We’ve been on a bit of a roller coaster ride in Ottawa real estate over the past 4 years, primarily driven by interest rate policy. Everyone wonders when the market will get back to “normal”. The question for this video, (pertinent in July, 2024)… ARE WE THERE YET?
“Cash for keys” agreements between Ontario tenants and landlords have been receiving a lot of media attention lately. Here’s a link to a CBC article that includes video clips from a segment that ran on The National a few weeks ago, as an example: CBC on Cash for Keys. CBC’s coverage includes everything you need to understand these agreements, why …
1. They Don’t Understand Leverage Some of your friends aren’t investment-minded. They may be risk-averse or they espouse an experience-focused lifestyle and spend all their money “enjoying life”. But you also have friends who are focused on building wealth who insist that real estate is not a good investment. Some of these folks take risks that promise huge returns, like …
Ever wonder whether neighbourhood A is more or less expensive than neighbourhood B? Or how about which areas are trending downward or upward? This ranking of Ottawa & Eastern Ontario communities is a great place to start, and I think it’s the only place you’ll find a simple leaderboard-style ranking with multi-year price ranking trends at a glance. In the …
Examining the Bank of Canada’s Interest Rate Policy on Real Estate We all know that lower interest rates can contribute to increased demand in the housing market. In this article I’ll look at how the Bank of Canada inflated house prices during the pandemic, from March 2020 through March 2022. When governments announced shutdown measures to start dealing with the …
Should blind bidding be banned? The Liberal Party of Canada seems to think so. Justin Trudeau created quite a stir when he announced the party’s plan to ban “blind bidding” in real estate transactions at a campaign stop recently. When I heard the news, I thought it likely an exaggeration or other form of “fake news” because real estate transaction …
Ottawa Real Estate Market Starts to Turn The Ottawa real estate market always cycles and while COVID disrupted the seasonal cycle quite dramatically, the fundamental forces driving the intense seller’s market are now officially on a three-month trend in the opposite direction. In this article we will look at the key statistics illustrating the beginning of the next phase in …
With escalating property prices across Canada (and the USA!), rental income often won’t generate positive cash flow these days. Some “gurus” suggest buying REITs as an alternative to purchasing income properties directly. Are REITs a valid option in the real estate investing game? I explore that question in this video.