Investing in Canada & US Real Estate - New Condo Pre-Construction Projects for Investment
An informational condo blog that presents new and exciting pre-sale apartment projects in Canada and the United States. If you are looking to invest in American or Canadian real estate, this resource will provide you all the info you require to make an informed purchase decision.
Tuesday, June 2, 2009
Maximize Your Positive Cashflow by Investing at Pre-Construction Hamilton Grand Hotel Condominiums for Sale - Unique Condo Hotel Investment Strategy
The Hamilton Grand Hotel Condos for Savvy Canadian Real Estate Investors
Here is the latest on the new Hamilton real estate investment opportunity at the unique hotel condo at the Hamilton Grand property under construction. Be part of a Hotel Business says their latest advertorial. Fully furnished one bedroom suites at the pre-sale Hamilton Grand Hotel condos for sale start from just $199,900, so get into an entry level Hamilton condo real estate investment for less than $200k! Suite condo owners share ALL revenue streams through this high end Hamilton Grand Hotel real estate development, which is much different from a traditional condo-hotel development where each individual owner or investor has to fend for themselves and amongst the many owners of individual suites. But not here! What’s included in this fabulous new Hamilton Grand Hotel condo opportunity for purchase? Daily hotel guests, extended stay monthly, long term leases and great venues for weddings, banquets with catering, business meetings and parking for hourly and monthly tenants. In addition, the pre-sale Hamilton condos for sale at the new Hamilton Grand Hotel real estate development will include twenty four hour room service, a lobby bar, dining room, news stand and twenty four hour coffee shop, providing excellent amenities to all tenants, visitors and business travelers. Also available at the pre-construction Hamilton condominiums at the Hamilton Grand Hotel condos for sale right now include spa and guest services, in room movies, phone, high speed internet and lobby retail for a five star experience. Maximize Your Cash Flow – How Does it Work at the Pre-Construction Hamilton Condos at the Hamilton Grand Hotel?
The pre-sale Hamilton Grand Hotel is truly real estate investor friendly. The legal structure is simple: each Hamilton condo real estate investor has clear title to an individual pre-construction Hamilton condominium and the revenue split is unusually fair (90% to the Hamilton condo suite owners which is divided equally amongst all property owners). The Hamilton Grand Hotel condo units are not merely hotel rooms; they are all one bedroom apartments, with a kitchen, laundry, bedroom, living/dining room and a workstation/desk. The price for the pre-construction Hamilton condos at this Grand Hotel condominium includes a complete furnishing and décor package (plus linens, towels, china, and all amenities one would expect in a luxury five star hotel). In addition, Hamilton condo investors own more than just a suite. Investors in the Hamilton Grand Hotel condos also proportionately own the banquet and meeting rooms, dining room, lobby bar, café, retail and spa facility as well. Through a custom designed property management program, all the revenue streams and operational costs are pooled, with the surplus distributed equally amongst the Hamilton condo owners. In most other ‘condo-hotels’ in Canada, the condo and the hotel are actually separate; at the pre-construction Hamilton condo Grand Hotel, on the other hand, the condo IS the hotel, and the pre-sale Hamilton condo owners ARE the hotel owners as well. Think of it as a hotel with 190 owners. Because revenues and costs are pooled, a Hamilton real estate investor need not worry about anyone receiving preferential treatment. It does not matter how often a Hamilton Grand Hotel condo suite is actually occupied, the owner receives an equal share of the revenue. All pre-construction Hamilton condo suites at this property development are constantly maintained (and repaired immediately) by the hotel itself.What’s In It for Hamilton Real Estate Investors for these Presale Hamilton Condos?
For a Hamilton real estate investors, the higher the cash flow, the better. Not only does higher cash flow offset expenses, but higher cash flow translates into higher property values here at the Hamilton Grand Hotel condominiums for sale. That’s why hotels are so appealing to large sophisticated investors in real estate, corporations and institutions. Let’s consider an example: if a condo suite is used as rental apartment, it might generate $800/month; however, if used as a hotel, the same property could generate $150/night (or 500% more in investment returns). Even factoring in vacancy allowances and costs (which would apply to both scenarios in Hamilton condo investments), hotels generate far higher revenues ‘per key’ while using much smaller spaces. On a ‘dollar per square foot’ basis, there is just no comparison between a regular pre-construction Hamilton condo investment versus the Hamilton Grand Hotel condo option. A hotel will also generate additional revenues from many sources, such as the banquet hall, dining, bars, a café, lobby retail sales, room service, long distances, movies and much more. In aggregate, the revenue per suite in the Hamilton Grand Hotel Condos usually averages several thousand dollars per suite per month. Unfortunately, however, for an individual Hamilton condo real estate investor, owning and operating a hotel is not a practical option. Now, the pre-sale Hamilton Grand Condo Hotel makes hotel type income possible for the individual Canadian real estate investor, and at an affordable price too. In 90 days, over sixty per cent of all the suites at the pre-construction Hamilton Grand Condo Hotel have sold!
In an era of uncertainty, Canadian real estate investors appreciate ‘bricks and mortar’. One does not have to be an economist to appreciate the food and shelter are not temporary fads, and that an architecturally grand building, in a highly visible, city centre Hamilton real estate location (only one block from a commuter train station) will always have value. And compared to the ‘financial products’ offered on Bay Street and Wall Street, the Hamilton hotel business is timelesss and understandable. Not only is the pre-sale Hamilton condos at the Hamilton Grand Condo Hotel for sale a property investment that you can be proud of owning, but the experience is stress-free, with professional management on site ‘24/7’ and a monthly statement provided with cheque attached for your positive cash flow property. Meanwhile, you can sit at the lobby bar in your hotel… and watch the guests check-in. For further information regarding the Hamilton Grand Hotel Condo real estate purchase and investment opportunity in the best Hamilton real estate project, please feel free to visit the comprehensive website at www.hamiltongrand.ca. Special bonus for early condo buyers at the Hamilton Grand Hotel property is that five years of property taxes will be refunded. Visit www.hamiltongrand.ca or call 289.389.1022 for additional details about this ground level new Hamilton real estate investment opportunity that is brought to you by established and experienced developers.
Labels: Hamilton Grand Condo Hotel, Hamilton Real Estate Investment, Investing in Condo Hotels, Maximize Positive Cashflow, Property Investing in Canada, Return on Investment
Introducing CANREIG - The Canadian Real Estate Investment Group - Learn About Canadian Property Investing, Stats, Resources, Become Millionaires
Introducing CANREIG – The Canadian Real Estate Investment Group – What Financial Crisis?
While the rest of the country is hibernating, waiting for the ‘Crisis” to be over, CANREIG’s members of professional real estate investors and owners are flourishing making millions in today’s economy. The Canadian Real Estate Investment Group (CANREIG) was founded by Dave Ravindra, who saw the need to bring viable Canada real estate investing information to Canadian property investors, has been creating millionaires for over ten years now. CANREIG’s mission statement is ‘To create more millionaires in Canada via property real estate investing than any other company’ is no small feat by the Canadian Real Estate Investment Group. By educating their members on how to make wise, creative and sound property investments, Canadian Real Estate Investment Group’s techniques have proven successful time and time again. Starting from small modest roots of one office in Ontario, CANREIG has grown into an international company. With offices in Vancouver, Edmonton, Calgary, Ottawa, Montreal, Toronto, Florida and Brazil, CANREIG Canadian Real Estate Investment Group offers its members multi-faceted resources that enable them to make smart investment decision in Canadian and international real estate. Whether Canadian real estate investing is new or familiar, CANREIG has something to offer everyone with an interest in real estate investing. CANREIG’s seminars and workships offer deep and practical insight on Canada real estate investing. From Successful Real Estate Investing 101 to more advance courses such as Lease Options and Creative Financing, Canadian Real Estate Investment Group prides themselves on the realistic application of various techniques for maximum returns in Canada real estate investing. Seminars and workshops are just a drop in the bucket compared to what else Canadian Real Estate Investment Group has to offer. CANREIG offers a full range of products and services, visible on their website at www.CANREIG.com. Let’s explore some of these below.
Why Choose CANREIG for your Canada real estate investing needs and questions?
If a property investor is looking for that perfect income producing property, or their immaculate dream home, CANREIG’s affiliated realtors will find the perfect property, suiting the investor’s needs in every way. By knowing exactly how to work with Canadian investors, these realtors partnered with Canadian Real Estate Investment Group have an invaluable insight leading them down the right path, not limiting the client, and opening many more doors. CANREIG’s members are some of the best in the Canadian property industry. Many of them millionaires themselves, Canadian Real Estate Investment Group mentors share their knowledge and experience to those individuals looking for ongoing support and a strong real estate investment team to lead them to financial freedom through investments in property. To take advantage of all Canadian Real Estate Investment Group has to offer, membership is the way to go. With discounts, ongoing training via webinars, access to monthly meetings across all branches (held on Wednesdays, check website for details), networking opportunities, among many, many more perks, a Canadian property investor will be well on their way to becoming a millionaire through Canadian Real Estate Investment Group or CANREIG. As an added bonus, because CANREIG Canadian Real Estate Investment Group has strong confidence that real estate investors will truly appreciate what they’ve got their hands on with CANREIG’s membership, CANREIG allows members to benefit by referring other people to Canadian Real Estate Investment Group’s Membership program as well. This is a one of a kind membership from a one of a kind company. In fact, many of CANREIG’s members didn’t realize their potential when they first signed up. In times of financial difficulty, Canadian real estate is bar none the best investment any investor can make. Now is the time to change with Canadian Real Estate Investment Group! CANREIG shows no signs of stopping or slowing their growth. With plans to expand even further, more and more millionaires are being created through the CANREIG system. CANREIG’s members are well on their way to becoming financially free. Join the elite and realize your real estate investing potential through the Canadian Real Estate Investment Group. It’s worth your while to test the different CANREIG offers.
Labels: Canada Real Estate, Canada Rental Condo Market, Canadian Real Estate Investment, CANREIG, Property Investing in Canada, Return on Investment, The Canadian Real Estate Investment Group
FREE CD: Total Real Estate Success for Time Strapped Canadian Professionals Who Want to Invest in Canada Real Estate - Now Being Offered!
FREE CD Total Real Estate Success for Time Strapped Canadian Professionals Who Want To Invest in Property
Warning! Only for doctors, lawyers and other Canadian professionals with little or no time who want to make a lot of cash with single family, residential properties and other Canadian real estate investments. For serious property investors only! Your FREE CD Total Real Estate Success for Time Strapped Professionals is packed with an avalanche of information that will take you from zero to real estate hero in just 80 minutes! And it’s FREE too! Yours for the asking but there are only a total of 200 copies of the Total Real Estate Success for Time Strapped Professionals available. And when they’re gone, they’re gone. You’ll discover some of the following in this CD Total Real Estate Success for Time Strapped Professionals: How to find the right Canadian investment property for you, how to earn an extra ten thousand dollars or more when you sell your investment home, how to tell if you’ve got the right temperament for Canadian Real Estate Success, the strategy that will eliminate any tenant problems, how much money you actually need, how to crate a down payment faster than you ever thought possible. Also available information on the CD Total Real Estate Success for Time Strapped Professionals include how to quickly plug the numbers into a real estate formula to assure your success, the most important number in your life, financially, the best way to get a mortgage, the five people who are indispensable for your success, the facts, why you shouldn’t fix mortgages, when is the best time to buy real estate and what are the three biggest mistakes you’re likely to make when you start. Other facts that are provided will answer these questions from the Total Real Estate Success for Time Strapped Professionals: how to get professionals to help you every step of the way, the right way to choose tenants so you’ll never have those renter headaches others have, the right way to set up a lease and the biggest problem every lease has in addition to the single most effective way to get your bank to work with you for your real estate investment, the single trick that will have your handyman at your beck and call, day or evening and how to get others to work to get you the best tenants anywhere. Other topics covered in the Total Real Estate Success for Time Strapped Professionals CD includes how to fix nay problem, how to get great tenants in just hours, the one line in your lease that will ensure you never have those grow-op problems, the strategy for having a stream of great renters lining up at your door, how to add an additional $150 in rent each month with a single piece of paper, the three types of property tenants you should avoid at all costs in addition to how to get the best mortgages.
Other topics and free information from the Total Real Estate Success for Time Strapped Professionals CD includes the ins and outs of creating a lease you can sleep easy with, the right way to choose tenants, how to be successful in six hours, the one thing that tenants will always want and will pay for, how to get tenants to actually take care of problems themselves and how to make your rental different and better than every other condo rental unit out there. Other information and details included for free in the Total Real Estate Success for Time Strapped Professionals include how to get great tenants, how to create a guided tour of your property investment property when you’re not even there, and finally, the big one: how you can have total real estate success and not even raise your finger to do one second’s work! Your free CD Total Real Estate Success for Time Strapped Professionals is ready to be sent out to you, but there are only 200 free copies available. Just call Steve at 1.888.2906.4929 (toll free) today! He is a Canadian real estate success story and will answer any questions you may have.
Labels: Canada Real Estate, Canadian Real Estate Investment, Free Real Estate Resources, Property Investing in Canada, Return on Investment, Total Real Estate Success for Professionals
Canada Home Buyers should focus on Real Estate Stats for their Favourite Communities and Neighbourhoods, NOT National Averages according to Century 21
Avoiding the Canadian Real Estate Statistics Trap: First Time Canada Home Buyers Advised to Focus on Stats in their Favourite Neighbourhoods
An excellent advertorial from the Canadian Real Estate Magazine published by Don L, the president of Century 21 in Canada. The recession that brought job losses and uncertainty to millions of Canadians this winter is bringing the best springtime property opportunity in years for the first time home buyers in Canada. With interest rates the lowest we’ve seen since 2005 coupled with a large supply of homes for sale in almost all communities across all Canadian real estate markets, now is a good time for Canadians who are looking to enter the housing market. However, before you lay down your money, keep in mind that you must focus on prices and features of homes in your favourite neighbourhoods first. Don’t allow national, provincial or major city house price statistics to influence your decision making, because they’re really not that relevant. The Canadian housing real estate market is made up of thousands of local markets, but the most important to you is the neighbourhood in which you wish to live. Canadian home price trends in those property markets may be quite different from the national stats. For example the Canadian Real Estate Association (CREA) issues a monthly home price survey that is authoritative and extensively covered in the media. In mid-March, CREA reported that the national Canadian average price for home sales via the MLS in February 2009 was $281,972, down 9.2% compared with February 2008. The same CREA report for Canada’s 25 major real estate markets showed that average prices in February 2009 compared with February 2008 declined in 13 property markets and increased in 12 markets with the range being a decline of 13.3% in Greater Vancouver to an increase of 27.7% in Newfoundland and Labrador.
The dramatic variance in the major Canadian real estate market statistics demonstrates how national average prices can be quite removed from local and neighbourhood markets. In addition, ‘averages’ themselves can be misleading. For example, suppose five homes in a neighbourhood recently sold for $200k, $220k, $260k, $290k and $500k, the average of these new homes is $294k. The $500k sale is obviously not a typical home in this neighbourhood and skews the average higher than it should be. If the $500k sale is omitted, the average home becomes $242k, a more accurate indicator of the value of typical homes in this neighbourhood. A similar skewing of averages occurs regularly in the statistics we see reported in the news. First time Canadian home buyers would be well advised to not dwell on home price survey averages and rather to look deeper for local and neighbourhood stats more applicable to them and their situation in their home purchase process. First time Canadian homebuyers should also unertake their own surveys, starting with an online search to gather information about the homes for sale in their favourite neighbourhoods. The CENTURY 21 Canada website at www.century21.ca gives Canadian home buyers’ easy and free access to a powerful and consumer friendly real estate search engine. In addition, work with a local realtor who can provide statistics on selling prices of homes with features you desire in your favourite neighbourhoods. The CENTURY 21 System is comprised of more than 8.400 independently owned and operated franchised broker offices in 58 countries and territories, with more than 142,000 sales representatives worldwide. Each of our CENTURY 21 System members exemplifies local Canadian real estate expertise and has the highest standard of customer care to help Canadian home buyers onto the path to their dream home. And don’t forget – CENTURY 21 Canada is the only Canadian real estate organization that can reward you with AIR MILES reward miles. Start your Canadian home search at century21.ca today.
Labels: Canada Real Estate, Canada Rental Condo Market, Century 21, Condos for Rent, Property Investing in Canada, Rental Apartments ROI
ROI Advantages of Secondary Suites or Basement Suites for Canadian Real Estate Investors - Including UniverCity SFU Burnaby Approves Lock-Off Suites
Building ROI Through Secondary Suites: From the Basement Up
Through good times and bad, through economic booms and busts, there is one form of Canadian real estate investing that truly bucks the trend in terms of providing positive cash flow and building return on investment both short and long term. Whether you call Secondary Suites in law suites, accessory apartments or granny flats or even student housing, these forms of Canadian housing form an important role in providing secondary income to property owners and investors. There are many things that need to be considered when renting out a Canadian secondary suite including whether or not city bylaws allow for them, if they meet property regulations and how to get the best rent, but in any case, building ROI through Canada secondary suites is a great way for property real estate investors to build equity and positive cash flow. According to CMHC, secondary suites, which are also known as accessory apartments and basement suites, are a common feature of older homes. In existence for many decaies already, these Canadian secondary suites apartments became illegal in some jurisdictions when zoning bylaws set stringent requirements for the type of Canadian housing that could be accommodated in low density areas. Since the 1980s, secondary suites in Canada real estate markets have been recognized by policy makers as one of the most cost effective ways providing affordable rental housing in all major cities and towns in Canada. In addition, these secondary suites, basement suites and accessory apartments also provide great homes for younger singles and couples whom the extra income from a rental unit makes housing affordable in high cost areas. This also allows the younger generation to save more money and save it quicker in order to purchase their own piece of Canadian real estate. Many municipalities across Canada real estate are reviewing their bylaws and standards governing secondary suites in Canada to access whether they can be relaxed. Some cities and towns permit Canada secondary suites as ‘of right’ in all single family homes, while others permit them only in designated zones. In even other cases, municipalities permit Canada secondary suites through site specific zoning. Secondary suites in Canada are governed by provincial or territorial building codes that deal with health, safety and fire protection. Secondary suites in Canadian real estate rental markets make up close to one fifth of rental inventory in Toronto and Vancouver. They are also an important source of rental housing in Canada in small towns and in rural areas where there is little conventional rental housing. Secondary suites in Canada real estate can reduce carrying costs to first time homebuyers by up to 25%. For more information on bylaws government Canadian secondary apartments in your specific town or city, consult your local municipality.More details about City of Vancouver laneway housing permits and applications is located here. If you are looking for more info regarding Downtown Vancouver Secondary Suites and basement suites in the sky or lock-off suites, click here.
Renting Out a Basement Suite? Here Are Some Things to Consider
If you own a home in a municipality that allows for basement suite apartment rentals, here are some things to think about before putting your secondary suite onto the rental market according to Garrett Construction. Make sure you know the local bylaws as if you’re counting on extra income and the city or town does not approve your rental unit or secondary suite rental, you may not be able to afford the home in the short or long term. In addition, there may be miscellaneous rules such as satellite dishes, additional cable or even barbecues that you may consider adding to your rental. If these allowances are not spelled out first, you could end up with strangers messing with your house without your permission. Commercial zoning is another factor when considering renting your secondary suite apartment. Is your secondary suite tenant going to try and run a business form the basement suite? This should be part of the screening process so you know their plans and the potential implications for you in your rental basement apartment. Do the math and make sure you can generate the rent you need from a basement suite apartment rental. Check out the competition in your area. Create rules for your secondary suite house which includes noise, smoking, parking, shared spaces, overnight guests and pets, so that your tenant in your basement suite understands the rules that you set. Screen prospective tenants thoroughly to make sure that they fit within your lifestyle and that you are comfortable with them staying in your own home. Get renovation estimates in case something goes wrong and something needs to be repaired in your Canada secondary suite.
How To Get the Right Basement Suite Tenant for Your Property Investment
If you’re looking for the ideal and perfect tenant for your Canadian basement suite or secondary suite, there are several things you should consider before renting it out. Firstly, flooring, furnishings and lighting are always good to update prior to taking any photos for marketing and ad placements so that your potential future tenant for your basement secondary suite gets an eye catcher where they will view your secondary condo suite. In addition, personal laundry nowadays is a must in terms of a basement suite rental in addition to a modern electric fireplace. You should also consider replacing old kitchens with new cabinetry or updated exteriors as well as when you’re renting out a secondary basement suite, you’ve got to step it up a notch and replace old bathroom vanities, install good faucets, hang a nice mirror, replace old toilets, tubs and surrounds. Also, don’t skimp on finishing and fixings in your basement secondary suite condo for rent as your potential tenant will be comparing your rental home to others in the same area that have been updated. All of these factors will increase your ROI or return on investment for your secondary suite.
Burnaby Basement Suites in the Sky
A recent article published talked about the legalization process for secondary basement suites in the sky in condo developments in the City of Burnaby in the Greater Vancouver area. It might not be everyone’s idea of a basement suite or secondary suite, or even an accessory apartment, but the City of Burnaby may just be the first municipality in the world to legalize secondary suites in highrise condo apartments. Also called ‘lock-off’ suites, these secondary suites in the sky enable condo home owners and investors to do what those of detached and semi-detached homes have been doing for years – rent out extra space that they do not need. For property investors in Burnaby real estate market, it might provide another great rental option in Vancouver and other cities where high purchase prices mean they must maximize income potential to support mortgage payments on their condo investments. And in Burnaby real estate, some observers believe it might provide a solution to the increasingly thorny issue of where to house the university students and working singles who drive the economy. The Burnaby basement suites in the sky are basically secondary condo suites in high rise tower residences. The City of Burnaby recently amended its bylaws to approve lock off suites within up to half of the rental apartments and townhomes at UniverCity, a condo community being developed on Burnaby Mountain adjacent to Simon Fraser University. The secondary lock-off condo suites at UniverCity must be at least 240 square feet, and are permitted to have their own entry from the corridor, as well as their own bathroom and cooking facilities. The secondary lock-off Burnaby suites, ranging in size from 240 to 285 square feet, are renting from $525 to $750 per month. By comparison, in Vancouver real estate market, where the city is reportedly looking into allowing such secondary suites in lock-off suites, a new or recently renovated one bedroom condo apartments rents for about $1200 per month, while basement suites fetch about $750.
Labels: Basement Suites, Canada Rental Condo Market, Lock-Off Suites, Property Investing in Canada, Rental Apartments ROI, Return on Investment, Secondary Suites
Friday, March 27, 2009
Investing in Halifax Real Estate Can Be Very Lucrative - A Stable & Diversified Economy is the Engine Behind New Pre-Sale Halifax condos and homes
Invest in Halifax Real Estate Market
Consistently ranking in the top quarter of investment potential and actual profit, the Halifax real estate investment scale is now at the forefront of any Canadian property investment company and individual. With low vacancy rates and rents that are on the rise, investing in Halifax real estate now is better than ever. With average prices still within reach for many first time investors and seasoned property purchasers, the Halifax real estate average price ranges around the $260,000 mark. In addition, right now, Halifax property is experiencing a low vacancy rate of only 2.7%. Plus, the average monthly Halifax rental for two bedrooms is a high $891/month. As you may already know, Halifax is the economic engine for all of Atlantic Canada and Money Sense magazine has rated Halifax as the second best place to live in the entire country out of 123 cities. In terms of growth potential and affordability, Halifax real estate again is at the top of the charts. With a broad based economy in offshore natural gas, information technology, military, aerospace, government and biotechnology, Halifax is also a university city with over 30,000 full time students in the city. With a burgeoning population closing in on 400,000, now is the perfect time to purchase and invest in Halifax real estate before a huge explosion in property values is expected. The land size of Halifax City real estate is approximately 5500 square kilometers, and the total number of private dwellings is 166,675. The median family income in Halifax is approximately $67k per year and the rental payment is about $712/month. Unemployment rate is at a low 6.3% right now during the economic crisis. In terms of the Halifax real estate rental market, as of October 2008, It was at a mere 2.7% down form 2.8% a year before. The average rents have increased from about $700 to $725/month and two bedrooms from $876 to $891/month according to the Canadian Real Estate Magazine. In terms of the Halifax real estate resales market, it is still holding strong with an increase in average price between 2007 and 2008 November, when most other Canadian cities were suffering huge property value losses. There are only 18 new builds as of November 2008 due to the slowing economy, and with the population increase expected in the City of Halifax, real estate investing is now even more important than ever. There are only 879 units under construction at this time.Hot Halifax Condo and Home Developments That You Should Check Out!
There are several great pre-sale and under construction Halifax real estate developments going on at this time and they offer both single family Halifax homes for sale as well as condos and apartments. First up are the single family Halifax houses that include Halifax Fall River. This Fall River Halifax Home community is only a twenty five minute drive from downtown and offers large residential home sites and lots for sale that are close to schools, amenities and the lake. The average price of an existing detached Fall River Halifax home for sale is about $308,000 in 2009, while a new construction is about $363,000 which is still attainable and affordable for most families. Renters in Fall River Halifax real estate market tend to be professionals and senior management employees in the oil and gas industry who are willing to pay a huge premium for good Halifax rental properties which is great news fo investors. Furnished, executive style properties in Fall River Halifax real estate rental properties can rent for about $3,000 to $4,000 per month! The South End Halifax rental market is what many Haligonians refer to as the area located to the south of the downtown core as scuh, and this area is home to five universities, private colleges, upscale neighbourhoods, thriving retail and commercial businesses and a breadth of rental properties. With vacancy rates below 3% in The South End Halifax rental real estate market, it may appeal to investors looking for long term returns on investments. Properties in the South End of Halifax real estate market range from $300,000 to $500,000 and each would rent in the vicinity of $850 to $1,300 for every two bedroom apartment or home unit. Mount Royal Halifax rental market is a new development located just off Highway 102, adjacent to the community of Clayton Park. Set on 65 acres, Mount Royal Halifax rental market includes three parks, public transit and proximity to the downtown core. Halifax Mount Royal real estate market offers condos, semi-detached, townhouses and single family detached homes for sale. Prices for single family lots range from $124,900 to $140,000. Mount Royal Halifax townhouses begin at $271,900 and semi detached homes from $287,900 only. Mount Royal investment property definitely gives you an entry level property to invest in. Crown Bay Halifax condos for sale is just located minutes from downtown and is surrounded by established communities. Prices for a studio style unit start at $159,900 and for a two bedroom Crown Bay Halifax apartment suite at $280,000, and these condos can rent in the average range of $1,400 to $2,200 per month. The Trillium is a building that is located on South Park Street Halifax real estate market in the commercial centre and is still under construction. The Halifax Trillium condo apartments are expected to be completed by 2010. The Trillium Halifax condos will include 84 suites for sale on 17 storeys and the first two levels will be commercial and professional services. The average cost of these pre-sale Halifax condos at The Trillium are expected to be about $360,000, and rents will range from $1,700 to $3,000.Nearby Real Estate Investment Opportunities in Halifax Property Market
If you have exhausted your search for new Halifax rental properties to purchase, try something outside of the city. Dartmouth Russell Lake West is one of the newest residential neighbourhood developments in the Greater Halifax area. Located in Dartmouth Russell Lake West offers executive homes ranging from $350,000 to $600,000, and these Darmouth properties would rent for about $2,000 to $2,700. Or you can try Bedford South The Ravines which offer more upscale living with average residential house prices starting at $387,000 and rentals ranging from about $2,000 to $3000.
Labels: Canada Real Estate, Crown Bay, Fall River, Invest in Halifax Real Estate, Pre-Construction Halifax Real Estate, Pre-Sale Halifax Condos, Property Investing in Canada, Trillium South Park Street
Sunday, November 2, 2008
The Pre-Construction Calgary Red Haus Condo Living Real Estate Development Wins the Multi-Family Community of the Year Award - Streetside Development
Streetside Wins Multi-Family Community of the Year Award for Red Haus Condos Calgary
There’s a reason it’s called a living room. Red Haus Calgary condo pre-construction properties makes it easy for you to experience all the things that allow you to relax. With its spacious designs and modern décor, you’ll never want to leave. The pre-construction Calgary Red Haus residences allows you to offset your long days with a perfect balance of style and comfort in a home that fits. Red Haus – it’s where you want to live. A STreetside Development Corporation property, the Red Haus condominiums is a SAM Award Winner for best multi-family community and best new design under 799 sq ft. With underground parking, German designed 5 piece appliance package and sleek Italian Kohler Pillar Faucets you can’t go wrong in purchasing a new Calgary condo at Red Haus at pre-construction pricing. Located at 43 & 45 Royal Oak Plaza NW Calgary and you can call a sales agent at 403.269.6024 or email redhaus@streetsidehomes.com or visit www.redhausliving.com for additional details. The Sales Office for Calgary Red Haus condo residences is open Monday through Thursday from one to seven and Friday through Sunday from noon to 5pm. Prices start from just $199,000. A fabulous presale condominium Calgary real estate development located in the northwest district of Royal Oak was honoured as the Multi-Family Community of the Year at the Canadian Home Builders Association – Calgary Region’s 21st Annual SAM Awards (Sales and Marketing) recently. This marked the first time the Multi-Family Community of the Year Award was presented. Streetside Development Corporation was “Absolutely thrilled and proud to receive this award for Red Haus Condos,” says marketing manager Kendra Milne. “We’re very pleased and excited because this recognizes the work on the entire community; it goes beyond the Red Haus condo design, beyond the exterior and interior finishes and features, and really looks at every aspect of what a multi-family builder does in creating a project.” Streetside Developments is redefining apartment-style Calgary condominium living with Red Haus Condo presales by presenting a community in a community, featuring a huge interior central park area with connecting courtyards where residents can enjoy a bocce court, barbecue area, outdoor table tennis, a gazebo, a pathway system linking each building and the central Club Haus – a multi-use facility with fitness centre and meeting rooms for residents at the pre-construction Red Haus Calgary condo homes. With no vehicle traffic in this beautiful landscaped layout, residents are provided with a park-like, neighbourhood setting where they can gather, meet neighbours and have fun.More about these Calgary Pre-Construction Condos by Streetside Developments
The new Calgary Red Haus condo residences is comprised of four buildings and its European design, location and amenities have proved so popular among home buyers that the first building sold out and sales are going well in the second presales building at Red Haus, which offers one and two bedroom units ranging from 575 to 1100 square feet and priced from $199,900. Milne adds that the third and fourth buildings are in the design and real estate Calgary development stages. Among the fine interior features at the pre-sales Red Haus Calgary condo suites are 9 ft ceilings, maple cabinets in your choice of stain, a complete window blind package, European styled faucets and hardware, and a silgranite sink in the kitchen. All the suites at Red Haus Residences in Calgary real estate includes: cooktop range, wall oven, dishwasher, fridge, and over the range microwave hood fan; in suite laundry, a gas line for the barbecue on the patio or balcony and an underground heated parking stall and storage locker.More Information About the Presale Red Haus Calgary Apartment Homes
Red Haus Calgary real estate condos is within walking distance to a large shopping centre and is a short drive to a vast array of amenities at Crowfoot shopping centre, including the Crowfoot YMCA. Red Haus pre-construction condos is also located off Coutnry Hills Blvd NW and has great access to all areas of the city and to the mountains via nearby Stoney Tr. And Crowchild Tr. For more information about Red Haus Condo homes, visit the presentation centre located at 43 and 45 Royal Oak Plaza Northwest or visit www.redhausliving.com. Along with the Multi-Family Community of the Year Award, Streetside Developments also won the Best New Design up to 799 square feet award in the Multi-Family Design category. Congratulations! A conversation piece awaits homebuyers. Spend an evening in with your closest friends – and Red Haus condo living. No matter the gathering, our spacious floor plans and modern décor offer the perfect ambiance. Relax in the comfort of Red Haus home living and know that our stylish, comfortable presale Calgarcy condos will really give your guests something to talk about. Red Haus Calgary presale condominiums – it’s where you want to live. With heated underground parking, German designed 5 piece appliance package and sleek Italian Kohler pillar faucets, you can’t go wrong by purchasing a presale Calgary real estate condo at Red Haus today. The new Showhomes are now open! Red Haus Calgary presale condos: 118 – 30 Royal Oak Plaza NW Calgary real estate at 403.269.6024 or redhaus@streetsidehomes.com ore redhausliving.com. Open Monday through Thursday 1 to 7pm and Friday through Sunday from noon to 5pm. The presale pricing for the Calgary Red Haus condos start from $199,000 and no down payment? Check out the new financing options available at this pre-construction Calgary real estate development.There’s a Reason It’s called a Living Room
From the latest marketing at the Calgary Red Haus apartment condos. Red Haus real estate development makes it easy for you to experience all the things that allow you to relax. With its spacious designs and modern décor, you’ll never want to leave. The Red Haus Calgary apartments allows you to offset your long days with a perfect balance of style and comfort in a home that fits. Red Haus Calgary condo pre-sales – it’s where you want to live. The latest features and incentives for the pre-construction Calgary Red Haus apartment homes includes underground parking, german designed five piece appliance package and sleek Italian kohler pillar faucets. SAM Award Winner for best multi-family community and best new design under 799 square feet. Lcoated at 118 – 30 Royal Oak Plaza NW Calgary with sales hours from Mon through Thurs at 1 to 7pm and Fri to Sun and holidays from noon to 5pm. You can email redhaus@streetsidehomes.com or visit their web site for more information about this pre-sale Calgary condos at the Red Haus. Prices now start at $199,000 and no down payments! Check out the new rent-to-own Red Haus apartment incentives at the Calgary sales office.
Labels: Alberta Property, Calgary Real Estate, Canadian Real Estate Investment, Pre-Sale Condos, Property Investing in Canada, Red Haus Calgary Condos, Streetside Development
Saturday, November 1, 2008
Investing in Canadian Real Estate rated as one of the most stable property markets in the world
Canada Real Estate is Stable and Poised for Growth
If you are a real estate investor, look no further than Canada property to see one of the most stable and sought after markets in the world. Despite the worldwide turmoil that started from the United States subprime mortgage crisis and the ensuing credit crunch witnessed around the world, Canada's banking system was rated recently as the most stable and secure in the world. This is far better than any other developed nation and provides Canadian home buyers a sense of relief and satisfaction in knowing that none of the major Canadian banks are in financial trouble. In addition to sustainable growth following a period of unprecedented capital appreciation of Canada real estate, the property market across the country is sought after by many international property investors, and now is the time to get into the Canada real estate market if you haven't already. Back when the Liberal Party was in government and President Clinton was the leader of the US, the American government deregulated much of the banking system. Because banks and financial institutions are in there to make money, of course they would take every course of action to maximize returns and revenue, thus sparking the biggest credit spending spree in world history. At the same time, the Canadian government opted not to deregulate the banking system here in Canada, and by doing so, remained one of the tightest credit markets worldwide, making it tougher and more stringent in their lending products to clients. Because of this and other factors, the Canadian real estate market is still achieving some of the best returns when compared to their counterparts. A sound banking system and less speculatory investors have created more of a balanced Canadian real estate market that investors can take advantage of right now.
What A Home Really Costs – The Hidden Costs and Fees in Property Closings
Checklist: All closing costs and associated fees
Cost of Home
• Purchase price
• GST (on new/significantly refurbished homes)
Upfront Costs
• Appraisal fee
• Deposit
• Down payment
• Estoppel certificate fee (for condominium/strata unit)
• Home inspection fee
• Land registration fee
• Legal fees and disbursements
• Mortgage brokers’ fee
• Mortgage loan insurance premium (can be included in your mortgage)
• Prepaid property taxes and utility bills
• Property insurance
• Survey or certificate of location costs
• Title insurance
From CMHC
Labels: Canada Real Estate, Canadian Real Estate Investment, Property Investing in Canada



