We are now at the beginning of March, and the new mortgage rules are seeing their effects on potential future homeowners, especially younger people with lower income than baby boomers. These mortgage rules, however, should not completely stop you from going after your dreams! There are still ways to figure out a home purchase, without…
Over the last years and a half, most pieces of news concerning real estate in Ottawa have been very positive – many record breaking numbers of sales per month as well as new construction/renovation projects. Something very interesting is happening in Canada’s capital and we’ll be talking about it for this blog! In 2017, 17,803…
We are now in 2018 – and the real estate market in Canada has brought fresh changes to the way we will be buying houses now and for the many years to come. And it’s not just an issue of very high prices anymore… On New Years’ Day, a new mortgage rule was approved that…
This is our last blog of 2017, and we thought we would use this opportunity to ‘review‘ the many topics we have covered in the last 12 months. There are two published blogs per month and under each month, a very brief summary of topics covered. January We began the year by discussing factors that could affect…
Mortgage rules. October 2016 saw a drastic change in banking policies who lend money to homebuyers by adding more regulations against those with unfavourable incomes but want expensive homes. October 2017 also saw some additional changes with more enforced regulations. So what will 2018 bring? The 1st of January 2018 will see…
As we start looking into the real estate market of 2018, many things could start changing, but this time we are looking at the inside of homes. Technology has not only invaded our personal and professional lives, but now taking over our homes in more ways than we can imagine. What is…
Before we even begin, I do not mean investing in a whole town! This blog is going to discuss investing in properties located in small towns, specifically Ottawa. And let me say, it’s not necessarily ideal. The problem with small towns is the low market appreciation. Around Ottawa, you have towns such as Smith Falls…
The real estate industry in Canada is always intriguing. It always generates interest from within and abroad, and the papers are always claiming that the number of transactions are always outdoing themselves months after months, even year-on-year. So what is happening so far this fall? The statistics from the CREA appear…
Last week, I had the pleasure of speaking to a friend who recently bought a home in Ottawa, as to get some insights about his experience with the building and mortgages. David and his partner moved into their home in December of 2016 and here is the conversation we had. Eric: How did you go…
Being in between the sale of your home while looking to buy a new home can often be stressful. If you cash in too early on your current one, you may end up wasting time renting an apartment, as well as a large volume of storage space for all your furniture and belongings. On the…
