Gerry’s Blog
If you’re thinking about buying a home, you’ve probably asked yourself, “How much can I afford?” But that’s just the tip of the iceberg. The real question of affordability isn’t just about the listing price; it’s a mix of your financial picture, from down payments and mortgage rates to property taxes and insurance. You’d also…
Are condominiums profitable for Canadian real estate investors? Absolutely. But not all markets are created equal. Here are 6 of the most profitable Canadian cities for condo investors, and why you should take a closer look if you’re in the market to invest. The data show that investors own a significant portion of Ontario’s new…
Leasing commercial real estate is a big step in the life of any business. It indicates that whatever you’ve been doing until now has been successful, and you’re ready to realize your company’s full potential. Where you decide to locate your business is important, but negotiating a lease with costs and terms that won’t impede…
Embarking on the journey of buying a foreclosed property in Canada can be a venture filled with potential rewards and inherent risks. Foreclosed properties, often referred to as real estate-owned (REO) properties, are homes that have been repossessed by lenders due to the owner’s failure to keep up with mortgage payments. Buying a foreclosed property…
Whether you’re hunting for a home base for your business or ponying up the cash for the first in what you hope will be a large stable of commercial real estate (CRE) properties, knowing the potential pitfalls before you buy will help you prepare and save money. Here are three commercial real estate surprises to…
Bank of Canada’s Interest Rate Announcement Sits Steady at 5% The Bank of Canada held its overnight rate at 5% in this morning’s interest rate announcement, which was widely expected and marks the second announcement in a row that the rate hasn’t budged, amid a slowing economy. The Bank noted lagging economic growth and inflationary…
Market observers are turning heads and raising eyebrows from a new TransUnion Canada report, revealing a substantial surge in subprime borrowing in the second quarter. The current climate of exceptionally high debt loads and deteriorating credit quality is beginning to weigh on the national economy. The term subprime elicits a fierce reaction harkening back to…
Buying or selling a home is undeniably a pivotal moment in your life, one teeming with both opportunities and challenges. Whether you’re a first-time homebuyer with past experiences primarily in renting or you’ve navigated this path before, the process can often be daunting. The decisions you make are deeply personal, affecting your well-being and future…
It is no secret that the Canadian real estate market represents a large portion of the national economy and household wealth. From 2017 to 2021, the investment in dwellings as a percentage of total gross fixed capital formation was north of 40 per cent, larger than in other G7 nations. In fact, the next closest…
When it comes to home improvement projects, one area that can significantly impact your home’s value is the bathroom. A well-designed bathroom can make a lasting impression on potential buyers and increase your home’s overall appeal and value. In fact, 61.3% of RE/MAX agents believe bathroom makeovers are the second greatest high-return investment. However, there…
Owning a home is a keystone of wealth… both financial affluence and emotional security.