Category Archives: Investing

Getting the Best Return on Investment

The results are in from the Royal LePage survey and it provides useful insights into the expected return on investment for various home renovation projects. Interested in learning more? Visit this link: Kitchen renovation has greatest potential to boost a property’s sale price

Posted in Buying and Selling, Home Renovation, Investing

Legalization of Cannabis and Its Possible Impact on Real Estate

As we approach the legalization of home cannabis cultivation and recreational use, there are many questions around the impact that it may have on the real estate market. Concerns revolve around the influence it could potentially have on property values. Most mortgage companies were unwilling to insure homes that were formerly used as cannabis grow operations. …

Posted in Buying and Selling, Home Maintenance, Income Properties, Investing

New Minimum Down Payment Rules Effective February 15, 2016

This past December, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance. Effective February 15th, the minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000. The minimum down payment will remain at 5% for homes with a purchase …

Posted in Buying and Selling, Home Finance, Investing

Putting Your Profits to Work…

The government has passed the contribution limit for (TFSA) Tax Free Savings Accounts into law! Starting in 2015 and during subsequent years, you can invest up to $10,000 annually. If you’re thinking about ways to invest your profits from a home sale, then this increase could become a part of your strategy. The Canadian government proposed raising the annual contribution …

Posted in Buying and Selling, Investing