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The real stimulus | Columnists | Larry MacDonald | Canadian Business Online

Author: admin / Category: Canadian Economy, National News, Ontario Economy

At the federal level, the corporate tax rate in Canada currently stands at 19%, down from 22.1% in 2007. The rate is scheduled to fall further, to 18% in 2010, 16.5% in 2011 and 15 per cent in 2012. Similar cuts are occurring at the provincial level. In Ontario, for example, the McGuinty government is planning to lower the general corporate income tax rate from 14% to 10% by 2013.

If these planned reductions are not cancelled, we should end up not only with more jobs and capital formation in the economy, but greater revenues for government programs. Lower tax rates don’t necessarily drain the public purse: the incentives to produce, invest and work can offset the lower rate and lead to greater inflows of tax dollars.

via The real stimulus | Columnists | Larry MacDonald | Canadian Business Online.

Inspection Series Part 4 of 6: Electrical System

Author: admin / Category: Handy Tips

Ronn James, ‘Real Estate’s Most Wanted’ and Darren St Jacques of Nook ‘n’ Cranny Home Inspections lead us on a tour of a seller’s house, where the seller has asked Darren to inspect the electrical panel. I would imagine this house is somewhere in Hamilton, ON, Canada. Darren goes over several items:

  • matching wires
  • breakers
  • “double taps”
  • condition of wire
  • signs of overheating
  • condition of cabinet
  • aluminum vs copper wiring

Inspection Series Part 3 of 6: Roofs

Author: admin / Category: Handy Tips

Ronn James, ‘Real Estate’s Most Wanted’ and Darren St Jacques of Nook ‘n’ Cranny Home Inspections lead us on a tour of a seller’s house, where the seller has asked Darren to inspect the roof. I would imagine this house is somewhere in Hamilton, ON, Canada. Darren goes over several items:

  • type of material
  • double and triple shingle layers
  • smiling shingles
  • worn out shingles
  • water getting under shingles

Inspection Series Part 2 of 6: Building Envelope

Author: Daniel / Category: Handy Tips

Ronn James, ‘Real Estate’s Most Wanted’ and Darren St Jacques of Nook ‘n’ Cranny Home Inspections lead us on a tour of a seller’s house, where the seller has asked Darren to inspect the house.  I would imagine this house is somewhere in Hamilton, ON, Canada.  Darren goes over several items:

  • siding
  • window flashing
  • drain tiles (underground)
  • downspouts
  • eavestroughs
  • soffits

Inspection Series Part 1 of 6: Plumbing

Author: Daniel / Category: Handy Tips

Ronn James, ‘Real Estate’s Most Wanted’ and Darren St Jacques of Nook ‘n’ Cranny Home Inspections lead us on a tour of a seller’s house, where the seller has asked Darren to inspect the house.  I would imagine this house is somewhere in Hamilton, ON, Canada.  Darren goes over several items:

  • water meter
  • drains
  • ‘p’-trap
  • aerators
  • fixtures
  • pipes
  • toilet flange
  • flapper
  • toilet tank
  • shutoff valves
  • supply lines
  • ground fault circuit interrupter (GFCI)

Hamilton, ON

Author: admin / Category: Canadian Real Estate, Ontario Real Estate, Real Estate

Most people from Ontario know Hamilton affectionately as ‘Steeltown’.  Other people from surrounding towns such as Ancaster, Binbrook, Glanbrook, Flamboro, Dundas and Stoney Creek use it as a four letter word.  The Province of Ontario recently decided to do away with the Regional Municipality of Hamilton-Wentworth (formerly Wentworth County), and throw everything into the City of Hamilton.

That being said, Hamilton is still a very nice city, with lots of potential.  The Province of Ontario has mandated that every city in Ontario must have 40% of all new development as in-fill.  The City of Hamilton has a lot of buildings that are very much worth rehabilitating, and it has a lot of empty parking lots that are worth replacing with a new building.  Add to that, the city is investing in its downtown core, by providing 5-1/2 year interest free loans as secondary mortgages to incentivize redevelopment and development in the downtown core.  You can definitely find some beautiful pictures of Hamilton’s skyscrapers and other architecture worthy of mention.

If you would like to take a tour of Hamilton, please be my guest.  It has many remarkable neighborhoods, and a lot of character.

Hamilton’s Neighborhoods:

  • Durand – Stately Homes and Mansions…would you like more?
  • Gibson/Lansdale – Working Class Neighborhood (also includes some nice panoramic skyline shots of the harbour)
  • Locke St South and Kirkendale – Gentrified and Neighborhood Shopping District
  • Dundas – Historic Suburb (now) of Hamilton (also includes some streetscapes)
  • Westdale – Upper Middle Class Neighborhood with Large Jewish Community and Many University Students
  • Corktown – a Traditionally Irish Settlement on the Edge of Downtown
  • Stinson – an Old Middle Class Neighborhood on the Edge of Downtown
  • Jamesville – Home to Large Portuguese and Italian Communities
  • Heavy Industry – Just What it Says and Hess Village (scroll down about halfway) – Downtown Nightlife Area – Victorian Buildings Converted to Pubs, Restaurants and Clubs
  • Village of Ancaster – Wealthiest Area in Hamilton, and Home to the Hamilton Golf and Country Club and The North End (scroll down about halfway) – One of Hamilton’s Oldest and Most Colourful Neighborhoods
  • Bayfront Park and Cootes Paradise – the West Harbour Area (about halfway down, you can also see shots of the Hamilton Mardi Gras Carnival that is usually held in August)
  • Delta – An Old Streetcar Neighborhood in Downtown
  • The First Timmys (Tim Hortons to Non-Canadians) in Canada

    The First Timmy's (Tim Horton's to Non-Canadians) in Canada

  • Strathcona – Large Historic Urban Neighborhood
  • Hamilton Beach – Traditionally a Playground for the City’s Elite, but has Its Ups and Downs – Now an Exciting Place to Go for Summer Excursions
  • St Clair – a Hidden Treasure in the Middle of the Lower City
  • Commercial Street – Hamilton’s Oldest Commercial District
  • Barton St – the Grittiest Street in Canada and Barton Village (about halfway down the page)
  • Apartment Buildings – Some Apartment Buildings from the 50’s and 60’s (you’ll need to scroll down a little bit to get to them)
  • MacMaster University – The Names Says It All – a Canadian Institution
  • Hamilton’s Western Suburbs
  • Ottawa St – 1920’s Commercial District
  • Chedoke Park – Early 20th Century Neighborhood
  • Beasley – the Poorest Neighborhood in Hamilton and One of the Poorest in Canada – Average Income is a Mere $6,226/a – Home to Drugs, Poverty, Homeless Shelters, a Large Immigrant Community, and a Growing Gay Community
  • Stoney Creek – Important Battle Site of the War of 1812
  • Central – One of Hamilton’s Oldest Neighborhoods
  • City of Burlington (technically, not part of Hamilton) – the City Across the Bay
  • Lansdale – Old Working Class Neighborhood – 7,030 People Per Square Kilometre Density

The Lynes’ Roar – November, 2008

Author: admin / Category: Newsletter, The Lynes' Roar

Volume #1 Issue #1

2008

The Happy Couple

Hello, welcome to the Lynes Roar. We are pleased to extend our sincere appreciation of your desire to stay connected with us. This is our first newsletter and we are extremely grateful to July Ono to mentor us on our first newsletter. The purpose of our monthly newsletter is to share our experiences with you and allow us to keep connected with you on a monthly basis.

We were happily married on August 8th, 2008 and we trust that you like the picture.

Julia Lynes

She came to Canada from Guangzhou, China 20 years ago, without knowing a word of English. She loves Canada. Her biggest challenge was finishing secondary school with her limited knowledge of English, and achieving honor roll standing. Her dream was to complete a business degree in university. Due to financial hardship in her family and having to work multiple jobs to help pay the bills, she regrets not being able to go to university. She completed her CIP and worked in several commercial insurance companies in the underwriting department for 10 years. She started to think about creating a stream of passive income after her disability from an eye surgery and a few herniated discs on her neck. She is so excited to have discovered real estate investing. For that, she has to thank Selena Cheung, who first introduced her the power of real estate: a high leverage investment with small, calculated risks.

Daniel Lynes

He has been developing computer software as a hobby since 1980. He has been developing computer software, professionally since 1994. He has also been doing Linux and Windows system administration since 1997. He hitchhiked from Thunder Bay, ON to Vancouver, BC in 1994. After 3 days of driving, he arrived in the

most beautiful place in the world. The next day he called up his mother and told her he was never going back to Ontario!

Our Trip to Las Vegas

It was such a treat that we had the opportunity to learn about Commercial Real Estate investing from Scott Scheel in Vegas for 4 intense days. The four primary property types: office, retail, apartment and industrial/warehouse. Each type has its own criteria and considerations. i.e. A retail property is leased based on square footage and typically has a operating expense ratio of 15-35% (of GOI) as most of the expenses can be Scott Scheelpassed down to the tenants. An apartment is leased by the unit and it is not uncommon to have an expense ratio of 40-60%. The former typically has a lease term of 3 years or more, which can be quite attractive for the bank to finance. The latter typically has up to 1 year lease term and it is generally more management intensive.

Having a low interest rate and a soft market, this is the best time to buy commercial properties in the last decade. Scott Scheel is a commercial real estate Einstein. He started investing with a 24 unit apartment, no credit and $400,000 in debt. He achieved financial freedom in less than 2 years. We learned a lot from him and we are grateful to have him and his team to coach us on our investments.

Tip of the Month

If you find yourself needing to use MS Office documents, but you can’t justify the cost, take a look at a free alternative that’s available for Windows, Mac, and Linux: OpenOffice.org. For simple tasks, it’s usually easier to use. Unless you’re an international economist, you’ll probably find it just as capable as MS Office.

Until next month, we wish you an abundant and prosperous month! God bless!

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