Thinking about buying a home? Well, stop thinking and start looking. The stars have aligned in the Canadian real estate market, creating what many in the industry are calling “the perfect storm” of market potential. From condos to single-family homes, now’s the time to lock in a mortgage rate and enter the world of real estate investing. Continue reading
Category Archives: Investment Property
How to Avoid Major Home Buying Errors
Housing affordability continues to remain stable across Canada, creating the perfect environment for savvy home hunters. With more houses available on the market, buyers are becoming much more competitive, rushing to complete their purchase agreements. Situations like this often lead to costly buyer errors, as anxious home hunters make hasty, uninformed choices. These mistakes are sometimes impossible to reverse, so be careful. Continue reading
CAAMP Releases Highlights From Fall 2011 Consumer and Industry Surveys
The focus of these surveys was to gather Canadians’ opinions of the mortgage industry. The report includes specific questions on experiences with their mortgage professional as well as information and feedback from industry members.
The survey results were presented by Maritz Research at Mortgage Forum 2011 in Toronto.
Click here to review the entire report.
Re/Max Report Predicts Robust 2012 Canadian Housing Market
The Canadian housing market showed exceptional resilience in 2011, according to Re/Max’s annual housing marketing outlook. Published early last week, the report states that an estimated 460,000 homes are expected to be sold this year, a significant increase over last year’s 44,010 properties.
Re/Max credits low interest rates for the housing market’s success, along with tight inventory levels and increased urban demand. And while the European debt crisis and worsening American recession continue to plague the global marketplace, it appears to have had little effect on the Canadian housing market. The country’s economic foundations actually grew in the past year, thanks to the addition of more than 200,000 jobs and slow but steady GDP growth. According to Re/Max’s report, economists are already looking forward to increased growth and renewed investment in 2012. Continue reading
Do You Know What a Property Disclosure Statement Is?
It’s standard practice for home sellers to freshen up their property prior to listing it on the market. A fresh coat of paint, new floors, or new light fixtures increase the value and marketability of a home. But sometimes these seemingly honest updates are done with the intentions of covering something up.
That’s why it’s crucial for homebuyers to always request a property disclosure statement. Seller’s are obligated to disclose any known defects to a potential buyer by way of this two page document. From zoning and water rights to plumbing, roofing, and structural damage, a property disclosure statement is designed to protect the buyer against a future of regret. Continue reading