There are quite a number of variables to consider when purchasing a residential income property.

You’ll likely want to eventually engage with a real estate agent, but prior to doing so it is important to conduct as much research as possible. Remember to approach the purchase with an unbiased attitude and evaluate your options based on factual information.
 
Here’s a look at some of the top variables to consider when evaluating potential properties.
 
1. Economic outlook. Locations that are seeing employment growth will typically have more people moving to the area – this should also increase the potential renter pool. Conversely, locations that don’t offer as much employment opportunity or have/will see large employers leaving town, will often

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Ottawa, ON, November 16, 2015 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales increased in October 2015 from the previous month.

Highlights:

• National home sales rose by 1.8% from September to October.
• Actual (not seasonally adjusted) activity was little changed (+0.1%) compared to October 2014.
• The number of newly listed homes was up 0.9% from September to October.
• The Canadian housing market remains balanced overall.
• The MLS® Home Price Index (HPI) rose 6.7% year-over-year in October.
• The national average sale price rose 8.3% on a year-over-year basis in October; excluding Greater Vancouver and Greater Toronto, it increased by 2.5%.

The number of homes trading

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The gap between variable rate mortgage and fixed rate mortgage products has narrowed in recent years. And while fixed rate mortgages are starting to rise they offer certainty in a monthly payment. On the flip-side, variable rate mortgages remain low, but are the riskier of the two choices – so how do you choose?   Your income, lifestyle and risk tolerance will weigh heavily on your decision and will inevitably determine which product suits your circumstance.   Risk versus reward   The appeal of variable rate mortgages (also called adjustable rate mortgages) is that the interest rate is typically lower than that of fixed rate mortgage products. However, the main drawback is the risk involved. Without warning, interest rates could increase…

Sometimes concepts in the finance world can be tricky. We get so caught up in trying to understand what all the offerings are that we forget to understand the simple things. When is the last time that someone said what a mortgage really is? Or explained why I can only buy a home for $350,000.00. We all have questions in the back of our minds that we don't articulate because we are just too embarrassed. Here are the top five things you are afraid to ask.

 

1. What is a mortgage?

A simple enough question but not one that people seem ready to admit to . A mortgage is a loan secured by real property, commonly referred to as real estate. In essence it is a contract that includes rights and obligations of both parties. The term actually comes from a

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I’ve seldom been on a Listing Appointment, where the seller is thrilled to hear the truth about where their home should be priced. There’s a reason for that, and that’s because sellers have an EMOTIONAL INVESTMENT in their homes and it pains them to hear the FACTS about today’s market!

What many sellers don’t realize is that neither Sellers or Realtor's set prices. The MARKETPLACE determines the price of homes, and that is true for just about any commodity that’s for sale. And who determines the market are the BUYERS! Perhaps the most challenging aspect of selling a home is listing it at the correct price. It’s one of several areas where the assistance of a skilled real estate agent can more than pay for itself.

Too high can be as bad as too low. If

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Everyone wants to get as much money as possible when selling their home, maximizing the cash pocketed or equity gained from the deal and better preparing them for their next purchase.

Market supply and demand fundamentals can provide a starting point to establishing a price, but other variables such as specific characteristics of individual properties, location and a seller’s financial needs and timetable must also be factored in.

It may not be a simple exercise, but it’s a critical one. List a property at too high a price, it might languish on the market and turn away potential buyers. List it too low, you might sell it quick, but you’ll be leaving valuable dollars on the table – or in someone else’s pocket.

“Price it right, and it will sell.

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A key concern of many home owners looking to sell a home is the exposure that their home will receive, reports the Digital Journal.

In the world of real estate, the more people that see the listings of homes for sale, the better the deal will be in the end for the home sellers. However, it is vital to ensure that those who are viewing the property are actually qualified and motivated homebuyers.

MLS® listings are one of the best ways to ensure that a property get the maximum and best possible exposure. The MLS® system spans most of North American, and the majority of home sales are done through the MLS®.

It's important to note, however, that simply listing a home on the MLS® can only go so far. With that in mind, here are two ways to get the most

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Updated : Oct 2015

Houses

 

• Median price $399,900
• Monthly growth 0.52 %
• Quarterly trend
• Stock on market 1.72%

House Report

Across the country as a whole, Kamloops is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices. The median house price listed in Kamloops this month is $399,900. If you’re looking at investment properties in Kamloops, then you’re most likely to find homes with 3 bedrooms on sale this month. From our data, it appears that neighbourhood is number 30th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10. It’s never an exact art, but to try to forecast how property is going to appreciate in

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Canada needs to do a better job cracking down on shady foreign investors, many of whom may be laundering ill-gotten cash through real estate purchases. That’s according to a new report by Transparency International, a Berlin-based watchdog group.

Lax standards in Canada, as well as countries like the U.S. and China, make it easy for billions of dollars of shady money to pour into cities like Vancouver, according to the Vancouver Sun.

Former Prime Minister Stephen Harper promised to toughen regulations at various G20 summits, but right now finance rules are lax enough that it’s hard to determine whether foreign “money launderers and other corporate kleptocrats” are snatching up properties in Toronto and Vancouver, Transparency International Canada

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OTTAWA, November 12, 2015 — Buying your first home is an exciting time but it also comes with many questions, concerns and in some cases, nerves. With that in mind, Canada Mortgage and Housing Corporation (CMHC) released today its 2015 First-Time Homebuyers Survey (#FirstTimeBuyers) coinciding with the fifth anniversary of Financial Literacy Month (#FLM2015).

“For many Canadians, buying their first home is the single, largest purchase they have ever made.” says Nathalie Fredette, Vice-President, Client Relationship Management. “Our aim is to provide mortgage brokers, lenders and other industry professionals with valuable information and useful tools so they can better guide their clients through this major life event.”

“CMHC’s survey results

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