How Do You Win a Bidding War?
Ari Zadegan
by Ari Zadegan
2y ago
Potential buyers in most major markets in Canada still face multiple-offer scenarios despite the restrictions imposed by the pandemic. This situation can feel a bit daunting to first-time home buyers, move-on-uppers and real estate investors looking to cash-in on the nation’s competitive housing market. To help, we’ve compiled a list of five strategies to help you win a bidding war in any hot market. What Is a Bidding War? A bidding war is a competitive situation where more than one home buyer or real estate investor makes an offer on a home. Bidding wars happen when there is not enough invent ..read more
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Are Pre-Construction Condos a Good Investment?
Ari Zadegan
by Ari Zadegan
2y ago
Condo sales are skyrocketing in Canada’s biggest cities. This rush to buy won’t surprise seasoned real estate investors, who know that condominiums can be one of the best strategies to grow your money. But investing in pre-construction condos does come with pitfalls. To help maximise your investment dollar and create a long-term plan for your money, it’s best to learn the best strategies that make pre-construction condos a good investment. Why Pre-Construction Condos Are the Best Investment When you buy a condo unit in the pre-construction phase you have the advantage of paying the lowest poss ..read more
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Should you buy a pre-construction home?
Ari Zadegan
by Ari Zadegan
2y ago
There are many different types of properties available today, and if you’re planning to buy one soon, you need to understand how each of these types differs. Buying a home is an expensive investment, and finding out that your purchase didn’t turn out as you expected can not only turn to disappointment, but can also jeopardise your financial well-being. To help you determine if a pre-construction home is right for you, we list the benefits and disadvantages of this property type purchase, along with some tips on how to get the best deal. What Is a Pre-Construction Home? As the name suggests, a ..read more
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Investing in Luxury Real Estate
Ari Zadegan
by Ari Zadegan
2y ago
A home, vacation property or condo with a steep price tag is usually a good indicator that a property is special, but a high list price isn’t the only criteria for luxury real estate. Other factors need to be present, such as a sense of splendour, an image of grandeur or the perception that the property is unique or superior. This sense of exclusivity can be created with the addition of high-end amenities, the use of custom builds or the liberal use of opulent features. In every case, however, luxury real estate offers current and potential owners a chance to own and promote an exclusive exper ..read more
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Home Buying Activity is Strong and Condo Sales Increase in Toronto in February
Ari Zadegan
by Ari Zadegan
3y ago
 Toronto’s housing market was doing very well in February. According to the statistics, about 11,000 properties were sold in Toronto the last month. The data provided by the Toronto Regional Real Estate Board (TRREB) the last month, show that the total number of home sales increased by 52.5%. This number continues to grow. It’s important to know that things get back to normal on the condo market in Toronto. Condo sales increased by 64% in the city. People prefer to buy condo properties in the suburban 905 and the urban 416 areas. Condos in Toronto didn’t sell well for a long period of tim ..read more
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House Prices in Canada are Higher than in the United States
Ari Zadegan
by Ari Zadegan
3y ago
The Canadian housing market is strengthening these days and it has become a surprise for many real estate analytics. House prices in Canada began to rise the last summer and there is no sign of the decline yet. Initially, house prices were expected to go down due to the outbreak of the coronavirus. However, these predictions haven’t come true. It’s worth noting that the demand for properties in Canada is very high. A lot of people buy and sell properties in Canada today and that’s the reason why house prices constantly go up. None expected that the real estate market in Canada would do well du ..read more
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The Highs and Highs of the Canadian Real Estate Market to Continue in 2021?
Ari Zadegan
by Ari Zadegan
3y ago
The real estate market did not expect much from 2020. After all, a pandemic was ravaging the world and the economies around the globe were buckling under in its wake. However, 2020 turned out to be a milestone year for the Canadian real estate market with one of the highest home sales in history. December, 2020 set new records, officially starting the new year with a strong sellers’ market. Like the beginning of 2020, there is a section of experts who believe that the housing market will decline in 2021. Then, there is another group of experts who believe that the market will keep performing w ..read more
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The Curious Case of Record-Breaking Canadian Home Sales in a Pandemic Year
Ari Zadegan
by Ari Zadegan
3y ago
In 2016, home sales in Canada hit a record that was difficult for any of the subsequent years to beat. In the landmark year, 536,118 homes exchanged hands in Canada. And then came 2020, offering the worst the world has seen in recent years. There were complete lockdowns, economic activity slowed down, and anxiety rolled in. Surprisingly, the same 2020 is giving 2016 a run for its money. With 511,449 already sold between January and November in 2020. The pandemic year is all set to take over the top slot for Canada’s highest home sales. It is only 0.3% behind the 2016 numbers. The home sale fig ..read more
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Historically Low Mortgage Rates Boost Canadian Real Estate Market
Ari Zadegan
by Ari Zadegan
3y ago
The Canadian real estate market is booming with no signal of slowing down. You did not read it wrong, and yes, it’s still 2020. An economic slowdown is almost expected after the world faced one of the worst public health crises in recent history. But, with the Canadian Government pulling the real estate mortgage rates to a record low, the effect of the slowdown is not as jarring for the real estate market. In fact, Canadian real estate is doing better than “just okay”; it is experiencing a strong rebound. Here’s how low mortgage rates are giving the Canadian real estate market a new lease of l ..read more
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Strengthening Toronto Real Estate Market Amidst COVID 19 Lockdowns
Ari Zadegan
by Ari Zadegan
3y ago
The pandemic has been hard on Canadians. The intermittent lockdowns, locks on local businesses, and deserted roads are commonplace across the country. No wonder, on the back of the fears of a rebound, lower-income levels, negligible immigration, and high unemployment, Moody’s suggested a drop of 7% in real estate prices in the country. But, those were the predictions. On the ground, Toronto was in the red zone. It had staggered restrictions in place and saw the closure of businesses in November, but the real estate market did not follow any predicted trend. It has pleasantly surprised experts ..read more
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