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Old 07-20-2009, 08:08 PM   #6
Incinerator
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Join Date: Apr 2003
Location: 30 minutes from the Red Mile
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Originally Posted by sec304 View Post
We are in this situation right now, they won't let us move or cash out the funds... any idea when or how people actually get paid on these? I am getting the feeling they just hold onto your money forever and you can never get it out
Your feeling is probably right, 99% of these "real estate investment" projects are scams, here's a well known local example

Like mentioned above, try to stay with REITs traded on a major exchange such as the TSX if you really want to hold RE interest in your RRSPs.
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