Two proposed subdivisions set to create new opportunities for luxury homebuyers in Canmore
Canmore's sizzling real estate market is about to get a welcome influx of new product for interested homebuyers.Two new proposed phases of the 600-acre Silvertip resort development, perched atop the slopes to the east of the TransCanada Highway, will include more than 100 luxury tourist homes.Marketing for one of the phases ? the development's first-ever resort chalets, known as Silvertip Village Lane ? ...
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posted in Investing
at Fri, 18 Feb 2022 17:28:18 +0000
Mortgages for Investment Properties ? What You Need to Know
Has the idea of buying an investment property ever crossed your mind? Maybe you?d like a place to rent out and have someone else pay some or all of your mortgage while you build equity in a tangible real estate asset, or perhaps as a home for your child to live in.Whatever your reason, investing in an additional property (or multiple properties) can be a good way to accomplish those goals, but there are also some key considerations ...
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posted in Investing
at Wed, 19 Jan 2022 22:48:18 +0000
We recommend to Ask yourself a few questions:
1.Do you want something that can produce a rental income, or perhap want some Tulum real estate to be used for vacation rentals part time?
2. Is buying real estate in Mexico a life-long dream, and a place you plan to spend your winter months for years to come?
3. Are you near retirement age and want to buy a house in a beautiful climate, one you can share with other members of your family?
4. What about amenities? Would you prefer indoor parking? ...
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posted in Investing
at Wed, 09 Jun 2021 20:53:40 +0000
photo Withrow laneway house
For an urban planner, they?re called infill homes, but you may refer to them as laneway houses. We?re talking about infills added to residential properties, as the term is also used commercially. Any new or replacement building on an old lot is technically an infill, but in contemporary use, it often describes a second house built on a single lot.
In 2020, Canadians were asked to stay home. This meant people started to see their homes differently and many were eager ...
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posted in Investing
at Tue, 06 Apr 2021 16:10:42 +0000
Saving up a down payment is hard work, and it?s getting more difficult to achieve the required savings as prices continue to rise in certain hot markets (due in part to low interest rates spurring high demand), outpacing what you might be able to save on a monthly basis. Thus, pooling resources, and buying a home as a group with the intention of living together, is becoming increasingly more popular.
Whether you?re a first-time homebuyer, or this is your second or third property, the financial ...
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posted in Investing
at Tue, 23 Mar 2021 21:59:56 +0000
Whether you?re trying to break into the real estate market, downsizing from a larger home or longing for more space for your growing family, there?s probably a tiny house for you. In addition to the trendy appeal to build a compact house on wheels and live an adventurous nomadic lifestyle, living large in a tiny house offers up a wealth of options?and their popularity is surging.
Canadians are curious
The Canadian Real Estate Association has reported record sales activity over the last few ...
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posted in Investing
at Fri, 19 Feb 2021 17:40:46 +0000
The long, dark days of winter are upon us, and with COVID-19 still keeping us closer to home, we?re keenly aware of all the maintenance tasks we?ve put off or let slip through the cracks.
And we hate to break it to you, but it?s time to get to work.
We know you?re wondering if you can get out of this. Must you really hit pause on your newest Netflix binge session and do, ugh, chores?
Well, no. You don?t have to do anything. But if you do, we guarantee you?ll save some money?and maybe even your ...
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posted in Investing
at Wed, 17 Feb 2021 20:16:42 +0000
Whether you?re a prospective homebuyer or an existing homeowner already paying down a mortgage, ensuring your finances are in good order is crucial for your overall financial health.
With tax/RRSP season just around the corner, now is a great time to review your current financial plan to identify potential improvements.
This could mean relatively small changes that could improve your credit score?which could get you access to better interest rates. Or it could involve something more ...
posted in Investing
at Sat, 13 Feb 2021 19:00:48 +0000
Historically low interest rates are helping boost the residential real estate market in Calgary and across the country, with the trend expected to continue throughout 2021.
?The decline in interest rates since last spring gave a sizable break to buyers by lowering debt service costs. This has undoubtedly attracted more buyers into the market,? said Robert Hogue, senior economist with RBC Economics, in a recent report on the Canadian housing market.
?We expect interest rates to stay low though ...
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posted in Investing
at Tue, 09 Feb 2021 19:36:32 +0000
Long before the stock market existed, before salt was considered as valuable as gold and before humans first struck oil, the asset that was most sought after was land. Real estate investing has evolved, but today investors still seek out land as a way to diversify their assets, earn income, and increase their net worth.
These days, however, many Calgarians are asking whether or not real estate is still a good investment. The question is timely given the local and national housing market with ...
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posted in Investing
at Thu, 04 Feb 2021 22:26:43 +0000
Whether you are a real estate mogul or just getting started with your first rental unit, if you?re receiving money for rent, your silent investor needs his cut paid. Never heard of this silent investor? We are talking about Canada Revenue Agency (CRA) and they always get their share through taxes.
The good news is that there?s many different tax rebates and deductions that can help you reduce how much tax you have to pay. In this article, we will cover tax rebates most landlords don?t claim ...
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posted in Investing
at Sun, 17 Jan 2021 20:27:16 +0000
When buying your first home, there are more costs involved than you may expect. Between moving expenses, legal fees, inspections and taxes, purchasing a property involves a lot more than just saving for your down payment. It?s not uncommon for first-time buyers to skip on budgeting for these expenses and then get sticker shock when all of the additional costs pile up.
Thankfully, first-time home buyers in Canada have exclusive access to programs to help offset some of the costs. From rebates ...
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posted in Investing
at Mon, 11 Jan 2021 23:46:32 +0000
In recent years, Canadians have been some of the biggest buyers of property south of the border, purchasing nearly $9.5 billion worth of U.S. real estate in the last year alone, according to a recent report by the National Association of Realtors. As we head into the start of a particularly unusual snowbird season under COVID-19 however, a significant number of Canadians are now in a ?wait and see? situation as to whether they will want to or be able to travel south to enjoy their U.S. property ...
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posted in Investing
at Sat, 02 Jan 2021 23:00:52 +0000
I watched a really good Webinar yesterday on Secondary suites - For more info and to watch it click here. Here are a few of the points I discovered"
- The City are waiving $900 of fees for permits until December 2021
- For a secondary suite -There are other options besides putting in a second furnace.
- For an existing suite there are differing rules than if you are building a new suite. An Egress window is the size of the unobstructed opening not the size of the window.
A secondary suite has ...
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posted in Investing
at Thu, 31 Dec 2020 18:28:11 +0000
Buying a property can be incredibly exciting and terrifying at the same time, especially if it?s your first . For a lot of buyers today, the idea of getting a killer deal is the ultimate goal, one that you may have heard is possible with a bank-foreclosed property (also known as a ?foreclosure? or ?real estate owned? property or simply ?REO?). Real estate prices over time are only going up, after all, so what?s the scoop on foreclosures?
Can You Get a Deal on Foreclosed ...
posted in Investing
at Thu, 24 Dec 2020 21:33:36 +0000
Historically low interest rates coupled with highly active markets might have you wondering whether now is the right time to purchase an investment property.
Canada?s housing markets have shattered records since the early summer, posting a 45.6% year-over-year increase in sales activity during September, according to the latest data from the Canadian Real Estate Association (CREA). During the first nine months of this year, 402,578 homes changed hands over Canadian MLS® Systems, a nearly 6% ...
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posted in Investing
at Fri, 11 Dec 2020 17:55:24 +0000
It?s the classic rate decision many mortgage shoppers are faced with. And it?s only been made more complicated since the start of the pandemic. Towards the latter half of 2019, variable rates were flying off the shelves with rates as low as prime ? 1%. A lot has changed since then.
In March, fears over the COVID-19 pandemic and the subsequent lockdown forced most banks and other mortgage lenders to cut their fixed rates from 3.95% to 2.45% within the span of just one month. At the same time, ...
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posted in Investing
at Fri, 04 Dec 2020 18:21:58 +0000
From staggeringly low sales numbers in the spring, to a breakneck summer recovery, Canada?s real estate market has felt like a roller coaster ride these last few months as a result of the COVID-19 pandemic.
In response to broader economic turmoil and uncertainty in the early days of the pandemic, Canada?s central bank cut its mortgage-market influencing key interest rate to the lowest level it says is possible. Many economists watching the central bank closely say these low rates will be here ...
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posted in Investing
at Fri, 27 Nov 2020 18:04:14 +0000
The Mortgage Refinance Process
When interest rates are low, it can be the ideal time to refinance your mortgage. After all, who doesn?t like a lower interest rate? There are lots of good reasons to refinance your mortgage, such as streamlining your expenses, investing in a secondary suite, or purchasing another rental property. But what?s really involved in the process?
Mortgage Refinancing: The Basics
Perhaps the best news any homeowner can get when it comes to a ?refi? is that it?s not ...
posted in Investing
at Tue, 24 Nov 2020 16:13:01 +0000
When you own a rental property, you know how important it is to have the right tenant. Good renters will take care of the property as though it were their own, leaving it as close to how they moved in as possible. Bad renters, on the other hand, make it obvious that they don?t care, since it?s not actually their house; it can take a significant amount of time and money to get your property back to rentable condition after they move out. Wouldn?t it be great if you could only rent to the first ...
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posted in Investing
at Wed, 18 Nov 2020 16:37:01 +0000
What is a ?good investment??
A good real estate investment, in our mind, is one that generates or has the ability to generate cash flow to offset the property costs. By using this simple evaluation method you are enabling yourself to withstand a reduction in rents should that occur.
How do I choose what type of investment property to purchase?
There are many types of investment properties to choose from ? everything from houses to apartment buildings to commercial strip malls to industrial ...
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posted in Investing
at Fri, 06 Nov 2020 19:22:49 +0000
Calgary-area REALTORS® Herb Styles and Ray Pfob are celebrating 50 years in the business this year ? an impressive milestone by any measure.
Both entered the industry somewhat by happenstance, but five decades later, neither man would trade his time in real estate ? including all the stories and bits of wisdom collected along the way ? for anything.
?It?s been one of the most exciting and fulfilling careers that I could have ever asked for,? said Styles, an agent in Calgary. ?I feel very ...
posted in Investing
at Thu, 29 Oct 2020 15:35:01 +0000
At the start of the coronavirus pandemic, a lot of people thought that Canadian housing markets would suffer a steep crash, resulting in a considerable COVID-19 discount on real estate prices ? particularly within the country?s urban centres. While there was a roughly six-week slump in some of the biggest real estate markets, many regions are already rebounding and reporting record activity in sales and prices. For now, the industry has defied the Canada Mortgage and Housing Corporation?s ...
posted in Investing
at Wed, 21 Oct 2020 16:12:21 +0000
We receive numerous questions from new and existing investors in regards to purchasing their next income property. As every personal situation is different, below is what we believe to be one of the best ways to make money while you sleep.
Real Estate investing has the benefit of utilizing the banks money for the majority of a property?s purchase price (mortgage) you don?t get that with stocks. The down payment that investors put in the property come from either: savings, existing equity, or ...
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posted in Investing
at Thu, 01 Oct 2020 16:18:24 +0000