Baby boomers' strongest investments lie in residential real estate
Canadian baby boomers' investments in real estate outperform their other financial assets, a recent report from Mustel Group and Sotheby's International Realty Canada has revealed.
In particular, over half (61%) of the age group in the country's four largest metropolitan areas--Calgary, Montreal, Toronto, and Vancouver--said their real estate investments fared better than their RRSPs, TFSAs, stocks, and bonds. more
Canadian housing market still vulnerable says CMHC
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All investor purchases are brokered by a licensed real estate agent, who is a member of the Canadian Real Estate Association and is bound by the code of ethics and fiduciary commitments required by Canadian law.
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The Canadian housing market still has high levels of vulnerability according to the latest report from CMHC.
The agency says that, for the 6th consecutive quarter, there is evidence of overvaluation and price acceleration, despite improvement in some metros. more
What makes the Golden Horseshoe so great?
"After pulling the rate trigger on January 17, we expect the Bank of Canada to raise policy rates two more times this year by a total of 50 basis points to address potential inflation risks stemming from an economy pushing against capacity limits," said Guatieri. more
Ontario abandons energy audits
Since 2016, OREA has been fighting to stop Home Energy Rating & Disclosure (HER&D). If implemented, HER&D would require a home seller to conduct an energy audit before listing their home. The program also forced REALTORS(R) to post the energy score on the MLS(R) listing. more
Stress test effect is showing nationwide says RBC
The impact of the tightened mortgage rules introduced at the start of the year appears to be rising.
A report from RBC Economics says that softening sales in February, following a slowdown in January, suggest a trend that is being felt across the country. more
What should I be paying for my property?
Elizabeth and Johann C.; Trevor L.; Duncan and Susan L.; Marlon and Natalie F.; Clarke S. And Elizabeth P...all of whom purchased their first investment properties this quarter.
Completely renovated upstairs, and partially finished downstairs, this bungalow on a bus route street is ideally located for renters.
There is potential for a 2 bdrm in the lower level with nominal cost.
Though slighly outdated, this bungalow is highly rentable. Upstairs requires a little lipstick. Downstairs, a full reno would be required for a 3bdrm., but a bathroom is in place.