Real Estate

Six steps not to miss when buying an investment property

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Posted by Oliver Limcangco - Canadian Real Estate Magazine

on Thursday, 26 February 2015 15:08

Investment propertyReal estate investor Oliver Limcangco is finally living the dream after achieving financial freedom through his property portfolio. In a regular posting, the 31-year old shares his insights into how he acquired 26 doors and manages it all while travelling abroad.
You’ve read the books. You’ve gone to the seminars. You’ve talked to all your family and friends about it. You have your Realtor, lawyer, accountant, handyman, and property manager ready, and you’ve prepped them well. 

Now you’re ready and raring to go – you’re going to buy your FIRST investment property. But before you pull the trigger, make sure you understand the following, and implement them in your project plan to ensure your purchase’s timely and successful completion.

  1. Financing pre-approval. First things first: you can’t buy a property if the bank won’t lend you money. Without financing, there’s no point in making that first phone call or viewing that first property. You will waste your time, but more importantly, you will waste your team’s time. Since most of your team works on commission, hitting this roadblock three weeks into the property search will equate to their wasted time after they’ve invested all those hours with you. Guess what happens to your phone call the next time you try to reach out to them.

....read 2 thru 6 HERE


Real Estate

The Canadian Housing Bubble in Six Charts

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Posted by Financial Sense

on Saturday, 14 February 2015 07:18

1) Canada’s housing market is 63% overvalued relative to its historical average…


....go HERE for all 6 Charts (larger versions)


Real Estate

Canadian Housing Prices Take a Breather

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Posted by Brian Ripey's Canadian Housing Price Charts

on Wednesday, 11 February 2015 12:58

The chart shows 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. *Ottawa data are combined residential (Not SFD); *Montreal data are median SFD (not average) and usually not reported until 2nd week of the month.

In January 2015 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. 

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.

Larger Chart 




Real Estate

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



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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