This December saw a total of 1,345 residential sales, a 3.2 percent increase from the 1,303 sales recorded in December 2022. Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2023 is 16 percent. “You could miss it by just looking at the year-end totals, but 2023 was a strong … Read more
The Governing Council of the Bank of Canada (BOC) raised its target for the overnight policy rate by 75 basis points (or 0.75%) today to 3.25% and signaled that the policy rate would rise further. While some Bay Street analysts believed this would be the last tightening move this cycle, the central bank’s press release has dissuaded … Read more
Despite the high rent costs for residents of Toronto and Vancouver, the ownership costs of real estate investors have only increased in recent years, causing them to still lose money. According to the owner of Butler Mortgage, Ron Butler, “it’s all about leverage” referring to rising interest rates and the slowing down of the increasing … Read more
Strategies for Buying Your First Home Your first home purchase can be an unnerving path filled with uncertainty and doubt. Can I afford it? Am I paying too much? Will I be able to pay the mortgage? Property prices continue to rise, so buying a home for the first time may seem like an unreachable … Read more
As a real estate investor, the ultimate criterion for investing will be your possible returns. Many industry terms allude to methods for measuring returns, and you can find a wealth of information online. One term often used in real estate describes cash-on-cash returns or your return on equity. What is Return on Equity? Return on … Read more
Real estate investing and stocks are 2 major asset classes you’ll be looking at when reviewing your investment portfolio. The oft-advised strategy is to diversify your investment in both real estate and stocks. This advice stems from the fact that historical returns for real estate and equity show a low correlation with each other. Real … Read more
Investing is becoming significantly popular, and you would certainly be missing out by not even considering the amount you could benefit from it, we would love for you to take notes of the following Strategies. We will be discussing strategies that many of the professionals use, so you certainly won’t want to miss out on … Read more
If someone tells you that real estate investing is a quick and effortless way to make a lot of money, your best bet is to walk away and avoid further eye contact. However, a savvy investor who is willing to perform their due diligence will be able to invest wisely. With that in mind, it … Read more
To say that Covid-19 has upset the apple cart is somewhat of an understatement. Covod-19 has had and is continuing to have, a profound effect on real estate market. And it will continue to do so for a few years to come. Even as the most severe social distancing measures and restrictions on mobility are … Read more
In 2018, 66.2% of first-time buyers in Canada bought their homes because they wanted to become homeowners, with 50.6% of these buyers under 35 years of age. If you are a first-time buyer, you will generally have more questions than someone who has already gone through the process. Some of the questions you may have, … Read more
Burquitlam is a neighborhood located on the boundary of Coquitlam and Burnaby, and its exponential growth has been underpinned by the development of the Evergreen Skytrain line. It’s easy to access to Hwy 1 makes it a natural selection for homeowners looking for a bigger return on their investment dollar. As the community and general … Read more
I would describe myself as a sceptical investor. It usually takes a lot of research before I am convinced. Surrey real estate convinced me. Surrey properties are currently the most affordable real estate investment in Metro Vancouver. We have been looking after a number of properties in Surrey and the prospect of owning a brand … Read more