Listen to “How Bathroom Renovations Are Important For Your Home’s Resale Value” on Spreaker.
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Here’s What I Learned About Real Estate From Benjamin Tal (Chief Economist of CIBC)
Last week, I had the opportunity to attend the Toronto Real Estate Board’s Annual General Meeting. Benjamin Tal, the chief economist for CIBC, was the guest speaker. I heard him speak before and have always been impressed with what he had to say. This time was no different and he didn’t disappoint. He blew my mind with his facts, figures and insights and I literally tried to take as many notes as my hand would allow. In fact, by the time he finished speaking, my hands hurt. Continue Reading
Own your home and have no intention of moving anytime soon? Listen to this opportunity to still make money from your home
The new mortgage rules and stress test come into effect soon. How can it be beneficial to help someone find a mortgage to invest in property?
The New Mortgage Rules and How They’ll Affect You
Mortgage Rules: Did they just make it harder to buy a house, AGAIN?
Yesterday, OSFI (The Office of the Superintendent of Financial Institutions) announced some new rules to tighten up the real estate market. These rules will affect anyone putting 20% as down payment or more on a home. Currently, anyone purchasing a house over a million dollars will have to put a down payment of at least 20% to qualify for a mortgage. Those who spend less than a million dollars and put down less than 20% have been experiencing this additional stress test for the last year. Continue Reading
Is “No Money Down” Too Good to be True?
Here is what “no money down” means in reality. Plus, it definitely is good for real estate investing.
Investing in Prince Edward County
Have you ever thought about buying an investment property? It can be a great move for just about anyone with the means. It can add to your income right now and shore it up in retirement too. Investing outside of Toronto could be very beneficial. Continue Reading
Why It’s Great to Become a Real Estate Investor
Property Investment in Prince Edward County
Which Condos Near TTC Stations Produce the Biggest Bang for Your Buck?
I started to study the value of 1 & 2 bedroom condos along the subway line. After I completed my initial research, my next question was how much have the values changed between 2017 and 2016 at each subway station. My analysis was even surprising to me. It does matter which subway station is the closest to your condo in determining how much your condo will increase year over year.
I pulled the numbers from the Toronto Real Estate Board statistics based on condos that were within a 0.3km radius or 394 steps from a subway station. Some stations don’t have any condos built within the 0.3 km distance and some had few sales reported during the period of Jan. 1 to July 24th making some of the sample sizes rather small (ie. less than 4 condos).