August 2018
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How to design a basement suite

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INFORMATION ON THIS WEBPAGE IS NOT MEANT TO SOLICIT CLIENTS AND/OR PROPERTIES ALREADY UNDER CONTRACT.

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Venture Investment Properties
Chris Shebib: Managing Director
Martin Kuev: Managing Director & REALTOR
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Chase Realty Inc., Brokerage
398 Wilson St. E, Ancaster ON
905-648-3333

Robert J. Morrow: Editor & REALTOR(R):
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Hamilton Home Review:
Copyright 2010-2018 Robert J. Morrow
Chris
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Rockstar Realty Inc., Brokerage
165 Cross Ave #6, Oakville, ON
905-361-9098

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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Basement design ideas: Before & After
 
How to Plan Your Basement Layout
Windsor making it easier to create basement suites
Canada's housing sector faces high degree of instability for eighth quarter: CMHC
The Canada Mortgage and Housing Corporation says the country's housing sector is facing a high degree of vulnerability to market instability for the eighth straight quarter.

The Crown corporation attributes the vulnerability to overvaluation and price acceleration in Toronto, Vancouver, Victoria, and Hamilton.

It rated Edmonton, Calgary, Saskatoon, Regina as having moderate levels of vulnerability and Winnipeg, Montreal and Halifax among those with low risks.

CMHC says it is seeing signs of moderate overheating in Vancouver although price growth has been slowing over the last two quarters and detached properties in some areas are seeing declining prices. more
What property investment to buy?
36 Ward Ave., $299,000
This one almost warranted a separate HOT LISTING mailing. A student house in the heart of West Hamilton for under $300? Unheard of. Now, this isn't prime real estate, I assure you. But the ROI is outstanding (apx. $1,000 per month). There are 6 bedrooms, renting for an avg $400 per room (small rooms). It's electric heat and is a very old structure. But at this price, it's worth considering.
Are you trapped by golden handcuffs?
Looking to tour Hamilton for potential investment properties? Don't wait for an official tour, just ask below and we'll set up a personal one that fits your schedule.
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With vacancy rates under three per cent, and unprecedented waiting lists for affordable housing, finding an apartment "is very, very difficult for many folks," said Housing Information Services of Windsor and Essex County executive director Anna Angelidis, who hopes the new policy will result in more affordable units.

"It's not going to be the answer to affordability issues and the demand for affordable units, but it will help." more
Be wary when buying turnkey
At Venture, education is the most important factor of our mission. Here is an article that discusses why "legal" suites are the safer route to go, even if you have to buy an "illegal" one to get there.

Selling homes with basement apartments is an area filled with landmines given the plethora of illegal income properties in cities across Ontario, according to Toronto real estate lawyer Bob Aaron.

"Even though they're illegal, it doesn't seem to stop people from buying them", says Aaron. "Everybody seems to go, 'Wink, wink, we know it's illegal but we'll buy it anyway because we can get a lot of money every month and it will help pay the mortgage.'" more

Where to get answers
Do you know where to go to get answers to questions like: "how much does a permit cost?" or "what permits do I need?"  The City of Hamilton's website building section is a good place to start:

https://www.hamilton.ca/home-property-and-development/building-renovating