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Cheapest and easiest way to transfer money over to a Canadian landlord

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Old May 24th 2013 | 12:07 am
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Default Cheapest and easiest way to transfer money over to a Canadian landlord

Hi Everyone,

Myself and my OH have found a place we like in Vancouver and we are in the process of sorting out tenacy agreement extra and paying a deposit.

What would be the easiest way to transfer funds over to our new landlord?

Bank transfer, wiring money, paypal?

Thanks in advance for your time and help

Mike
 
Old May 24th 2013 | 7:40 am
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Originally Posted by Mikeypm
Hi Everyone,

Myself and my OH have found a place we like in Vancouver and we are in the process of sorting out tenacy agreement extra and paying a deposit.

What would be the easiest way to transfer funds over to our new landlord?

Bank transfer, wiring money, paypal?

Thanks in advance for your time and help

Mike
I hope you have verified that the person really is a landlord and that there really is a place.

You might want to check into them - there are many, many scams going on with regards to rental accommodation.

http://vancouver.24hrs.ca/2013/04/03...e-as-landlords

http://vancouver.ca/police/crime-pre...ing-fraud.html

http://vancouvercondo.info/2008/03/b...ntal-scam.html

http://www.scottdawson.ca/apartment-rental-scams/
 
Old May 24th 2013 | 7:43 am
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Originally Posted by Mikeypm
Hi Everyone,

Myself and my OH have found a place we like in Vancouver and we are in the process of sorting out tenacy agreement extra and paying a deposit.

What would be the easiest way to transfer funds over to our new landlord?

Bank transfer, wiring money, paypal?

Thanks in advance for your time and help

Mike
Ask if "in person" is OK when you arrive. Be wary if you get excuses.
 
Old May 24th 2013 | 7:59 am
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Originally Posted by Mikeypm
Hi Everyone,

Myself and my OH have found a place we like in Vancouver and we are in the process of sorting out tenacy agreement extra and paying a deposit.

What would be the easiest way to transfer funds over to our new landlord?

Bank transfer, wiring money, paypal?

Thanks in advance for your time and help

Mike
Not something I would do. Are you sure there really is a place to rent? This has happened where people have turned up to what they thought they had rented only to find someone else there and a lost 'deposit'. I would go into a motel first and find a place to rent when you are here and you can meet the landlord in person.
 
Old May 24th 2013 | 8:13 am
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Mikeypm has family in Vancouver so hopefully they have checked this out for him. If so, a bank transfer with leave a trace. Never use a money transfer company like Western Union.

Last edited by JonboyE; May 24th 2013 at 8:17 am.
 
Old May 24th 2013 | 8:23 am
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Originally Posted by JonboyE
Mikeypm has family in Vancouver so hopefully they have checked this out for him. If so, a wire transfer with leave a trace.
As JonBoyE says I have family in Vancouver that know and can vouch for the landlord. Basically the ground floor suite next door to my sisters place is becoming available and I have seen the property previously. Plus I have spoken with the landlord and with her sister who lives in the upstairs suite. I also was given a tour via skype to see the property again and to discuss the property and rent and so forth. I have been provided with a proper BC residential tenancy agreement to review and sign when happy.

Also my gut feeling is that everything is fine and above board.

Thanks everyone for their concern. It's very much appreciated
 
Old May 24th 2013 | 8:25 am
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Originally Posted by orly
Ask if "in person" is OK when you arrive. Be wary if you get excuses.
We are only paying a small deposit to guarantee the place and we pay the full deposit when we get there
 
Old May 24th 2013 | 8:27 am
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

In that case you could presumably transfer the money using an exchange like CurrencyFair.

That's how I've moved money over from the UK to Canada in the past. Tends to get a decent enough rate.

Presumably you could place the monies into a family members bank account and have them withdraw it and pay the landlord.
 
Old May 24th 2013 | 8:27 am
  #9  
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Originally Posted by siouxie
I hope you have verified that the person really is a landlord and that there really is a place.

You might want to check into them - there are many, many scams going on with regards to rental accommodation.

http://vancouver.24hrs.ca/2013/04/03...e-as-landlords

http://vancouver.ca/police/crime-pre...ing-fraud.html

http://vancouvercondo.info/2008/03/b...ntal-scam.html

http://www.scottdawson.ca/apartment-rental-scams/
The landlord is a joint owner of the property, here and sister bought the place and have renovated it. The sister with the upstairs suite is staying put and the sister who will be our landlord is moving to the sunshine coast and wanted to get someone in to cover the mortgage and that would get on with her sister and brother in law. We get on like a house on fire with the sister and brother in law who will be our neighbours.
 
Old May 24th 2013 | 8:30 am
  #10  
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Default Re: Cheapest and easiest way to transfer money over to a Canadian landlord

Originally Posted by orly
In that case you could presumably transfer the money using an exchange like CurrencyFair.

That's how I've moved money over from the UK to Canada in the past. Tends to get a decent enough rate.

Presumably you could place the monies into a family members bank account and have them withdraw it and pay the landlord.
I thought that might be an idea as my sister lives next door and knows the landlord so my sister could physically hand it over and make sure all is well
 

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