vendredi 31 janvier 2020

Galion Équité ajoute des bureaux à son parc immobilier - La Presse

Galion Équité ajoute des bureaux à son parc immobilier  La Presse

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7 maisons à vendre entre 475 000$ et 1 M$ qui disent tout sur le coût de la vie à Montréal - Narcity Québec

7 maisons à vendre entre 475 000$ et 1 M$ qui disent tout sur le coût de la vie à Montréal  Narcity Québec

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Condo neuf : 11 étapes d’achat - Montreal Guide Condo

Condo neuf : 11 étapes d’achat  Montreal Guide Condo

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Galion Équité ajoute des bureaux à son parc immobilier - La Presse

Galion Équité ajoute des bureaux à son parc immobilier  La Presse

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RE/MAX Among Canada’s Best Places to Work

RE/MAX continues its streak of being the best in the business – only this time, it is RE/MAX’s own employees who are singing the company’s praises, with RE/MAX INTEGRA ranking as one of Forbes’ best places to work in Canada in 2020. RE/MAX INTEGRA, the franchisor for the RE/MAX brand in Ontario and the Atlantic region, has claimed 44th spot on Forbes‘ annual list of Canada’s Best Employers found here. The company was also 106th of the best places to work in Canada 2019 (#106) and best places to work in Canada in 2018 (#88).

A Storied Past & Bright Future

RE/MAX INTEGRA’s ranking as one of Canada’s best places to work comes as it celebrates its 40th year in business. The company was founded in 1980 on an innovative, agent-centric business model that allowed agents to keep their commissions. Naturally, this attracted the best agents because this model only worked if you were a top producer. Today, RE/MAX has #1 market share in Canada – a position that it has held consistently since 1987. Flash forward to 2019, when RE/MAX INTEGRA’s total tally of agents has ballooned to more than 43,000 agents and 3,200 offices worldwide.

This milestone is a natural time to reflect on the company’s historic wins and its continuing evolution, which includes RE/MAX’s recent acquisition of tech platform ‘booj,’ its new digitally focussed marketing approach, and a consumer-first mobile-friendly experience on remax.ca. RE/MAX INTEGRA prepares to tackle the next few years with some lofty goals on the table, including raising its agent count to 50,000, with 3,800 offices by 2023.

At this rate, RE/MAX INTEGRA could soon be one of the best companies to work for in the world.

How Forbes Ranks the Best Places to Work

Forbes, together with market research firm Statista, surveyed 8,000 Canadians who work for companies with 500 employees or more, in order to identify the best places to work, based on who are best-liked and most-recommended by their staff. Forbes’ list of Canada’s Best Employers spans 25 industry sectors to cover companies ranging from corporate giants to community-based financial institutions, non-profits, government agencies, universities, retail and more.

The post RE/MAX Among Canada’s Best Places to Work appeared first on Guide You Home.



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Lydia McNutt

RE/MAX Among Canada’s Best Places to Work

RE/MAX continues its streak of being the best in the business – only this time, it is RE/MAX’s own employees who are singing the company’s praises, with RE/MAX INTEGRA ranking as one of Forbes’ best places to work in Canada in 2020. RE/MAX INTEGRA, the franchisor for the RE/MAX brand in Ontario and the Atlantic region, has claimed 44th spot on Forbes‘ annual list of Canada’s Best Employers found here. The company was also 106th of the best places to work in Canada 2019 (#106) and best places to work in Canada in 2018 (#88).

A Storied Past & Bright Future

RE/MAX INTEGRA’s ranking as one of Canada’s best places to work comes as it celebrates its 40th year in business. The company was founded in 1980 on an innovative, agent-centric business model that allowed agents to keep their commissions. Naturally, this attracted the best agents because this model only worked if you were a top producer. Today, RE/MAX has #1 market share in Canada – a position that it has held consistently since 1987. Flash forward to 2019, when RE/MAX INTEGRA’s total tally of agents has ballooned to more than 43,000 agents and 3,200 offices worldwide.

This milestone is a natural time to reflect on the company’s historic wins and its continuing evolution, which includes RE/MAX’s recent acquisition of tech platform ‘booj,’ its new digitally focussed marketing approach, and a consumer-first mobile-friendly experience on remax.ca. RE/MAX INTEGRA prepares to tackle the next few years with some lofty goals on the table, including raising its agent count to 50,000, with 3,800 offices by 2023.

At this rate, RE/MAX INTEGRA could soon be one of the best companies to work for in the world.

How Forbes Ranks the Best Places to Work

Forbes, together with market research firm Statista, surveyed 8,000 Canadians who work for companies with 500 employees or more, in order to identify the best places to work, based on who are best-liked and most-recommended by their staff. Forbes’ list of Canada’s Best Employers spans 25 industry sectors to cover companies ranging from corporate giants to community-based financial institutions, non-profits, government agencies, universities, retail and more.

The post RE/MAX Among Canada’s Best Places to Work appeared first on Guide You Home.



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Lydia McNutt

Les 6 grandes questions à te poser avant l'achat de ta première maison - Le Journal de Montréal

Les 6 grandes questions à te poser avant l'achat de ta première maison  Le Journal de Montréal

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Galion Équité ajoute des bureaux à son parc immobilier - La Presse

Galion Équité ajoute des bureaux à son parc immobilier  La Presse

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Galion Équité ajoute des bureaux à son parc immobilier - La Presse

Galion Équité ajoute des bureaux à son parc immobilier  La Presse

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Cette union fera-t-elle la force de ces deux avocats ? - Droit-Inc.com

Cette union fera-t-elle la force de ces deux avocats ?  Droit-Inc.com

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Cette union fera-t-elle la force de ces deux avocats ? - Droit-Inc.com

Cette union fera-t-elle la force de ces deux avocats ?  Droit-Inc.com

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Quelles seront les grandes tendances immobilières en 2020? - Le Devoir

Quelles seront les grandes tendances immobilières en 2020?  Le Devoir

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HEC Montréal, la Caisse de dépôt et placement du Québec et Hydro-Québec créent une nouvelle certification en éthique et conformité - CNW Telbec

HEC Montréal, la Caisse de dépôt et placement du Québec et Hydro-Québec créent une nouvelle certification en éthique et conformité  CNW Telbec

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Bien chez soi… avec vue sur le centre-ville - La Presse

Bien chez soi… avec vue sur le centre-ville  La Presse

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Are Real Estate Taxes And Property Taxes The Same?

Taking that first step on the real estate ladder can mean a steep learning curve when it comes to financial terms and how they affect you. One common area of confusion for those entering into the real estate market is the terms real estate and property taxes, which are often used interchangeably. So the real question is, are “real estate taxes” and “property taxes” the same?

In Short, Yes.

Real estate is a type of property tax.

Property tax is an annually billed tax paid on property owned by an individual or an entity. A property tax is one of three taxes that a household pays in Canada: property tax, sales tax and income tax.

While a property tax does apply to real estate, it can be applied to items other than real estate depending on your jurisdictions’ laws. These items can include larger possessions such as a car or boat. That said, the most common property tax is that which is paid on real estate, which is why the terms property tax and real estate tax can both be used in reference to the taxes paid on real estate.

However, the term real estate can’t be used in reference to property tax that is paid on items that are, of course, not real estate.

How Are Property Taxes Calculated?

When researching property taxes – what they are and how they will affect your finances – you may come across the terms mill rate and mill levy. These terms relate to how your real estate tax is calculated. The mill levy is the tax rate imposed on your property value, with one ‘mill’ representing one-tenth of one cent. This means that if real estate is valued at $400,000, the associated mill rate would be $400. This then applies to the overall value of the jurisdiction and helps determine how much revenue is needed in order to run necessary functions for the community. This revenue is then passed onto the property owners in the region.

Property taxes are calculated based on the value of the real estate property, both the land itself and any buildings on it. A property tax is a combined rate for both municipal and provincial property tax rates. The rate is determined based on the value of the property and whether the real estate falls under the residential or non-residential category.

After the initial appraisal of the property when purchased, an assessment by an official tax assessor visits the property every one to five years to update the value of the property and adjust the property (or real estate) taxes accordingly. The assessor can determine the property tax and value of the property through three methods: by performing a sales evaluation, following the cost method or estimating the amount of income that would be generated should the property be rented.

A good way to see if your property taxes are reasonable is by checking your tax card for comparable homes and their associated real estate taxes. Reducing your property taxes might be possible by looking for local and regional tax exemptions that apply to your property.

Factors That Can Affect Property Tax Rates

As a function of your local government, governmental changes can affect the rate of your property tax. Some of the common reasons why property tax rates may shift include:

  • Reductions in governmental revenue from grants or fees. Municipalities rely on the fees and grants allocated to them by provincial and federal governments. If the number of funds allocated changes, municipal property tax rates often shift accordingly to accommodate for this change.
  • Increases in municipal spending. The flip side of reduced municipal revenue is increased spending. Though opposite in most respects, this scenario also has an effect on the real estate tax rate (almost always an increase).
  • Failure to pay property taxes. In some municipalities, there are penalties associated with a property owner’s inability to pay the mandated taxes. As a result, the owner will often see an increase in the amount of property taxes required either as a function of a fixed penalty or an interest rate on the amount owing. Luckily, this factor is entirely in the hands of the property owner – as long as real estate taxes are paid completely and on time, additional expenses can be avoided.
  • Exempt properties. Some properties are deemed as exempt from the standard property tax rate for a variety of reasons, but largely because these properties have been deemed as valuable to society and further draw from the income of these properties would have a negative impact on these valuable contributors. Some examples of these properties could be farm residences, hospitals, churches and schools.

There are many other scenarios that could affect the property tax rate within a municipality.

What Is The Purpose of Property Taxes?

To a property owner, real estate taxes can seem like a fair amount of money if you don’t know exactly where it’s going. However, property taxes paid are another source of income for governmental bodies. The money is then redirected to the various needs throughout the area, such as the construction and maintenance of schools, city amenities, emergency services and more.

When you pay real estate taxes, you are contributing to your community services and infrastructure and, in turn, maintaining or even increasing the value of your home by creating a valuable community.

Staying Aware of Property Taxes

Once you have a strong understanding of property taxes, from how they are calculated to their purpose, the best way to ensure that you are paying the right amount is by staying educated. This means staying up to date with your municipalities changing rates and spending from year to year, finding out about any deductions you might be eligible for and having an active role in the assessment of your property.

Working with RE/MAX means having all the home and property owner resources at your fingertips. From buying and selling tips to housing market outlooks, you can make the most of your real estate decisions with RE/MAX.

The post Are Real Estate Taxes And Property Taxes The Same? appeared first on Guide You Home.



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from Guide You Home https://ift.tt/31n1lq9
RE/MAX Canada

Are Real Estate Taxes And Property Taxes The Same?

Taking that first step on the real estate ladder can mean a steep learning curve when it comes to financial terms and how they affect you. One common area of confusion for those entering into the real estate market is the terms real estate and property taxes, which are often used interchangeably. So the real question is, are “real estate taxes” and “property taxes” the same?

In Short, Yes.

Real estate is a type of property tax.

Property tax is an annually billed tax paid on property owned by an individual or an entity. A property tax is one of three taxes that a household pays in Canada: property tax, sales tax and income tax.

While a property tax does apply to real estate, it can be applied to items other than real estate depending on your jurisdictions’ laws. These items can include larger possessions such as a car or boat. That said, the most common property tax is that which is paid on real estate, which is why the terms property tax and real estate tax can both be used in reference to the taxes paid on real estate.

However, the term real estate can’t be used in reference to property tax that is paid on items that are, of course, not real estate.

How Are Property Taxes Calculated?

When researching property taxes – what they are and how they will affect your finances – you may come across the terms mill rate and mill levy. These terms relate to how your real estate tax is calculated. The mill levy is the tax rate imposed on your property value, with one ‘mill’ representing one-tenth of one cent. This means that if real estate is valued at $400,000, the associated mill rate would be $400. This then applies to the overall value of the jurisdiction and helps determine how much revenue is needed in order to run necessary functions for the community. This revenue is then passed onto the property owners in the region.

Property taxes are calculated based on the value of the real estate property, both the land itself and any buildings on it. A property tax is a combined rate for both municipal and provincial property tax rates. The rate is determined based on the value of the property and whether the real estate falls under the residential or non-residential category.

After the initial appraisal of the property when purchased, an assessment by an official tax assessor visits the property every one to five years to update the value of the property and adjust the property (or real estate) taxes accordingly. The assessor can determine the property tax and value of the property through three methods: by performing a sales evaluation, following the cost method or estimating the amount of income that would be generated should the property be rented.

A good way to see if your property taxes are reasonable is by checking your tax card for comparable homes and their associated real estate taxes. Reducing your property taxes might be possible by looking for local and regional tax exemptions that apply to your property.

Factors That Can Affect Property Tax Rates

As a function of your local government, governmental changes can affect the rate of your property tax. Some of the common reasons why property tax rates may shift include:

  • Reductions in governmental revenue from grants or fees. Municipalities rely on the fees and grants allocated to them by provincial and federal governments. If the number of funds allocated changes, municipal property tax rates often shift accordingly to accommodate for this change.
  • Increases in municipal spending. The flip side of reduced municipal revenue is increased spending. Though opposite in most respects, this scenario also has an effect on the real estate tax rate (almost always an increase).
  • Failure to pay property taxes. In some municipalities, there are penalties associated with a property owner’s inability to pay the mandated taxes. As a result, the owner will often see an increase in the amount of property taxes required either as a function of a fixed penalty or an interest rate on the amount owing. Luckily, this factor is entirely in the hands of the property owner – as long as real estate taxes are paid completely and on time, additional expenses can be avoided.
  • Exempt properties. Some properties are deemed as exempt from the standard property tax rate for a variety of reasons, but largely because these properties have been deemed as valuable to society and further draw from the income of these properties would have a negative impact on these valuable contributors. Some examples of these properties could be farm residences, hospitals, churches and schools.

There are many other scenarios that could affect the property tax rate within a municipality.

What Is The Purpose of Property Taxes?

To a property owner, real estate taxes can seem like a fair amount of money if you don’t know exactly where it’s going. However, property taxes paid are another source of income for governmental bodies. The money is then redirected to the various needs throughout the area, such as the construction and maintenance of schools, city amenities, emergency services and more.

When you pay real estate taxes, you are contributing to your community services and infrastructure and, in turn, maintaining or even increasing the value of your home by creating a valuable community.

Staying Aware of Property Taxes

Once you have a strong understanding of property taxes, from how they are calculated to their purpose, the best way to ensure that you are paying the right amount is by staying educated. This means staying up to date with your municipalities changing rates and spending from year to year, finding out about any deductions you might be eligible for and having an active role in the assessment of your property.

Working with RE/MAX means having all the home and property owner resources at your fingertips. From buying and selling tips to housing market outlooks, you can make the most of your real estate decisions with RE/MAX.

The post Are Real Estate Taxes And Property Taxes The Same? appeared first on Guide You Home.



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RE/MAX Canada

Un «charmant cottage» pour PKP - Le Journal de Montréal

Un «charmant cottage» pour PKP  Le Journal de Montréal

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Ontario lawyers put on high alert for mortgage fraud

As home prices start to escalate again, real estate lawyers have been warned to watch out for desperate homeowners who are willing to commit mortgage fraud



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Wanted: Industry's top-performing brokers

Time is running out to be part of this coveted annual ranking



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Will Toronto's suburbs see the next great housing gold rush?

The phenomenon of so-called "hipsturbias" is already apparent in 24-hour cities across North America



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Edmonton affordable housing gets a provincial policy boost

Wood-building construction will now be allowed for 12-storey residential complexes



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GTA's new home sales last year offset 22-year low in 2018

Single-family housing enjoyed particularly strong gains in sales numbers over the past year



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Quelles seront les grandes tendances immobilières en 2020? - Le Devoir

Quelles seront les grandes tendances immobilières en 2020?  Le Devoir

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Galion Équité ajoute des bureaux à son parc immobilier - La Presse

Galion Équité ajoute des bureaux à son parc immobilier  La Presse

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jeudi 30 janvier 2020

Galion Équité ajoute des bureaux à son parc immobilier - La Presse

Galion Équité ajoute des bureaux à son parc immobilier  La Presse

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Couvent des Sœurs de Miséricorde : des employés perdent 30 000 $ dans la faillite - La Presse

Couvent des Sœurs de Miséricorde : des employés perdent 30 000 $ dans la faillite  La Presse

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Le charme d'une maison de campagne en ville - La Presse

Le charme d'une maison de campagne en ville  La Presse

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Les propriétaires en difficulté étaient moins nombreux en 2019

La situation des propriétaires au Québec s’améliore depuis plusieurs années. De moins en moins de propriétaires doivent remettre leur clé ...

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Joanie Fontaine

Projet immobilier sur le site de l’ancien entrepôt Metro : 12 étages seront permis - Métro Montréal

Projet immobilier sur le site de l’ancien entrepôt Metro : 12 étages seront permis  Métro Montréal

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Broker profile: Nick L'Ecuyer's big biz has a family feel

Nick L’Ecuyer has always wanted to be the biggest and the best, but along the way he has realized that being the best requires great leadership and great support



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Toronto's top housing market status will remain unchallenged this year

Seller's conditions to prevail, amid sustained housing demand from a wealthier, more confident market



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New jobs in Canada mostly go to men – study

The trend stems from a steady need for male-dominated jobs like construction, fuelled by housing demand



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Ontarians find work in the construction sector especially rewarding

The industry benefits from the market’s high-rise development, largely considered to be the continent's most active



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Réussir un déménagement international depuis la Belgique, nos recommandations

Programmer un déménagement à l’international peut rapidement devenir source de tracas si vous ne mettez pas en place un programme bien ficelé. Entre les...

The post Réussir un déménagement international depuis la Belgique, nos recommandations appeared first on Blogue Immobilier : conseils et astuces.



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Blogue Immobilier

Les 5 grands travaux de Charles - Le Journal de Montréal

Les 5 grands travaux de Charles  Le Journal de Montréal

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La STM exproprie une partie des Galeries d'Anjou - Le Journal de Montréal

La STM exproprie une partie des Galeries d'Anjou  Le Journal de Montréal

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Montréal: mise à l'étude d'un projet de modernisation de l'urgence de l'Hôpital Fleury - Le Journal de Montréal

Montréal: mise à l'étude d'un projet de modernisation de l'urgence de l'Hôpital Fleury  Le Journal de Montréal

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mercredi 29 janvier 2020

Comment devenir hyper riche sans rien faire!


Allez lire les groupes Facebook où les propriétaires annoncent des logements à louer. Allez-y surtout pour y lire les commentaires sous les publications... Ça vole très, très haut.

La majorité des commentateurs vont vous résumer la recette pour devenir riches sur le dos des pauvres. Ça se résume à peu près comme suit.

1) Acheter un plex ou un multilogements
2) Ne rien faire, ne pas s'en occuper, anyway c'est un revenu passif non ?
3) Faire suer les locataires
4) Augmenter ABUSIVEMENT le prix des loyers
5) Faire payer l'hypothèque par les pauvres locataires
6) S'en mettre plein les poches et vivre dans un paradis fiscal toute l'année

C'est magique, non ? Une recette simple et facile à appliquer.

Devenir riche sans rien faire

Les familles manquent d'argent pour bien vivre ? C'est de la faute des maudits propriétaires véreux qui ne veulent pas laisser leurs logements gratuits.

Un propriétaire ose rénover ses logements ET augmenter les loyers ? C'est un salaud, il ne pense qu'à sa poche.

Un propriétaire profite du fait qu'un locataire de longue date quitte pour remettre le logement au prix du marché ? C'est le diable en personne ce propriétaire, comment ose-t-il faire ça ? Il aurait dû, bien ententu, investir 40 000 $ par logement et laisser les loyers au prix de 1988.

Un propriétaire a investi 200 000 $ en mise de fonds, qu'il a durement gagnés, pour acheter un plex. Et il ose espérer un retour sur son investissement ? Maudit sale capitaliste.

Un propriétaire passe ses week-ends à entretenir ses blocs, à se promener d'un bloc à l'autre, à aller chercher des outils et des matériaux dans les quincailleries. Et le maudit voleur déduit ses dépenses automobiles de ses impôts ? YARK!

Un propriétaire dépense 20 000 $ en travaux pour rénover un logement et la Régie commet l'odieux de permettre une augmentation de 43 $ par mois, c'est ÉPOUVANTABLE (le propriétaire reverra son 20 000$ dans 38 ans...). C'est un scandale.

Allez-y, allez lire les commentaires. Ensuite, diminuez tous les prix de vos logements vous les maudits profiteurs du système qui ne désirent que fourrer le monde qui ne sont pas propriétaire.

Ce texte est sarcastique évidemment...

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from Jeune investisseur immobilier https://ift.tt/312QXDG
Steve Forget

Immobilier: prévisions 2020 - Le Journal de Québec

Immobilier: prévisions 2020  Le Journal de Québec

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L'Île Balmoral finaliste d'un important concours international - Le Journal de Montréal

L'Île Balmoral finaliste d'un important concours international  Le Journal de Montréal

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L'Îlot Balmoral finaliste du prestigieux concours international du MIPIM - CNW Telbec

L'Îlot Balmoral finaliste du prestigieux concours international du MIPIM  CNW Telbec

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Condo neuf : 11 étapes d’achat - Montreal Guide Condo

Condo neuf : 11 étapes d’achat  Montreal Guide Condo

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La Capitale et SSQ fusionnent leurs activités - Le Journal de Québec

La Capitale et SSQ fusionnent leurs activités  Le Journal de Québec

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Bien chez soi… avec vue sur le centre-ville - La Presse

Bien chez soi… avec vue sur le centre-ville  La Presse

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from "Immobilier Montréal" - Google Actualités https://ift.tt/2GAwmwW

Is Real Estate Growing or Declining in Toronto?

Toronto, Canada’s largest city, has been notorious over the years from being the country’s most expensive real estate market, in close competition with Vancouver. But with Canada’s slowly mellowing housing market, it has been predicted that the city could see some changes. One thing is for sure: the Toronto real estate market is not going to be experiencing a significant decline anytime soon. So, what factors are at play and what can sellers and buyers in this market expect in the year to come? Read on for our market insights.

The Greater Toronto Area’s Market: Better for Buyers or Sellers?

According to the RE/MAX 2020 Housing Market Outlook Report, 2020 will bring good news for those looking to list their property. More specifically in Southern Ontario real estate markets, where Toronto has a significant influence, a strong price appreciation has been seen and is expected to continue this upcoming year. Conversely, though, this means that homebuyers will be looking at an even more competitive market than what was generally seen in 2019.

Why is this the case? As Canada’s largest city, Toronto and the greater area continues to see significant population growth. This fact, coupled with a trend in lowered mortgage rates means that there are many buyers competing for a much smaller number of properties in the area. The result is declining availability and increasing prices.

Who Benefits from Toronto’s Strong and Competitive Market?

The benefits of living in a vibrant city such as Toronto includes access to endless amenities, both essential and non-essential, as well as ample job opportunity and culture make it unsurprising that the demand for real estate is great, especially in comparison to the supply. This makes the market particularly advantageous for some, while others will continually struggle to make the leap into property ownership in the Greater Toronto Area.

BNN Bloomberg is very forthright with who benefits and who, quite frankly, doesn’t from this Canadian city’s current housing market: the baby boomer generation. With the shift in the homebuyer generation changing to millennials while the sellers remain to be an older and much more wealthy population, the housing market will become increasingly unaffordable as a result of reduced supply.

A Hot Market Without Signs of Cooling

Unless there is an increase in housing supply which, as mentioned above, is not likely given the current population demographics, the Toronto Real Estate Board (TREB) expects that prices will continue to increase throughout the year 2020. Our own report indicates that housing prices in the Toronto market are expected to increase by six per cent in 2020.

Despite the effects of the foreign buyer tax of 15 per cent on any property sales to those who are not Canadian residents or citizens, the market still remains strong. That said, CBC reported that the market did see a slight slowdown in the number of properties purchased by foreign nationals buying homes in the Greater Toronto Area. The “slow down” didn’t mean that foreign property ownership in Toronto stopped altogether. As reported by CBC, $1.47 billion worth of real estate in the province of Ontario was purchased by foreign buyers. Another statistic from CBC in regards to real estate sales to foreign buyers in the Greater Toronto Area is estimated to be five to 10 per cent of all home purchasers in Toronto.

In terms of growth over the past year, referencing the Canadian Real Estate Association’s MLS® Home Price Index Composite Benchmark can be a useful tool. According to this benchmark, housing prices were up by 7.3 per cent on a year-over-year basis in December 2019, the result of a steady increase throughout the year, with the most dramatic increase occurring between June 2019 and December 2019.

How The Stress Test Affects Canadian Real Estate

As of 2016, Canada implemented a mortgage stress test that every homebuyer is required to pass before a mortgage can be officially secured. This test is part of a mortgage qualifier test that evaluates whether a homebuyer will be able to consistently make their mortgage payments even with changes in interest rates.

So what exactly is a stress test? A stress test is a way to prove that a homebuyer can afford to pay the mortgage payments with the agreed and slightly increased interest rate as a way to plan for any significant changes in the country’s real estate market. All bank lenders will have their prospective homebuyers complete this stress test before officially offering a mortgage. A stress test asks you to detail the following information:

  • Your prospective property value and related property taxes
  • Your down payment
  • Your mortgage’s annual interest rate
  • Mortgage term and the amortization period
  • Payment frequency
  • Your household gross income and other debts

This stress test is a precaution and a reaction to the housing market crash that happened several years in the United States, which occurred as a result of mortgages freely given to those who were borrowing far beyond their means. However, the stress test is arguably an extreme demonstration of what were to happen should interest rates increase, making it difficult for many homebuyers to even think about a mortgage that would otherwise be attainable.

How does this translate to the growth of the Canadian real estate market? Since implementation, the stress test has correlated to a slower real estate market in Toronto, as reported by the city’s CityNews network video report.

Buying or Selling Your Canadian Home in Toronto

While the outlook for buyers and sellers in Toronto isn’t as equally positive for both parties, the lower mortgage rates that have been seen and that are expected to remain, for the most part, steady throughout 2020 make the idea of purchasing property in the Greater Toronto Area more manageable

The best way to make the most of your next foray into the Toronto real estate market is to be aware of the trends and what changes are expected between seasons in the upcoming years. Stay updated on Toronto’s dynamic housing market trends and news by visiting blog.remax.ca. You can also view the RE/MAX 2020 Housing Market Outlook Report here.

The post Is Real Estate Growing or Declining in Toronto? appeared first on Guide You Home.



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Lydia McNutt

Projet immobilier sur le site de l’ancien entrepôt Metro : 12 étages seront permis - Métro Montréal

Projet immobilier sur le site de l’ancien entrepôt Metro : 12 étages seront permis  Métro Montréal

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Is Real Estate Growing or Declining in Toronto?

Toronto, Canada’s largest city, has been notorious over the years from being the country’s most expensive real estate market, in close competition with Vancouver. But with Canada’s slowly mellowing housing market, it has been predicted that the city could see some changes. One thing is for sure: the Toronto real estate market is not going to be experiencing a significant decline anytime soon. So, what factors are at play and what can sellers and buyers in this market expect in the year to come? Read on for our market insights.

The Greater Toronto Area’s Market: Better for Buyers or Sellers?

According to the RE/MAX 2020 Housing Market Outlook Report, 2020 will bring good news for those looking to list their property. More specifically in Southern Ontario real estate markets, where Toronto has a significant influence, a strong price appreciation has been seen and is expected to continue this upcoming year. Conversely, though, this means that homebuyers will be looking at an even more competitive market than what was generally seen in 2019.

Why is this the case? As Canada’s largest city, Toronto and the greater area continues to see significant population growth. This fact, coupled with a trend in lowered mortgage rates means that there are many buyers competing for a much smaller number of properties in the area. The result is declining availability and increasing prices.

Who Benefits from Toronto’s Strong and Competitive Market?

The benefits of living in a vibrant city such as Toronto includes access to endless amenities, both essential and non-essential, as well as ample job opportunity and culture make it unsurprising that the demand for real estate is great, especially in comparison to the supply. This makes the market particularly advantageous for some, while others will continually struggle to make the leap into property ownership in the Greater Toronto Area.

BNN Bloomberg is very forthright with who benefits and who, quite frankly, doesn’t from this Canadian city’s current housing market: the baby boomer generation. With the shift in the homebuyer generation changing to millennials while the sellers remain to be an older and much more wealthy population, the housing market will become increasingly unaffordable as a result of reduced supply.

A Hot Market Without Signs of Cooling

Unless there is an increase in housing supply which, as mentioned above, is not likely given the current population demographics, the Toronto Real Estate Board (TREB) expects that prices will continue to increase throughout the year 2020. Our own report indicates that housing prices in the Toronto market are expected to increase by six per cent in 2020.

Despite the effects of the foreign buyer tax of 15 per cent on any property sales to those who are not Canadian residents or citizens, the market still remains strong. That said, CBC reported that the market did see a slight slowdown in the number of properties purchased by foreign nationals buying homes in the Greater Toronto Area. The “slow down” didn’t mean that foreign property ownership in Toronto stopped altogether. As reported by CBC, $1.47 billion worth of real estate in the province of Ontario was purchased by foreign buyers. Another statistic from CBC in regards to real estate sales to foreign buyers in the Greater Toronto Area is estimated to be five to 10 per cent of all home purchasers in Toronto.

In terms of growth over the past year, referencing the Canadian Real Estate Association’s MLS® Home Price Index Composite Benchmark can be a useful tool. According to this benchmark, housing prices were up by 7.3 per cent on a year-over-year basis in December 2019, the result of a steady increase throughout the year, with the most dramatic increase occurring between June 2019 and December 2019.

How The Stress Test Affects Canadian Real Estate

As of 2016, Canada implemented a mortgage stress test that every homebuyer is required to pass before a mortgage can be officially secured. This test is part of a mortgage qualifier test that evaluates whether a homebuyer will be able to consistently make their mortgage payments even with changes in interest rates.

So what exactly is a stress test? A stress test is a way to prove that a homebuyer can afford to pay the mortgage payments with the agreed and slightly increased interest rate as a way to plan for any significant changes in the country’s real estate market. All bank lenders will have their prospective homebuyers complete this stress test before officially offering a mortgage. A stress test asks you to detail the following information:

  • Your prospective property value and related property taxes
  • Your down payment
  • Your mortgage’s annual interest rate
  • Mortgage term and the amortization period
  • Payment frequency
  • Your household gross income and other debts

This stress test is a precaution and a reaction to the housing market crash that happened several years in the United States, which occurred as a result of mortgages freely given to those who were borrowing far beyond their means. However, the stress test is arguably an extreme demonstration of what were to happen should interest rates increase, making it difficult for many homebuyers to even think about a mortgage that would otherwise be attainable.

How does this translate to the growth of the Canadian real estate market? Since implementation, the stress test has correlated to a slower real estate market in Toronto, as reported by the city’s CityNews network video report.

Buying or Selling Your Canadian Home in Toronto

While the outlook for buyers and sellers in Toronto isn’t as equally positive for both parties, the lower mortgage rates that have been seen and that are expected to remain, for the most part, steady throughout 2020 make the idea of purchasing property in the Greater Toronto Area more manageable

The best way to make the most of your next foray into the Toronto real estate market is to be aware of the trends and what changes are expected between seasons in the upcoming years. Stay updated on Toronto’s dynamic housing market trends and news by visiting blog.remax.ca. You can also view the RE/MAX 2020 Housing Market Outlook Report here.

The post Is Real Estate Growing or Declining in Toronto? appeared first on Guide You Home.



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Lydia McNutt

Immobilier : le couvent des Sœurs de Miséricorde fermera le 31 mars - La Presse

Immobilier : le couvent des Sœurs de Miséricorde fermera le 31 mars  La Presse

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Un «charmant cottage» pour PKP - Le Journal de Montréal

Un «charmant cottage» pour PKP  Le Journal de Montréal

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Looming insolvency is a threat to almost half of Canadians – survey

Nearly one-thirds also admitted that they don’t earn enough to cover their monthly expenses



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Proportion of mortgages to already indebted Canadians growing

The numbers suggest that Canadian consumers have largely adapted to the new normal of B-20



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Montreal apartment segment sees lowest vacancy in over a decade

The market will be largely characterized by sustained, strong housing demand this year



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Canadian software company partners with American POS solution

A cross-border partnership aims to help brokers on both ends of the mortgage transaction, saving time and preventing business from falling through the cracks



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Top 75 Brokers 2020: Only a few days left to be ranked as the best

Last chance to be part of the industry’s coveted ranking



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Projet immobilier sur le site de l’ancien entrepôt Metro : 12 étages seront permis - Métro Montréal

Projet immobilier sur le site de l’ancien entrepôt Metro : 12 étages seront permis  Métro Montréal

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mardi 28 janvier 2020

Chaque pièce de ce château de 4,9 M$ à Candiac est plus spectaculaire que la dernière - Narcity Québec

Chaque pièce de ce château de 4,9 M$ à Candiac est plus spectaculaire que la dernière  Narcity Québec

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Coordonnateur(trice), Marketing | Ivanhoé Cambridge Inc. | Grenier aux Emplois - Grenier aux Nouvelles

Coordonnateur(trice), Marketing | Ivanhoé Cambridge Inc. | Grenier aux Emplois  Grenier aux Nouvelles

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Proche-Orient: Trump dévoile un plan de paix très favorable à Israël - Le Journal de Montréal

Proche-Orient: Trump dévoile un plan de paix très favorable à Israël  Le Journal de Montréal

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Immobilier: prévisions 2020 - Le Journal de Montréal

Immobilier: prévisions 2020  Le Journal de Montréal

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Couvent des Sœurs de Miséricorde : des employés perdent 30 000 $ dans la faillite - La Presse

Couvent des Sœurs de Miséricorde : des employés perdent 30 000 $ dans la faillite  La Presse

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Immobilier: prévisions 2020 - Le Journal de Montréal

Immobilier: prévisions 2020  Le Journal de Montréal

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Toronto detached housing veering towards crisis of availability

December 2019 was the seventh straight month of price growth in the red-hot market



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Recession fears predominant among Canada's debt-holders

Likely economic slowdown in 2020 is stoking much of this anxiety



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PropTech has reached critical mass, according to new report

Data usability challenges continue to hinder productivity while a majority of CRE leaders believe automation will impact jobs and transform the workforce



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lundi 27 janvier 2020

Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Voici ce que tu peux louer comme appartement avec 1 000$ dans ces 8 quartiers de Montréal - Narcity Québec

Voici ce que tu peux louer comme appartement avec 1 000$ dans ces 8 quartiers de Montréal  Narcity Québec

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Procès en destitution: un ex-conseiller ébranle la défense de Trump - Le Journal de Montréal

Procès en destitution: un ex-conseiller ébranle la défense de Trump  Le Journal de Montréal

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Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Local professionnel : louer ou acheter ?

Au-delà de trouver un bel emplacement, le choix de louer ou d’acheter le local professionnel fait partie des points à étudier pour les personnes...

The post Local professionnel : louer ou acheter ? appeared first on Blogue Immobilier : conseils et astuces.



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Blogue Immobilier

RE/MAX Executive with BNN: Canada’s Housing Market Shortage

In his latest interest rate announcement, Bank of Canada Governor Stephen Poloz expressed concern about household debt and the housing market, and hinted at a future rate cut. How would a lower cost of borrowing impact the future housing market? Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Region, told BNN Bloomberg that Canada’s housing market shortage is the bigger concern and requires a national housing strategy.

“The the real story is the serious lack of housing supply that we have,” Alexander told BNN. “There’s a huge delta between [supply] and demand, and there’s no national housing strategy to alleviate some of that pressure.”

With Canada’s population expected to grow by about 10 million people over the next 25 to 35 years, the currently unaddressed supply-and-demand issue will continue to erode housing inventory and affordability beyond levels that many Canadians already view as problematic.

“In Ontario alone, particularly southern Ontario, we’ve had about 110,000 to 115,000 people move to the Greater Golden Horseshoe in 2019 and new housing starts can only keep up by about 40,000 to 45,000 units a year. That’s a significant shortfall year after year. There’s no real incentive for developers to build more affordable housing or more rental units, especially with rent control rules right now. We’ve got some significant issues that we’ll need to tackle so people have a place to live, and they don’t have to compete like crazy to get into a home.”

Alexander warns that the housing shortage has been occurring for 10 years now, and if left unaddressed, will only exacerbate the issue of affordability further.

Affordability Issues Will Continue

Certain segments of Ontario, British Columbia and potentially Calgary, where oil prices have rebounded a bit, could experience double-digit price growth.

Will that be enough for governments to raise the red flag? They’ve already shown a willingness to step in, with the mortgage stress test undergoing a review by Finance Minister Bill Morneau.

Alexander maintains that the mortgage stress test did its job and cooled the market, and he questions its purpose under current conditions. “In my opinion, the stress test doesn’t make sense anymore because it was put in place due to where interest rates were projected to go, and that was up. Now that they’re probably going to come down, it doesn’t make sense.”

Blanket Policies Aren’t the Solution

Local economies play a huge role in their respective markets, making federal “blanket policies” a tough call, affecting everyone across the country. When the runaway housing markets in Toronto and Vancouver needed cooling, the Prairies and Atlantic Canada has completely different needs.

Fixing Canada’s Housing Market Shortage

Alexander maintains that the solution to the shortage will be found in a collective effort from all levels of government. “Different provinces have different challenges and they’re facing different market situations, but all levels need to work together to figure out how to meet the demands of the marketplace.”

“If we don’t find a long-term strategy that will bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

“Any international city, like Toronto, is expensive to buy a home, and there’s good reason for that. There’s high demand, great quality of life, people want to be close to the action, near amenities, and it continues to go back to the supply versus demand issue. We don’t have a national, provincial or municipal strategy right now that’s going to alleviate that.”

Canada’s housing crisis demands a long-term strategy. “If we don’t find a way to bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

The post RE/MAX Executive with BNN: Canada’s Housing Market Shortage appeared first on Guide You Home.



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Lydia McNutt

RE/MAX Executive with BNN: Canada’s Housing Market Shortage

In his latest interest rate announcement, Bank of Canada Governor Stephen Poloz expressed concern about household debt and the housing market, and hinted at a future rate cut. How would a lower cost of borrowing impact the future housing market? Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Region, told BNN Bloomberg that Canada’s housing market shortage is the bigger concern – one that requires a national housing strategy.

“The the real story is the serious lack of housing supply that we have,” Alexander told BNN. “There’s a huge delta between [supply] and demand, and there’s no national housing strategy to alleviate some of that pressure.”

Canada’s population is expected to grow by about 10 million people over the next 25 to 35 years. Alexander notes the lack of housing strategy that would accommodate this growth.

“In Ontario alone, particularly southern Ontario, we’ve had about 110,000 to 115,000 people move to the Greater Golden Horseshoe in 2019 and new housing starts can only keep up by about 40,000 to 45,000 units a year, so that’s a significant shortfall year after year. There’s no real incentive for developers to build more affordable housing or more rental units, especially with rent control rules right now, so we’ve got some significant issues that we’ll need to tackle so people have a place to live and they don’t have to compete like crazy to get into a home.”

Alexander says the housing shortage has been in place for 10 years now. “This growing demand, coupled with the housing shortfall, will cause continued price growth.”

Affordability Issues Will Continue

Certain segments of Ontario, British Columbia and potentially Calgary, where oil prices have rebounded a bit, could experience double-digit price growth.

Will that be enough for governments to raise the red flag? They’ve already shown a willingness to step in, with the mortgage stress test undergoing a review by Finance Minister Bill Morneau.

Alexander maintains that the mortgage stress test did its job and cooled the market, and he questions its purpose under current conditions. “In my opinion, the stress test doesn’t make sense anymore because it was put in place due to where interest rates were projected to go, and that was up. Now that they’re probably going to come down, it doesn’t make sense.”

Blanket Policies Aren’t the Solution

Local economies play a huge role in their respective markets, making federal “blanket policies” a tough call, affecting everyone across the country. When the runaway housing markets in Toronto and Vancouver needed cooling, the Prairies and Atlantic Canada has completely different needs.

Fixing Canada’s Housing Market Shortage

Alexander maintains that the solution to the shortage will be found in a collective effort from all levels of government. “Different provinces have different challenges and they’re facing different market situations, but all levels need to work together to figure out how to meet the demands of the marketplace.”

“If we don’t find a long-term strategy that will bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

“Any international city, like Toronto, is expensive to buy a home, and there’s good reason for that. There’s high demand, great quality of life, people want to be close to the action, near amenities, and it continues to go back to the supply versus demand issue. We don’t have a national, provincial or municipal strategy right now that’s going to alleviate that.”

Canada’s housing crisis demands a long-term strategy. “If we don’t find a way to bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

The post RE/MAX Executive with BNN: Canada’s Housing Market Shortage appeared first on Guide You Home.



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Lydia McNutt

Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Luxury homes in Mont-Tremblant among the country's most desirable

Supply issues in the market are likely to become more prominent this year, however



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Significant price declines observable among Vancouver detached homes

This is in stark contrast to the city’s rental market, which is likely entering a boom period



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'Exuberant' market to bolster Montreal home sales in 2020

Sales activity and dollar volume will likely outpace the market’s already exceptional 2019 numbers



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Warehouse market to see more unused space than leases in 2020-21

Developers should take care not to introduce market glut into the industrial sector, report warns



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More data, more problems: Canadian execs unsure about data

Financial companies are quickly amassing volumes of data, but executives are increasingly challenged by the fractured nature of their existing systems



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When Is The Real Estate Market The Hottest In Vancouver?

It’s no secret that Vancouver’s housing market is one of the highest in the country – in fact, it’s been consistently ranked as the second-highest Canadian city real estate market (or overvalued, according to the Financial Post), with Toronto dubbed as the country’s first most unaffordable housing market.

Predictions for Vancouver’s Housing Prices in 2020

A report by the British Columbia Real Estate Association (BCREA) predicts that 2020 average MLS Price will be 1 percent higher than that of 2019, translating to an average home price of $995,000. In tandem with this, the number of unit sales predicted for the upcoming year will be 30,100, a shockingly high 18.2 percent increase from the previous year.

Needless to say, Vancouver’s market is always hot. But there are times that are better than others for homebuyers.

When The Vancouver Real Estate is (Truly) Hot

As with many aspects of the economy, there is a seasonality to the housing market in any city, including Vancouver. When looking for a home to buy (or sell) the spring months are typically a common time for housing to become listed on the market. With this change in the seasons, homebuyers will find that, despite the increased number of listings to choose from, the competition amongst homebuyers so too increases.

This increase is generally a result of sellers remaining confident heading into the summer months, which affects the seller’s ability to find success in lowball offers. In some cases during this hot season, homebuyers may find themselves in a bidding war.

With springtime as the high season in terms of housing prices, once can begin to see a slight shift through the summer months. With many home buyers and sellers taking time off, many choose not to list their homes. With both parties generally taking a step back from their real estate deals, there is both less inventory and less of a competitive market amongst sellers.

Then, the fall season hits, bringing the flurry of real estate sales to a much slower pace in preparation for the extremely slow traffic that is seen in the winter. So, for sellers, mark your calendars for the spring where many homebuyers are beginning to think about their next property move. And for prospective homebuyers? Set your sights on buying a home in the much less competitive market during January and early February.

Some experts, however, look at the year 2020 as a whole with strong senses for a balanced market, meaning the homebuyers and sellers will experience a more normalized market for possibly the next two years.

Beyond the Hot Real Estate Market Periods in Vancouver

There are several factors at play that could affect the state of Vancouver’s housing market and potentially turn one of the country’s overall hottest markets into a slightly less competitive market.

Foreign Buyers Tax

One of the commonly reported contributors to the increased housing prices in Vancouver’s market is foreign buyers. As a result, British Columbia introduced a foreign buyers’ tax in 2016 that was designed to make the purchase of property by non-residents or citizens more cost-prohibitive. This tax structure imposed a 15 percent tax on foreign property buyers for housing throughout Metro Vancouver.

While there is some criticism around this tax, British Columbia isn’t the first market to implement this taxation structure. According to a news article by Jeremy Hainsworth for Vancouver Is Awesome, Hong Kong, Australia, Singapore and Israel have all introduced a form of this taxation to maintain a higher affordability rate for residents and citizens in comparison to the affordability for foreign nationals looking to purchase property.

Where Interest Rates Are Going in 2020

Canadian Mortgage Trends predicts that, in 2020, the Bank of Canada is expected to cut their mortgage rates in 2020. This follows suit with 40 banks around the world that had cut their rates in the year 2019 in response to a slower market during that same year. To be specific in their predictions, the article suggests a 30 percent chance of a rate cut by the Bank of Canada by July of this year.

Stress Tests in Vancouver’s Housing Market

In order to be approved for a mortgage for a home in Vancouver, most homebuyers are subject to a stress test. A stress test is part of a mortgage qualifier test that evaluates what mortgage amount a homebuyer is eligible for.

Essentially, a stress test is a homebuyer’s opportunity to prove that they can afford to pay the mortgage payments with the expected interest rate for the foreseeable future. A stress test is conducted by any bank lender but is not typically carried out by private lenders and credit unions.

In order to pass the mortgage stress test and secure the mortgage that you’re looking for, a prospective home buyer will need to qualify at either the contracted mortgage interest rate plus 2 percent or the Bank of Canada’s five-year benchmark rate, whichever option is higher.

Understanding a mortgage stress test is a valuable and necessary aspect of buying a home in Vancouver, hot market or not. Especially during a hot market, though, it’s important to be realistic about your ability to pay off the mortgage you are seeking.

Buying a Vancouver Residential Property in 2020

A PwC report suggests that, in conjunction with Vancouver’s mellowing economy, the market will begin to level out. Further, an increase in supply and the number of policies that are designed to reduce the volatility of the housing market will further strengthen the balance in the housing market, PwC predicts.

More Insights Into Vancouver’s Housing Market

Vancouver is the ideal place to live for many Canadians; the urban amenities, strong job market and diversity offer a lot of benefits for many residents, with the added bonus of having quick access to ample recreation. But with all these perks come the highly competitive and dynamic real estate market in the Great Vancouver area.

Stay on top of the city’s real estate market by visiting the REMAX Canada blog here.

The post When Is The Real Estate Market The Hottest In Vancouver? appeared first on Guide You Home.



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Kayley Jackson

When Is The Real Estate Market The Hottest In Vancouver?

It’s no secret that Vancouver’s housing market is one of the highest in the country – in fact, it’s been consistently ranked as the second-highest Canadian city real estate market (or overvalued, according to the Financial Post), with Toronto dubbed as the country’s first most unaffordable housing market.

Predictions for Vancouver’s Housing Prices in 2020

A report by the British Columbia Real Estate Association (BCREA) predicts that 2020 average MLS Price will be 1 percent higher than that of 2019, translating to an average home price of $995,000. In tandem with this, the number of unit sales predicted for the upcoming year will be 30,100, a shockingly high 18.2 percent increase from the previous year.

Needless to say, Vancouver’s market is always hot. But there are times that are better than others for homebuyers.

When The Vancouver Real Estate is (Truly) Hot

As with many aspects of the economy, there is a seasonality to the housing market in any city, including Vancouver. When looking for a home to buy (or sell) the spring months are typically a common time for housing to become listed on the market. With this change in the seasons, homebuyers will find that, despite the increased number of listings to choose from, the competition amongst homebuyers so too increases.

This increase is generally a result of sellers remaining confident heading into the summer months, which affects the seller’s ability to find success in lowball offers. In some cases during this hot season, homebuyers may find themselves in a bidding war.

With springtime as the high season in terms of housing prices, once can begin to see a slight shift through the summer months. With many home buyers and sellers taking time off, many choose not to list their homes. With both parties generally taking a step back from their real estate deals, there is both less inventory and less of a competitive market amongst sellers.

Then, the fall season hits, bringing the flurry of real estate sales to a much slower pace in preparation for the extremely slow traffic that is seen in the winter. So, for sellers, mark your calendars for the spring where many homebuyers are beginning to think about their next property move. And for prospective homebuyers? Set your sights on buying a home in the much less competitive market during January and early February.

Some experts, however, look at the year 2020 as a whole with strong senses for a balanced market, meaning the homebuyers and sellers will experience a more normalized market for possibly the next two years.

Beyond the Hot Real Estate Market Periods in Vancouver

There are several factors at play that could affect the state of Vancouver’s housing market and potentially turn one of the country’s overall hottest markets into a slightly less competitive market.

Foreign Buyers Tax

One of the commonly reported contributors to the increased housing prices in Vancouver’s market is foreign buyers. As a result, British Columbia introduced a foreign buyers’ tax in 2016 that was designed to make the purchase of property by non-residents or citizens more cost-prohibitive. This tax structure imposed a 15 percent tax on foreign property buyers for housing throughout Metro Vancouver.

While there is some criticism around this tax, British Columbia isn’t the first market to implement this taxation structure. According to a news article by Jeremy Hainsworth for Vancouver Is Awesome, Hong Kong, Australia, Singapore and Israel have all introduced a form of this taxation to maintain a higher affordability rate for residents and citizens in comparison to the affordability for foreign nationals looking to purchase property.

Where Interest Rates Are Going in 2020

Canadian Mortgage Trends predicts that, in 2020, the Bank of Canada is expected to cut their mortgage rates in 2020. This follows suit with 40 banks around the world that had cut their rates in the year 2019 in response to a slower market during that same year. To be specific in their predictions, the article suggests a 30 percent chance of a rate cut by the Bank of Canada by July of this year.

Stress Tests in Vancouver’s Housing Market

In order to be approved for a mortgage for a home in Vancouver, most homebuyers are subject to a stress test. A stress test is part of a mortgage qualifier test that evaluates what mortgage amount a homebuyer is eligible for.

Essentially, a stress test is a homebuyer’s opportunity to prove that they can afford to pay the mortgage payments with the expected interest rate for the foreseeable future. A stress test is conducted by any bank lender but is not typically carried out by private lenders and credit unions.

In order to pass the mortgage stress test and secure the mortgage that you’re looking for, a prospective home buyer will need to qualify at either the contracted mortgage interest rate plus 2 percent or the Bank of Canada’s five-year benchmark rate, whichever option is higher.

Understanding a mortgage stress test is a valuable and necessary aspect of buying a home in Vancouver, hot market or not. Especially during a hot market, though, it’s important to be realistic about your ability to pay off the mortgage you are seeking.

Buying a Vancouver Residential Property in 2020

A PwC report suggests that, in conjunction with Vancouver’s mellowing economy, the market will begin to level out. Further, an increase in supply and the number of policies that are designed to reduce the volatility of the housing market will further strengthen the balance in the housing market, PwC predicts.

More Insights Into Vancouver’s Housing Market

Vancouver is the ideal place to live for many Canadians; the urban amenities, strong job market and diversity offer a lot of benefits for many residents, with the added bonus of having quick access to ample recreation. But with all these perks come the highly competitive and dynamic real estate market in the Great Vancouver area.

Stay on top of the city’s real estate market by visiting the REMAX Canada blog here.

The post When Is The Real Estate Market The Hottest In Vancouver? appeared first on Guide You Home.



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Kayley Jackson

Un «charmant cottage» pour PKP - Le Journal de Montréal

Un «charmant cottage» pour PKP  Le Journal de Montréal

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La colocation de Yann à Perpignan : un loyer de 1200 € tous les mois.

Membre de la formation Je réussis mon premier investissement locatif, Yann possède un appartement à Perpignan qu’il loue en colocation à trois étudiants. Son opération est intéressante car Yann a négocié autour de son bien à tous les niveaux, ce qui lui permet d’avoisiner les 10% de rentabilité. Son investissement lui rapporte 1200 € de loyer tous les mois.  La colocation ...

L’article La colocation de Yann à Perpignan : un loyer de 1200 € tous les mois. est apparu en premier sur Esprit Riche.



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Michael Ferrari

Quelles seront les grandes tendances immobilières en 2020? - Le Devoir

Quelles seront les grandes tendances immobilières en 2020?  Le Devoir

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dimanche 26 janvier 2020

Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Métier de l'immobilier: cuisiniste, l'art de concevoir la cuisine parfaite - Le Journal de Montréal

Métier de l'immobilier: cuisiniste, l'art de concevoir la cuisine parfaite  Le Journal de Montréal

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Top 10 des emplois les plus consultés! - Droit-Inc.com

Top 10 des emplois les plus consultés!    Droit-Inc.com https://ift.tt/eA8V8J from "Immobilier Montréal" - Google Actualités ht...