Our name says it all – our objective is to take the stress out of being a “small landlord”. Real estate is about investing. Investments must be approached in a “business like” way. For some landlords, this means: no contact with the tenant.
We offer you a complete property management service which includes:
- finding, screening, and interviewing tenants
- managing repairs
- collecting rents and paying expenses
- preparing relevant tax forms for both residents of Canada and non-residents of Canada as they pertain to your property
Our objective is to provide you with the “peace of mind” that you need to make your real estate investment a success.
Millions of Americans face foreclosure, the value of their homes below the value of their nominal mortgages.
Terence Corcoran, Financial Post · Tuesday, Aug. 24, 2010
One of the great paradoxes of the U.S. economy is how something as personal and individualistic as home ownership — a core value at the heart of the American dream — could have been turned into one of the world’s biggest socialist disasters. Read more…
Canada’s housing slowdown ‘most dramatic’
The recent slowdown in Canada’s real estate market is the “most dramatic” of a general global softening, Bank of Nova Scotia said today. While Canada and Australia led a post-recession surge as world housing markets entered 2010, activity seems to have cooled again amid softer demand and prices that came with moderating economic growth, financial market turmoil and a sluggish rebound in labour markets, economist Adrienne Warren said in a new report. Read more…
Leng Hongli (right), a real estate agent in the Wangjing area of Beijing, introduces houses on sale to a customer on Wednesday. Zhang Wei / of China Daily
Surging market pushes up housing prices as well as realtor’s income
BEIJING – Leng Hongli is riding high on the real estate express.
Boosted by soaring housing prices, 30-year-old Leng earned 100,000 yuan ($14,700) in commissions last month after selling seven apartments in Beijing’s Wangjing area. Read more…
Tamara Jenkins has been outbid about 20 times in her nine-month quest to buy an apartment in Melbourne’s inner suburbs.
“I started with such enthusiasm,” the 36-year-old public relations director said in an interview. “I’m so frustrated with the process. I’m ready to buy, but I keep missing out.”
The source of her frustration — a shortage of 200,000 dwellings — is helping fuel Australian home prices, which are 82% higher than in the United States, and disproving investors such as Jeremy Grantham, who says they will fall 42% as interest rates rise in one of the world’s priciest home markets. Read more…
It’s an occupational hazard Barry Lebow would rather do without.
Before entering a home to inspect it, the veteran real estate appraiser typically gives the butt of his jeans a quick dousing of bug spray.
“I promised myself that I wouldn’t bring home bedbugs again — that stuff is murder,” says Lebow of Lebow, Hicks Ltd. “We didn’t sleep for three weeks.” Read more…
Tim Shufelt, Financial Post · Friday, Jul. 2, 2010
Perhaps you want to upgrade your current living quarters to something slightly more palatial, but that would require your riches to be slightly less imaginary.
So you could take the dignified route and accept that fate prefers to store you in a glorified shack, or you can masquerade in a delusional fantasy of boundless wealth.
Fantasy it is. And as it turns out, there are options for those looking to dislodge from reality. Read more…
Ontario is about to rival Prince Edward Island as the province with the highest electricity prices in Canada, and rates will, for the first time, exceed the average cost of keeping the lights on in the United States
Residential customers in Ontario will pay $300 more a year on average for electricity by the end of 2011, an increase of 25 per cent, according to energy consultants. And the rate increases won’t end there. Investments of more than $8-billion in green energy projects unveiled by the Ontario government Thursday will add another $60 a year to hydro bills by 2012. Read more…
A dozen years after Ontario overhauled its property assessment system, Toronto’s biggest office towers bearing the names of the Big Five banks are still fighting for lower assessed values.
The towers carried their battle to Ontario’s highest court Monday, looking for a decision that could ultimately help them win tax refunds of up to $150 million, and see their assessed value reduced by $1 billion or more. Read more…
It would appear that this is an an outright declaration of war by the Ontario Government of Dalton McGuinty on Ontario’s landlords. It’s just a question of where the votes are. There are more tenants than landlords.
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“Ontario’s rent increase guideline for 2011 will be 0.7 per cent.
The provincial government says it’s the lowest guideline in the 35-year history of Ontario rent regulation.
The guideline is the maximum amount a landlord can increase the rent of most sitting tenants without seeking approval of the Landlord and Tenant Board.
The 2011 guideline applies to rent increases that occur between January 1 and December 31, 2011.
The calculation is based on the Ontario Consumer Price Index.”
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