Blog

Student Rental Tips

Student Rental Tips The student market can be a lucrative business but landlords need to do their homework when selecting tenants as Tim Collins from Student Rental Investing explains. When renting to a ‘typical’ tenant, the normal checks that I undertook were references, job credentials and a credit check. I could then take all that information and make an educated decision on whether to rent out to that particular individual. I'm also a big believer in trusting your gut so if your intuition is screaming something’s not right, well then it's probably worth listening to. When it comes to students, things can be a bit trickier. Credit checks are irrelevant as students often have not had time to build credit check. As such, it may be necessary to do a credit check on the guarantor. By having a fabulous advertisement with great pictures and offering utilities for a nice affordable monthly price, you're likely to attract more than just students. It's not good practise to mix students with…

10 Steps: How to Make a Successful Relocation Move

10 Steps: How to Make a Successful Relocation Move

Interest rates to remain low

Interest rates to remain low Interest rates to remain low and on hold for longer Thursday, October 23, 2014 - 15:00 The Bank of Canada announced on October 22nd, 2014 that it was holding its trend-setting overnight lending rate at 1 per cent. Its most recent rate announcement and Monetary Policy Report suggest a number of reasons why interest rates aren’t going up anytime soon: 1) Recovery in exports not ready to stand on own legs. Recent growth in the U.S. has led to a weaker Canada–U.S. currency exchange rate. That is good news for Canadian exports to the U.S. , our largest trading partner. The Bank still expects that the engine for Canadian economic growth will switch from consumer spending to exports. A hike in its trend-setting interest rate would put that in jeopardy, so making that switch depends in part on the Canadian dollar remaining at its weakened level. 2) Business investment remains weak. Stronger investment is the other engine for Canadian economic growth that the Bank expects to take over from…

LaSalle, Ontario

LaSalle, Ontario Lasalle is a great community that is sought after by many home buyer's. Population is approxmately 30,000. We typically see many people moving up but staying within this area which borders Windsor and Amherstburg. Lasalle offers a great trail system for bicycler's or for those which like to walk. There is an abundance of wildlife to see when using the wooded trail system. I regularly see several Deer each time I visit this area on my mountain bike. Secondary schools inlude Sanwich Secondary and St. Thomas of Villanova Catholic Secondary school. Elementary schools include Lasalle Public, Holy Cross Catholic, École Monseigneur Augustin Caron, St. Joseph Catholic Elementary School and Sacred Heart. Lasalle offers plenty of amenities including local shopping at Zehrs, Freshco, fruit stands in the summer, several small boutique shops, health clubs, The Vollmer Complex, Essex Golf and Country Club and Ambassador golf. If you are considering a move to Lasalle we currently have resale…

Windsor, Ontario

Windsor, Ontario Windsor is a great place to live.  I was born in Windsor and grew up in  Harrow Ontario which is about 30 km south of Windsor.  I have been living in South Windsor since 2003 this is a great community close to all of the conveniences. Windsor is Canada's southernmost city and we are known as "The City of Roses".  We are directly across from Detroit Michigan, separated by the Detroit river.  Living in Windsor offers a host of activities to attend being so close to the border and all that Detroit has to offer above and beyond what you may see in Windsor itself.  Tiger's games, Lion's games, Red Wings games and plays are just a few of the things we can readily enjoy across the border. In Windsor we have WFCU where you can catch a spitfire's game, concerts, cirque du Soleil and many more acts.  We have miles of bike trails, walking trails, parks, Adventure Bay which is our new water park and also has major swim events due to our state of the art pool.  We…

Closing Costs

Closing Costs Closing costs are part of every home purchase and sale. Here are costs you may encounter when buying and some instances selling a home. Closing costs should not come as a surprise to you when you are purchasing your home, have your REALTOR® explain which closing costs might apply to your real estate transaction. CMHC (Canada Mortgage and Housing Corporation) recommends having 1.5% - 4% of the purchase price of the home ready for closing costs. Land Transfer Tax If you are buying a home in Ontario land transfer tax is applicable. This tax is calculated on the price of the home. If you are a first time home buyer you should qualify for a rebate of this tax up to $2000. According to my calculations this means you can purchase up to $227,500.00 before you have to start paying this tax as a first time buyer. http://brianwright.ca/land-transfer-tax-calculator/ Home Inspections In some cases you may opt to have a home inspection performed on your home. This is normally at the cost to the Buyer…

Loading...