Ten tips for getting a fair price on a home

Whether it’s a buyer’s market or a seller’s market, all homebuyers have one thing in common: they don’t want to get ripped off. But how do you know if you’re getting a fair deal on the home you’re prepared to place an offer on? Read on to find out how to evaluate the price of… Read More

How to get the best return on your home renos

Are you making upgrades to your home with an eye toward improving your home’s resale value? If so, consider these suggestions before you get started. Check out the Competition When selling is your end game, the golden rule of home remodeling is to make your home comparable to others in the neighbourhood. If you over… Read More

Five renovations that are cheaper in the summer

Depending on where you live and the local climate, the summer months can be an ideal time to do home renovations, especially if outdoor work is involved. (Make sure you know what your real estate investment is worth before you sign the ownership papers. See Valuing A Real Estate Investment Property.) There are several reasons to… Read More

Canada property results improve on deals, leasing

TORONTO/BANGALORE — Canada’s biggest office and retail landlords reported strong quarterly results on Friday, boosted by acquisitions and long-term leasing renewals. Brookfield Office Properties and RioCan Real Estate Investment Trust REI said funds from operations, the most closely watched performance measure for REITs, rose in the three months to the end of June. Even so,… Read More

REITs going strong, analysts say

Property fundamentals are “very positive,” CIBC analyst Alex Avery told the Globe and Mail yesterday. Avery cites a high occupancy rate, rising market rental rates, inexpensive debt and limited new construction. According to CIBC, REITs raised more than $4.6-billion of public capital and acquired about $6-billion of property last year. Aside: Note that REITs, like… Read More

Houses today “questionable investment value”: Carrick

Columnist Rob Carrick cautioned homebuyers looking to get rich quick through their house in an editorial in The Globe and Mail today. While the housing market has been booming in the past decade, most analysts believe housing prices in Canada will only modestly increase (or decrease) in the near future due to various economic factors…. Read More

A home is not strictly investment, Canadians surveyed say

Most Canadians planning to buy a new home in the next two years favour location and price over resale value, so says an online survey by Leger Marketing and BMO Bank of Montreal. Two-thirds of Canadians surveyed also indicated that a “good feeling” toward a property as a reason to buy. Cynics may snicker at… Read More

REITs outperform condo investments? Not necessarily

Buying a REIT is always more profitable than a condo – at least this is according to a study published by Macquarie Capital Markets Canada Ltd. and discussed in the Globe and Mail last week. For many real estate investors, it’s a surprising conclusion, so let’s dig deeper. First, here are Macquarie’s assertions, where they… Read More

Top 9 tips when buying cheap Florida real estate

Canadian winters certainly make buying a getaway in Miami or Tampa Bay an attractive proposition, and low prices thanks to the US housing crash has made real estate in Florida almost irresistable. However, hidden danger can lurk for inexperienced would-be homeowners. The Florida real estate market is still in recovery: almost 17% of Floridian homes… Read More

Paying too much property taxes?

Rising home values can be a double-edged sword. While it’s a boon for the homeseller, it means the taxes a homeowner pays on the property may also skyrocket. According to the Municipal Property Assessment Corporation (MPAC), property values in the City of Toronto overall rose 15% between 2008 and 2010. The Saturday Star interviewed a… Read More