https://youtu.be/5Wcaa55CRyY There is often a direct correlation between the state of the real estate market and the value of renovations. In a declining market, real estate investors must watch out for the type of renovations that are being done. You may be dumping a lump sum of money into your renovations and not be able …
STOP! Read This Before You Buy Toronto Real Estate to Renovate and Flip or Hold Read More »
According to the Bank of Canada, approximately 1 in 6 Canadian mortgages have hit their trigger rate in 2022, and that’s the result of rapidly rising interest rates. Now that a lot of mortgages have hit their trigger rate, there is going to be a lot of scrambling by the big banks to try to …
Interest-Only Mortgages with Negative Amortization Read More »
ATTENTION HOMEOWNERS! Remember that mortgage contract you signed? Well, there may be this inconspicuous clause in there that’s called the Trigger Rate. You may have just glanced over it before but it’s surely something you’ll want to reacquaint yourself with now, that is… if you haven’t already gotten a call from your bank. Most Canadians …
What to Do When Your Mortgage Trigger Rate Has Been HIT Read More »
Did you know that the Vacant Home Tax is very likely HIGHER than your actual Property Tax? This is why it’s in your best interest to declare your home as NOT vacant so that you can avoid this hefty additional tax that the City of Toronto has just implemented for 2022. The Vacant Home Tax is taxed at 1.00% of the assessed value by the Municipal Property Assessment Corporation …
Location, location, location! Yes, it’s true – location matters. The location of your property will often directly impact the amount of appreciation and the tenant profile. But how do you know which location is the best investment for you? In this Top 3 Winning Locations guide, we break that down for you and more! A …
