THE MULTIPLEX REPORT FOR INVESTORS
Interest Rates ...
The good news is that the Bank of Canada will keep the prime rate unchanged at 2.25% at least until mid year. After that, many are speculating it will remain unchanged for the entire year or perhaps a slight increase. This means a continued strong market demand for the year with prices expected to increase by 4 or 5% ....
Mortgages ...
The biggest news affecting investors so far this year has been the changes to the rules effective April 19th, 2010 in qualifying for a mortgage. One of the rules will limit the mortgage to investors to a maximum of 80% of the value of the property. If you are thinking of refinancing your property or buying or selling other multiplexes, please call me at 416-252-8880 and I'd be happy to discuss your real estate investment needs with you before you miss this deadline ....
Gross Rent Multiples (GRM) ...
Curious to know the value of your apartment building? Call the apartment building specialist for a FREE, no obligation evaluation.
GRM are one way to evaluate a property and simply multiplying the annual gross rent by the GRM yields the price. As an example, in 2009 in the areas known as W06 and W07, triplexes and fourplexes that sold on the MLS were recorded as having a GRM range from a low of 8.6 to a high of 16.5 ....
Here's a chance to win a Cottage stay in the Kawarthas.
For each referral that you submit that results in a successful transaction of either a purchase or sale of a property through me, your name will be entered for a draw for a 1 week stay at a Kawarthas cottage. The more referrals you send, the greater the chance to win ! And there's no limit to the number of entries.
The Winner will select a 1 week period that is suitable to them during the month of June, July, August or September 2010.
Deadline is May 31st, 2010 and draw will be held June 1st, 2010.
The Harmonized Sales Tax (HST) and Implications on Real Estate
The Harmonized Sales Tax (HST) will be in effect July 1st, 2010 and will be a combination of the current 8% Provincial Sales Tax (PST) and the 5% federal GST resulting in a 13% HST.
Here's a summary of the more notable ways that the parties to any real estate transaction will be affected:
the purchase of newly constructed homes substantially renovated home
services realting to the purchase of new and resale homes eg. real estate commissions, legal fees, and home inspection fees
commercial property rentals and leases.
There are certain elements of the real estate transaction that the new HST will not affect, most notably:
the purchase of resale homes
the sale of homes occupied as a place of residence and that were exempt from GST would also be exempt from HST
mortgage interest costs
residential rent
condominium fees
home insurance (which had been subject to provincial tax, but not GST)
To help home buyers transition to the HST, the Government has provided transitional rules for housing transactions that occur on or around July 1, 2010.
INVESTING IN BRANTFORD, ONTARIO
Can't get the rates of return from real estate in the Greater Toronto Area? Then look at some Southern Ontario's more promising cities. Here, Brantford is highlighted.
JOINT VENTURE REAL ESTATE PARTNERSHIPS
This report describes the various styles of joint venture partnerships and what you can do to get started yourself. Have the money to invest in real estate but don't have the time or desire to invest directly yourself. Learn how to partner up with a real estate expert and do none of the work yourself.
RRSPS - HOW TO USE THEM TO INVEST IN REAL ESTATE
Tired of getting low interest rates on your RRSP GIC's? And how are your RRSP Mutual Funds doing? Learn how the wealthy have used the seldom talked about "Self Directed RRSP Mortgage" to earn consistent retuns that use real estate as security unless stocks or mutual funds that don't have any real security. This 2 page 700 word report explains the ins and out so you can get started today. Learn how many others are learning this well kept secret.
NIGHBOURHOODS TO WATCH FOR INVESTMENT OPPORTUNITIES
Up and coming areas in Toronto to keep an eye on. Areas in transition have proved to be great places to start to find those areas that will undergo a revitalization and a growth rate above the city average thereby giving investors an above average return. But not all transition areas grow by the same rate or have the same potential. Learn how to spot the winners.
GREATER TORONTO AREA TRANSPORTATION EFFECT
The impact of transportation improvements on housing values in the Greater Toronto Area. Did you know that transportation perhaps is the single most influential factor in increasing real estate values. Learn why this is. 28 pages.
THE BUY AND HOLD LONG TERM REAL ESTATE INVESTING STRATEGY
Thinking of investing in real estate, but dont know where to invest and what to look for? Take a read at this real life example and how I did it. 2,000 words.
THE 7 REASONS THAT MAKE REAL ESTATE YOUR BEST INVESTMENT
Learn the 7 reasons that make real estate distinct is a time honoured investment that has made more millionaires over the years than any other investment vehicle. This easy to read 500 word, 2 page overview is an excellent place to start if thinking of investing in real estate.
BUYERS GUIDE TO GETTING THE HOME YOU WANT
This step by step guide will give you the essentials to getting the home that you want by outlining al the importnant things that Buyers hsould know. 1,600 word report.
5 QUICK IDEAS FOR EASY HOME BUYING ...
A simple overview for first time homebuyers. 300 words.
