Most first-time home buyers often have to choose between stand-alone housing units and condos. While such decisions are majorly based on budget, monthly expenditures, and accessibility, prospective homeowners should consider other factors. Despite the increase in construction activity of multi-family homes, the percentage of the units available for sale in the last year remained…
An in-law suite is an accessory dwelling attached to the main house commonly through the basement or the rear of the house property. Also referred to as a secondary home, granny suite, and basement suite, an in law suite is typically incorporated for an elderly family member but is gaining popularity for the range of…
The demand for condos, short for condominiums, have hiked due to their affordability, availability of amenities that an average consumer may not be able to afford independently, and manageable mortgages. In addition to the most notable factor of affordability, condos encourage community building, socializing, offer security and often easier access to public transport facilities. Condo…
The term housing bubble is a common term used by reporters in a prime-time news broadcast. You must have wondered what a housing bubble is and how it can affect the real estate housing market. Knowing what this term means should not be just out of curiosity but is a need of the hour. Not…
In today’s Canadian real estate market, many homeowners desire to upgrade to bigger and better homes and cash in on the opportunity. However, selling their home may seem next to impossible if they are locked into a mortgage. Some may even think that upgrading or downsizing is out of reach. But, many property owners are…
A letter of reference for renting can help persuade a property manager to choose you as a tenant, whether renting from an individual or a property management company. To create a convincing and professional letter, your references can use a rental reference letter template as a guide. Selecting the appropriate people to write the reference…
The first month’s rent is used as a payment for the first month of your tenancy. The landlord in Ontario is permitted to require both the first and last months’ rent as a deposit, regardless of the type of residential property you are renting. Since the landlord can only use the money to cover the…
Real estate is a fancy business. People think it is charming and pays well. Agents can earn a lot of money. They are independent and work on their schedule, but they also have difficulties. In Canada, real estate agents also face challenges like any other job. It’s necessary to know what to expect when it…
Real Estate agents indeed enjoy a lucrative career but as with other technical jobs, becoming the best in the field requires the know-how of all the nooks and crannies of real estate. Nevertheless, anyone with patience, wit, hardwork and a passion for real estate can achieve success in the real estate industry. Having command over…
If you’ve ever wondered how much it costs to build a house in Canada, you’re not alone, with current market conditions characterized by a severe housing inventory cost from coast to coast. Buying bare land or a demolished house and starting from scratch may be less expensive. Aside from stock, there are numerous other advantages…
