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Why Foreign Real Estate is a Grand Slam

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Posted by Nick Giambruno

on Wednesday, 04 February 2015 09:18

Screen Shot 2015-02-04 at 7.48.27 AMA grand slam in baseball, as many of you know, is a home run that is hit when the bases are loaded, in turn scoring four runs. It is the most potent move possible in a single play.

In a similar sense, obtaining real estate in a foreign country is an international diversification grand slam – it can accomplish four key goals all at once:

1. Move Savings/Wealth Abroad

Owning foreign real estate moves your savings and wealth offshore and therefore outside of the immediate reach of your home government. Unlike an intangible financial account, it is highly unlikely for your foreign real estate to be seized at the drop of a hat by your home country, without a literal act of war.

2. Create Other Internationalization Options



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Real Estate

The 7 core traits of successful investors

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Posted by Dustin Graham - Canadian Real Estate Wealth

on Thursday, 29 January 2015 08:09

Successful peopleOur personality and behavioural traits impact every aspect of our personal and business lives. For new investors, these traits can help predict future successes. Although our behaviour can be modified over time, our personality is relatively stable over the course of our lives from the age of 18, so changing our behaviour can often be a difficult task and requires determination.

From my own experience, here are some core traits every new investor should have or should work on developing:

1. Determination.

To be successful in any business, you must show a certain level of determination, and you must persevere during hardship and relish in success. Determination is not about bullying others to get what you want; it’s about knowing what to do, doing it well and setting out to reach your goals.

2. Results oriented.

People often think that determination leads to results, but that’s not always the case. How many times have you set out a



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Real Estate

CDN Real Estate: Detached Housing Prices in 6 Big Cities

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Posted by Brian Ripey's Canadian Housing Price Charts

on Friday, 16 January 2015 10:43

685792

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The chart above shows the average detached housing prices in December for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal* as well as the average of Vancouver, Calgary and Toronto condo (apartment) prices (Left Axis). On the right axis is the MLS Annual Total Residential Sales across Canada; the most recent data point being a projection to year end.

In December 2014 the big city metros took a break under their respective highs in a year that saw the total MLS sales across Canada hit the biggest single sales year since the 2008 plunge into the March 2009 pit of gloom. 

2014 has been a banner year for commissioned sales.

Can the "posted retail" 5 year fixed rate mortgage low of 4.79% (+/-3% on the street) drive the hunger games into overtime in 2015?

Or is the continuing commodity crash signalling an upcoming major correction for Canadian housing? 



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Real Estate

The Trend Away From Houses

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Posted by Olivia D'Orazio - Canadian Real Estate Wealth

on Tuesday, 06 January 2015 14:31

Screen Shot 2015-01-06 at 1.08.30 PMCondos in 2015 Are Going Up Up Up

To make a prediction for Canada’s crazy housing market would be, well, crazy, but like RE/MAX Condos Plus, some agents believe it’s safe to say high-rise living will continue to post strong gains in major markets – especially for larger family-friendly units.
 
“I think this will be another solid year for [condos],” says Matt Elkind, an agent with The Condo Store in Toronto. “The demand is going to continue. That trend away from houses, just with the prices of housing going up dramatically, more people are happy being downtown and living the condo lifestyle.”
 
RE/MAX Condos Plus said it expects demand for larger units – particularly those with two bedrooms or more – to increase, especially for two of Canada’s most active demographics moving up and down the property ladder.
 
“It’s two things really,” says Armand Gilks, a sales rep with Bosley Real Estate in Toronto. “One is people downsizing, and the other is people currently in condos and, as their need for more space as their families grow, many are opting for larger condos rather than low-rise housing.”
 
Immigration is also expected to boost condo demand in 2015. The RE/MAX report suggests Toronto requires more than 35,000 units annually to keep up with in-migration – meaning the 20,000 units currently being completed will lead to a shortage.
 
“I do see demand for larger units growing,” Gilks says, “and this is especially as the condo market matures.”

More: 

Is it too late to get into Hamilton’s hot housing market?

Investor returns will be down in 2015

 

 



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Real Estate

Edmonton Detached Housing Prices Hit Historical High

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Posted by Brian Ripley's Canadian Housing Price Charts

on Thursday, 11 December 2014 01:36

housing

In November 2014 Edmonton single family detached average prices (green plot line) hit a new historical high while the rest of the big city metros took a break under their respective highs in a year that is seeing the total MLS sales across Canada project the biggest single sales year since the 2008-2009 plunge.

It remains interesting to note that the combined average price of a Vancouver, Calgary & Toronto condo is currently 26% more expensive than a median priced Montreal SFD and note also that in the spring of 2006, those 3-City average condos zoomed 58% in price (over $100,000) in just 3 months as the buy side of the market freaked out over the inversion of the 10yr less the 2yr spread as it went negative (Yield Curve). 

Mattress money has gushed into condos with no respect for fundamentals or plan for contingencies that may be required if Pit of Gloom II develops and one must write off capital gains and rely on employment earnings.

The average detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal* as well as the average of Vancouver, Calgary and Toronto condo (apartment) prices (Left Axis). 

On the right axis is the MLS Annual Total Residential Sales across Canada; the most recent data point being a projection to year end. 

 



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