March 2016

Found 3 blog entries for March 2016.

Ever since the huge market crash of 2007, we’ve heard that real estate is no longer the smart investment that it was always considered to be. As a realtor, I don’t believe the naysayers; there are still four tried-and-true benefits of real estate investment that, when taken together, can and will help you grow your overall wealth. You just need time, patience and a good advisor!

  1. Increase your cash flow: When you buy an investment property, you get to pocket all the rent money that’s left over once you’ve paid expenses on the property (i.e. mortgage, repairs, home owners’ association fees etc.) The math is simple—the more properties you own, the more the potential cash flow boost, so long as you don’t overextend yourself.
  2. Positive ROI: Home value
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You’ve bought your dream home and it’s everything you’ve ever wanted. You’ve spent time, money and lots of effort transforming your purchase into the perfect space—you maintain your lawn, you paint every few years. In short, you take pride in your property so that it maintains its value.

Unfortunately, you don’t live in a bubble. You live in a neighbourhood and, no matter how great that neighbourhood was when you first moved into your home, it may change over time. The key to surviving a downturn on your block is to sell before everyone else figures out what’s happening and property values decrease.

Here are 4 signs to watch for: if you notice any of these happening on your block, it means your neighbourhood is changing (and not for the better!)

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    Visit Montreal in December, and you’ll see that half the city has flown south for the Winter. Down in Florida, the opposite is true—tons of sun refugees there hit the slopes in Vail or Aspen every year.

    Even those of us who don’t live in extreme climates often have vacations spots we keep coming back to, again and again. In fact, you may get there so often that you start to think of it as a second home. But does it actually make sense to put your money where your heart is and buy a vacation property? Before you make that leap, let’s look at what’s really involved in making that decision:

    1. The expense—the cost of buying a second home is much higher than the purchase price. You’ll also have to buy second sets of towels, sheets and dishes, not to
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