Investing in real estate

Investment PropertyBuying an investment property is a popular option for Canadians looking at different ways to invest their money.

People new to real estate investing often have no idea where to start.There are a lot of questions from aspiring real estate investors as to how they should begin, and what they should be doing. Getting started in real estate investing can be a daunting task. However, if you take the time to build a solid foundation of knowledge before you begin, you will be off to the races.

Found 151 blog entries about Investing in real estate.

What is the stress test in CanadaThe stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates.

Ever since 2016, all insured mortgages must qualify at a minimum rate or, in other words, pass a 'stress test'. The key difference between an insured mortgage and an uninsured mortgage is the initial amount you're able to put down on the purchase of a If you find yourself able to put down more than 20% of the purchase price immediately, you can carry on without seeking mortgage insurance . If, however, your down payment comes in at under 20% of the total purchase price, the government mandates that the balance of the mortgage must be backed by government-supported insurance.

Mortgage experts say the

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What is your home worth in KelownaThe dollar figure on your provincial property assessment notice should not be taken as your home’s market value

In early January, homeowners across British Columbia received their 2020 assessed property values, released by BC Assessment. For the most part, the province remains relatively stable. However, there are significant changes to note, including a dramatic decrease in values in the lower mainland by as much as 15 per cent and increases of 41 per cent in smaller areas such as Kitimat. Regardless of the situation, it can be a confusing landscape to navigate as a homeowner, seller, or buyer. Here is a look at some of the need-to-know points that demystify the real versus the perceived impact of the newly released property assessments.

But hold

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Land for sale in BCWhen it comes to investing your money, land has always been a valuable commodity to consider.

Some investors purchase a vacant lot for immediate development. However, others buy lots with the intention of letting the value grow over time. It’s also possible to purchase land close to your own home to increase its overall value too.

Did you know that Canada makes up more than 6 per cent of the Earth’s surface? That’s a whole lot of space! Great news for anyone moving to Canada with dreams of building their own home. But where do you start? With a plot of land. Like with any investment, there are some key strategies to help you make the best purchase decision. While no investment can be 100% guaranteed, land remains a safe one so long as you take into

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Investing in Real EstateAt some point in your journey as a real estate investor, you may develop the desire to quit your current job to pursue real estate investing full-time. 

It sounds exciting, right?  It is, but you’ll need to have a solid plan to replace your income before jumping ship!  Before you quit your full time job there are many questions to ask your self. You will have seen the countless TV programs on property "flipping" and how easy it all looks when the tradesmen are lining up on the Home and Garden Channel to work on the projects and you never really see the stress behind the job.

It may be that you have recently bought a property, done some renovations and "flipped it" and perhaps made your whole years salary in one flip! This would give you a great

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Landlord in BC CanadaThe single family home has, unfortunately, become unaffordable for many people.

With roller coaster housing prices and more people finding that renting is better idea than buying, there will be more people turning to renting.

So you’ve made the fortuitous decision to invest in real estate and now you want the revenue stream to begin raining down on you. But are you ready? Below we provide a list of items to help prepare you to be an effective and fair first-time landlord!

NB- We are assuming your building allows rentals so you are not breaking any strata laws in listing your place.

Know your Tenants Rights and the Law

Learn about landlord and tenant laws in your province to ensure you’re prepared in case things go wrong—and they will. The

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Canadian credit scoreYour credit scores are an important aspect of your financial profile.

They may be used to determine some of the most important financial factors in your life, such as whether you’ll be able to lease a vehicle, qualify for a mortgage or even land that cool new job.

And considering 71 percent of Canadian families carry debt in some form (think mortgages, car loans, lines of credit, personal loans or student debt), good credit health should be a part of your current and future plans.  High, low, positive, negative – there’s more to your scores than you might think. And depending on where your numbers fall, your lending and credit options will vary. So what is a good credit score? What about a great one? Let’s take a look at the numbers.

In a

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The rental market is booming.

Kelowna Rental PropertyRenters are turning to extended leases as a cost-effective alternative to save for their future home purchases. Plus, with the current crazy increases in property values in Vancouver and Toronto that are creating more and more renters on the market. The high demand for rentals yields increased profits for rental property owners who can charge higher rents. As always a local real estate agent will help you with your decisions and make the search for the right property easier.

Considering entering the property management industry? Use these 10 tips to get started.

Invest Long-Term

View purchasing a rental property as a long-term investment. A short stint in the property management industry is not likely to generate

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How to choose your Kelowna Realtor

Are your instincts telling you that you have the wrong Realtor? Trust those instincts and watch out for these telltale signs you’re working with the wrong person

There are many wonderful REALTORS® out there who work hard for their clients and help them with every detail of their transaction, but this type of service isn't always guaranteed.

Perhaps you’re preparing to list your home or currently searching for a new one. Either way, it’s absolutely essential that you hire the right Realtor for the job. The home purchase and sale process can stress out buyers and sellers, including their agents and brokers. This stress can be caused or amplified when personalities clash or when the real estate transaction does not go as planned.

Your agent will

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BCREA 2020 First Quarter Housing Forecast Update

Vancouver, BC – January 23, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 First Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 10.3 per cent to 85,290 units this year, after recording 77,349 residential sales in 2019. MLS® residential sales are forecast to increase 6.3 per cent to 90,700 units in 2021. BC real estate sales

“The outlook for home sales in 2020 is considerably brighter than the past two years,” said Brendon Ogmundson, BCREA Chief Economist. “Momentum carried through from the end of 2019 to 2020 will put the housing market on more solid footing, aided by low interest rates and an improving

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So you are looking to move to Kamloops.

Kamloops BCSo what are the advantages to living in Kelowna opposed to lets say Kamloops or Merrit? Kelowna which comes from the Okanagan term for "grizzly bear," is located on Okanagan Lake in British Columbia, Canada. Kelowna is the 22nd largest city in Canada and the 3rd largest metro area in British Columbia with a population estimated at 120,000 in 2015.

Kelowna History
The first European to settle in the Kelowna area was Father Charles Pandosy, a French Roman Catholic missionary. The city was incorporated in 1905 when the city had 600 people and the economy centered on farming, cattle ranching, hay and grain cultivation, and orchard growing. The city's population grew dramatically after World War II partly due to a

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