The PEI real estate market shows signs of cooling

New numbers from the Canadian Real Estate Association show Prince Edward Island's housing market is starting to cool. The number of houses sold in November fell 13 per cent, compared to the same period in 2021. James Marjerrison, president of the PEI Real Estate Association, said he's not surprised by the decrease."I don't find the stats super surprising given the increased interest rate we've seen over the last few months," he said."There's a little apprehension from…

LACKIE: Homebuyers waiting for bailouts need reality checks

Breadcrumb Trail Links Toronto & GTA ont columnists Published Dec 17, 2022 • 3 minute read 14 Comments Photo by James MacDonald /Bloomberg Article content The other day someone shared a real estate Reddit post written by a perplexed homebuyer wondering what to do now that their soon-to-be completed home was worth less than they had agreed to pay for it. Advertisements 2 This advertisement has not been loaded yet, but your article continues below. Article…

The market downturn added to divorcing couples’ woes

Alyssa Bach, left, an associate with Toronto-based Shulman & Partners LLP, says timing the sale of a home and setting an asking price are just two of the thorny issues divorcing couples will need to navigate.Shulman & Partners LLPCouples grappling with the fraught decisions that come with separation and divorce are feeling an added burden this year: The downturn in Canada's real estate market is causing more clashes when it comes to dividing the family home.Climbing…

Vancouver's real estate outlook isn't so sunny for sellers

Vancouver realtor Bryan Yan is forecasting a 10 to 15 per cent dip for overall home prices in the Lower Mainland in the year ahead.DARRYL DYCK/The Canadian PressA year ago, the outlook for sellers of residential real estate in the Vancouver area was optimistic, with industry experts foreseeing a continued upward trajectory of home prices after a year of near record-setting sales. The forecast for 2023 is not so cheerful.Vancouver realtor Bryan Yan, who specializes in…

I've just purchased my first buy-to-let property. What's next?

Property is a great investment. As long as your rent covers the mortgage on your buy-to-let property, you can make a healthy return on your investment. If you have paid for the property in cash, you are making a clear profit each month minus any insurance or maintenance fees. If you have purchased the property to rent, there is a lot to consider. If this is your first property investment, here are a few points to…

The journey so far suggests a global real estate market

LONDON and TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, Colliers (NASDAQ and TSX: CIGI) anticipates the process of stabilization of the global real estate market to take hold by mid-2023 in its latest Global Investor Outlook. While some countries such as the UK and US have already witnessed a rapid pricing reset, this has not been universal. Investors can expect big differences in…

The Best Areas of Nottingham to Invest in Buy-to-Let

Why Invest in Nottingham? Look at Nottingham today and you'd scarcely realize it has an industrial past being a one-time world leader in – of all things – lace-making, bicycles and pharmaceuticals. Today its main industries are future-oriented ones like financial and business services, logistics, advanced manufacturing, clean technology, life sciences and digital. There are big plans being announced in 2023, including a 4bn development program across the city center that will create 7,000 new homes…

Interest Rates Rise in the UK

Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England's base rate.It's worth noting that although the Bank of England is raising their rates to 5%, mortgage lenders' rates will be a lot higher than this. Especially with buy-to-let mortgages, rates are often a lot higher than standard residential…

Buying Property For Airbnb – How to Get Started

Traditionally, investing in buy to let property has been one of the most stable and assured methods of generating a lucrative, long-term passive income.As the UK market is historically one of the strongest and most resilient in the world, it's easy to see why global investors consistently choose thriving cosmopolitan cities like London, Liverpool and Manchester in which to direct their capital.Norms and traditions, however, are two things that have increasingly taken a back seat in…

How Estate Agents Value Properties

Valuations and Appraisals – The Difference It is important to realize that a valuation of a property is not always the same as an appraisal for sale. This will also usually not be the same as a mortgage valuation or a valuation for other purposes such as a divorce settlement or probate valuation. An estate agent's appraisal is being conducted with a view to setting an appropriate price asking for the property when putting it up…