neiloliver

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So far neiloliver has created 15 blog entries.
3 08, 2017

Sales Drop 40% in GTA As Buyers Sit on Sidelines

Home prices in Canada’s largest city posted their biggest monthly drop in at least 17 years in July and sales plunged as government efforts to cool the market and the near-collapse of a mortgage lender made buyers leery. The benchmark property price, which tracks a typical property over time, dropped 4.6 per cent to $773,000 [...]

18 04, 2017

New Investors Unprepared for Buying Process

New Investors Unprepared for Buying Process It is a cardinal sin for investors not to be prepared or knowledgeable about the home buying process, but new figures point out that a third (32 per cent) of first-time investors admit to just that. The survey, published by the Real Estate Council of Ontario (RECO), also found [...]

10 04, 2017

5 Tips to Buy Your First Investment Property

Tips to Buy Your First Investment Property Looking to invest in real estate? Not sure where to start? It can be an intimidating venture for sure, so much to learn, read, review. We have seen more than one newbie real estate investor get discouraged and overwhelmed by the process that they quit before they even [...]

10 04, 2017

Will Government Step In to Slow Toronto House Prices?

Government Intervention Needed to Slow Toronto House Prices? TORONTO — Further government intervention will be needed if Toronto house prices continue soaring after the spring homebuying season, the head of Canadian banking at Scotiabank said Tuesday. James O'Sullivan said the Toronto housing market is one that policy-makers should be most concerned about these days, given [...]

11 10, 2016

New Lending Rules Will Impact First Time Homebuyers

Canada's first-time home buyers may have to shelve their dream house fantasies due to new lending rules announced last week by the federal government. The Government of Canada's finance minister has implemented new measures for those with less than a 20% down payment. Effective October 17, 2016, all five year fixed rates (with less than 20% down) [...]

15 12, 2015

Canadian Real Estate Market Poised for Growth in 2016

Canadian Real Estate Market The good times will continue to roll on for investors in Toronto and Vancouver – whether you’re a landlord or a flipper. “High demand and low supply continued to characterize Vancouver's and Toronto's housing markets throughout 2015 as competition from buyers over the limited inventory of single-family homes pushed prices higher,” [...]

1 12, 2015

No Ontario Communities Outside Toronto to Have Land Transfer Tax

The 444 municipalities across Ontario will not be given the same power as the city of Toronto to impose a land transfer tax. Municipal Affairs Minister Ted McMeekin says he consulted a wide range of groups following last year’s local elections and found there was no call for a municipal land transfer tax. He says [...]

29 10, 2015

Ontarians Are Worried About the Doubling of Land Transfer Taxes

ONTARIO GOVERNMENT ONE STEP CLOSER TO ALLOWING DOUBLING OF LAND TRANSFER TAXES ON HOME BUYERS PROVINCE-WIDE The Ontario Ministry of Municipal Affairs and Housing has indicated that they are going to make buying a home even harder by giving every municipality province-wide the power to charge a Municipal Land Transfer Tax (MLTT), a change that [...]

17 09, 2015

Consequences of a Bad Tenant Revealed

by Jordan Maxwell Courtesy: Canadian Real Estate Wealth It’s a situation that Tyler Souilliere, a real estate investor and founder of TySoull Real Estate Group in Windsor, Ont. recently dealt with at one of his investment properties. “We were able to get them to leave not by following the system; the Landlord Tenant Board, but [...]

17 07, 2015

Bank of Canada Cuts Key Interest Rate

OTTAWA -- The move by the Bank of Canada to cut its key interest rate will help consumers out a little, but experts say with rates already near record lows, it won't mean much for individual borrowers. Canada's big banks trimmed their prime rates by 0.15 percentage points to 2.7 per cent in the wake [...]