Canada’s Housing Market Heads to a Soft Landing

It appears that after almost a decade of rapid price appreciation, which many viewed as unsustainable and the makings of a real estate crash, Canada’s housing market is making a soft landing. Rising interest rates and government policies such as foreign buyer taxes and stricter mortgage lending rules are gently letting the air out of…

Are Investments in Temporary Rentals a Good Investment?

With the popularity in Airbnb [for discussion purposes, we are using Airbnb, but there are other similar companies that could be substituted in] gaining traction in the market place, many real estate investors have been looking at purchasing residential real estate for the specific purpose of renting the real estate on a short term basis…

4 “Big Regrets” to Avoid When Buying a Home

Fear of making The Wrong Decision can be the great immobilizer when it comes to buying real estate. • Fear that this is “the wrong time” to buy has kept many would-be homeowners on the sidelines and unnecessarily out of equity-building markets.• Fear of buying the “wrong real estate” can take many forms: fear of buying…

Lifting the HOA Veil

In real estate sales, sellers are required to disclose any material fact that any prudent buyer would want to know before completing a purchase. Property located over a toxic waste dump would be an obvious example of disclosure and the need for it. There are less catastrophic issues, like roof condition or a leaking crawlspace…

Making Canadian Suburbs More Age-Friendly

Two-thirds of Canadians live in the suburbs, but the car-dependent neighbourhoods are “no place to grow old,” says Glenn Miller, a senior associate at the Canadian Urban Institute. As the population ages and the life expectancy of Canadians increases, there’s a lot of discussion about where older people are going to live and how to…

The Inside Scoop on HOAs

Last week we asked: To PMI or not to PMI? This week we tackle another of real estate’s burning questions: To HOA or not to HOA? It’s not an easy question to answer because everyone has an opinion, and it turns out those opinions are colored by all kinds of stuff, like age, gender, and…

Housing Affordability is Canada’s Hottest Issue

With mortgage interest rates climbing, many Canadians are struggling to pay their debts or save enough to get into the housing market. Everyone has an opinion about how to solve the housing affordability crisis, here are some of them. Municipal elections have just concluded across Canada, and the hottest topic on the campaign trail was…

Moving Abroad: Is It for You?

On the airplane seat next to us, returning to his new home after a short visit with family in California. On her way to meet her fiancé on the catamaran where he conducts daily sunset tours. Behind the counter in the organic t-shirt store just across from the beach. They were seemingly everywhere: people who…

To PMI or Not to PMI

Is Private Mortgage Insurance (PMI) necessary? Will it help me buy a house? Is there a way around it? Those are the questions. Actually, they probably constitute only the tip of the mortgage iceberg if you’re buying your first home. But squaring away the PMI query is an important effort that will help you zero…

How to Deal with Cranky Toddlers During the Move

Moving is an overwhelming experience. It is difficult to say whether you are excited about the new place or melancholic about the one you are leaving behind. You are trying hard to handle all those jumbled up emotions, along with the stress of getting everything done on time. The last thing you need is the…

Is There Anything Left to Flip?

So you want to flip a home. Yeah, well, you and everybody else. “Just more than 207,000 homes were flipped in 2017, according to a new report from Attom Data Solutions, which defines a flip as a property bought and sold in the same 12-month period,” said CNBC. “That is the highest number of flips…

Buy Real Estate Now

Don’t have the resources to purchase real estate on your own? Do what I did, buy real estate with partners. I will have an entire series on this subject soon if there is an interest. We call it “Syndication” and it may be your key to financial freedom and a successful real estate business. Considerations When…