Wednesday, November 13, 2019 / by Zifan Gao
Do you consider your potential new neighbours when purchasing a property? Homebuyers tend to forget that when you buy a new property, you are also buying into a relationship with your neighbours that could be decades and decades-long. You want to factor that relationship into your purchasing decision and at least do some rudimentary research on any ongoing disputes between the current property owners and others. You also want to make sure that you don't end up being the 'nasty neighbour' yourself by making significant changes to your property without community approval.
Here’s Boiron Group's 2019 field guide to common neighbour nastiness:
1. 'Tree' Jerk Reactions:
According to professional mediator Jeanette Bicknell of Bicknell Mediation, more than half of the neighbour conflicts that she sees are tree-related. The desire to protect trees from being cut down or trimmed "makes people crazy" and sparks outrage in generally congenial neighbours.
2. A history of being difficu; ...
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real estate tips, market updates, toronto real estate, gta real estate, real estate market insight, real estate market trends, bnn bloomberg
Wednesday, November 13, 2019 / by Zifan Gao
Investing in a rental property often means doing a great deal of research and one very important aspect of the process is understanding how property is going to generate cash flow from rental operations. You can perform a simple cash flow calculation to illustrate the potential of rental Real Estate as an investment.
Here’s how it works: using a residential fourplex as an example, let’s assume that all four units are expected to be rented. Let’s also assume that the buyer did their research and the property was a decent deal - not exactly a steal but they also didn’t overpay.
Let’s start with the basic property and deal information:
Purchase price: $325,000
20% down payment: $65,000
Financed balance: $260,000.
Mortgage: 25 years at a 5-year fixed rate of 3.34 percent
Combined principal and interest payments: $1,276/month
Taxes and insurance (at the time of the purchase): $3600 a year
Total payment (mortgage payments ...
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real estate tips, market updates, gta real estate, real estate market insight, meetup
Friday, October 25, 2019 / by Zifan Gao
It's time to pack up the pumpkins and bring out the winter coats — November's here!
With the weather getting colder, moving houses might be the last thing on your mind but hear me out! There are clear advantages to purchasing a home when fewer people are looking. Turn to page 2 to find out why you might want to take advantage of the Real Estate low(er) season.
Know someone who is wanting to sell or buy a house? Then don't miss out on the chance to help both them and SickKids! A portion of the commission of every referral is donated to SickKids to help kids like Evelyn. You can read her inspiring story on page 3.
Don't let the chilly weather keep you home! Join us on November 25 at Black Lab Brewing — the food is on us! Grab a beer, make great connections or reconnect with old ones. Head to our Facebook page to RSVP.
Regards,
Claude Boiron
Broker
5 Reasons to Buy a House in the Winter
Have you ever wondered what is the best season to buy a house? Everyone k ...
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newsletter, gta real estate, toronto real estate, sickkids
Monday, October 21, 2019 / by Zifan Gao
TREB has released its September Market Watch Report showing yet another month of double-digit growth in residential sales. This is the sixth consecutive month seeing this kind of growth since last April and the market shows no signs of slowing down. The rental market, however, seems to be balancing out, as listings surpass transactions, according to the third-quarter TREB report.
Interpreted intelligently, these statistics could provide invaluable insights for home buyers, sellers, tenants, and landlords alike. From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, these insights can guide consumers to act from an educated position.
Drawing on more than 50 years of expertise in real estate, Boiron Group summarized the TREB reports into a bite-sized digest so you can be better informed of today’s market in no time.
READ: Top 3 Renovations To Boost Your Property&rsq ...
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market updates, newsletter, real estate market insight, real estate market trends, toronto real estate, gta real estate
Tuesday, August 13, 2019 / by Sally Niu
This is a hot summer for the GTA Real Estate Market. In the recently released Market Watch Report, the Toronto Real Estate Reported its fourth double-digit growth in home sales since April 2019.
Interpreted intelligently, these statistics could provide invaluable insights for home buyers, sellers, tenants, and landlords alike. From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, these insights can guide consumers to act from an educated position.
Drawing on more than 50 years of expertise in real estate, Boiron Group summarized the TREB reports into a bite-sized digest so you can be better informed of today’s market in no time.
Home Sales Increased by 24.3% Year-over-Year
Apparently, GTA homebuyers have not been deterred by the July heat. The Toronto Real Estate Board reported 8,595 residential sales in the month of July 2019, a 24.3% year-over-year increase compared to Jul. ...
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real estate tips, market updates, toronto real estate, gta real estate, real estate market insight, real estate market trends