This is the most powerful real estate investors training/seminar /boot camp/apprenticeship where you will be armed with education, knowledge and networking abilities.

Pay FULL tuition fee and receive the following at no charge

  1. We will provide you deep discounted Canadian real estate leads for 60 days ( value $1998)
  2. 10 days of email support (Value $1998)
  3. Homework-Marketing on steroids, preparation for apprenticeship (value $1998)
  4. One hour consulting with Canadian real estate Expert Mentor  (Value $1998)
  5. Eye witness, boots on the ground field LIVE training (value $1998)
  6. Two days of high-value intensive training LIVE over 30 strategies ( value $9998)

Date: July 27-28th, 2019 Saturday & Sunday SOLD OUT

Dec 14th-15th, 2019 Saturday & Sunday

Time: 8:30 am – 10:45 pm

Venue: Toronto-Ontario, Canada

This is the most powerful real estate investors training/seminar /boot camp/apprenticeship where you will be armed with education, knowledge and networking abilities. For more information about this apprenticeship and upcoming times and locations, send us an email at nav4164097300@gmail.com or call Pam at 1-647-393-6100

Dates: Please call 1-416-409-7300

Total Value $19,900.00

SPECIAL  = $4998.00 plus taxes

To Register, $999.99 non-refundable deposit required
20, 10 seats available. Would you like to add your name to the waiting list?
Learn More to Earn More..
Reserve your seat now for next apprenticeship 
Deposit $999.99 only!

Reserve your seat now!

Trainers for apprenticeship

Brian Madigan LL.B.

Canadian Real Estate litigation adviser, mediator, arbitrator and trainer.

• Practiced law in Canada for  more than 25 years, over 1,000 court appearances, published over 1,200 articles on Canadian Real Estate
• Appears in court as a Canadian Real Estate Expert
• Over 5,000  Canadian Real Estate transactions
• Speaker, Canadian Bar Association; Lecturer, Law Society of Upper Canada; Instructor Bar Admission Course, Instructor for World Wealth Builders, Flipping4Profit.ca and Professional Real Estate Investors Group(PREIG)  Canada.

Speaker, Canadian Bar Association; Lecturer, Law Society of Upper Canada; Instructor for Bar Admission Course, Instructor for World Wealth Builders and Professional Real Estate Investors Group(PREIG)  Canada and Flipping4Profit.ca

Navtaj Chandhoke

Canadian Real Estate investor since 1981, author, master trainer & keynote speaker

Founder: Canada’s largest REI Club preigCanada.com

Coaching and training investors since 1993

Commended by RCMP & various organizations

Guest Speaker at University of Toronto

Field training in

BC Supreme court-Vancouver-BC

Nova Scotia Supreme court-Halifax-NS

Alberta Supreme Court-Calgary-AB

The superior court of Justice-Toronto-Ont

Economic Development Officers-Cities

Shared Stage with Canada’s RE tycoons, Mr. Wonderful Kevin O’Leary (CBC Dragons Den), Jay Abraham, Stephen Young (Former CFL)

Empowered over 500,000+ Canadians real estate investors since 1993.

Navtaj Chandhoke

P.S. Take Action now to attend the eye-opening Canadian real estate investment crash course seminar and walk away with confidence, knowledge, and specific “action ideas” that can help you achieve your dreams and leave the rat race behind.

P.S.2 Successful people don’t hesitate. They spot a great opportunity and swiftly seize it. So get off the fence, stand up for the life you know you deserve and take some action…So go ahead and snap up one or two spots for apprenticeship.

Empowering Canadian Real Estate Investors since 1993

We are also Canadian private hard money lenders. We can offer you multiple solutions to resolve any situation. We can also do short term small private mortgage if required.

We can HELP !! We also BUY HOUSES. Please call:

 

P.S. Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful. If you don’t know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Are you a Canadian real estate Investor? Join Canada’s largest real estate investors club now.

Share at Social Media

Ontario tax sale properties Windsor

Jul 25,2018 Ontario tax sale properties Windsor sale of land by public tender

The Corporation of the City of Windsor

 

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on July 25, 2018 at City of Windsor, 350 City Hall Square West, 1st Floor, Windsor, Ontario N9A 6S1. The tenders will then be opened in public on the same day at 3:30pm local time at 400 City Hall Square East, Suite 409, Windsor, Ontario.

Description of Land(s):

1) 2275 Wellesley Avenue

plan 1119 BLK D; john 22NDcentre; educational centre

Registration PIN #: 01323-0299 (LT) Roll # 3739-020-300-12800-0000 Minimum Tender Amount:

$56,627.06

2) 978 Hall Avenue

plan 579 lot 337

Registration PIN #: 01147-0106 (LT) Roll # 3739-030-230-09700-0000 Minimum Tender Amount:

$20,229.86

3) 3521 Queen Street

plan 624 lot 91 N PT lot 92

Registration PIN #: 01255-0233 (LT) Roll # 3739-050-190-11900-0000 Minimum Tender Amount:

$18,327.69

4) 3341-3343 Peter Street

plan 548 lot 18

Registration PIN #: 01253-0044 (LT) Roll # 3739-050-210-02100-0000 Minimum Tender Amount:

$25,519.97

5) 0 Roxborough Boulevard

plan 1325 lot 392

Registration PIN #: 01555-3458 (LT) Roll # 3739-080-620-06600-0000 Minimum Tender Amount:

$4,353.85

6) 0 Curry Avenue

plan 557 PT BLK K: RP 12R13609 parts 9 to 16 Registration PIN #: 01314-0747 (LT) Roll # 3739-080-600-11704-0000 Minimum Tender Amount:

$3,453.82

7) 0 Askin Avenue

plan 989, PT closed alley, RP 12R20883 part 28 Registration PIN #: 01581-0646 (LT) Roll # 3739-080-500-05303-0000 Minimum Tender Amount:

$3,482.72

Ontario tax sale properties Windsor

8) 3661 Queen Street

plan 624 lot 123; N PT lot 124 Registration PIN #: 01256-0140 (LT) Roll # 3739-050-180-07000-0000 Minimum Tender Amount:

$10,506.23

9) 1420 Redwood Avenue

plan 1059 E PT lot 1737; W PT lot 1738 Registration PIN #: 01246-0380 (LT) Roll # 3739-050-440-09800-0000 Minimum Tender Amount:

$22,001.43

10) 1291 George Avenue

plan 754; lot 2 & PT lot 1; plan 630; PT lot 24 Registration PIN #:01098-0283 (LT) Roll # 3739-010-190-16500-0000 Minimum Tender Amount:

$41,024.54

11) 0 Tranby Avenue

plan 835 lots 321 TO 350; PT closed alley PT lots 351 TO 377 PT fairview AVE; parts 4,5,6,7&9 Registration PIN #: 01564-2255 (LT) Roll # 3739-060-300-03001-0000 Minimum Tender Amount:

$75,034.66

12) 273 McEwan Avenue

plan 593 S PT lot 28

Registration PIN #: 01228-0309 (LT) Roll # 3739-050-030-05500-0000 Minimum Tender Amount:

$45,955.64

13) 0 Avon Drive

plan 1361 PT lot 385 & 386

Registration PIN #: 01574-0114 (LT) Roll # 3739-080-110-15601-0000 Minimum Tender Amount:

$9,287.26

14) 3524 Bloomfield Road

plan 1072 PT lot 231

Registration PIN #: 01255-0181 (LT) Roll # 3739-050-190-03400-0000 Minimum Tender Amount:

$15,450.93

15) 1028-1030 Drouillard Road plan 619; lot 20

Registration PIN #: 01095-0062 (LT) Roll # 3739-010-100-09800-0000 Minimum Tender Amount:

$42,763.08

16) 0 Wentworth Street

plan 708 lot 323 TO 325

Registration PIN #: 01264-3992 (LT) Roll # 3739-080-830-31200-0000 Minimum Tender Amount:

$3,251.38

17) 1191 Hickory Road

plan 620; lot 42

Registration PIN #: 01094-0087(LT) Roll # 3739-010-130-04800-0000 Minimum Tender Amount:

$15,346.84

Ontario tax sale properties Windsor

18) 781 Erie Street East

plan 360 lots 249 & 250 &

1007-1011 marentette; corner

Registration PIN #: 01165-0411 (LT) Roll # 3739-030-280-11600-0000 Minimum Tender Amount:

$91,040.42

19) 1405-1409 Langlois Avenue plan 430 lot 17 S PT lot 16; corner Registration PIN #: 01157-0850 (LT) Roll # 3739-030-370-06600-0000 Minimum Tender Amount:

$50,488.94

20) 0 Jarvis Avenue

plan 1472 PT BLK B PT BLK C

Registration PIN #: 01597-0269 (LT) Roll # 3739-060-460-16001-0000 Minimum Tender Amount:

$19,829.68

21) 3190 Locust Court

plan M109 lot 43; irregular

Registration PIN #: 01392-0053 (LT) Roll # 3739-070-970-04400-0000 Minimum Tender Amount:

$32,435.46

22) 340 Crawford Avenue

plan 510 lot 1; & R O W

Registration PIN #: 01197-0006 (LT) Roll # 3739-040-140-04000-0000 Minimum Tender Amount:

$18,164.13

23) 0 Pelissier Street

plan 256 BLK 4 W PT lot 16

Registration PIN #: 01190-0357 (LT) Roll # 3739-040-310-03300-0000 Minimum Tender Amount:

$16,858.45

24) 8040 Molnar Crescent

plan M181 lot 26; subject to easement; irregular

Registration PIN #: 01383-0026 (LT) Roll # 3739-070-780-03226-0000 Minimum Tender Amount:

$21,564.98

 

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

Ontario tax sale properties Windsor

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

Information regarding prescribed forms and tender packages can be found on the City of Windsor’s web site.Keyword Search: property tax sale.

Any additional questions regarding this property tax sale please call 311 (Windsor area) or 519-255-2489 (surrounding county) or 1-877-746-4311 (long distance)

Changes to Ontario Syndicated Mortgages

Changes to Ontario syndicated Mortgages
transactions take effect July 1, 2018. Professional real estate investors shall become aware of these changes to Ontario syndicated mortgages.

What is a Syndicated Mortgage

A syndicated mortgage is where several
investors combine funds together to
create one financial instrument:
a mortgage. When you invest in a
syndicated mortgage, you are pooling
your money with others to create a
mortgage that will be registered
and secured directly with the land
or building that’s associated with
that mortgage.

Changes to Ontario syndicated Mortgages

Changes to Ontario syndicated Mortgages

 

 

 

 

 

 

 

 

 

The Government of Ontario has made regulatory amendments to O. Regulation 188/08 Mortgage Brokerages Standards of Practice[New Window] under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA)[New Window] that affect non-qualified syndicated mortgages.

Changes to Ontario Syndicated Mortgages

Under the MBLAA, mortgage brokerages are already required to take reasonable steps to ensure that a mortgage or an investment in a mortgage is suitable for a client (i.e., borrower, lender or investor) based on the needs and circumstances of the client. Brokerages are also required to provide clients with certain disclosures, including written disclosure of the material risks of a mortgage or investment in a mortgage.

As of July 1, 2018, mortgage brokerages that deal with non-qualified syndicated mortgage transactions will have to comply with expanded requirements.

Developers and builders use syndicated mortgages
as part of their financing to take a project
from conception to completion—and this is
where the risk lies.

Since banks are not
too keen on funding a building project
that hasn’t even started, developers
will rely on syndicated mortgages to
cover soft costs: consultant fees,
zoning permits, architecture costs
and even marketing and sales expenses.

All this is to say that the mortgage
you’ve provided is funding the initial
stages of a project not the actual
building of the project.

 What is a non-qualified syndicated mortgage?

A non-qualified syndicated mortgage is generally a more complex, higher risk product that may not be suitable for the average investor. Non-qualified syndicated mortgages are all syndicated mortgages that do not meet the regulatory definition of a qualified syndicated mortgage.

What is a qualified syndicated mortgage?

As defined in the amended regulation [New Window], as of July 1, 2018, a qualified syndicated mortgage is a syndicated mortgage that meets all of the following criteria:

It is negotiated or arranged through a mortgage brokerage.
It secures a debt obligation on property that,

is used primarily for residential purposes,
includes no more than a total of four units, and
if used for both commercial and residential purposes, includes no more than one unit that is used for commercial purposes.

At the time the syndicated mortgage is arranged, the amount of the debt it secures, together with all other debt secured by mortgages on the property that have priority over, or the same priority as, the syndicated mortgage, does not exceed 90 per cent of the fair market value of the property relating to the mortgage, excluding any value that may be attributed to proposed or pending development of the property.

It is limited to one debt obligation whose term is the same as the term of the syndicated mortgage.

The rate of interest payable under it is equal to the rate of interest payable under the debt obligation.

(3) A syndicated mortgage that secures a debt obligation incurred for the construction or development of property is not a qualified syndicated mortgage.

What is changing?

As of July 1, 2018, mortgage brokerages that deal with non-qualified syndicated mortgage transactions will be required to:

Collect and document specific information related to a potential investor’s or lender’s financial circumstances, needs and risk tolerance using a new FSCO form.

Undertake and document a suitability assessment, using specific criteria, for each potential investor or lender using a new FSCO form.

Collect and document expanded disclosure information using a new FSCO form. This includes information regarding the property appraisal and, in the case where the borrower is not an individual, the borrower’s financial statements.

Observe a $60,000 limit on non-qualified syndicated mortgage investments over a 12-month period for investors or lenders who are not part of the ‘designated’ class of investors or lenders. The regulation defines the designated class of investors or lenders as those that have already met higher income and asset tests.

Report written complaints received by the brokerage related to non-qualified syndicated mortgages to FSCO’s Superintendent of Financial Services within 10 business days.

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

July 26, 2018

under and by virtue of a Writ of Seizure and Sale issued out of the Superior Court of Justice at Sheriff of the Regional Municipality of Parry Sound to me directed, against the real and personal property of Juan Guillermo Gutierrez and Juan Arturo Gutierrez, Respondents (Judgment Debtors), at the suit of Margaret Castillo, Applicant (Judgement Creditor), I have seized and taken in execution all the right, title, interest and equity of redemption of Juan Guillermo Gutierrez and Juan Arturo Gutierrez in and to: PT LT 29 CON 6 humphrey PT 2 42R5848; PT shore RDAL in front LT 29 CON 6 humphrey PTS 1 & 2 42R19805 (closed by by-law 2014-012 as in GB71242); township of seguin: municipally known as 174 Hamer Bay Rd, Seguin Township, Ont

All of which said right, title, interest and equity of redemption of Juan Guillermo Gutierrez and Juan Arturo Gutierrez, respondents in the said lands and tenements described above, I shall offer for sale by Public Auction subject to the conditions set out below at, 89 James Street, Parry Sound, Ontario P2A 1T7 on July 26th 2018, at 10:00 a.m.

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont conditions:

The purchaser to assume responsibility for all mortgages, charges, liens, outstanding taxes, and other encumbrances. No representation is made regarding the title of the land or any other matter relating to the interest to be sold. Responsibility for ascertaining these matters rests with the potential purchaser(s).

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont terms:

Deposit 10% of bid price or $1,000.00, whichever is greater

Payable at time of sale by successful bidder

To be applied to purchase price

Non-refundable

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Ten business days from date of sale to arrange financing and pay balance in full at 89 James Street, Parry Sound, Ontario P2A 1T7 705-746-4237 All payments in cash or by certified cheque made payable to the Minister of Finance.

Deed Poll provided by Sheriff only upon satisfactory payment in full of purchase price.

Other conditions as announced.

this sale is subject to cancellation by the sheriff without further notice up to the time of sale.

Note: No employee of the Ministry of the Attorney General may purchase any goods or chattels, lands or tenements exposed for sale by a Sheriff under legal process, either directly or indirectly.

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Date: June 4th 2018.

Wendy Schroeder

89 James Street

Parry Sound, ON P2A 1T7

705-746-4237