Room Rentals, Renovation Do's and Don'ts & Why Canadian Insolvencies Are Rising | Real Estate Investing Canada

🎧 Room Rentals, Renovation Do's and Don'ts & Why Canadian Insolvencies Are Rising Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier Today's episode covers a mix of listener Q&A and a deep dive into market trends. Wayne and Gabby tackle two practical investor questions — how to know if you're "over renovating" on a fix and flip, and which laws apply to room rentals in Alberta. Then, Wayne breaks down new data showing Canadian insolvencies hitting their highest levels since 2010, what's driving it, and how creative investors can turn these challenges into opportunities. 🧠 What You'll Learn in This Episode The difference between room rentals, roommate agreements, and the Innkeepers Act in Alberta How to determine whether a renovation is adding value or wasting money The five renovations that most often increase a property's value Why matching finishes to your market's comparables is critical for profit The latest numbers on Canadian insolvencies and bankruptcies — and why they're rising How post-pandemic debt relief, interest rate hikes, and small business struggles are fueling financial distress The ripple effects of insolvencies on real estate and where investor opportunities may emerge Why neutral design choices widen your buyer pool and reduce sales friction 👥 About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice. 💡 Resources & Contact Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & Tax help: www.finngo.com/rei Submit a question: [email protected] Get the 5% Rule™ – The Real Estate Cash Flow Test book on Amazon → https://a.co/d/3Xrcnhw 🤝 Thanks to Our Sponsors 🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584 🔗 Facebook 🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 calvinrealty.ca 🔗 Facebook 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 🔗 Facebook 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected] 🔗 Facebook 🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected] 🆔 FSRAO License Numbers: 13267 and 13268