Did you know that two out of three Canadian families own a house? That is one of the highest rates of home ownership in the world. And for good reason . Real estate is a great investment.Return on renovation costs: How much will you get back?
Posted by Steve Harmer on
Projects that can increase -- or decrease -- the value of your home
Canadians are investing in home improvement like never before. While most plan to spend reasonable sums, others say they'll go all out: luxurious materials, home theatres, a Jacuzzi on the patio...even $60,000 kitchens are not that unusual! But how much of their investment will be recovered when their house sells?
Homeowners tend to embark on renovation projects to meet their needs, improve their quality of life or simply pamper themselves with a little luxury. But even if you're renovating primarily for your own sake, you should try to assess the post-project increase in the value of your house, just in case you ever want to sell. There is also the fact that a renovated house will…
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With home prices moving ahead at a healthy clip, people are choosing to purchase a property with a friend or relative.
How much of a mortgage do you qualify for? You went to your bank and they told you $xxx,xxx – are they right? Your dream house costs a bit more, so is there any way to get the extra funds? If the property has a rental suite, and you have a good mortgage broker on your side, the answer is likely “yes”.
If you fall in love with a fixer-upper, you may find yourself in a tough spot figuring out how to pay the mortgage and cover the cost of renovations or postponing renos until you can afford them.
Is It Possible to Get a Mortgage with Bad Credit in Canada?
With the upcoming preparation and approval of its budget next month, the British Columbian government is set to tackle housing relief as a primary concern.
Spring and all its glory is right around the corner—just take a look at the signs all around you.
So are you looking to buy a home in Kamloops? Tired of looking on www.mls.ca and constantly sorting out the good from the bad? Ever wonder how folks get to see the latest properties first?
TORONTO, January 13, 2016 – Canada’s residential real estate market showed strong growth in the fourth quarter of 2015, led by hot Vancouver and Toronto markets according to the Royal LePage House Price Survey and Market Survey Forecast released today. Looking forward to 2016, Royal LePage expects continued price increases in most markets, but not at the pace that has been the recent norm. Instead, the national real estate market is expected to slow later this year, principally due to the effects of a dampened economy in Western Canada and eroding affordability in Toronto and Vancouver.
As a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades.