Quote:
Originally Posted by blankall
No.....just Manitoba.
You bought the place for 230k and still have 227k in mortgage? Only 3 k has been paid towards the place?
Also, the place now is worth 240k? How long ago did you buy? Your girlfriend is getting a 100% ROI here despite the fact there woudl be hella transaction costs if you were you to sell right now. I would not pay her half the equity, without discounting for what some of the transaction costs would be. You are also assuming a huge risk here, what if the market crashes. You're assuming another 120k in risk, discount for that too.
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Probably paid 5% down, and rolled the CMHC fees into the mortgage.