If you’re starting a business and need commercial space or if you’ve outgrown the space you are in, then it’s critical that you consider several factors before you sign your lease. Key Lease Clauses First of all, give careful thought to how long you think the new premises will meet your business needs. You don’t want to be saddled with a lease that’s too long if [...]
From splitting expenses, to sharing chores and everything in between, there are many benefits to living in a multi-generational home. This living arrangement can help reduce stress, save money and strengthen a family’s bond. Many homeowners tend to pass on this type of living situation, feeling they could lose their privacy or independence, but it is possible to re-design a home to ensure that [...]
Housing affordability continues to be a thorn in the sides of many Canadians. While the government is introducing some measures to make buying your first home more feasible, time will tell as to whether they actually help. In the interim, however, more and more Canadians are getting creative with ways to break into the housing market. Joint ownership is one way to do it, allowing the owners to [...]
A renovation is a great way to boost your property value and improve a home’s liveability. Unfortunately, renovation horror stories are a dime a dozen. You’ve likely heard a few doozies, and perhaps you’ve even told some yourself from personal experience. From lost deposits to blown budgets and missed deadlines, these scary tales are enough to keep you up at night. And the worst [...]
Taking that first step on the real estate ladder can mean a steep learning curve when it comes to financial terms and how they affect you. One common area of confusion for those entering into the real estate market is the terms real estate and property taxes, which are often used interchangeably. So the real question is, are “real estate taxes” and “property taxes” [...]
Canada real estate trends reported by the Canadian Real Estate Association (CREA) are indicating a month-over-month decline in home sales. CREA’s release reports national home sales fell by 0.9 per cent in December 2019 compared to the month prior, “ending a streak of monthly gains that began last March.” At the local level, CREA’s data reveals an almost-even split between housing markets were home sales rose versus where [...]
The Canadian real estate market is confusing enough without having to look at it from a global standpoint. However, sometimes you have to look at the bigger picture to help put things in perspective. According to the Knight Frank Global House Price Index, Canada is sitting at the bottom of a global housing slowdown. In 49th place of 56 housing markets, the report which tracks annual [...]
The impact of climate change affects us all. Not only are the Earth’s temperatures rising, we are seeing more natural disasters as a result of the phenomenon and natural habitats are declining at an alarming rate. The good news is, there are small steps you can take for a more energy efficient home, that go beyond recycling and composting. Consider the following tips for [...]
House flipping has been on the rise for some time and with a number of popular house flipping television shows being broadcasted daily across the country, it is easy to see why it is so appealing. A short, thirty-minute episode makes the overall process look pretty easy to flip a home and resell it for a large profit, but don’t be fooled! There is [...]
Average home price expected to rise by 3.7% next year • Increased consumer confidence could be a key factor affecting the housing market in 2020 • 51% of Canadians are considering a home purchase in the next five years, up from 36% at the same time last year • Only two in 10 Canadians say that the mortgage stress test negatively affected their ability [...]
