The Canadian real estate market is often buzzing with discussions about the merits and drawbacks of various investment options. One debate that frequently captures attention is whether to invest in older, existing properties or opt for brand-new pre-builds. While new constructions offer the allure of modern amenities and less immediate maintenance, older properties come with their own set of often-overlooked advantages. The Allure of the New Brand-new pre-builds in the real estate market offer immediate appeal. They feature the latest amenities like smart home systems and energy-efficient appl ..read more

As a landlord, deciding to sell your rental property can be a strategic move to maximise your investment, but it’s not without its complexities. You’re not just selling a property; you’re navigating a space shared with your tenant, whose rights must be considered. The Canadian real estate landscape presents unique challenges and opportunities in this scenario. You’ll need to balance your financial goals with legal obligations and tenant relationships. This article will guide you through the process, ensuring you’re well-informed and ready to make the right decisions. Stay tuned as we delve int ..read more

Our housing supply system is severely strained, to say the least. Some would argue it is broken. Either way, we’re hitting a wall.  In addition to lofty mortgage rates and supply chain issues, the development approvals process for residential projects is too lengthy, and taxes, fees, levies, and development charges are exorbitant. The problem has been festering for decades under successive governments. We’ve had a false sense of security on housing for some time. But the canaries are now singing. The crisis is hitting home. For too long, politicians have fiddled around the edges of the is ..read more

Navigating the complexities of real estate transactions becomes even more challenging when bad credit enters the equation. For real estate agents, mastering the intricacies of credit issues is not just beneficial—it’s essential.  Your ability to guide clients through these financial hurdles can make the difference between a closed deal and a missed opportunity. The Impact of Bad Credit on Real Estate Transactions When it comes to securing a mortgage, bad credit is more than just a minor hiccup; it’s a formidable roadblock.  Traditional lenders often shy away from applicants with less ..read more

Canadian investors are increasingly exploring opportunities outside their home country. Detroit, with its close proximity to Canada and historical significance, is emerging as an attractive destination for these discerning investors. The Ambassador Bridge not only links the two countries physically but also opens doors to the potential-rich Detroit real estate market. Once the core of the American automotive sector, Detroit now presents a unique landscape for real estate investment, marked by a combination of affordable properties and promising market trends. The city’s transformation from ind ..read more

If you’re considering buying a new home, the term “credit score” is likely to be one of the first things you encounter in your journey. This three-digit number is more than just a numerical summary of your financial history; it’s a key indicator that mortgage lenders use to evaluate your reliability as a borrower.  Your credit score can significantly influence not only your eligibility for a mortgage but also the terms and interest rates you’re offered. In essence, it serves as a gateway to homeownership, affecting how much you’ll ultimately pay for your dream home over the years. How Cre ..read more

Deciding between a pre-construction or an existing home in Calgary is a significant choice for any potential homeowner. The city’s housing market offers a variety of options, each with its own set of benefits suited to different needs and lifestyles. For those facing this important life decision, it’s about balancing the allure of a new build with the charm of an existing home. Exploring what each option means for life in Calgary involves looking at long-term financial implications, customization opportunities, and the practicalities of timing and location with goal of making a choice that ali ..read more

The choice between a fixed mortgage and a variable mortgage is a pivotal decision for Canadian homebuyers. Both options present unique advantages and challenges, each catering to different financial needs and risk tolerances. Understanding these mortgage types is essential for first-time buyers and real estate professionals alike, as it directly impacts long-term financial planning and home ownership in Canada. Understanding Fixed Mortgages A fixed mortgage is characterized by a constant interest rate and uniform monthly payments for the entire term of the loan. This type of mortgage provides ..read more

In the dynamic landscape of real estate investment, the concept of yield is not just important; it’s indispensable.  Yield is the financial return on an investment over a set period, usually expressed as a percentage of the original investment or current market value. In the context of real estate, yield is the rental income a property generates each year as a percentage of its value. It’s a measure that allows investors to compare the performance of different properties and investment strategies, making it a critical tool in the decision-making process. Understanding and accurately calcu ..read more

To achieve the lofty goal of building 3.5 million additional new homes across the country by 2031, we are going to have to significantly boost efforts to densify housing in our major cities, especially Toronto. To its credit, the city has already made some critically important moves that will help. Toronto council adopted as-of-right zoning which will allow up to four housing units to be built on a single lot in all low-rise residential neighbourhoods. The move could transform up to 70 per cent of the city’s yellowbelt, regions where traditionally only one single or detached home per lot was p ..read more