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Renovations can double the value of kitchens

Kitchen renovations can increase the value of a home by 4-6%, but it has to be done correctly. Here is what Andrew Hibbs, owner of Edmonton-based Kitch, has to say on the matter.

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Montreal is Canada’s leading luxury market: Engel & Völkers

Montreal and Vancouver are expected to remain top destinations for international purchasers of luxury real estate because Canada’s housing supply is constricted it will create tighter market conditions.

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Canadian mortgage debt almost $2 trillion in May

“Over the first five months of 2021, households added $57.5 billion in mortgage debt, compared with $34.3 billion over the same period in 2020,” said StatCan.

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These homes earn more rental income than condos

This broker says there are more investment opportunities in Mississauga's semi-detached market because you can benefit from two incomes - renting the basement and the upstairs.

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In Toronto, rentals are making more sense than ownership

Many people can't secure that 20% down payment to start their homeownership journey. This may be why rentals are exceeding demand in Toronto.

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Hotels hurt by pandemic could become affordable housing

“On the periphery of Vancouver and Toronto, there are pockets of opportunity. When you look at commercial real estate broadly, retail is a victim of COVID and that’s still playing out.”

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Ravenous demand for housing nullifies supply boost

Canadian housing starts hit 273,664 in March, up from 252,636 a month earlier, but the enhanced activity still hasn’t been able to keep pace with voracious demand.

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Off-market investment properties can yield the best deals

According to this chief business development officer in Burlington, off-market investments have less competition and allow for more time to inspect the property.

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These urban rental units can boost property values

"[...]There’s a lot of push for the city and other government levels to move towards laneway housing to deal with the supply issue and I think that’s a great opportunity.”

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Real estate investing democratized

Learn more about how addy’s mission is to enable every human to become a homeowner by helping them invest in real estate at a price that works best for them, and dividing the investment into equal parts.

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Benchmark price of Canadian home up $120,000 in March

In March, new listings set a record by reaching 1 million across Canada, a 7.5% increase from the month prior. Bidding wars were commonplace and inventories fell to their lowest in decades.

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Here’s how much monthly rental profit the average GTA condo earns

Sixty-three percent of investors in the GTA were cash flow neutral or positive last year, up from 56% in 2017. Investors who purchased presale condo units saw better cash flow than landlords who bought resale units.

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Toronto suburb sets sales record

The total value of home sales nearly hit $1.5 billion last month - a 130.4% increase over March 2020, and the largest amount ever recorded for any month.

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