May 15, 2025
Whenever we sit down to review the numerical sales data, month by month and year by year, we always look to see if there are any trends evident. I speak here both in terms of number of unit sales and also average residential sale price. And then we ask ourselves the question – “Why did this happen?”. What we are trying to do, of course, is extrapolate out and thus predict what will happen in the months ahead. We primarily follow unit sales and average residential sales prices. As I’ve said before, I don’t particularly track new listings coming in, because these numbers are unreliable. They include properties that expire and are re-listed as well as listings that are re-serviced. So, while available inventory is a useful barometer, new listings are not.
In Ontario, purchasing a home is often the largest investment you’ll ever make. Yet, even after diligent inspections, some problems-known as latent defects-may not reveal themselves until after you’ve moved in. Latent defects are hidden flaws not discoverable through a standard visual inspection. In this example we will consider electrical issues concealed behind walls, including outdated knob and tube wiring.
May 14, 2025
Kids do it. Athletes do it. Olympians do it as well! When they have finished a challenging task. Accomplished something extraordinary. As they stand in the spotlight, they extend their arms out and wait for the applause. It’s their ‘Ta-Da’ moment. Their moment of recognition. It’s the reason movies have Oscar’s; television has Emmy’s. Olympics have gold, silver and bronze medallions. The list goes on.
Spring is one of the busiest seasons in the real estate market, with buyers eager to find their dream home before summer.
Last issue we took a look at commercial investments and saw how they stacked up compared to residential rentals. And, we saw there were a lot of advantages for the commercial landlord. Not just in removing him from the oppressive control of the Residential Tenancies Act. But also, huge advantages when it came to cash flow and return on investment. Chiefly because many, if not most commercial tenancies are what we call ‘carefree net leases for the landlord’ or TRIPLE NET LEASES. Simply put, this means that all the expenses typically associated with rentals and borne by the residential landlord are passed on to the tenant in commercial situations.
In our money machine seminars and as investors, the bulk of our attention has been focused on residential real estate investment. It’s the easiest to acquire, the easiest to finance and generally speaking the easiest to rent out and keep rented. After all, regardless of the economy we find ourselves in, people always need a roof over their heads. So, while in tough economic times, when many businesses are struggling, you might see a lot of ‘for lease’ signs on strip plazas and retail outlets, that’s not typically the case with houses and apartment units.
April 15, 2025
On Wednesday, March 5th, RE/MAX Garden City Realty Inc. celebrated International Women's Day with a powerful event at our St. Catharines office training room. The Empowering Women in Real Estate panel was a great success, bringing together agents at all career stages to hear from our esteemed panel of female real estate professionals. The packed room buzzed with excitement as attendees gathered to learn valuable insights and strategies for success in today’s competitive real estate market.
April 15, 2025
Whether we are tracking unit sales or average sale price, there is a trend that seems to happen, year after year, provided no extreme external pressures are being applied. And that is up in the spring and down in the fall.
Improving your financial health is essential for long-term stability and peace of mind.