Yes, you can deduct mortgage interest as well as property tax and maintenance from your investment property in Canada. If you own multiple units and you are the one managing them you should also open a property management company and charge your properties a management fee which is also tax deductible.

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I read houses are cheap in houston but be ready to pay high propterty taxes from the answer/yahoo. here an ideal i am single no children and my mother would buy the house and rent the house to me. it probably not going ot make much difference than san francisco, california high sky rocket prices on homes are crazy. my mom currently renting a condo to me in concord, california. payment total $1,800 $1000 a month on house payment, $250 a month home ownder insurances and taxes and $300 hoa maintence fee for living in the condo and we were force to $20,000 for a new roof on our condon and that we are paying $300 a month but luckly no interest charge because my grandma paid for it. but this time i want a house no a condo. thank you for your help matt

In greater Houston it is between 2.95 and 3.10% of your home's valuation. Figure 3 percent. I doubt sincerely you'll pay four percent anywhere in state. So, figure $250 a month tax for a $100,000 home. The note on a $100,000 home (assuming no downpayment) will be $600 a month, assuming a 30 year mortgage at 6%. $665 a month for 7%, $733 for 8%, and $804 for 9%. Houses are far less expensive than in California. Figure a third to two-fifths for like homes in like neighborhoods. Homeowner's insurance shoudn't be more than $150 a month for a $100,000 home, and it depends on location. So, you're in a $100,000 house for a minimum of $1000 a month plus utilities. $1205 tops. Scale up arithmetically if you pay more. Mind you, this is based on FINANCING $100,000.