December 15, 2022
I am so proud of the men and women of RE/MAX Garden City Realty Inc., salespeople, brokers and support staff alike. And of course, our affiliate companies that are always so supportive: Dominion Lending Centres Easy Street Mortgages and Liddiard Law Group. They are always so willing to give. Regardless of the circumstances, when a need arises, they are there.
December 15, 2022
This recent bill before the Legislature will be of particular interest for anyone watching the housing market. Bill 23, More Homes Built Faster Act, 2022 was introduced by Minister of Municipal Affairs and Housing the Honourable MPP for Leeds-Grenville-Thousand Islands and Rideau Lakes Steve Clark (PC) on October 25th, 2022 and passed the first reading. At the time of writing, it remains under review by the Standing Committee on Heritage, Infrastructure, and Cultural Policy for its second reading. The bill serves as a streamlining tool, targeting zoning, heritage designations, and environmental protections.
November 15, 2022
Renovations and land development is expensive. There is no end to the surprises that could add great cost to your project. No one anticipates uncovering a burial plot when putting in a pool, expanding a driveway, building a deck, or adding a garage to their property. In Ontario, under the Funeral, Burial and Cremation Services Act, 2002 homeowners are required to immediately notify the coroner or police of any human remains discovered on their property.
November 15, 2022
If you’ve ever taken one of my Money Machine Seminars, you’ll know I espouse a very simple plan for real estate investment: Buy one property a year for 10 years, never amortize for more than 15 years and never sell. A good many of you have over the years followed that simple plan, and in fact have gone far beyond that 10-property template. The first one or two properties are by far the hardest to acquire. It gets simpler as you go along. Your equity grows. Financing gets simpler. And quite frankly growing your portfolio gets addictive. But it raises the question, especially when you are just getting started of what to buy.
November 15, 2022
Over the years Halloween has taken on a lot of different shapes and sizes here at RE/MAX Garden City. Usually a party. Generally, a lot of agents decked out in creative costumes. Sometimes special prizes for the best outfit. Originally most of the activity happened at our front lobby. Walk in and you couldn’t help but notice it was Halloween. The decorations, including life size mannequins greeted you with a macabre ‘hello’.
November 15, 2022
Last month we took a look at the fact that both here in Niagara and around the globe, economies are in turmoil. Inflation is running at a pace we haven’t seen in almost 40 years, and as a result, governments are scrambling to control it by raising interest rates. That situation hasn’t changed. In fact, even in the face of a possible recession next quarter, the Governor of the Bank of Canada has vowed to stay the course of interest rate hikes in order to combat inflation. We’ll see. So far that tactic hasn’t had much of an effect on run-away inflation, but it has definitely impacted the housing market.
November 15, 2022
The fall is the perfect time for a credit clean-up so that you are ready for the holiday spending season – and anything else the year can throw at you!