Canadian Residential Real Estate Investment Peaked And Is Heading For Declines

Thursday Jul 26th, 2018


Source: BetterDwelling.com, by Stephen Punwasi Peak Canadian real estate investment is behind us, according to another indicator. Statistics Canada (StatCan) numbers show residential investment as a percentage of gross domestic product (GDP) is moving lower. Taking a dive through unadjusted data, we can see this trend is primed to head much lower soon. What Is Residential Investment? Residential investment is how countries measure economic activity related to building residential... [read more]

Condo Market Speculators In Toronto, Vancouver A Risk To Economy

Wednesday Jun 13th, 2018


The Bank of Canada says condos have become the latest target of real estate speculators, making them a more risky investment.   Be careful if you're planning to jump into the condo market in Toronto, Vancouver or nearby areas: The Bank of Canada says condos have become the latest target of real estate speculators, making them a more risky investment. In its financial system review released last week, the Bank noted that the housing markets in many Canadian cities have reversed... [read more]

Best Time to BUY - A Seasonal Guide

Thursday Mar 01st, 2018


If you’ve settled on the idea of buying a house within the next year, then first of all, congratulations! But now you’re probably wondering what specific factors could affect the deal you get for your new home. For example, can buying at a certain time of year make a difference to the price of a new home?   Like most markets, house prices are based largely on demand. The more demand there is, the more competition and the more price elasticity sellers can play with. Of... [read more]

5 Factors That Make 2018 The Year To Buy

Monday Jan 01st, 2018


Here are five of the factors expected to keep the market more balanced in 2018.   1. OFSI’s Stress Test rules   The government regulator known as the Office of the Superintendent of Financial Institutions will require all homebuyers taking out mortgages from the lenders that it regulates to meet a “stress test” as of Jan. 1. That means buyers going to a Big Five bank for a mortgage will need to prove they can afford the Bank of Canada prime rate, even if... [read more]

Building a Real Estate Portfolio for Cash Flow

Saturday Dec 16th, 2017


“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrialinvestments combined. The wise young man or wage earner of today invests his money in real estate.” Andrew Carnegie That quote is decades old but still holds true today. Though it's all the rage today on TV, this article isn't about real estate wholesaling or flipping houses. True, there is money to be made in those... [read more]