Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
Increasing numbers of Canadian real estate investors are turning to mortgage brokers to find financing solutions that are most suited to their specific investment needs. Whereas a bank based mortgage officer is limited to his or her own products, a broker has the ability to shop across the entire market of lenders for the best, most appropriate deals. However, that's not all that brokers can offer; some would argue that a broker’s ability to offer independent and unbiased advice is just as important (if not more) as their ability to be nimble and flexible in search of the best deal. “In no other industry can investors get financial advice for which they don't have to pay. In the mortgage industry, the lender pays for it,” explains Shawn Stillman, Director, Principal Broker at Sigmamortgage.ca. “It doesn’t cost the investors anything to get a second opinion. Brokers get paid by the lender, so it doesn’t cost the client anything to use a broker’s services. From start to finish, investors get impartial advice with multiple options and it’s free, so why would you not go ahead and do that?” Investors who don’t have access to the full picture run the risk of making expensive mistakes that have long-lasting ramifications. Accessing the industry knowledge possessed by a broker doesn’t cost Canadian investors a dime, so conducting research and asking questions before making important decisions makes perfect sense. “If you look at most of the mistakes that investors make, they occur because the investor didn’t have enough information,” Stillman says. “Especially when you’re investing, it’s critical to know everything before making the final call; that means looking at the little details that help point investors in the right direction.” Fortunately for Canadian investors, most experienced mortgage brokers have the knowledge base to give solid advice on the positive and negatives of closing each deal. “Investors should not just get a mortgage with a bank because their checking account is held there; they may be missing out on better options,” Stillman says. “Brokers help investors think about the whole financial picture.”
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
Many Torontonians and GTA investors perceive Windsor in a different light. But the reality is, it's a growing city that has much to offer investors, homebuyers, students, immigrants, and retirees alike.
While Calgary has continued to increase in popularity, prices have remained steady unlike in markets like Toronto and Vancouver. It holds many benefits for investors.
The Scott McGillivray Real Estate Fund helps people understand passive real estate investing. Scott McGillivray himself has been speaking to people about how to invest in real estate for over 15 years.
From February 2022 to April 2022, there have already been significant price decreases. However, that doesn't mean affordability is around the corner.
According to OSFI, the real estate market in Canada has seen a massive run-up resulting from low-interest rates and supply/demand imbalances.
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