Easements Explained: Navigating Real Estate Restrictions
WEBJan 13, 2024 · An easement grants someone else legal access or use of part of your property for a specific purpose. Here’s how it limits your usage: Structure Alterations: Erecting fences or buildings that obstruct the easement area is prohibited. This ensures that the easement holder’s right of passage or use is not hindered.
Canadian average home prices by city compared - Canadian Real …
WEBNov 3, 2021 · In Alberta, the average home price in September 2021 was $401,705. The average income in Alberta is around $61,800, meaning the average home price is about 6.5x the average income. Alberta is known for being an agricultural and industrial powerhouse, with some of the highest household incomes in Canada.
Understanding Requisition Dates in Real Estate Transactions
WEBJan 30, 2024 · A Requisition Date in real estate is the deadline by which all necessary title and off-title searches must be completed. It marks a specific point in property transactions when issues related to the title of the property need to be identified and addressed. The clarity and certainty of the property’s legal ownership, free from liens ...
Landlord Wants to Sell House: Tenant Rights & Next Steps
WEBNov 27, 2023 · Landlord Wants to Sell House: Tenant Rights & Next Steps. Alice Yang. November 27, 2023. 1:00 pm. As a landlord, deciding to sell your rental property can be a strategic move to maximise your investment, but it’s not without its complexities. You’re not just selling a property; you’re navigating a space shared with your tenant, whose ...
Interest Rate Forecast for The Next 10 Years - Canadian Real Estate ...
WEBOct 5, 2022 · Experts predict a cautious approach from the Bank of Canada, with interest rates expected to initially hold steady in the range of 5.25% to 5.50%. This stabilisation aims to support economic growth while keeping inflation in check. But, as inflationary pressures subside, a strategic shift toward rate cuts is anticipated.
Ontario Quarterly Market Update: Q2 2024 - Canadian Real Estate …
WEBAug 9, 2024 · Ontario Quarterly Market Update: Q2 2024. The Ontario real estate market in Q2 2024 showed signs of a slowdown, with decreases in sales and prices and increases in new and active listings. Furthermore, there was a decline in construction activity. Economic indicators also show a rising unemployment rate.
Buying vacant land in Ontario: What you need to know
WEBAug 3, 2022 · Vacant land is generally seen as a less secure loan for lenders due to the lack of any extensive structures that hold value and the fact that borrowers of vacant land aren’t at risk of losing their homes in the event of a default. As a result, a vacant land loan will usually require a higher down payment of 30% to 50%.
Most Profitable Real Estate Investments in Canada: Sectors and …
WEBJun 19, 2023 · Two primary rental real estate strategies include long-term rentals and short-term rentals. Long-term rentals offer stability, consistent, positive cash flow properties, and potential appreciation over time. They require finding reliable tenants, managing leases, and maintaining the property for long-term occupancy.
Scaling Your Real Estate Portfolio: Lessons Learned from Managing ...
WEBSep 9, 2024 · Optimizing Cash Flow. Keeping a positive cash flow is important when managing multiple properties. Optimizing cash flow by ensuring rent payments are consistent and carefully monitoring expenses will help. Review your expenses regularly, look for ways to reduce costs, and ensure your rental income covers all …
Can you claim property taxes on your tax return in Canada?
WEBAug 25, 2022 · In order to determine how much you can claim, you need to simply divide the total price of property tax by the period of time your home was rented. For example, if you rented the whole year, you can claim all your property taxes, if you only rented for half the year, you could claim half. The same may be true for renting a portion of your home ...