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?
As the mortgage landscape continues to change, more Canadian real estate investors are enlisting the services of a mortgage broker. And who can blame them? Mortgage brokers give investors the ability to choose from multiple options and are often more nimble and flexible than the banks. Brokers have the ability to access various lenders and rates, while the banks are restricted to their own products. “The banks can also be a lot more selective with their clientele,” says Shawn Stillman, Director, Principal Broker at Sigmamortgage.ca. “The new mortgage rules have caused a lot of competitors to leave the market and because of that, the banks are the only game in town. Therefore, they’re able to be more selective in terms of what they take on their books.” If an investor walks into bank in search of financing, in no circumstances is the bank’s mortgage advisor ever going to recommend the investors goes down the street to a competitor who has a better rate or more suitable mortgage product. That is one of the fundamental differences between independent brokers and banks. “By searching the entire market’s range of products, brokers have a better chance of finding the best rate for their client,” Stillman says. “If the broker doesn’t find something suitable or attractive right away, they can continue shopping until they get the solution that best meets the investor’s needs.” Although rates are the obvious differentiator between mortgages, Stillman believes that savvy investors should be considering some other important factors:
Ultimately, brokers have the potential to find the right lender with the right product for each real estate investor. “Brokers can also step in if something goes wrong with the mortgage,” Stillman says. “The investor has an advocate by their side throughout the life of the mortgage.”
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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