Schuren Sri

[Schuren Sri @Schuren]

@d_demelis That's insane....you should shop around.

[Schuren Sri @Schuren]

@RE_MarketWatch Maybe one should force all the local politicians to take public transit for a month and see how fast things change.

[Schuren Sri @Schuren]

@d_demelis @altusgroup @danielfoch Not sure how they come up with these numbers, but they tend to be on the higher side from my experience.

[Schuren Sri @Schuren]

@JShamess @ManyBeenRinsed I guess min DCSR is 1.1 and 5+ units. Go on their website or talk to someone who specializes in multifamily financing.

[Schuren Sri @Schuren]

@d_demelis @CMHC_ca As a developer, with the cost of construction high(though starting to come down), high interest rates, does it make sense to build these?

[Schuren Sri @Schuren]

@ronmortgageguy Makes sense...I would be worried for the parents ability to pay the HELOC at these rates.

[Schuren Sri @Schuren]

@RE_MarketWatch @douglasdowney Have a client in same position, tenant stopped paying in April. Still waiting for a hearing from LTB. It's becoming more common as lotnof tenants realize they can live rent free for 6+ months. LTB needs to be revamped, it's a disaster for both tenants and landlords.

[Schuren Sri @Schuren]

@CPost2020 @REWoman @CEnache_ Good point, while there is no arguing about contract law. Unless your client has time and money to spend on this, better work it out amicably. Been down that road before, it's stressful for the client and takes months to resolve. Even with a good lawyer.

[Schuren Sri @Schuren]

@d_demelis You will find out soon enough whether you were too kind or if it pays back in dividends.

[Schuren Sri @Schuren]

@d_demelis Drove by this house a few times, very unique to that area. Almost bought a house on the same street.

[Schuren Sri @Schuren]

@danielfoch That's crazy, what are the starting prices?

[Schuren Sri @Schuren]

@StephenPunwasi When I visited China, I was awestruck at their speed and brutal efficiency. Here at home, tell my why the same stretch of 401 needs repairs every single yr?? Other places in the world don't have harsh weather?

[Schuren Sri @Schuren]

@FrankfortReport You would still need permits, inspections etc. But I assume you would not need to worry about zoning. Pretty sure they will still have setbacks that you need to adhere to.

[Schuren Sri @Schuren]

@danielfoch Seeing a bunch of developers reaching out to sell their projects. Last year it was impossible to get anything! This will probably get worse.

[Schuren Sri @Schuren]

@d_demelis Market still high for anything in King, albeit has come down in the last 6 months or so. Will wait patiently for any opportunities.

[Schuren Sri @Schuren]

@WallStreetSilv Probably ICF construction.

[Schuren Sri @Schuren]

@danielfoch People not even going for their cheap dining? Hmm...haven't been there in yrs maybe time to visit.

[Schuren Sri @Schuren]

@RE_MarketWatch Fair enough

[Schuren Sri @Schuren]

@RE_MarketWatch Hahaa, geez you don't mince words!