Greater Toronto Area Real Estate Values Are in Bubble Territory

Greater Toronto Area real estate prices are in bubble territory! I have previously written about ridiculously high real estate prices. I can’t help, however, but to write another very short post on this topic because it has hit much closer to home…as in across the street and four doors down from our home. Continue reading “Greater Toronto Area Real Estate Values Are in Bubble Territory”

BC HOME Owner Mortgage and Equity Partnership – Is this really wise?

The Province of British Columbia recently introduced the BC HOME Owner Mortgage and Equity Partnership (BC Home Partnership program). The purpose of this program is to assist British Columbia residents who are eligible first-time homebuyers by providing repayable down payment assistance loans. Continue reading “BC HOME Owner Mortgage and Equity Partnership – Is this really wise?”

Real Estate Values in the Greater Toronto Area are Unrealistic

I was just reading an article in The Globe Real Estate section of the December 16, 2016 edition of The Globe and Mail. It highlights how real estate values in the Greater Toronto Area are unrealistic. The article, entitled “Shock Market”, references the real estate market in a municipality located just a short drive from where I live.

In early 2016, properties were selling for $200,000 more than asking. By May 2016, properties listed in the $1.4 Million range were selling for $500,000 above asking. In some exceptional instances, properties in this price range were selling for $1 Million more than the asking price. Continue reading “Real Estate Values in the Greater Toronto Area are Unrealistic”

Residential Rental Property Investing Tips From the Trenches

Some readers have inquired as to what is involved in the purchase of a residential rental property. While I am happy to provide residential rental property investing tips which we learned through experience, we have only purchased residential condos in Ontario.

We are certainly not real estate experts. I, therefore, strongly encourage you to seek professional help from a reputable real estate broker/agent and a lawyer with extensive experience with investment properties if you are interested in residential rental property investing. Purchasing a Residential Rental Property