Posted by Tanya Chu
Chris Olson from Olson on Your Side explains the things to be aware of when you buy into a strata.
http://www.ctvbc.ctv.ca/servlet/an/local/CTVNews/20080104/chris_olsen_080104/20080104/
This blog captures information that are useful for real estate investors, whether the novice or the intermediates. It has tips and advice from professional real estate investors.
Thursday, June 18, 2009
Re-Negotiating Your Mortgage
Watch Chris Olson in this CTV special:
http://www.ctvbc.ctv.ca/servlet/an/local/CTVNews/20080104/chris_olsen_080104/20080104/
http://www.ctvbc.ctv.ca/servlet/an/local/CTVNews/20080104/chris_olsen_080104/20080104/
Monday, June 15, 2009
Legal Considerations When Buying a Condo
Are you thinking about foregoing your deposit for your condo? Is your condo developer delaying or canceling the project? Know your legal rights and obligations before you make a move. BNN interviews Valentine Lovekin, Partner at Lovekin Law in Toronto.
http://watch.bnn.ca/#clip143748
http://watch.bnn.ca/#clip143748
Should you Invest in Stocks or in Real Estate NOW?
Watch this debate on BNN: http://watch.bnn.ca/#clip143764
Guest Judge: John Hrynkow, president, Canadian Home Builders Association.
Guest Judge: John Hrynkow, president, Canadian Home Builders Association.
Should you buy in the US now?
Watch this debate on BNN with Guest Judge: Philip McKernan, real estate investor & president, Philip McKernan Inc.
http://watch.bnn.ca/#clip144168
http://watch.bnn.ca/#clip144168
Fixed or Variable Interest Rate?
Watch the discussion on Fixed or Variable on BNN. Listen to Boris Bozic, President & Founder of Merix Financial. Merix Financial offers one of the lowest interest rates for mortgages in Canada.
http://watch.bnn.ca/#clip144597
http://watch.bnn.ca/#clip144597
Foreclosure Sales - Explained
For those searching for less conventional means of buying a home, foreclosures may be a viable option. BNN talks to Wade Fenner, president, Foreclosures Canada Info Systems.
http://watch.bnn.ca/#clip144594
http://watch.bnn.ca/#clip144594
Should you Rent or Buy at the Current Market?
Watch this video clip for the answer:
http://www.youtube.com/watch?v=ULF-gD_suhs&feature=PlayList&p=D28CC8E745F00AED&playnext=1&playnext_from=PL&index=9
http://www.youtube.com/watch?v=ULF-gD_suhs&feature=PlayList&p=D28CC8E745F00AED&playnext=1&playnext_from=PL&index=9
Surprising Rebound in Canadian Real Estate Market
Despite the doom and gloom in the economy, Canada's real estate market is starting to see signs of revival, particularly in Saskatchewan, the province of potash and uranium. (See below news article) Consumers and investors seem to have regained their confidence in the market and are buying and investing.
However, keep in mind that generally, real estate sales are better in the summer anyways. And with consumers having been conservative and money-conscious since winter, they are starting to let loose and treat themselves with something good.
Sales of existing Canadian homes rebound in May
However, keep in mind that generally, real estate sales are better in the summer anyways. And with consumers having been conservative and money-conscious since winter, they are starting to let loose and treat themselves with something good.
Sales of existing Canadian homes rebound in May
Updated: Mon Jun. 15 2009 14:17:12
The Canadian Press
OTTAWA — Resales of existing Canadian homes showed continuing improvements in in May, with both the number of transactions and the national average price on the rise, according to the Canadian Real Estate Association.
There were 49,521 existing homes sold in May, less than one per cent below the comparable month of 2008.
The national average sale price in May hit the highest monthly level on record, at $319,757, which was up four-tenths of a percentage point from the previous record in May 2008.
The real-estate association said the dollar value of sales through its members reached $11.4 billion in May, up 10 per cent from the previous month and more than 50 per cent above the low of $7.5 billion in January.
The association said the the rebound in activity was led in some of the most expensive local markets in Canada and that had the effect up pushing the national average price upward.
On a seasonally adjusted basis, the number of sales in May was eight per cent above April's and 43 per cent above the low point in January.
Although the number of resales has been rising, fewer properties have been put on the market through the Multiple Listing Service run by CREA members.
New listings fell to a seasonally adjusted 65,070 units in May, 19 per cent below the peak reached a year earlier and the lowest since December 2005.
"Inventory levels are still high in many markets, but fewer new listings and rising sales activity suggests that the selection of homes available for sale may shrink as the year progresses. The supply of homes up for sale needs to be drawn down further before average price increases become more widespread among local markets," said CREA economyist Gregory Klump.