- Is owning an investment property in Halton Hills, Ontario profitable?
- When thinking about moving closer to work in Halton Hills, ON it makes sense to consider buying rather than renting a property that will save on monthly living expenses. However, this requires making sound decisions and having strong research capabilities. Here’s some information I found useful while planning my move to Halton Valley.
Location is everything. When selecting a location for your new home, take note of nearby schools, shopping areas, commuting routes, and healthcare centres. These factors play a role in determining which communities receive higher demand for housing. Check local real estate boards to learn current market trends and prices. If possible, find homes listed through multiple agents. Also, see whether properties sold quickly during recent sales transactions. Asking yourself questions like “who lives near me?”, “what kinds of services does community offer?”, and “is commute time reasonable?” help narrow down potential neighbourhoods.
Make sure the neighbourhood meets your needs. Once you get into specific locations, be attentive. Pay attention to street names and amenities available. Make use of online databases to gather detailed info about houses including floor plan dimensions and garage size.
Finally, once your search hits the gold ring, go back and forth visiting different realty offices (including ones inside showhomes) until you feel comfortable signing purchase offers. Keep in mind that these visits shouldn’t cost you anything unless they include viewing additional listings or extra inspections.
Your finances must allow flexibility and accommodate unexpected costs. Find out how many months rent will cover your mortgage payment(s). Determine what type of loan terms would fit within your budget well. Remember to factor in tax implications before finalizing deals. Take advantage of pre-qualification options like mortgage calculators offered by banks. They enable you estimate payments without committing fully.
A good pre-approval letter indicates financial strength that lenders trust — it shows income stability, assets accumulation rate, cash reserves, debt ratios, credit history, employment status, and other relevant traits. A qualified lending officer usually reviews these documents prior to granting approval. After receiving approval letters, negotiate to determine fair deal details. Be ready to negotiate price reduction along with lower interest rates, special financing conditions like 0%, and lower closing costs.
[IMAGE: Halton Hills House Prices]
[IMAGE: Condo Price Trend in Halton Hills]
To save time, contact several lenders to ask them for their suggested minimum deposit amounts for each house price range. Compare notes with colleagues who hold similar job positions in order to reduce risks associated with getting loans. Ask brokers to provide recommendations regarding preferred lender choices.
Don’t forget to check the legal requirements before proceeding with a real estate transaction. Most people overlook this aspect but it’s essential since laws vary considerably across Canada depending on jurisdiction. For example, provinces differ greatly in regards to selling regulations whereas municipalities typically control land ownership rights. Contact a lawyer or conveyancer early to understand applicable rules related to residential purchases. [Contains affiliate links.]
- New Home Halton Hills Buying 101
- When considering whether to invest in real estate, many people will often think first about what kind of property they would like, where they would like it located, and then consider their finances and personal preferences around those things. For most Canadians, however, this isn't enough information and we're going to walk through some questions you should ask yourself before making the decision to purchase a home.
First, you'll probably want to figure out why you'd buy a house rather than rent. If you're thinking about purchasing because it's cheaper and easier, that might be true. But if you really care about having space and privacy and being able to affordably live in your own place then you might find that owning a home gives you better options down the road.
Another question you'll ask yourself is what type of neighbourhood do you prefer living near. Is the location good for walking, biking, running, or jogging? Do you enjoy spending time outdoors? Do you need to work close by because you have kids in school? These factors are just part of what makes choosing a great area worth doing research.
Next, you'll want to determine how much you could spend on a house in each area that appeals to you. How large does the lot size need to be? Do you need lots of parking spaces? Does proximity to transit matter? All of these considerations go towards determining what price range your ideal house will fall under.
Finally, once you've determined which areas appeal to you and which homes in them suit your needs, it's important to consider other aspects of the home you're interested in including its age/condition, amenities, schools, crime rate, and accessibility to services. For example, older houses tend to cost less on average but they might lack modern features and amenities while newer developments might include everything you want and more. Also, it's always good idea to check on local property assessments and see exactly how expensive properties around where you are looking to move actually are.
Now, you'll want to take those pieces together and decide what's right for you.
[IMAGE: Screenshot of XONDO Real Estate Website]
We hope this helps answer some of the common questions and provides you with some insight into the types of neighbourhoods and prices available to help get started on finding the perfect home.
If you still haven't found the perfect spot yet, keep searching until you find something you love and feel confident about moving forward. We wish you luck in finding the property that suits your lifestyle perfectly!
For additional tips and guidance on purchasing a home in Halton Hills please visit www.xondohomes.com. Or connect with us online via Facebook, Twitter & Instagram @XondoHomes!
[IMAGE: XONDO Logo]
#newhome #homes #investing #realestate
- When buying a new home in Ontario follow these steps
- Are you interested in buying a new home in Toronto but don't know which area suits your needs and preferences the most? Well this post will help you decide whether you should buy a detached house or townhouse, semi-detached or duplex condominium unit, a newly constructed condo building or older pre-construction condos. Read our post to learn everything you must consider regarding these choices to ensure this purchase is worth your while!
What Is A Detached House?
If you're considering buying a detached-style property, the choice seems obvious; they are typically larger than other types of homes, and offer plenty of space for outdoor entertaining, as well as privacy for family life. They can be found near schools, shopping malls, transit stations, parks or recreational areas, making them popular among families who wish to live near their kids' school(s). While many homeowners prefer living close to work, there's no denying that owning a detached home gives people the freedom to enjoy leisurely days away from the hustle and bustle of city streets. If you're planning to move into a large urban neighbourhood, however, you'll probably appreciate the convenience of having neighbours nearby; after all, nothing beats community spirit when you want to get together for a chat around the backyard fire pit. There aren't many drawbacks to choosing a detached home, especially since some newer developments feature amenities like swimming pools, community centres, gyms, playgrounds and tennis courts. Of course, a lot goes into the decision-making process, including things like price per square foot, location, and proximity to family members. However, once you've taken all those factors into consideration, deciding to invest in a detached home shouldn't prove challenging.
A semidetached home combines the benefits of a detached house and a townhome. Semi detachers usually include two stories with ground floor parking and/or basement storage space. Townhomes are often multi-level structures built along side single-family residences, although they're technically separate buildings. These kinds of properties combine the appeal of a private residence with the convenience of being able to walk outside without stepping into busy roadways. Like houses, they come in different sizes, shapes, styles, materials, prices, layouts, and designs. Some people love the privacy offered by their smaller footprint, whereas others favour the space available in a townhouse. Regardless of preference, both townhouses and semis provide lots of options when selecting an appropriate place to call home.
Condos?Duplexes?Pre-Construction Units?New Construction Buildings?
For people who would rather avoid dealing with city politics, a condo development can seem like the perfect solution. After all, condos don't rely on roads for transportation infrastructure, meaning residents won't encounter traffic congestion during rush hour, or worry about paying higher taxes for the privilege of driving. And for people looking for quick financial returns, condos are ideal because developers generally charge buyers more upfront fees than traditional builders do. Unfortunately, though condos may feel more comfortable and familiar to newcomers settling down in a big city, they lack certain luxuries associated with other housing types. For example, condos tend to be less energy...
- How to find Your New Halton Hills Home or Condo
- This post will help you navigate through different real estate markets across Canada and provide you information regarding buying an affordable property or investing in a condominium or house located outside Toronto.
If you're considering moving away from the big city life, check out this quick overview of the housing market in Ontario which includes information relating to Halton Hills Real Estate.
Halton Hills is among several other smaller townships situated along the eastern shoreline of Lake Erie. While most people associate Halton Hills, Mississauga, ON with luxury homes, they are actually mostly built up residential properties including condos or houses. These small communities offer excellent lifestyle options along with good schools nearby. If you'd like to move somewhere near family members or friends, but do not want the hustle bustle associated with living in a larger town then consider living in these areas.
Another reason why these places continue to be popular amongst residents is because they are close enough to commute to work while having quiet neighbourhoods.
One thing I recommend doing prior to searching for a place to buy a house is finding someone who lives in the area and ask them questions. Most importantly, find out whether prices would go down in 2020.
I've listed some tips below for you to get ready to become homeowners. Hopefully this will help you find a home quicker than ever...
1.) Do Not Wait Until Spring/Summer
Most Canadians tend to wait until spring when temperatures begin warming up as they search for a home to live in. However, summertime is prime hunting season for buyers.
Homes that sell during summers usually see price drops due to hot weather and demand. Many sellers take advantage of this fact to drop their asking costs by 5% to 10%. As long as it's reasonable, you should jump onto deals whenever possible.
2.) Find An Agent Who Will Work For A Fraction Of Their Commission Percentage
When selling my own home, I decided to hire an agent instead of trying to sell on my own. There was just no way I could afford paying commissions. So, I found an agent who agreed to charge me half their commission percentage. They ended up getting 20%-30% of sales commission, instead of 40%, which meant that I had less stress knowing I'd recoup this loss eventually.
3.) Consider Buying From Developers Or Builders Whose Homes Have Already Sold
Often times developers or builders will sell their existing inventory first rather than waiting to develop new builds. Since many homes already have offers, this gives you better odds at grabbing something right away. Keep an eye on local newspapers for sale listings. Check their website regularly, too.
4.) Invest Your Money Wisely By Purchasing Multiple Properties
Buying multiple properties in the same complex makes sense since prices often tend to drop together. When purchasing a single detached home, you'll end up spending more cash than buying 2-5 together.
When determining how many units you want to purchase, keep in mind that the lower priced ones typically won't stay vacant longer than six months before being sold. On average, this equates to 12 months worth of vacancy fees per unit. Also factor in maintenance costs that come with each additional unit.
For example, assume you purchased 3...
- Why is Ontario's Real Estate Market Booming?
- We believe investing in real estate is still worth pursuing — especially for those interested in buying property to rent out and earn passive income. Here are some benefits investors can enjoy over renting through an REIT like RSPO Properties Inc.:
1. Passive Income Stream
An investor who rents out a house will pay monthly mortgage payments plus maintenance fees while collecting rental revenue every month. However, this stream becomes inactive once a buyer buys the property and no longer requires tenants to occupy it.
In contrast, a renter’s source of passive income is constant; therefore, they are able to increase the size of this portfolio indefinitely through additional rentals. Investors can continue generating steady cashflow long after their initial purchase period ends.
2. Low Maintenance Costs
Unlike most other types of assets purchased during the housing boom, new homes come already finished without requiring significant upkeep, making them ideal investments for retirees and first-time buyers. The lack of ongoing costs can be appealing to renters since homeowners typically spend $50 per week just maintaining their properties.
3. Low Risk
Because a typical homeowner must deal with issues ranging from leaks to roof damage, many end up taking costly steps toward preventing problems rather than fixing existing ones that could potentially lead to higher repair bills down the road. On top of everything else, buyers risk losing equity due to falling prices in a struggling market.
However, because new houses are built to withstand storms, fire hazards and earthquake tremors, these risks become significantly lower than traditional properties.
4. Tax Benefits
Many buyers opt to buy brand-new properties instead of renovating old properties because they see tax breaks for investors versus renovations on older buildings. For example, the Canada Revenue Agency offers 30% tax deductions for renovations but does not allow deductions for newly constructed residences. As such, people who invest in newer builds benefit from substantial savings over similar renovations on older structures.
Newly constructed homes are easier to transport, move around and access than houses bought used — particularly in urban centers where transportation infrastructure makes them difficult to reach. As a result, purchasing homes closer to work and transit stops gives families greater flexibility when relocating.
6. Lower Transaction Fees
Buyers often incur large fees as part of closing a conventional transaction. Closing costs include things like appraisal fees, settlement charges, legal fees, inspections, title insurance and transfer taxes.
Since builders take care of all of this ahead of time, they avoid incurring high fees and charge only small amounts. Plus, developers tend to accept a smaller deposit upfront than banks, which lets customers put less pressure on themselves financially.
7. Potential for Higher Returns
Some experts estimate that homes sell for 20–30% higher than comparable houses purchased used. If you find yourself with extra capital after buying a home, consider putting it towards increasing the value of your next investment. Even if you decide against further purchases, selling your current place while retaining profits from a short sale or private lending provides another way to generate cash.
8. Easier to Sell Down When Ready
Most sellers prefer to stay close to family members or live in neighborhoods that promote good school districts and local amenities. These factors influence whether a seller wants to remain in...
- New Construction Investment Opportunities in Halton Hills Ontario
- Halton Hills was once just farmland until a wealthy developer bought land around the community and put his stamp down starting in 1960′s. Today, Halton Hills offers luxurious housing options ranging from sprawling single family homes to upscale townhomes and condos. While some communities offer beautiful views and luxury amenities, no other place in Canada provides as many choices under $500K than Halton Hillshttps://www.pelhamrealestate.ca/haltonhills-homeinvestment/.
Over the past 50 years, this community built nearly 20,000 properties for sale across 9 neighbourhoods. Most recent estimates suggest close to 2,150 residents live and work in Halton Hills, making it one of the most vibrant places to raise children today.
You could be living near the shops and restaurants that line the main streets like Oakville Road or Dundas Street West, but you might be happy spending more time outside enjoying nature, whether it’s boating, fishing, hiking, skiing, camping, golfing or exploring nearby wineries.. For those who prefer to stay inside but still enjoy great food, there are plenty of good eateries along Highway 410, including several fine dining spots. And while you might get tired of seeing Christmas lights after awhile, they certainly aren’t going anywhere. There’s always something fun happening in Halton Hills and surrounding areas.https://www.xondobestplaces.com/bestplaceforyourfamilytoliveinnorthontario/haltonhillsto_en/#comment=0
Pelham real estate team members provide comprehensive market updates and property information available online 24 hours a day through XONDO property listings. Our dedicated team members ensure every buyer gets complete and accurate details to help them make knowledgeable decisions at each stage of the buying experience. https://www.pelhamrealestate.ca/haltonhils-market-update/?#CommentID=/comments&PostId=/page5/postid/45981
[IMAGE: Market update screenshot]
Our Verdict: Excellent info to consider when planning next move to halton hills
- Examining Real Estate Market History in Ontario
- When considering buying your first property, one question often arises; “What will I be paying for my mortgage each month?”
In order to get answers to this question, it helps to understand some terms used during mortgage negotiations. A few key points include:
Mortgage Payment Calculator: This calculator lets you enter your current monthly payments and then gives you an estimated payment amount after the term of your loan is finished.
LTV(loan-to-value ratio) & DTI(debtor-tenant equity index): These are financial ratios which help lenders calculate your ability to pay back a specific amount of debt. They show a relationship between your monthly repayment amount and the overall value/price of the real estate you intend to purchase. Lenders use these numbers along with other factors like downpayment percentage and credit score to decide whether they would approve your loan request or offer you financing.
Property Taxes: Property taxes vary depending on location but generally fall between 1% to 3%.
Utilities Costs: Utilities costs vary widely from city to town and province to country. For example electricity prices in Canada tend to be higher than those found in Ontario.
Housing Price Indexes: The average price per square foot in various communities around the world is published online, allowing potential buyers to find similar properties in different localities.
- Getting approved for your New Home Purchase in Halton Hills, Ontario
- Before buying a single square meter anywhere else, consider investing in real estate. Not only does this provide great financial returns, but the feeling you get once you realize your place was built just for you…is priceless. Plus, many cities offer tax incentives which could shave a few thousand dollars per year off the purchase price.
Of course, choosing the perfect location requires careful consideration. But if the area fits everything you would like to live in, then it should be high on your shortlist.
This includes things like proximity to jobs, schools, parks and other amenities—but it goes beyond those basic factors. There are three more unique aspects to finding the ideal city which will help define your life for years to come. Here they are.
1. A Great Public Transportation System
First and foremost, you should find yourself living near transit lines. If you cannot drive everywhere easily without needing a car, consider leaving said vehicle behind altogether. Even if it costs thousands extra each month, getting around town on foot or via mass transit makes every dollar stretch further.
2. An Active Community
Doesn’t matter where you call home, you always enjoy having neighbors nearby. As well, being able to reach shops and services at a moments notice is essential. And since a good community offers more than coffee bars and grocery stores, take stock of all the local clubs, restaurants and cultural attractions too. Some of them include art galleries, theater companies, farmers markets, sporting venues, fitness centers and yoga studios. These are some ideas that come to mind immediately and are definitely worth checking out.3. Accessible Housing Options
Even though most communities contain ample housing options with varying prices, accessibility plays a huge role in determining whether you settle down elsewhere or stay put. While a walkable neighborhood is nice, finding something affordable isn’t always possible due to demand and supply issues. When it comes to finding homes for sale locally, consider taking advantage of the services offered by realtor.ca. They search multiple MLS listings simultaneously, meaning you won’t miss out on properties when you visit several sites separately. Of course, we recommend visiting these places together whenever possible. Otherwise, it’s probably wise to hire a private REALTOR® who knows the market well.
4. Green Space
If you care about the environment, then this factor deserves special attention. Consider the types of plants available in a given region and which ones thrive under specific climatic conditions. It may also benefit to check online and see what trees and bushes are native to certain areas of Canada. For example, some species found in British Columbia tend to be better suited for dry climates while those residing in Ontario perform better during wetter seasons.
5. Nearness To Major Roadways
When it comes to finding the perfect city to invest in, remember distance matters. After all, if traffic gets too congested, commuting times increase dramatically. Fortunately, you can usually work out commuting distances between locations fairly accurately. So if you’re considering purchasing a house close to Toronto Pearson airport, think again because the route takes 30 minutes to 1 hour round trip depending upon weather and road conditions. On the flip side, an apartment with views...
- What makes Xondo Ontario's Most Convenient New Condo/Home Buying Platform?
- XonDo has created the ultimate resource that helps buyers find the perfect property and save thousands of dollars while doing it. We provide you with real estate tips, tools, calculators, videos & guides that help you in finding the most suitable properties for you based on location criteria. Our team will assist you every step of the way through our online portal. We work tirelessly with local agents to ensure you get the information you desire. Whether buying a single family detached house or a high rise condominium unit, we have got everything covered. If you're ready to begin exploring the possibilities, just click below to discover how Xondono can help you achieve your dreams today!
[IMAGE: Schematic diagram showing features offered by Xondono website.]
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Description: Zilliqa was founded in 2017 by Dr. Ziwei Chen, Zilliqa CTO & Co-Founder; Yanbo Xiao, CEO & Co-founder; Jiachen Wu, VP of Marketing & PR; and Zhaoxiang Xu, Chief Architect. They have a core mission to bring blockchain technology closer to mainstream adoption by providing scalable solutions for enterprise use cases and developing innovative decentralized applications (dApps). Their mainnet launch was announced on March 22nd 2018, which marked another milestone in Zilliqa history.
The ZIL token is used for the governance structure of the network, where 1 ZIL = 0.00001 ETH. There is no ICO planned and this project does not accept donations. Instead they aim to develop the product first, then attract investors who believe in them. Their current target market is enterprises, financial institutions, developers, miners, and governments.
In 2019 they raised $60 Million USD in funding and their development roadmap includes a full node implementation, sharding, scaling via PoS consensus, and other technical improvements.
- How Xondo makes Home Buying & New Construction Investing in Halton Hills Easy?
- New homes tend to be less expensive, but that's no longer true after Brexit.
Home prices across Canada increased 7 percent in March, according to Canadian Real Estate Association figures released Monday, bringing average national house prices to C$1.6 million ($942,000).
While many investors expect prices will continue rising due to demand driven primarily by foreign buyers, some experts say they're seeing signs of softening, especially in Toronto and Vancouver.
But home ownership isn't cheap — particularly during this economic recovery cycle. Here are five tips to making housing easier while keeping costs down.
The market dictates it. While you can get lucky and find a bargain deal, most people who buy real estate end up paying full price. And you won't always find a good deal. If you decide to go house hunting with your agent, ask them about recent sales activity around your neighbourhood, then use those numbers as benchmarks to help determine whether you should purchase something cheaper than your asking price. A better approach: Find out which neighbourhoods see lots of price reductions, and target those first. Then narrow your search within each area to see what kinds of properties are available at different levels.
Make a timeline. When shopping for a place, look for deals only in specific windows; otherwise, sellers could feel pressure to move quickly. For instance, if the home you like goes under contract tomorrow morning, wait until noon the next day before driving or calling back to discuss terms of sale. Sellers often try to strike deals quickly because they've already paid a broker fee, putting them behind the eight ball financially. Don't worry unless you really love the place in question. Even if you have cash burning a hole in your pocket, waiting makes sense if you haven't found exactly what you want yet.
Get preapproved from banks, credit unions and other financial institutions. They'll offer rates lower than conventional lenders if you meet certain criteria. Your mortgage officer can tell you if you qualify, though you may have to pay for their services upfront. But many borrowers prefer being able to shop without having to put everything they own on the line.
Know what types of loans work best for your finances. Mortgages come in several varieties, including fixed rate mortgages and variable interest rate mortgages. Fixed rate mortgages usually carry lower monthly payments for the entire term of the loan. However, if interest rates rise significantly higher than anticipated, you could face having to repay twice the amount originally borrowed. Variable rate mortgages typically offer slightly higher initial payment amounts and lower minimum interest rates. You'll often find yourself choosing between these options every time you refinance, depending on current lending trends. Be careful: Lenders generally charge extra fees whenever you apply for refinancing, even if nothing changes. Make sure you check for such charges upfront. One thing worth remembering: Borrowers with poor credit histories sometimes struggle getting approved simply because traditional financing programs are geared toward wealthier applicants. If that's the case, consider private student loans if you want guaranteed approval or non-traditional sources such as peer-to-peer mortgage networks or crowdfunding sites.
Consider buying instead of renting. Owning a piece of property gives you control over the size of your living space, security against fluct...
- How To Make Money On a New Home or Condo Purchases in Halton Hills, Ontario
- Are you considering buying a new home/condominium this coming spring season? If yes, then the first step would be choosing the best place in which to invest your money.
This guide will help you understand the ins of the real estate market, along with the latest trends in Halton Hills, and provide you with some useful tips for investing wisely. So read on and learn how you could potentially earn money while making a great investment decision!
First things first, if you haven’t yet bought a house or condo, there is still plenty of time left until April 1st, 2020, but you should definitely act fast because demand is high, especially during winter months like January-March.
If you’d rather wait till after summer to purchase, that’s totally fine, just take note that prices tend to decrease by approximately 5% every June. But if you really want to get into your dream property ASAP, then I highly recommend starting early.
In my opinion, there are several factors that determine whether you make good profit on a real estate deal or lose big bucks. These include, among other factors, location, type of housing, price range, size of living space, amenities and proximity to work or school, amongst many others.
So without further ado, let me present the ultimate guide to make money on a new home in Halton Hills, Ontario. Read on and find out the most profitable areas to buy a condo/house.
Location Location Location
When deciding where to buy a home, there are 3 key points to keep in mind:
Accessibility – Is it close enough to public transit routes? Will your commute to and fro become a hassle if traffic gets bad? Does the neighborhood seem safe enough? These questions will affect your daily life significantly, therefore it must be considered carefully.
Proximity – Where exactly are your neighbors located? Do they have kids who attend schools around? Will your children benefit from nearby playgrounds, parks, sports facilities and libraries? All these aspects play a significant role in determining the overall value of your home. For example, if you live near a park with lots of green spaces, your kids won’t feel bored during long commutes. And you will probably enjoy better quality of life, since people in similar neighbourhoods are generally friendly towards each other. Also, if you own your home and live nearby, chances are high that your neighbours are going through tough times financially, thus giving them extra motivation to pay attention to your needs.
Affordability – Can your monthly income cover the mortgage payments plus other expenses such as insurance, maintenance fees, taxes, utilities, groceries, childcare costs, education of your child(ren), etc.?
Nowadays, Halton Hills offers excellent accessibility via multiple transportation lines including GO Transit bus, Highway 403 & 407 expressways, Brampton RT, Mississauga Bus Rapid Transit Line, Toronto subway line as well as Highway 401 and 417 highways.
Halton Hills also happens to be close to downtown Toronto, which makes commuting to your office quite convenient. Plus, it takes only 15 minutes to drive to Bramalea City Centre (BCC). So you won’t have to worry about parking...