Victoria is indisputably one of the most beautiful areas in all of Canada. Having the warmest climate in the whole country, a wide array of people flock to the Victoria real estate market. However, that has left many wondering if the real estate market in the area is overvalued. Although the overvaluation is easing, it is still causing some issues in the housing market at this time.
Many people in the area who would like to buy homes are priced out and are forced to rent instead; some can’t even afford rental prices. But as personal income and employment rates are on the rise, the Victoria real estate market, which was once hailed as “highly overvalued” has now been downgraded to “moderately overvalued.”
Bob Dugan, CMHC chief economist has said, “In Toronto, we’ve seen an easing of the pressures of overvaluation because house price growth has moderated and so the level of prices isn’t increasing as quickly but fundamentals are still growing at a strong rate, so there has been a narrowing of that gap between actual house prices and fundamentals.” A similar trend can be seen in the Victoria real estate market as well.
Overvaluation Vs. Affordability
This might …
There are many reasons why buying condos in Ottawa might be a good idea for you. Between the benefits of condominium investment and the Ottawa real estate market, buying could be a solid long-term investment for your family. Here are five reasons why you should invest in a condo in Ottawa.
- The benefits of living in a condo are extensive.
Condos are good investments for more reasons than one. This is applicable almost anywhere. For one thing, condos in Ottawa are always in steadily high demand. This means that if you decide to sell, you will likely be able to turn an easy profit. If you are buying for yourself, however, consider that condos are generally much less expensive than houses. When it comes to buying property, a condo versus a house is a straightforward deal. Condo living also has other benefits, such as minimal upkeep and a strong community.
- The Ottawa real estate market is booming.
The real estate market in Ottawa is growing and shifting, with steady growth over recent years. New neighbourhoods are being developed, and housing prices are up. This means that it is a great time to buy a property — but as we …
If you understand the benefit of obtaining leads for your real estate business, then you have probably purchased both probate leads and an inheritance list. These are very different, primarily because of the information that is provided. One of them is more valuable than the other. When you have probate leads, you are actually given the name and contact information for the executor of the will. This is the person that is literally in charge of distributing the assets of the deceased. When you get an inheritance list, or inheritance leads, this is a list of the people that stand to potentially gain something in a will after a person’s death. Let’s look at the differences between the two of these, and then show you how you can use either of these to find a profitable house to buy.
What Are Probate Leads
Probate leads are going to give you information about the many different executors of wills that are out there today. They are more valuable simply because you are contacting the person who is in charge. This could be a family member that was designated as the executor of the will, and they will likely have control of …
Maybe you want to fetch the highest possible price for your property and sell it as quickly as you can. Perhaps you’re looking to buy your dream home in Primrose Hill or find a luxury property to rent in Maida Vale. In any such situation, an outstanding agent can help you reach your goal.
But how do you know you can trust a particular real estate professional? All you have to do is analyse the areas below.
The most basic question is the following: How much experience does a real estate agent have? How old is his or her office? In either case, five years should be your absolute minimum.
Next, can a certain agent offer you the time that you deserve? If he or she has too many other clients, you might not get the attention you’d like.
Also, is this person an expert in the kind of transaction you’ll be making? For instance, if you’re looking for a luxury property to rent in Belsize Park, your agent should have helped many others find their ideal apartments in Belsize Park.
You should be able to build a healthy working relationship with your real estate agent. …