Found 9 blog entries tagged as buying.

When it comes to finding a place to live, you have the option to rent or buy a property. Both choices have their advantages and considerations, and it's important to carefully evaluate your circumstances and preferences before making a decision. In this article, we will explore the pros and cons of renting and buying to help you make an informed choice.

The Pros and Cons of Renting

Pros of Renting

Flexibility: Renting provides flexibility, allowing you to easily relocate or change your living arrangements without the commitment of owning a property.

Lower Initial Costs: Renting typically requires lower upfront costs, as you don't have to make a down payment or cover expenses such as property taxes or maintenance.

Reduced…

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Buying or selling a property can be a complex and time-consuming process. Whether you're a first-time buyer or an experienced investor, enlisting the services of a professional real estate agent can greatly benefit you. In this article, we will explore the important role of a real estate agent and why their expertise is invaluable in the real estate market.

The Expertise of a Real Estate Agent

A real estate agent is a licensed professional who represents buyers, sellers, or both in real estate transactions. They possess in-depth knowledge of the local market and have the expertise to navigate the complexities of buying or selling a property.

Comprehensive Market Knowledge

One of the key advantages of working with a real estate agent is…

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reasons houses don't sell

Most home sellers have two main objectives: to sell quickly and for the highest price. The beauty of owning real estate (whether it’s a principal residence or an investment property) is that historically, it has yielded solid returns to Canadians who are in it for the long haul. Indeed, equity gains in Canadian real estate have been notable in some particularly hot markets, with the proceeds used to fund everything from the purchase of a bigger and better home, to retirement, travel, an investment strategy, or life’s next big milestone – whatever that may be.

A number of major cities across Canada have experienced tight market conditions over the last few years, but a slew of interest rate increases in 2022 have eased…

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In today’s real estate market, ensuring you have the right team of professionals supporting you on your buying or selling journey is essential to your success. This includes when navigating the complex waters of commercial real estate.

Who are commercial REALTORS®?

Commercial REALTORS® are critical players in the purchase and sale of commercial buildings or land. When you’re looking for someone to help you on your search, keep an eye out for the Canadian Commercial Network logo. This signifies the REALTOR® meets national criteria to be recognized as a commercial REALTOR®. Your commercial REALTOR® may also have one or more of these designations: 

  • AACI – Accredited Appraiser Canadian Institute
  • ALC – Accredited Land Consultant
  • …

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Building vs. Buying a Home

In today’s market, you might be considering building vs. buying a home. This is certainly a viable option, but it has its advantages and drawbacks, just as buying a resale home does. There are many factors to consider, such as time-frame, location and design of the house. Let’s take a closer look at the difference between building and buying a home, so that you can make an informed decision.

Benefits of Building vs. Buying a Home

Customization of your home – This is a huge advantage of building a house. When you build a home from scratch, you have control of its various elements rather inheriting someone else’s preferences, from layout to materials right down to little things like what covers go on your light switches.

…

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Hire a Real Estate Agent

It’s no secret that buying or selling a home can be one of life’s most stressful endeavors. With so many unknowns and variables at play, limiting stress during this event can help make the process more enjoyable; one of the simplest ways to help reduce the stress and anxiety attached to purchasing a home is to hire a real estate agent.

The Role of a Real Estate Agent

A real estate agent acts as the intermediary between buyers and sellers. The agent will connect the two and handle all legal negotiations to ensure the deal takes place without a hitch. A real estate agent helps clients sell, buy or rent their property. They also may guide the client when it comes to navigating the market, take them on showings, and assist…

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If you’re a small or medium size business owner, you’ve probably asked yourself more than once whether it makes more sense to buy than lease. The answer is, it depends.

To help you decide what course of action is best for your company, consider the following:

Benefits of Buying

As a business, when you buy a property, there are several financial benefits:

  • Monthly costs remain relatively steady since your mortgage payments are fixed
  • Mortgage interest payments are tax deductible
  • Like other capital expenses, you can ease your tax burden by depreciating the building
  • You may be able to free up working capital if buying results in lower overall monthly costs
  • If you have surplus space, you can use the additional rent revenue…

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The poet Robert Frost once famously said, “Good fences make good neighbors,” but this only holds true if that fence is in the right place. Most homeowners don’t actually know where their property begins and ends, says Chris Kamarianakis, CEO of ProtectYourBoundaries.ca. 

Most buyers do their due diligence by hiring a building inspector and getting a notary or lawyer to do a title search. But Kamarianakis says it’s also important to get accurate dimensions of the property you’re about to purchase so that you’re aware of the rights and limitations associated with your land.

Here’s what you need to understand about property lines and boundary rights.

Location, location, location: it goes beyond the street address

While it’s smart to…

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After more than 18 months of working from home, the Canadian workforce is expected to return to offices across the country in some capacity in the near future. This includes new or growing businesses looking to set down roots in a physical workspace for meetings and day-to-day operations.

While there’s been a lot of uncertainty around making long-term office plans during the pandemic, companies are now starting to make decisions about the type of space they need.

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