According to the 2018 REMAX Market Outlook report, many purchasers will set their sights on Toronto's suburbs in 2018, and that could be especially beneficial for house flippers.
Among the report's findings, affordability and home features are among the drivers impelling house hunters to look to Toronto's suburbs. Additionally, Guideline B-20, the mortgage stress testing coming into effect next year, will reduce purchasing power by as much as 20%, which will force people to lower their expectations and move farther from the downtown core. more
Rate adjustment to further burden Canadian borrowers
INFORMATION ON THIS WEBPAGE IS NOT MEANT TO SOLICIT CLIENTS AND/OR PROPERTIES ALREADY UNDER CONTRACT.
Chase Realty Inc., Brokerage
398 Wilson St. E, Ancaster ON
To view any featured listing,
text 905-536-4644 or email:
76 Fielding Ave., $449,000
The Bank of Canada's decision to raise its benchmark rate to 1.25% last week will make renewals a significantly more daunting prospect for mortgage holders, observers warned.
This combination of higher payments and the spectre of even more hikes for the rest of 2018 is but the latest in the apparent gradual demise of the low-rate regime that has long characterized the Canadian market: Even before the BoC decision, 5 of the largest Canadian banks have already hiked 5-year fixed rates 15 basis points to 5.14% the week before.more
Robert J. Morrow: Editor & REALTOR(R):
firstname.lastname@example.org (905) 536-4644
Hamilton Home Review:
Copyright 2010-2018 Robert J. Morrow
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 law.
Canada remains one of the bright stars in the global real estate market despite a slowdown in 2018.
A new report from Fitch gives Canada a stable/negative rating as low arrears clash with rising house prices which are at risk of declining. It's forecast for 2018 is for prices to rise 5% (around half of 2017's increase) and for mortgage arrears to remain at the 0.3% level of 2017. more
We'll get to know you and your family and you can follow our out-of-work antics too!
$5500 Kitchen Renovation and Remodeling Special
No, we don't have any experience with these guys...yet. They're doing some heavy advertising and their page pops up high on Google search. If you're interested in trying them out, let me know. Here's their website. And their testimonials page. This is almost half the price of what our contractors can do. Is it a gimmick? We don't know yet. We need a guinea pig. Anyone game?
Earlier in February, a report on various aspects of rentals in Hamilton was provided to City Council.
Much of it was not surprising and a lot of it discusses the history of the licensing issue in the City.
Some items that will be coming into play over the next few months, however, are of interest to us as investors in second suite units.
I suggest you take a few minutes and read it for yourself. Essentially, some of the important things I got out of it are:
1) There will be NO licensing in Hamilton of rental units
2) Student housing will come under Lodging House rules and regs
3) Some of the compliance bylaws that are outdated will be revamped ie: parking, size of unit, etc. And become easier for owners to convert legally.
Makes for interesting reading. If you have any comments, thoughts, concerns, place them in the box at right. I'd love to publish them in the next issue.
The Rental Licensing Debate (Update)
While Ontario landlords are looking to ban marijuana use in their rental units and several municipalities don't want legal cannabis stores in their neighbourhoods, a recent U.S.-based study suggested that recreational pot could lift property values. more
Investor alert!! walk to Mohawk college. House is very close to the college and shopping. Easy to rent. Fully rented to May 2018. Landlord pays utilities. Present rent $2650.00. Great Tenants in the house now. Renovated kitchen and bathrooms.Vacant possession available. This is a Student Residence.
This house was on the market last fall, and a couple of our people were interested, but the Sellers had an issue to resolve. It's back on the market now and is a great duplex contender.