What next in Canadian Housing?

Following the small increase in national home sales revealed by CREA Monday, the association has updated its forecast for the housing market.

Although acknowledging the strong economic and demographic fundamentals which support the housing market in most of the country, the forecast highlights the policy headwinds that are creating barriers for homebuyers. more

Advertisements

Opportunities in London, Ontario

Through an associate in the London, Ontario market we can now offer some great investment opportunities in Student Housing.
We have been doing it in Hamilton for the past 15 years and London has always been the only other location we would consider, mostly due to municipal rules and regulations.
Here is a list of current properties available. Use the Contact Me link to if you would like to learn more.

Interview with Marketing guru, Darren Cabral

What a great opportunity to tell my story. The fact that people can benefit from my experiences is very positive. I’m excited to tell my story in this manner and hope others get something out of it that will help them in their careers.

Here’s the link to the Apple podcast:

https://goo.gl/fUtnsG

 

Hamilton Home Review, February 2018 Edition

We’ve re-launched Hamilton Home Review, this time focusing on investors, especially those who are members of Venture Property Investments. I have been acting as the RE Liaison with Martin and Chris of Venture for about a year now and this is how we keep in touch with our clients, new members, and past owners.

If you click this link, it will take you to the most recent edition

Major lenders hike rates following Bank of Canada decision

Businessman presenting chart

Canada’s major banks have been quick to react to the Bank of Canada’s decision to raise interest rates to 1.25%.

CIBC, RBC, Scotiabank and TD were among the first lenders to increase their prime lending rates by 25 basis points to 3.45%; the new rates take effect from today (Jan 18) more

Sold Strategies goes to #1!

FREE download till midnight tonight (Wed). Ranked #1 in Do-it-Yourself and #2 in Real Estate. Reviews appreciated! If you’re thinking of selling your house, you need this book!
https://goo.gl/lFjdz8

Government thinks these measures will cool the hot market. Are they aiming at the right places?

As a REALTOR, part of me wants to see the gov’t do something about escalating prices. But the other side of me has investors who are paying too much for homes, then being forced to pass it on to renters with higher initial rents. Capping increases will help, yes, but what about the high starting rent? And these investors aren’t foreigners, their Toronto investors coming to Hamilton. Conrad Zurini (Remax) said today on radio that Hamilton has been undervalued for years and that some of these prices are accurate. But the banks don’t agree since they don’t appraise them for the amount we’re paying in bidding wars.

What’s the answer? Anybody’s guess. We’ll see what they actually do. In the following article, the gov’t is hinting at dealing with REALTOR practices (big surprise), as well as foreign investment. I don’t think they’re aiming in the right direction. Shouldn’t banking practices be brought into play also? After all, they are the industry making the most money in this environment.

Here’s the article: http://www.repmag.ca/business-news/ontario-to-place-15-per-cent-tax-on-foreign-buyers-to-cool-gta-housing-market-sources-224385.aspx