Once again, it’s that time of year when we all are rushing around to prepare for this festive season with so much to do and so little time.
Blog posts 2012
Canadian Mortgage Trends for 2013 Investors need to know
In my last newsletter, we discussed how the changes to the rules and policies for Canadian mortgages and bank lending guidelines are making it more difficult for real estate investors to obtain mortgages.
This month, I want to follow up and provide my thoughts on Canadian Mortgage Trends for 2013.
Changes to Financing Rules – 2012 – Year in Review
Deciphering the New Canadian Financing Rules for Investors
Rules around mortgage financing and bank lending guidelines in Canada have changed significantly. With tighter regulations and a shift in how applications are reviewed, these changes continue to impact investors and the industry alike.
Contrarian Real Estate Investing. Is it for You?
In a down-turned economy, contrarian real estate investing offers profit to investors who take action based on strategies that are “opposite” to the masses of people who follow conventional wisdom.
Active vs. Passive Real Estate Investing: Which one is better?
Real success in real estate investing is shaped by the level of commitment for sourcing, purchasing and managing the process to reach a specific investing goal. In my experience, whether you choose to be an active or passive real estate investor is based on one important question:
Do you have the time, energy, knowledge and skills to effectively take care of all aspects of your real estate portfolio?
Recently, I just returned from our marathon to close on our ocean/beach front condo in The Hololani in West Maui. It truly is our dream Maui Vacation Condo.
I am convinced that there is no way we could have done this on our own. We hear about the importance of creating a good team of experts to surround you for real estate investing.
Without our “team”, we wouldn’t have accomplished the purchase within the necessary parameters. I tallied up the number of individuals involved in this one transaction and was shocked.
Before you buy a real estate investment, considering the type of property ownership is an important part of your strategy – as well protecting your assets and understanding your tax implications. In my experience, each ownership type has specific strategies to improve your long term success.
I want to offer an overview of the different types of property and present information which can help you decide which property ownership is right for you.
Property Ownership Types
BC’s Top 28 Grants and Rebates for Property Buyers and Owners for 2012 is reproduced from Real Estate Board of Greater Vancouver April 5, 20121. Home Buyers’ Plan
Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.
Canada Revenue Agency www.cra.gc.ca. Enter ‘Home Buyers’ Plan’ in the search box.
There always seems to be so much you can do to improve your your property. This can be costly and you generally will improve you investment return but not always and not always quickly. However there are steps you can take that are not costly that can ultimately improve your Return on Investment (ROI).
Here are my current TOP 10.