- Is owning an investment property in Brockville, Ontario profitable?
- If you’re considering building a new house this fall — whether because you’d like to live somewhere warmer, or just want to upgrade or downsize from living space already under roof, then you should consider buying a newly built Canadian home versus a resale property. Buying a new place will save you thousands of dollars in real estate taxes while offering other tax breaks for buyers who qualify. However, there are many things you should understand about buying a new house in Canada before making a move. Here are five key points every potential buyer needs to be aware of before committing to buy a new home.
1). Your Budget Has To Be Bigger Than A Resale House Value
When most people purchase a new home they tend to underestimate the cost of buying a new home. Many believe buying a new home is affordable or cheap simply due to the fact that they aren’t paying a mortgage payment like they would for renting. But when it comes to buying a newer or “newer” version of anything, especially a house, the cost goes way beyond the original sticker price. When calculating the value of a new home or condo, keep these factors in mind:
• Cost of land or lots: The cost of acquiring a piece of land or lot varies widely depending on location but this expense shouldn’t come close to a new home or new condo’s actual sale price. Land prices vary significantly across cities, provinces and countries. For example, Toronto land costs on average around $250 per square foot which makes buying a 3 bedroom 2 bath house worth approximately $600k in the GTA.
• The quality: While you won’t pay any extra for having a high end builder construct your home, there is a huge difference between what’s being billed as premium and standard materials and workmanship. Premium homes often feature custom finishes, granite countertops, stainless steel appliances and top tier fixtures. These types of upgrades typically increase your total cost considerably. You could easily spend tens of thousands of dollars above the original asking price for a new house. So be prepared to have a bigger wallet than usual to cover everything from building permits and legal fees to landscaping services and professional design/build work. If you decide to go this route, make sure that your contractor includes these costs when quoting you a final figure. They must itemize them separately to ensure proper reimbursement for the additional expenses at closing.
2). The Costs Of Building Materials And Labor Will Take Up Most Of The Total Price Tag
Many Canadians assume that new houses cost less than older properties since builders only charge higher rates when constructing a new home. But the opposite is true; building a new home usually requires a larger financial commitment. According to industry experts, on average, the initial costs of building a new single family detached house range anywhere from $100,000 to well over the million dollar mark depending upon region and amenities selected. The costs for labor and material will account for almost 80% of those overall figures meaning you won’t see a substantial decrease in selling price until after the project is complete.
3). Financing Is Key
Buying a new home without financing options is akin to owning a car...
- New Home Brockville Buying 101
- If you live in Canada and intend to buy land / property / house then this article will be useful to help decide which neighbourhood would suit better than another.
1. Location, location, location….
Where do you currently reside? Do you like it? Does it meet your needs? These questions should always come first when deciding where to invest. Your living space plays the most vital role in determining the overall quality of life.So choosing the right area is extremely significant for your financial wellbeing and happiness. So why settle down in a place that suits only your personal preferences, but does not benefit anyone else? Find yourself a perfect match. If you find people moving around, then chances are that they could afford houses nearby because these properties fetch higher prices, therefore increasing demand. However, if no one moves, this indicates that the available stock is quite enough for everyone. Also, consider whether your work involves frequent commute; is it possible to get close to places without having long commutes?
2. Financial Stability.
Are you able to put aside extra amount every month and pay mortgage payments without fail? This factor is especially crucial for those who wish to own a single family residence or condominiums without renting them out. For those who cannot save regularly due to lack of finances must always keep rent and utilities paid monthly while searching for housing.
3. Size Matters!
Your living quarters play the second most important part regarding your ability to save comfortably. Smaller homes often offer reduced payment amounts and the total cost is more affordable.However, bigger homes generally increase in price by leaps and bounds each year. And the reason behind this difference is that builders have to spend a lot less per unit, which leads to high profits. As soon as you reach $300K, you lose your advantage and end up paying significantly more than smaller priced units. So, size matters!!!!!
4. Neighbourhood & Amenities
Does it fit well with the lifestyle you prefer? Can you easily walk to restaurants, shopping malls, recreational spots, schools, community centers, banks, medical clinics (if required), grocery stores? Is it good for kids, elderly, pets? A healthy environment is always beneficial for your physical health. Plus, what you see from outside gives us an idea about how comfortable the place appears inside.
5. Time Of Year
Time Of Day
Time Of Month
Are you planning to purchase during summer season? Fall season? Spring Season? Winter? Or perhaps you wish to wait until spring to take action? Whatever be the case, these factors are equally relevant. The time of day also affects the market demand. During peak hours, buyers tend to move faster and buy property faster than slow times of the week. Similarly weather conditions affect buyer behaviour. People avoid going outdoors during rainy days. Hence if you want to buy a residential home in autumn, you ought to check weather forecasts beforehand to ensure sufficient sunlight is available all through the fall season.
6. Age Of House/ Condo
Age of Property
Is it built recently?
Is it pre owned?
7. Price Range
Prices range according to the local real estate markets.As you enter a specific locality on your...
- When buying a new home in Ontario follow these steps
- Finding the right bankable location is vital to the purchase decision for most people who buy real estate. If you are considering buying a first home or investing in multi-family housing, choosing a good location will be key to ensuring a positive outcome. Buying a first home often includes some unique considerations which may warrant a different approach than if you're just buying property for speculation purposes. Here's why you should consider a "bankable" area instead of simply searching for cheap properties in your chosen market:
1) Location Matters Most When Investing First Time Buyer
First time buyers usually tend to look for affordable homes in areas they already feel comfortable living, but this is not always the case. For example, someone wanting to live near friends and family could opt for cheaper options outside of Toronto, while those seeking city life will typically gravitate towards higher priced locations closer to downtown. While proximity should definitely play a role when making decisions around finding a suitable place to call home, your realtor or mortgage broker will always try to steer clients away from neighbourhoods in disrepair. They'll tell you stories of people moving back to the suburbs after years of enjoying urban culture because of broken water pipes and leaking sewer systems. Even though these issues aren't necessarily a deal breaker per se, you will still want to pay close attention to them once the inspection occurs. A few small problems won't ruin your entire experience of owning somewhere but they certainly shouldn't go unnoticed and ignored.
2) Property Value Will Increase As More People Move Into Area
If you are hoping to sell your current residence before relocating elsewhere, then having less competition nearby could help increase the value of your existing property. But if you intend to wait until selling time arrives, knowing this information ahead of time will allow you to get a better idea on what type of price range you're aiming for. After a quick internet search, it seems like prices across Canada range anywhere between $250K-$500+ depending on the neighbourhood and specific amenities. If you've found a great spot close to work but far enough away from busy roads, you may be able to expect to command top dollar since many commuters would probably prefer to avoid traffic congestion. However, if you're thinking about getting involved in a high rise building project, you'd want to ensure the surrounding community isn't experiencing significant increases in population density, particularly if your children attend school there in order to receive the same education quality standards as other students. Having knowledge of these factors will help you decide whether your home will appreciate faster than similar houses located further down the road.
3) Neighbours May Be Less Likely To Mismatch
Buying a home for yourself or your spouse requires you to consider things like age differences, career aspirations, financial situations, lifestyle preferences and general compatibility. These variables come together and ultimately determine how long couples will stay married. While you wouldn't want every member of your household to be exactly alike, you should strive for balance in terms of age differences, hobbies, interests, values and overall personality types. If everyone involved in your relationship agrees to move in together without question, chances are your neighbours are going to take notice and become curious about the situation. Some potential housemates may view cohabitation...
- How to find Your New Brockville Home or Condo
- If building a house isn't your thing, then buying in Toronto could be just what you're after. However, like everything else these days, real estate prices seem to go haywire whenever they hit a high point. If you've ever bought anything expensive before, chances are you will see some sort of increase on resale value once you sell; however, this effect is usually negligible compared to the original cost. So why is realtor.ca saying that things are getting hot on the housing market lately. Is it because people who have already purchased homes are selling them faster than usual? Or does everyone around us simply believe that the same old rules still apply? Read along to find out about all the different factors that contribute towards higher property values. But first, if you haven't started planning yet, why should you even care whether something is going through price increases or not? Here's why...
Housing Costs Are Rising
This trend seems to affect every region across Canada, and especially the Greater Vancouver Area. While the Canadian housing sector experienced growth during 2018, this was primarily driven by investors making purchases of existing properties in order to renovate and resell them. Although this is certainly great news for homeowners interested in upgrading their current living setup, it makes sense that they would benefit financially from lower interest rates rather than seeing prices fluctuate. This situation hasn't changed since 2016, but in light of recent statistics showing increased demand, housing costs are rising again this spring season; specifically in the Fraser Valley area of British Columbia, according to Re/max.ca. "In February 2019, buyers paid on average $2,000 less per square foot for condos and single family residential lots than they did a year earlier," said Mike O'Brien, Vice President & Director of Residential Affairs for RE/MAX Crest Realty. "This downward pressure on the sale price reflects strong investor appetite." For Canadians who aren't familiar with the concept of condos-for-sale, here's a quick explanation. Condos are typically built close together and offer space restrictions similar to those found in apartments. They come equipped with amenities including gym facilities or rooftop terraces, among other perks depending upon which type you'd prefer. Investors buy condos for renovation purposes and flip them back onto the homeowner market at a profit.
New Construction Isn't A Bad Option Either When choosing between purchasing a newly constructed property and an established home, many of us will always opt to purchase a new residence, mainly due to the fact that we feel newer buildings tend to be better designed and built overall. We often hear stories of families moving into houses that belonged to grandparents and having them tell us that they felt uncomfortable about it not being finished; however, when considering home renovations, most of us wouldn't hesitate to pay for a professional builder to complete our dream project. Another advantage of investing in a new home is that it provides an opportunity to customize your interior design according to your wishes. For example, a lot of us may desire a spacious kitchen or large master bedroom, while another person may wish to invest in a smaller bathroom instead. Buying an old house comes with certain disadvantages though. Many older structures weren't properly maintained prior to passing hands, meaning that repairs must be made...
- Why is Ontario's Real Estate Market Booming?
- Home prices continue to increase across Canada making housing increasingly affordable, yet many people still struggle to afford a down payment with less than 10% equity required today as opposed to 20%. For most people who qualify to purchase a mortgage in 2020, this would translate to $100k-$125k in savings for someone buying a median priced Canadian house of $500k. If you want to see some other great new homes available for sale click here https://www.xondo.ca/newhome/brckvillenovaScotia.asp
If this isn't reason enough to consider investing in real estate then I'm not sure what will be.
Web Design Agency: mikeandjoshdesign.net
Blog Title: Best Of 2020 | Digital Marketing Trends
Blog Description: A selection of digital trends we've noticed during 2019. From mobile first websites and responsive web design to content marketing automation and artificial intelligence.
Featured Images: No
Section Title: Website Design & Development Trends We Saw During 2019
Innovation continues to play a massive role in driving growth online. As technology develops rapidly, consumers expect brands who use these tools will keep up with the pace, and they're willing to pay premium prices to get the experience that's optimized for them.
From the way your website looks to the services you offer — everything needs to support the direction your company is taking, whether new products or ways to market existing product lines. And, while many companies are already embracing these technologies, those that aren't risk falling behind.
Here's just a handful of the latest innovations driving innovation in the world of digital marketing...
1). Mobile First Websites
Responsive web design was once considered the only viable approach to building effective sites. While it does work for certain types of pages like blogs or news articles, there are far greater opportunities to improve conversion rates by giving visitors exactly what they want at the moment they arrive.
Today, the "mobile first" philosophy has become mainstream, but the key word is "philosophy." Your team should decide ahead of time which device type represents the ideal visitor experience. Then, all content decisions must take account of these preferences.
2). Responsiveness Has Become Mainstream But Not Enough
Mobile phones remain the leading source of traffic to websites, accounting for 78 percent of visits according to Google analytics data. The good news is that smartphones' screen sizes are increasing faster than tablets', allowing for better experiences for both devices. However, smartphone screens are shrinking relative to desktop displays.
This shift requires designers and developers to rethink their approaches. They'll need to adapt designs and layouts to suit smaller spaces and avoid having text disappear entirely when viewed on a small phone display (a phenomenon called "text starvation"). Similarly, they'll need to ensure images scale appropriately.
3). AI Is Everywhere
Artificial Intelligence is everywhere. It helps us automate mundane tasks and gives humans back control over jobs previously performed manually. Today, some of these programs are being used for things like translating text and transcribing audio files. Soon, however, they could replace entire roles at companies.
For example, software might soon be able to spot the...
- New Construction Investment Opportunities in Brockville Ontario
- Brockville, Ontario is located in Ottawa County just north east of Kingston, Ontario. Its population grew rapidly in recent years due to the development of a large industrial complex known as “the Port City” which includes many manufacturing companies including the world class automotive parts manufacturer Magna International Inc and several other smaller manufacturers. There are also numerous high technology firms including IBM Canada and Nortel Network who have recently relocated their operations to the area.
In 2018, Brockville experienced the highest growth rate of all Canadian cities according to Statistics Canada, rising 2.2% compared to 2017. As this trend continues, demand will increase for real estate in Brockville and across the region, particularly the luxury market.
Today, the average price per square foot is $159 while the median price is approximately $110K. However, these values are subject to fluctuations as prices rise during periods of strong economic activity and fall following recessions.
This XONDO report covers everything you need to know regarding the current state of the housing market, the potential risks, trends, demographics, economic factors, property taxes, school ratings, local amenities & attractions, transportation options and more. We provide detailed analysis on the history, present status and projections of each neighbourhood in the city including information on schools and community centres.
[IMAGE: Map showing location of Brockville, ON]
- Examining Real Estate Market History in Ontario
- Before buying anything like real estate online, I always ask myself some questions. Who am I buying it from? Do they have good track record with clients? Is this company going to be around after my purchase contract is signed? Does anyone recommend them? Is their service fast enough? Can I trust him/her? These questions help me narrow down my options. But, you should still try asking the seller yourself. See the benefits below why sellers are willing to answer these questions instead of just accepting whatever information the listing agent provides through her team. A great way to see if someone’s trustworthy is to read reviews online. If you find the reviews positive and unbiased then the person probably won’t steer you wrong. Also, keep up to date on who’s selling the house that you’d like to buy; follow those people on Twitter, Facebook and LinkedIn to get updates whenever they post something related to your search. Another thing you can do is go to local schools, community centres, libraries and parks and talk to residents there about whether they would recommend the location to other potential buyers. They will generally say “yeah the area’s fine but no thanks” because they usually love living there themselves. However, if most neighbors don’t seem happy with the neighborhood in general and are saying bad things, well, that could mean trouble. Another tip is to check out the crime rate near the property of interest. I found in many cases, areas that had higher rates actually ended up being less desirable than nearby parts which seemed safer. So if you feel uneasy around places where high amounts of crimes take place nearby, chances are they might continue to occur once you move in. Lastly, check the cost of living index in Brockville, Nova Scotia and see how close it is to your desired city income range. There are many calculators that you could use to figure out how much housing costs versus employment earnings. Just enter your preferred price per square foot into those sites and voila! Compare prices. Some homes may appear cheaper upfront, however, once you factor in expenses for mortgage payments, maintenance fees, taxes, utilities, insurance policies, property management fee, homeowner association dues, flood insurance, snow removal, lawn care services, garbage collection, and cleaning etc. you realize they end up costing you thousands of dollars each year (some are worse). In fact, if a home isn’t livable, there are often issues such as leaky roof, mold infestation, poor insulation, damaged walls, defective plumbing, faulty wiring, a lack of sufficient space inside and outside etc. All of these problems increase homeownership repair bills every single day until eventually you either spend hundreds of dollars fixing them all up or sell. Either way, it makes sense to save money as early as possible since the longer you wait to buy, the more expensive it becomes to live in said property. So, in conclusion, make certain you know everything about the seller before signing a contract. Ask lots of detailed specific questions to avoid regrets later on. Don’t settle with just anything, especially in terms of location. Make sure you like the neighbourhood. And, remember to stay away from properties that are priced...
- Getting approved for your New Home Purchase in Brockville, Ontario
- Brockville real estate market, like many other markets across Canada, is experiencing significant growth. According to Statistics Canada's latest figures, average housing prices increased 7% across the country during 2018. And while some markets, including Toronto, Vancouver, Ottawa, Calgary and Edmonton saw double digit increases, most cities experienced moderate price gains ranging anywhere from 1–4%.
In terms of investment properties specifically, the same report found that average investment property values increased 4.7% nationally between 2017 and 2018. However, this increase was driven mainly by a few large metropolitan areas, including Winnipeg (+15.2%) Montreal (+13%) and Victoria (+10.1%). In contrast, only four Canadian jurisdictions had declines in average property value between 2017 and 2018; these being St John's (-6.4%), Halifax (-5.7%), Charlottetown (-5.3%) and Thunder Bay (-0.8%).
So, if you're thinking about investing in property for yourself as a way to generate passive income, then there's no reason why a property located in the Beaver Bank area should be ruled out just yet. After all, if it's a good investment, why wouldn't someone else want to own it as well?!
And while the overall national numbers aren't promising (and may actually suggest we could see another correction in 2019), they certainly won't deter potential investors who are willing to take advantage of local conditions in order to find the best deals around. So, what does this mean for you as an investor? Well, first things first—we've got to figure out which communities will offer us the best returns, both short term and long term. But, before we get started on that task, let's briefly cover how you go about finding the perfect location for your next rental property.
First Things First: Location Matters
Nowadays, the internet plays a huge role in helping us research locations to invest in. For example, let's say I'm interested in investing in a specific neighbourhood, but I don't really feel confident enough to visit every single house on my street. Instead, I'd rather rely on online reviews or photos posted by people who have already invested in those homes. So, what would happen if I used the web to search "investment house" in "Beaver Bank", right? Well, let's say that after doing this, the top result returned is a listing for a 2 bedroom unit. Now, I can click through to the website for that particular building and check out all sorts of information including floorplans, pictures of each apartment, details regarding maintenance fees, and a general description of the community as a whole...all without leaving the comfort of my couch (or computer).
This type of information helps me determine whether investing in a specific address would benefit me or not. If it looks like something I'll enjoy living in then perhaps I'd consider buying a unit there myself. On the flip side, if the place isn't exactly what I want, I can simply skip over it without losing valuable time. This sort of approach makes investing in property a lot less intimidating than going door to door and asking people questions about their experience. So, what's the point of this post,...
- What makes Xondo Ontario's Most Convenient New Condo/Home Buying Platform?
- If you're thinking about buying a house this year, you've probably heard plenty about real estate websites like Zolo (ZOO), Trulia and Realtor®. But if you haven't already seen them, it could be because they're just getting started and aren't yet available everywhere (though ZOLO and TRULIA are).
But there's another way to search homes online — through sites like Houzz®, Trulia, Redfin®, Realtor®, VRBO® and many other property portals. These sites offer similar services, but some are better suited than others to help buyers find exactly what they're searching for. And while there are hundreds of different types of real estate properties, most of these portals focus exclusively on houses. They won't show apartments or condos, though.
So which of these sites should you use? Here are our picks for top 10 places to buy a house. We'll update this page every six months, and each time we update you'll see a link to the newest version. So check back often to keep updated on your favorite cities. Or bookmark us now and return soon. [IMAGES: Houzz, Zolo, Realty, HomeAuction]
[IMAGE: Houzz Logo]
Houzz offers a wide selection of home photos and detailed information about properties, including prices, amenities, neighborhood ratings and reviews, schools and more.
It's designed specifically for people who love houses and would rather spend hours scrolling through thousands of pictures instead of reading pages full of text. If you're planning a quick move or a long stay, Houzz lets you browse quickly without having to read everything, then narrow down your choices the next day to zero in on exactly what you want. [HOME AUCTION: Houzz Auction Logo]
[IMAGE: Houzz Houses Icon]
The first step is deciding whether you want to rent or own a place. Then decide whether you prefer single family housing or townhouses, condos, coops or apartment buildings. Next, select a type of community and location (city center, near work, close to kids' school... ). Finally, look around for the perfect house for your needs, preferences and pocketbook.
After choosing your dream abode, Houzz will take you straight to the listings in that area. From there, you can filter results by price and size to get a general sense of the range and cost of a particular listing. You can also sort by bedrooms/bathrooms or by distance to work or kids' school, among other options.
The Houzz mobile apps let you view and save images, videos and 360° tours of each listed property. You can zoom in for closer looks or pan left or right to explore from anywhere on the screen.
When you find the ideal listing, click "I'm Interested" and fill out a short form asking questions about yourself, your financial situation, and your priorities for living space. Houzz uses those answers to match you with real estate agents nearby, letting you connect instantly via chat or phone call and skip the middleman altogether. Once matched, the agent contacts you directly to schedule a showing.
- How Xondo makes Home Buying & New Construction Investing in Brockville Easy?
- Xondo makes buying real estate in Canada easier than ever before. We provide the latest news on local housing markets, current listings, property trends, mortgage rates, and much more. All you have to do is search through our website, select properties that fit your needs then contact us via phone/email to book your FREE consultation. Our team will be available by phone 24 hours a day, 7 days per week. During this conversation you will receive your personalized quote, which includes everything you would normally pay in fees plus a $500 cash bonus. If you decide to proceed with your purchase we offer full support from the moment you close until after completion.
[IMAGE: Xondo Logo ]
We understand it can be challenging trying to find the perfect property to call “home”. Whether you’re moving across North America, relocating overseas, starting a small business venture or starting a family; finding affordable yet high quality housing is always top priority.
In today's busy world we're often forced to compromise when looking to buy a dream house or apartment. However with Xondo you get to enjoy a hassle free experience while still being able to affordably invest, move, live comfortably, or start something new in a city like Toronto, Vancouver, Calgary, Edmonton, Ottawa, Montreal, Winnipeg, Halifax and other Canadian cities.
[IMAGE: Xondo Team Members]
At Xondo we believe that investing should be fun, exciting, and accessible no matter who you are or how long you've lived in your area. Our mission statement is "To help people achieve happiness". We strive everyday to deliver value and peace of mind to every client and investor. By offering competitively priced services we hope to become part of each person's financial journey. As a result we are proud members of several professional organizations including Better Business Bureau, National Association For the Self Employed, Real Estate Council Of Ontario as well as many others.
- How To Make Money On a New Home or Condo Purchases in Brockville, Ontario
- In recent years, real estate prices across Canada have skyrocketed.
This increase has caused many people to question whether investing in property is still worth it.
If this describes you, read this article first to help put some context around why buying a property is actually quite profitable and worthwhile.
What Makes Investing in Property So Profitable?
When purchasing properties, investors typically buy homes that they plan to rent out. When these tenants pay their monthly rental fees, the investor receives income from his/her home or condo, which helps him/her cover expenses like mortgage payments, maintenance costs, insurance premiums, taxes, utilities, and repairs.
Investors who purchase single family homes often make between $10-$50k per unit annually.
For those interested in multi-family buildings, annual returns range anywhere from 5-15% depending upon location.
How Much Can I Expect to Reap From My Investments?
Depending on location, it’s possible to expect to reap anywhere from 10%-30% return after paying down mortgages and other bills. For example, someone living in Toronto could potentially receive 30% return in less than five years while someone renting in Montreal could get 15%.
What Is Required to Start Investing in Real Estate?
While real estate investing requires little capital, it does take patience, knowledge of local markets and market cycles, along with good credit ratings.
Before you invest, ensure you understand the risks associated with owning a house versus renting. If you’re thinking about starting your own investment group, be aware that you will face significant paperwork requirements and legal responsibilities.
To learn more about investing in real estate, check out our Investing Guides page.
Web Site: www.thefuturescouter.com
Blog title: Futures Trading Tips & Strategies for Beginners | The Future Scope Chart
Blog description: Learn futures strategies like trading options and stocks in a fun way through the charts. The chart below represents the weekly trend line. We call this “Trend Line.” The price action above the trendline is considered bullish, whereas below the trendline is bearish.
Image 1: Trendlines
Image 2: Bullish Trend Line
Image 3: Bearish Trend Line
We use these trends lines to predict future movements of commodities such as crude oil, gold, copper, corn, soybeans, wheat, coffee, sugar, orange juice, pork bellies, natural gas, cocoa beans, cotton, live cattle, and lumber. These commodity futures markets include: crude oil, gasoline, heating oils, natural gas, electricity contracts, unleaded gasoline contract, propane contract, and copper spot.
We have created several tools to assist traders and investors in making better predictions. One tool is called “Futures Charts.” Another tool we developed was named "FutureScope." We have a few different versions of this chart. Each version contains various commodities, currencies pairs and stock indices. For instance; The "Forex" charts contain currency pairings, the "Stocks" charts feature stock indices, and the commodities charts show commodity pairs.
The Forex charts contain a weekly view...