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…
Our last blog showed an analysis of the nationwide real estate market during the month of September, where prices had gone up and in most cases, sales as well. The real estate market in the country has generally been doing well, especially with rise of foreign investors on the West Coast. But are things set…
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…
The very people who raise our cattle, grow our fruits and vegetables, often overlooked by everyone, especially the media. Ottawa farmers feel like they are in trouble now thanks to liberal tax reforms that could see them lose their lands and income to feed their families. Farming is not exactly the most…
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…
This weeks’ blog is dedicated (and a warning!) to those who want to buy their first home. The following are suggestions of what NOT to do in the purchase process. Buying the wrong home is too big of a financial mistake to make, so take your time and as they say, “enjoy…
It has been a while since we have touched back on this topic, and given summer is a season where many transactions take place in the real estate market, we thought it could be a good idea to remind upcoming homebuyers of the process behind a future purchase. A mortgage…
