What Attracts First-Time Buyers to a Neighbourhood? Transit!
Homes are our safe haven, and so it should come as no surprise that safety is the top factor when home buyers, first-timers or otherwise, use this as their key deciding factor in where to buy. In fact, 62 per cent of first-time buyers consider safety to be the most important factor when deciding on where…
Read moreShould all Mortgages in Canada be Capped at 25 Year Amortization?
If there was an outcry when the Department of Finance capped amortization lengths on insured mortgages, there may be an all out war if their newest proposed changes are to go through. According to the industry newsletter published by Canadian Mortgage Trends, the Office of the Superintendent of Financial Institutions (OSFI) is considering capping all…
Read moreToronto Condo Sales Plunge by More than Half in First Quarter
When comparing the real estate years of 2012 and 2013 in Toronto, especially the beginning of the years and taking the condo market into consideration with it, you know there’s going to be a huge gap. Last year condos were the talk of the town, and anyone who bought one the newest beau or belle…
Read moreHow to be a Part of the U.S. Takeover
This morning we talked about how Canadians are investing heavily in United States real estate, and realized that it may have gotten many investors excited about jumping into the waters and doing the same. But just how do you do it? First you have to find the deal, then fund the deal, then make the…
Read moreCanadians are Over-Taking the United States
At least when it comes to real estate anyway. For the past several years, investing in real estate in the United States has been something extremely risky for everyone, Canadians and Americans included. But there’s been an interesting shift in the past year or two. American real estate is being offered for rock-bottom prices, far…
Read moreWhat to do if Your Tenant Smokes
Just a few days ago we talked about how smoking in your home can decrease its value. But what do you do if it’s your tenant that’s smoking in your property? You definitely don’t want to lose resale value, which you will if they’re smoking in the home. But can you give them a verbal…
Read moreAnother Bearish Outlook, with not Much to Back it Up
Who else is growing weary of all the doom and gloom reports surrounding the housing market, and nearly all that have very little in the way of actual facts and stats to back them up. And this time, the opinion that Canada’s market is headed for certain death doesn’t come from a Canadian economist or…
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