June 15, 2023
Many years ago, when I was in my early twenties and living in Montreal, I had a friend, still at home, whose parents were renters. They had always been renters. They always would be renters. One day the dad made a rhetorical statement by saying to me “you take a paper and pen and show me how anyone is ever better off owning than renting.” Of course, he didn’t want to be shown. His mind was already made up. But let’s take his situation and look at it for a minute.
The May sales figures are in and they paint a somewhat mixed picture. On the negative side, prices across the Region are down slightly from April. This reverses a three-month trend that saw figures rise around 10% from year end 2022. On the positive side, both number of listings and number of sales are up significantly from last month. And that’s a very good sign. First, let’s look at price trends.
When considering starting a business and incorporating there are several advantages to Virtual Minute Books. Under the Ontario Business Corporation Act R.S.O 1990 it is required that corporations maintain accurate records. Minute Books contain a record of a company's resolutions, Shareholder Registers, Director Registers, Officer Registers, Shareholder Agreements, Forms Filed and other valuable documents.
A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally, people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second mortgage might offer.
It’s been a roller coaster ride when it comes to prices in Niagara ever since the onset of Covid. But in fact it goes back even further than that. Going back all the way to 2017 we have seen price gains in residential properties that were for a number of years previously just unheard of. In fact over the calendar year 2017 average prices grew by just over 25%.
April 17, 2023
We used to have lots of meetings, back before Covid. In fact, in one of our many renovations in the past, we acquired space and designed a training centre, equipped with seating of course and work tables along with an overhead projector and wall-mounted screen. Adjacent to the training centre was our 50’s diner, designed to seat exactly the same number as the training centre and great for snack breaks and lunches when training went all day.