Post-secondary school tuition is expensive. Add to that the cost of school housing and you are looking at a serious bill for a 3 or 4 year degree. But what if you could buy a property, with little down, and build equity while putting a roof over your child's head? Well, you can! Here is how it works. First, you have to qualify to carry another mortgage (assuming you already have one on your principal residence), NOT including any rental income … [Read more...]
Home Sales Expected to Rise, Real Estate Association Says
Ottawa Citizen The Canadian Real Estate Association has raised its outlook for home sales this year, pointing to an improving economic outlook and strengthening consumer confidence. Sales in 2011 are expected to total 439,900 units, which is still down 1.6 per cent from 2010, the industry group said Tuesday. Its previous forecast was for a nine-per-cent decline this year to 402,500 units. However, it forecasts sales to rise three per … [Read more...]
Why Buyer Protection Plan for the Ottawa Real Estate Market?
A Shifting Market Requires a Shift in Thinking As the Real Estate markets across Canada shift through a balanced market to a buyers market, behaviours become very predictable. Buyers Buyers adapt very quickly to a changing market. Buying a home is and always has been an emotional decision first and a financial one second. A shift to a buyers market has everything to do then with buyers who are fearful, running to the safety of the herd and … [Read more...]
Does your Dream Home Need Some TLC?
The story is often the same. You find the house you've been searching for in the neighbourhood of your dreams, but it needs some updating or personalizing via renovations that you aren't sure how you can afford. What if you could add these renovations to your mortgage, have it all at the great low rates that a mortgage offers, and all in one payment? Well you can with a Purchase Plus Improvements mortgage! The Purchase Plus Improvements … [Read more...]
