Nobody likes to spend more for their daily expenses, so last week’s news of the 3.7% inflation rate was not well received. According to Statistics Canada, it was the largest annual spike since October 1987. A lot of attention has been paid to the rising costs of food or used cars, as well as in…
There may be uncertainty in the future for our country’s real estate market, but young Canadians are undeterred and remain optimistic about the prospect of buying a home. Nearly 1 in 5 Canadians aged 18-34 say the pandemic has accelerated their plans to purchase a home or investment property, according to a recent Scotiabank survey. The…
New week, almost new month, and it’s already springtime! January may have gone by slowly, and now we’re already looking at the summer… What has this meant in the Canadian economy and the real estate market? The federal government announced the 2019 budget last week, and without going into too many details, have launched a…
Let’s talk about technology! It is disrupting the world we live in, and every industry known to us is attempting to be simplified (and disrupted) thanks to it; recruitment, dating, retail, and travel to name a few. But of course, the major topic of discussion this week is our profession, real estate and mortgages! …
A recent post on our social media pages and a couple of paragraphs in an older blog briefly discussed the different between a 15 year and 30 year amortization, and the different between the two of them. In real estate, amortization is an accounting term that refers to the repayment of a loan principal over time. Please…
When we speak of mortgages, it’s always about families with a stable income that will comfortably pay it off after a certain time. What is never spoken about are entrepreneurs and their housing plans; as we know, being self-employed means your salary can vary on a monthly basis, but being an employee on a payroll…
This week presents a relatively new topic we have not really discussed before or educated you on – but important in the real estate industry and property ownership – some legal measures of real estate. Zoning by-laws are not the only source of…
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…
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…
This month, we’re doing something a bit different with our blogs, and are pleased to invite Ottawa resident Jason to write a two-part blog on his story with the house he owns in Sandy Hill. The second part will be published two weeks from now, so please stay tuned a fun post-Christmas read! …
