Tag Archives: Rental

moving to US, should I sell my rental property in Toronto, Canada?

Hi, my wife is US citizen, I am living in Canada and have a rental property and my own property in which I am living with my family at the time being. I will be moving to US soon and leaving my property for my parents to live in and I will be paying mortgage for them while I am working in US by sending money back to Canada, should I do that or sell that house and let my parents rent somewhere else? what are the benefits, pro or con of either way? and should I also sell my rental property as well or should I consider keeping it for now and sell it later hope for housing value will going up in the future? (again, my properties are in Toronto, Canada). Does US government charge tax on my properties in Canada? Thank you

For the last rental property your purchased, how much did it cost, and how much rent did you charge?

I’m looking to get rough rent/value ratios for various areas of the country.

I have found websites that display “average home price” and “average rent”, but that isn’t fair because most rentals are lower-end than purchases. I’m looking for an apples-to-apples comparison.

Please don’t include properties which you purchased significantly below market or invested a lot of money in improving.

–>Adam

P.S. I know I’ve asked this before, but judging from the responses, I asked it the wrong way.