Anyone who has bought a ticket in lotteries such as the Princess Margaret Welcome Home Lottery has dreamed of winning a beautiful new home. Why is that after most lucky winners take ownership, we see a for-sale sign on the lawn.?
The dream of owning a multimillion dollar home for many people, but it seems most past winners consider that turning around and selling the prize home doesn’t ...
Read More →Property owners in Ontario have been receiving their revised property assessments recently.
Some people are concerned their Property Assessments are higher than the property is actually worth, while others are excited because they intend to sell their property and hope the Property Assessments will help their resale value.
There is an important distinction between Property Assessments, Appraisals, and a Comparative Market Analysis (C.M.A.).
For a full description of Property Assessments and what they mean, you ...
Read More →Good real estate generally is considered one of the best long-term investments you can make. Figures from the Canadian Real Estate Association show that the average price of a home in Canada has increased by about 460 per cent since 1980.
There are some simple ways you can protect and even increase the value of your property.
Michael Shuster, Real Estate Strategist with Keller Williams Realty in Toronto, offers some great suggestions:
1. First and ...
Read More →Mistakes that cost you money don’t just happen to people who are just starting out as a real estate investor, says Michael Shuster, Real Estate Strategist.
There are common mistakes that newbies make, but there are also common mistakes we see a lot of experienced investors make.
Knowledge is power, and if you are aware of these pitfalls, you will hopefully avoid these mistakes and make more profit.
According to studies, colds and flu bugs are passed between people more often in your house than in any other location, including school or work. Of food-based bacterial infections, 65% are picked up at home.
You can reduce your family’s exposure to germs at home though!
According to The Lung Association, you are 200 times more likely to pick up a germ in the kitchen than in any ...
Read More →I’ve been to many Real Estate auctions in the United States, but while they tend to happen regularly in the United States, they are generally quite rare in Canada, says Michael Shuster – Real Estate Strategist!
Yesterday, Ritchies Auctions held a rare real estate auction to sell a Bridle Path property in Toronto to a lucky [highest] bidder. Unlike auctions designed to sell other types of products, or a tax-sale real estate auction which can occur ...
Read More →Investors/Landlords never want to risk scaring your tenants away by raising their rent. But what if you could do it successfully? Perhaps raising your tenant’s rent is not as risky as you think?
Never forget that your Rental/Income properties are a business. Unless you are running a charity or buying investment properties for philanthropic reasons, you should be constantly trying to increase income while at the same time, decreasing your expenses. One of ...
Read More →You can count on the news for weather updates, traffic updates, and sports updates. While there once was a time the public turned to the media for knowledge about the world in which they live, nowadays the same media might actually be confusing people.
We all know doom-and-gloom headlines sell, and the media is in business to make money after all. But when it comes to real estate, recent headlines sell stories but fails to actually provide the public ...
Read More →The Toronto Condo Market even made it to the Wall Street Journal this week.
Ann Hannah, Toronto Real Estate Board (TREB) president, said in a release with the figures that a glut of completed condo building projects in late 2011 and early 2012 had lots of investors trying to sell their units at the same time.
The latest statistical glimpse into this sector isn’t likely to cast those worries aside. Condominium sales fell 20.5% in ...
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