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Canada's New Mortgage Rules and How They Affect a Homebuyer
Posted on Thu, 15 Feb 2018, 10:30:00 AM  in Home buying tips
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Canada's New Mortgage Rules and How They Affect a Homebuyer

Canada’s new mortgage rules will cause hardship for some new and existing borrowers. These rules went into effect on January 1 and applied to all new or refinanced home loans. Anyone who applies for a new or refinance loan will have to pass a stress test to ensure they can afford the mortgage.

In January of 2017, applicants who did not put at least 20% down when buying a home are required to have mortgage insurance. With these new rules, applicants who put 20% down or more are required to still face a stress test. These rules make it seven times since 2008 that the mortgage market has seen new regulations to limit the amount of debt a Canadian can assume.

Canadas New Mortgage Rules and How They Affect a HomebuyerThese guidelines will affect people in a variety of ways. If an individual is purchasing a home with a down payment of at least 20% or more, he or she will need to pass a stress test. This stress test requires the financial institution to qualify the application by using a minimum qualifying rate.

This rate must be equal to the greater of the Bank of Canada’s five-year benchmark rate. This rate can also be the Bank of Canada’s contractual rate increased by two percentage points. This stress test may require the buyer to wait to purchase the home with a more substantial down payment or choose a less expensive home. The average reduction would be around $31,000 or approximately 6.8%.

If the individual is renewing a mortgage, he or she does not have to face a stress test. However, if he or she do not pass this stress test, it limits his or her choice in lenders. He or she will have to stay with the current financial institution and will not be able to look for a lower interest rate. It is even possible that individuals who do not pass the stress test will be forced to agree to the uncompetitive rates from their current loan providers.

If the person is refinancing a current mortgage, he or she will have to qualify at a higher stress-state rate than the current contractual mortgage rate. An example is a home purchased for $500,000 with only $50,000 is owed. A person wants to borrow $20,000 for home repairs and renovations. The current loan was financed at 5.0% and is a fixed rate mortgage.

The lending institution would evaluate this loan using the new mortgage rules. The investment would be for $70,000, but the individual would have to be able to pass the stress test at 7.0% instead of the 5.0%. If the person does not meet this requirement, he or she may not be able to get the loan, or he or she may have to decide on a smaller loan amount.

People who signed a purchase agreement before January 1, 2018, will not have to pass this stress test. This fact is true even if the mortgage is not applied for until after January 1, 2018. This loophole applies to new construction and pre-construction sales also.

If the individual was pre-approved before January 1, 2018, he or she might receive 120 days starting on January 1 to purchase a home without the new rules being applied. If a mortgage refinancing commitment was signed before the last day in December, the borrower might receive this same consideration. The only way to ensure a person gets the home of his or her dreams is by successfully passing the stress test which means he or she needs to be able to financially afford the loan or have a more substantial down payment.

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Real Estate Market Interest and Growth
Posted on Wed, 31 Jan 2018, 02:30:00 PM  in Marketing strategies
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The real estate market is seeing a very big surge in interest and growth. Many real estate investors as well as the general public are finding that there is a great deal of money to be made in the field and the growth that is being experienced may last for quite some time. Because of current market relations, acquiring one’s own home or staking a claim in the field of real estate can be very easy. The expansion of the market as well as people buying and selling rapidly allows for anyone to jump in and find the home that they are looking for.


Real Estate Market Interest and GrowthThe real estate market in North America hasn’t always been great. It is only until recently that we have seen an upturn from past years of recession and decline. Many people who choose to enter the field find that it can be welcoming and easy to pick up. However, the part that makes it challenging is that it can be very hard to master. Knowing the intricacies of the market can make a huge difference in turning a profit, no matter if you are someone who is new to the field or someone who is a seasoned veteran.


The market fluctuates and there is no surefire way to predict success. However, there are ways to ensure that you have a net to fall back on or ways to recover from any problems you run into. Networking is vital for creating not only your customer base but strong relationships with other people working in the field. Many people do not recognize the value and take for granted many of the connections that they make throughout their careers. However, nurturing these connections can create a safeguard against pitfalls that are common in the industry.


Many people in the industry find that without these safeguards, they fall into trouble. Luckily, it can be easy to acquire connections and make sure that they are there when you need them. Much like many other kinds of relationships, communication is key and it’s important to keep in mind that it is a two-way street. Much like many other types of social interaction, gravitating to places where lots of other like-minded people gather allows for networking to flourish. People can exchange information and call upon each other for favors or to work together to reach common goals.


It is important to maintain a professional relationship and make it clear that it is all about business. Having a number of these connections can be extremely helpful not only in growing your business, but helping others to grow theirs as well. A mutual relationship where everyone helps each other aids in market growth and can be a great way to foster even more potential for revenue and customer base building.


Getting ahead and being successful in the world of real estate can be very difficult. However, with the rising growth and popularity happening in the Canadian market, many people are seeing the potential to make a sizable profit and stake their claim. If you are someone who is interested in breaking into the real estate market or someone who is looking to sharpen their skills, now is a great time to take advantage. While the real estate market can fluctuate wildly, getting a foothold and making connections can be a surefire way to success.

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Prepare Your Home For Freezing Temperatures
Posted on Mon, 15 Jan 2018, 02:25:00 PM  in Home buying tips,  Home selling tips, etc.
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In the autumn, you should inspect your home to make repairs to the foundation so that snowmelt doesn't seep into the flooring. You can fill small holes with liquid caulking, or you can mix cement to cover the foundation's entire surface. Autumn is also the perfect time to place formfitting foam devices over a home's exterior faucets and to wrap adhesive insulating tape over the exposed pipes.


Have Several Ways To Heat a Home

Prepare Your Home For Freezing TemperaturesInside your home, you can prepare for winter by cleaning your furnace and fireplaces so that you will have enough heat to prevent frozen pipes. Professional chimney sweeps recommend having a building’s chimneys inspected and cleaned once a year to remove layers of creosote or other debris that can cause an internal fire. Make sure to clean your home’s ductwork and replace a furnace’s filter so that climate-controlled air can circulate optimally. It is a good idea to have an alternative source of heat in your home such as electric space heaters or stoves that burn wood pellets.


Keep Climate-controlled Air Circulating

Despite having heat in your home, you should protect the plumbing fixtures and pipes by opening the doors to utility rooms so that the climate-controlled air can circulate properly. In addition, open the cabinet doors underneath kitchen and bathroom sinks. When temperatures drop in your region, turn on the faucets occasionally so that water runs through the pipes to prevent any freezing. You should also flush the toilets in a home during the night to keep water from freezing in the sewer lines. When you are shopping at a hardware store, look for plumber’s antifreeze that is formulated for using in bathtubs and sinks to prevent clogs of ice in the water pipes of your home.


Prevent Cold Drafts

Walk through your home to verify that the windows are closed and locked to seal out cold drafts. You can apply stick-on insulation caulking around the window’s frames, and you can also apply adhesive window film to the inside or outside of the windowpanes. To prevent drafts around exterior doors, place a draft dodger at the bottom of the door. These items are made of fabric and thick fiberfill to keep cold air from entering underneath a doorway. Alternatively, you can roll a blanket, towel or rug to place at the base of a door.


Maintain Your Home’s Water Heater

Maintain your home’s water heater in the winter by making sure that climate-controlled air is circulating around the appliance. Verify that it isn’t leaking in hidden locations on the floor or along the walls. You can find a specialized insulation blanket to place over a water heater to keep the water hot and to protect the appliance from cold temperatures. If you don’t have enough hot water during the winter, then you can turn up the water heater’s thermostat a few degrees, but this will increase the cost of your monthly bill.


Use a Roof Rake To Protect Your Home’s Rooftop

Walk outside of your home to make sure that the snow is melting from the rooftop. If there is a lot of ice or snow on a building’s roof, then the weight can damage the structure, leading to moisture problems or a total cave-in. You can buy a roof rake with a long handle that you can use to dislodge a buildup of snow or ice from the edge of a roof. Use caution while removing the snow because the debris may dislodge quickly, falling on you or items near a home.

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Low-Cost Staging Strategies To Help You Offload Your Home Fast
Posted on Sun, 31 Dec 2017, 03:05:00 PM  in Home selling tips

The most daunting aspect of selling a property is often investing in the necessary, structural and aesthetic changes for attracting qualified buyers. For many people, the idea of investing in major upgrades ahead of selling their homes makes little sense. After all, most buyers will already have clear ideas about how they want their new living environments to look, and about the various features and amenities that they want these buildings to include. The good news is that you may be able to sidestep the need for costly and time-consuming enhancements by simply staging your property correctly. Following are several, simple and incredibly low-cost staging strategies that can help expedite the sales process.Low-Cost Staging Strategies To Help You Offload Your Home Fast

Pay Attention To The Little Details

If you have a nominal budget for upgrading and enhancing your home, you should be sure to devote the majority of this money to taking care of the small details. This can include replacing broken or missing hardware on all cabinets, closets, and doors, replacing damaged light fixtures, swapping out old wall plates for new ones, replacing broken or missing kitchen and bathroom tiles, and hiring professional cleaners. Ultimately, you want your home to look optimally clean and well-cared for above anything else.

Depersonalize Your Home And Give It A Warm And Neutral Look

The best way to get prospective investors to connect with your property is by depersonalizing it. This way, when they tour your home, they'll be able to actually imagine themselves living in it. Be sure to replace family photographs with simple, neutral pictures. You should also decorate the living areas in warm, neutral tones. Hanging eclectic art and investing in colourful furnishings often turns a number of prospects off.

Decorate The Entryway

Curbside appeal is everything when it comes to listing and showing your home. After all, the property exterior is the very first thing that people will see upon arriving. Take the time to eliminate clutter on the outside of your home when you're done cleaning the property interior. You should also invest in an eye-catching welcome mat, and several potted plants to surround your front door.

Showcase All Of Your Home's Best Features

Whether you're working with a staging company or shopping for staging decor on your own, it's always important to keep the overarching goal of these efforts at the forefront of your mind. This is to simply showcase all of your home's most appealing features, while downplaying those that are likely to turn buyers off. For instance, if your home boasts stunning views of the city skyline but could use new interior paint and decorative trim, shop for window treatments that highlight the views and draw attention away from the walls. Heavier window treatments won't just block off an important selling point, but they'll also call attention to aesthetic details within the room that you might rather leave unnoticed.

Give People Some Perspective When Showing Off Your Storage Areas

As you depersonalise and de-clutter your home, you'll likely find that the closets and other storage areas are the most labor-intensive part of this task. Be careful about cleaning these things out entirely, however, especially if they're far from immense. Leaving a few jackets, an umbrella and a pair of shoes in a modest-sized closet will give prospective buyers the chance to see just how accommodating these spaces can truly be. With these items in sight, they'll be able to accurately estimate the amount of items that these spaces are capable of holding.

You don't have to spend a fortune to upgrade, enhance or stage your home ahead of putting it on the market. With these low-cost, staging strategies, you can show buyers just how amazing your property truly is. Best of all, you'll never be at risk of investing in expensive improvements that turn buyers off rather than lure them in.

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Kitchen Features to Consider When Buying a Home
Posted on Fri, 15 Dec 2017, 03:00:00 PM  in Home buying tips
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When buying a new home, you'll want to make sure that the bedrooms have enough space for your family members, that the roof is in good shape and that the bathrooms have some modern features. Another room you should pay special attention to is the kitchen. This is the room where you will spend time making meals with and for your family and where your family members will gather together. No matter how many homes you look at, always make sure that you consider some key features in the kitchens of those homes.Kitchen Features to Consider When Buying a Home


The kitchen triangle refers to the layout used in most kitchens, which makes it more convenient for those working in the room to get tasks done. It typically puts the refrigerator, stove and sink an equal distance apart from each other. When you draw lines from each point, those lines form a triangle. This makes it easier for you to do prep work like cleaning fresh produce, but you will also have an easier time getting ingredients from your refrigerator and cooking with those ingredients on the stove.

Included Appliances

Those buying their first homes do not realize that many former owners will take their appliances with them. That is why you shouldn't fall in love with a home just because it has modern appliances made from stainless steel. If those appliances were gone, would you still love the kitchen just as much? Check with the listing agent to see which of those appliances come with the home. Some owners will leave behind one or more appliances but charge for each one. Compare the price charged to see if you can get similar or even better appliances for around the same amount or even less.


Fixtures can play a key role in the way a kitchen looks and how you feel about that space. You might find yourself drawn towards traditional fixtures with a finish in antique brass or oil-rubbed bronze. Others prefer more modern fixtures made from stainless steel with a chrome finish. Pay special attention to the faucet on the sink too. Kitchen sinks can come with a faucet that has a sprayer you can pull down or with a touch-less design. You'll find faucets that are tall enough for filling pots and some that come with a matching hot water tap that gives you instant access to boiling water or with a matching soap dispenser.

Overall Space

If you love cooking at home and whipping up new dishes for your family to try, you may want a kitchen with more overall space. A small kitchen may make it hard for two people to work at the same time. Also look at the amount of prep space available. Some kitchens have just one set of cabinets with a small amount of counter space. Prepping will require the use of a new island or a table that will take up more space in the room.

Storage Options

Check the kitchen to see if it offers all the storage space and options that you need too. The more cabinets the room has, the more space you will have for your cookware, dishes and ingredients. If you need even more space, you might look for kitchens that come with a pantry off to one side. A pantry provides space for canned goods and other ingredients as well as your cleaning supplies and heavier pots and pans. When you find a home with a good kitchen that meets all your needs, you'll love cooking in that home after you buy it.

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Some Ideas For Affordable Cities In Canada
Posted on Thu, 30 Nov 2017, 09:25:00 AM  in Home buying tips,  My services, etc.

Canada's cities are a mix of affordability. Some are more expensive, while others are less expensive. If you are looking to move from a high-cost city to an affordable one, here are some great suggestions for you to consider. The average Canadian home costs over $440K, but there are places where you can find a bargain in the country if you know where to look. As an interesting side note, the average home value has increased by 9.4% since March 2014.


  1. Trois-Rivieres, Quebec


This city is part of the French-speaking Quebec province. It's got a wonderfully French/European feel, but more importantly the median home price is only $147,000 for a detached home. According to Desjardins, Trois-Rivieres is the #1 out of 20 for most affordable cities. Joblessness is at a relatively higher rate than the rest of Canada, which is something to remember.


  1. Hamilton, Ontario


Hamilton is practically a stone's throw away from Upstate New York. However, this province is known for being significantly more affordable than New York City. The median price of a detached home in Hamilton is $350,000 and Hamilton also offers a relatively favorable job market.Some Ideas For Affordable Cities In Canada


  1. The Prairies


This region of Canada is comparatively low-priced when considering the rest of the country. This part of the country has a solid economy which is based on agriculture, cattle, and sheep. Being in a rural location, this means that The Prairies has plenty of inventory relative to the number of people living there.


  1. Thunder Bay


This is a small city of just over 100,000 people with plenty of great home prices. It's also a great place to find an income property, being a gateway to the west coast of Canada. Plenty of sectors are booming in Thunder Bay, whether you're looking to work in real estate, accounting, health care, or manufacturing.


  1. London, Ontario


It's named after the big city in the U.K., but this place is known for having an average home price of $265,370 in 2015. This area currently features an unemployment rate of just 6.9%. London itself is a city which operates as it's own separate municipality.


  1. Saguenay, Quebec


The economy of this province is based heavily on research and technology. It's also the home to 3 large industrial parks, and has a rapidly-growing biotechnology/genomics industry. The average home price in this province is just $180,693 as of 2015. Even better, the average annual increase in home values has been steady at just 2.6% per year.


  1. Charlottetown, Prince Edward Island


This province has a population of 34,562 as of 2011, but the average home value is just $163,533 as of 2015. This province has a economy with plenty of government jobs, and has some light manufacturing as well. Chemical companies, biotech companies, and manufacturing companies all call Charlottetown home.


Canada is a great place to look if you want to find the right real estate deal as there are opportunities everywhere. Looking for the right home purchase is just a matter of finding the best place to look. Wherever you would like to live, there is a significant chance that you'll be able to find the best home for you and your family.

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Tips for Buying or selling a home in Canada
Posted on Wed, 15 Nov 2017, 09:20:00 AM  in Home buying tips,  Home selling tips, etc.

Purchasing or selling a house in Canada is a massive undertaking involving the largest financial and lifestyle choices you have ever made. Choosing wisely and procuring a fantastic deal from the present property market in Canada, consider whether it is the right time for you to market, understand what to look for in an open home, know the particulars of negotiating contracts and maintain curiosity about paying your mortgage as quickly as you can. Keep on reading to learn Like many Canadians; it could be tricky to determine whether to sell your house or not. Even in the event that you love your house or condominium, you might have a great reason to sell, particularly if it doesn't satisfy your changing requirements. If one of these characteristics explains your situation, you're most likely ready to proceed. When you've got a job offer in a fantastic place with great possibility for long-term labor, or whether you're prepared to retire and expect for security and reduced maintenance of a retirement area, sell your house makes sense. On the flip side, if the final of those six kids eventually moved out of your seven-room residence, it may be time for you to decrease the size until these decides to split down! Just take some opportunity to assess your financial situation and your individual goals, so it is possible to create a move that's ideal for you. Before you purchase a house in Canada, you wish to understand that the property was well preserved so that you may prevent trouble and hidden costs later on.

Tips for Buying or selling a home in CanadaSome of the most common exemptions at a bidding supply are subject to financing, are subject to review and therefore are subject to purchase. Subject to financing clauses, there isn't much room for discussion. Buyers can't remove this debate clause throughout the bidding / probate procedure unless they may have a lot of funds and don't require a mortgage or require a comparatively small and effortless mortgage. Bear in mind, if the purchaser didn't require a mortgage, then he likely wouldn't have made the deal to fund in the first location.

Notwithstanding the review exemptions are usually contained in a purchaser's offer to purchase a house. As it shouldn't require more than a couple of days to arrange a review, this is a simple negotiating clause. However, since with the funding clause, you may attempt to negotiate a shorter interval to finish the review to speed up things. Unless the sale plan could be negotiated concerning the total amount of time that it provides for your buyers to market your existing home. Any purchaser who already owns a house can probably not afford the price of 2 houses at one moment. Nevertheless, no matter how worried you need to proceed, permit the buyer a fantastic period of time to create a record and market your dwelling. Generally, four or even six months are thought to be fair. Remove the topic of the revenue clause or leave the contract and produce the bid determined. When you get a house in Canada, be sure to understand precisely which items and appliances will be included with your purchase. The following few components of the contract state precisely this, permitting the purchaser and the seller to agree what's going to stay and what is going to occur. If one of these characteristics explains your situation, you're most likely ready to proceed. When you've got a job offer in a fantastic place with great possibility for long-term labor, or whether you're prepared to retire and expect for security and reduced maintenance of a retirement area, sell your house makes sense.

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Get Down To The Nitty Gritty When Preparing Your Home For Sale
Posted on Tue, 31 Oct 2017, 12:40:00 PM  in Home selling tips
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Every person that is truly dedicated to selling their Canadian home should be looking into the nitty gritty details to ensure that their home has its best chance of finding a new and loving owner. Below you will find a just a few ideas for what it means to get down and into the nitty gritty of home selling.

Replace The Worn Out CarpetsGet Down To The Nitty Gritty When Preparing Your Home For Sale

If you have lived in the home for quite a while than your carpets are never going to look like they were just rolled out from the carpet store. This is just a fact that you cannot avoid. If you purchased the home recently and didn’t get information on how old the carpet is, you may just wish to replace it for the sake of making the home more marketable and inviting. This is especially true if the carpet just doesn’t look nice, it doesn’t complement the home, or if you do not know what could be have been spilled and supporting bacterial growth underneath the surface. Everyone likes to read “brand new carpet freshly installed” when looking for a home to purchase.

Stain Or Paint The Doors

The doors are one feature of a home that make a big impact on new potential buyers. Still, sellers have seen the doors so many times that they are often one of the first features that gets forgotten. Make sure to slap a fresh face of paint on outside doors and garage doors to make them dazzle with a fresh and clean appearance. If the doors are inside, make sure to polish, stain, or paint these doors as well just to give them a new look on life. You know what the doors need.

Make Minor Updates

Have you ever walked into a home that looks perfectly liveable, but that you have stepped decades into the past when you really wished to stay in present day? Yes, clean and liveable are the number one priorities, but you will find that your home will sell far more quickly if you have made minor updates. This could be anything from ensuring that the appliances are stainless steel to more extensive remodeling projects.

Keep The Outside Looking Brilliant

Clip the flowers and shrubs, cut the grass on a regular basis, and pretend that you are a professional landscaper if you are not. Your yard is going to sell your home just as much as the inside of it will. If you cannot afford to decorate the yard in expensive lawn ornaments and transplanted flowers, than simply make sure that it is cleaner than it has ever been before.

Decorate Like You Never Have Before

You may not be the type of person that decorates for holidays or seasonal changes, but you should make these types of accommodations when selling your home. A wreath on the door, a vase of fake fall flowers, and even solid color bedding that coordinates to the season can go a long way in making your home look like the type of home your next potential buyer could see themselves living.

Make The Home Smell Like Home

There are certain smells that make every person feel like they have walked into their own homes. Do you have fond memories of coming home to mom’s famous chocolate chip cookies or dad’s faint cologne? Never flood the home with smells because you never know may be triggered by allergies or asthma, but give the home a faint smell of “home”. If you can make your potential buyers believe that they are home, than you have done your job.

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Foreign Investment and the Strength of Canadian Real Estate
Posted on Sun, 15 Oct 2017, 12:30:00 PM  in Home buying tips,  Home selling tips, etc.


Foreign investment in Canadian Real Estate is important to the national economy because it potentially uncouples the domestic labour market from the domestic real estate market. This kind of disconnect, perhaps reminding one of London, UK suggests that citizens could be crowded out of the market and have to pay far more than they should for homeownership and rental services.

Foreign investment is a lively topic. Despite all the discussion, there has not been a lot of information, and some estimates suggest that foreign investment drives the phenomenal price and value history of Canadian Real Estate.

B.C. after the Foreign Investor TaxForeign Investment and the Strength of Canadian Real Estate

In response to the continuing rise in prices and high volumes of sales, the B.C. government imposed a foreign investment tax. The clear intention was to dampen the price and volume of home sales.

There was a backdrop of tremendous amounts of unused housing that belonged to nonresident owners. That high un-occupancy rate stood in the face of high local demand for housing and moderately priced housing.

Ontario after the Cool Down

On April 20, 2017, the Ontario Government imposes a levy on residential real estate transactions for buyers that were neither permanent residents nor citizens. The levy applied to a targeted zone- the Golden Horseshoe region. The levy had the desired effect; within sixty days, the sales volume and average price fell from the year to date comparables.

The government developed an estimate that approximately nine percent of residential transactions involved foreign buyers. Unlike B.C., many of those buyers were immigrants and intended to occupy the units. The GTA market has regained some of the lost action but has not resumed a steep upward climb, and the tax seems to have had the desired effect of slowing the market.

Is the Quebec Boom a Real Estate Novel?

In the movement of the market after Ontario and BC imposed foreign investor taxes, some news reports suggested that Quebec was a new focus for luxury purchases by foreign investors. In 2017, the rate of luxury purchases in Montreal was higher than the one-year comparable.

There is a question whether the numbers support the idea of a boom and particularly a boom fueled by foreign investment. Defining a luxury sale as $1 million or more, the Montreal comparable showed an increase but an overall level quite consistent with the rest of the nation outside of Ontario and B.C.

One commentator view seen in several publications suggest that real estate professionals perceive more than the facts support. They are driving an optimistic narrative and perhaps hoping that the market will follow.

The Underlying Strength

The strength of the Canadian economy is the key to understanding Canadian Real Estate. The contours of the luxury market have a steep foreign investment influence due to Ontario and British Columbia as magnets for foreign investors. The underlying value of Canadian real estate is in the robust and balanced economy.

Canada has managed to do something remarkable; the nation has driven market growth with low-interest mortgages and fully insured the riskier of them. The nation can withstand a complete meltdown of the real estate sector without an unusual level of national debt.

The Canadian government insures mortgages that have 20 percent or less in down payment or cash equity. They do this directly through the Canadian Mortgage and Housing Corporation, and indirectly through the guarantees, it provides to private insurance.

The total is about $500 billion, and if it all came due, Canada would stand tall in the aftermath with a debt to Gross Domestic Product ratio like advanced European nations. Estimates from Moody’s suggest it would rest at 1.05 slightly higher than the USA at .99.

Going Forward

Canadian Real Estate attracts foreign investment because of the strong fundamentals of the nation and its economy. While Canada has issues and social and economic challenges such as the First People’s calls for greater participation, it has a remarkable social and economic cohesion. Canadian Real Estate will likely continue as a bright star in the global market for a haven, investment, and immigration.

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How to Evaluate Crime Rates in a Community
Saturday, 30 September 2017, 11:00:00 AM

Purchasing a home means that you'll be exploring different styles of houses, but you'll also be getting to know about the community. One of the factors that you will likely investigate is the rate of crime in the neighborhood. Knowing how to properly evaluate these rates can help you to make the right decision when purchasing a home.


Compared to Other Neighbourhoods

Looking up the crime rates in a particular neighborhood is important, but you also want to see how this area compares to surrounding ones. For example, you may have no choice but to live in a certain proximity to your job, at least for the current time. You may notice that the first neighborhood you explore has a slightly higher crime rate than you would like. However, as you begin to investigate surrounding communities, you may notice that this particular neighborhood is safer than the restcrime rates of the options.


Comparisons within the Community

While it is unlikely that one part of the community will be extremely safe and one part extremely dangerous, it could happen. Variations in crime are common in neighborhoods. You may see one community that has a safe neighborhood on one border and a neighborhood plagued with crime on the other border. If the community of interest is large, then a significant difference may exist in the crime rates between the two. Even if you have heard stories about a particular community, take a look to see which neighbourhoods the ones are struggling with crime.


Trends in Crime

Looking at just one number is unlikely to give you an accurate depiction of the neighborhood. You should also explore what the crime rate was in previous years. By doing so, you may learn that the crime rate has continually gone down for a number of years. This information could encourage you to buy in the community. You could have a strong hope for a better future, but you could also get a good price on the house. On the other hand, you may learn that while the neighborhood is not ridden with crime, its rate has increased recently. This spike in crime could be a warning that you should not purchase a home here and that the crime will continue to grow.


Type of Crime

You should also take a look at the types of crime that are reported. For example, some statistics might include traffic violations. Therefore, if you are looking at a house near a main road, you may see a higher crime rate due to these incidences. While this information does not mean you should buy a house near a main road that has many accidents on it, it also doesn't mean that the neighborhood surrounding the road is unsafe. You may find a very safe and welcoming community just by going a few blocks away from the main road.


Your Comfort Level

You might not feel terribly unsafe living in a community with moderate amounts of crime. Perhaps you grew up in an area that struggled with serious crime, and you are open to any improvement. Also, you may take plenty of security measures at your home to keep the property safe, and you may avoid walking alone at night no matter where it is that you live. Considering your personal preferences is an important part of selecting a community that is the right fit for you.


When you are exploring neighborhoods, you should definitely see what the rate of crime is there. Keep in mind that you want to go beyond the number to learn about what is happening in the community.

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