There is no doubt many Canadians dream of owning investment properties. There's many advantages to it! For instance, renting spaces out as commerical or residential areas can generate a substantial income over time! There's a variety of options to choose from as well. Among the many options, individuals can invest in second homes, townhouses, condo's, duplexes, rooming houses or multi unit residential buildings! Although the advantages are great, there are many things to consider when buying income producing properties. Below are tips you can use to securly land your own investment propety: 1. CHECK YOUR FINANCES Before you invest in a ...
Advice for those buying investment properties
October 16, 2017
Celebrating 15 Years of the Richmond Hill Studio Tour
October 13, 2017
Want to get to know the local talent and culture of Richmond Hill? Starting on Friday, October 13th until Sunday, October 15th is the Richmond Hill Studio Tour. This city-wide tour has stops at significant local galleries, clubs and centres like the Burr House Craft Gallery, Heritage Centre, Boynton House, Mill Pond Gallery, Richland Academy, Curtain Club whose spaces will be transformed into gallery space for talented local artists. The day-long event will conclude at 5 PM every day and is free for anyone to attend. Richmond Hill is a fantastic place to consider putting down roots if you're thinking about relocating. With ...
Updates on the GTA Market
October 10, 2017
Compared to sales last year, overall home sales are down in the Greater Toronto Area. However, according to the Toronto Real Estate Board (TREB), there's a continuous rise in Conominium prices. Even though, listings were up by 9.4% compared to Semptember 2016, sales have been down by 35%. Furthermore, the overall price of homes in the GTA was $775,546 last month leading to a 2.6% increase from the overall price last year around the same time. In the work of measures taken by the provincial government to cool off the market, Toronto, real estate prices slowed considerably. However, the board ...
The Iris and Evelyn Team is here for YOU!
September 29, 2017
Yesterday, the Iris and Evelyn Team took the opportunity to attend one of RE/MAX’s biggest events, RE/MAX RE/CHARGE! Hosted every year, the purpose of this great event is to have RE/MAX agents energized, engaged and most importantly inspired with leading insights from experts and hands-on opportunities! With the aid of these events, Agents like us use the knowledge gained to better serve and satisfy their clients! Furthermore, the conference provides us with the latest tools, forward thinking ideas and the network opportunities to be the ultimate aid for you, YES YOU, on your journey to sell, purchase or lease your ...
Breast Cancer Awareness Month
September 25, 2017
As a woman who believes in girl power, Iris is proud to be taking part in this year's CIBC Run for the Cure. The event is dated for October 1st, 2017 marking the first day of Breast Cancer Awareness Month! The CIBC Run for the Cure is a 5k or 1k walk or run that raises funds for the Canadian Cancer Society. It is the LARGEST single day volunteer-led event in Canada in support of the Breast Cancer cause! Cancer is known to be the leading cause of death in Canada and is responsible for 30% of all deaths. Cancer ...
Updates On The Canadian Housing Market
September 15, 2017
Although house prices are still high locally and nationally, data still suggests a moderating real estate market with lower sales and declining month-to-month prices. The CREA (Canadian Real Estate Association) announced that home prices have declined nationally at a rate of 2.1% month over month since July of this year. Activity in July this year around stood at a rate of 11.9% lower than the rate of the same month last year. Furthermore, the number of newlt listed homes declined 1.8% from June to July. In terms of price statistics, the MLS Home Index was up 12.9% year-over-year in July ...
Bank of Canada Calls a Second Interest Rate Announcement
September 11, 2017
If you're about to renew or take out a mortgage, you might want to take note of the Bank of Canada's second interest rate hike. The interest rates have increased twice in less than two months in an effort to adjust to Canada's recent economic growth. The April-to-June performance led to a surprisingly healthy growth in the first three months of 2017 and easily exceeded the Bank of Canada's projections, deeming it to be "self-sustaining." Increased consumer spending was also a sign that Canadians are enjoying employment and income growth which prompted the Bank to increase their rates. On top of that, widespread strength in business investment ...
Continued -- Ways to save for a Downpayment for any BIG Purchase!
September 7, 2017
Saving for a new home can be very hard, but NOT impossible. Here are more ways to make saving money more doable: 5. Look for cheaper ways to do things One thing smart people do to save a lot of money is adapting to a cheaper lifestyle or look for cheaper alternatives to do things without diminishing their fun. For example, for someone who likes to eat out a lot, they can look for cheaper places which that offer the same food choices. Also, some offer 2 for 1 coupon deals which can help in cutting your eating budget in half. For ...
Ways to save for a Downpayment for any BIG Purchase!
September 6, 2017
There are MANY great ways you can save up for your dream home. Fortunately, you can use these same tips and techniques to save up for other purchasable matter like a car, vacation, paying off your debts or simply saving for your retirement! It's been proven that once you achieve your financial goal, you build a habit of maintaining these strategies to achieve other aspirations as well! It all depends on how motivated you are to accomplish these goals. Here are the tips: 1. YOU MUST PRIORITIZE Saving for something important, like a home, is all about priorities. If saving ...
Why Bother Hiring a Real Estate Salesperson?
August 28, 2017
One of the biggest objections a Real Estate Salesperson faces when interacting with a potential client is "why should I hire you?" Now before we get into this, you're probably thinking "oh, this blog is going to be bias towards agents!" Before you make these conclusions, just hear us out! With so muh information readily available online, consumers wonder, and rightfully so, if they should sell their home online, through regular marketing and advancing channels without representation or with a real estate professional. Here are 6 reasons explaining why a homeowner should consider hiring a Real Estate Professional to sell ...