HOME

VISIT KWDISTINCTION.COM

FOLLOW US ON

 

Lots of Changes in Home Buyers' and Sellers' Profiles

May 12, 2020

The profile of home buyers will change significantly in the next few years, according to a public telephone survey conducted in September for the Greater Montreal Real Estate Board (GMREB). The survey, which is the fourth one, helps profile buyers and sellers, as well as measure their intentions over the next five years.

Buyers' and Sellers' Profiles

The survey showed significant differences in the profile of future buyers: they're younger (6 out of 10 are under 40 years of age), more ...
 

Reverse mortgage is not for everyone

April 28, 2020

It's a tempting proposition: after years of writing cheques to the bank to pay off your mortgage, the bank will write a nice big cheque for you. That's the allure of reverse mortgages, which allow anybody 60 or older to borrow money against the value already built up in their home. With the number of 60-year-olds in Canada expected to double in ...

Prepare your finances.

March 13, 2020

Before the offers start rolling in, you should prepare for the massive amounts of money that will pass through your hands. A lot of the money will probably be going to your mortgage.If you own your home free-and-clear, congratulations! For the rest of us, there are a lot of mortgage considerations. Many people use the proceeds from the sale ...

10 Tips for Turning a First Home Into an Income Property

March 1, 2020

For the past ten years, Scott McGillivray, a 30-year-old real estate entrepreneur, has made a living by transforming houses into income properties. The 30-year-old currently manages 18 properties with over 100 tenants, and now he's coming to HGTV to help a "house poor" generation create legal income suites and help offset their rising mortgage ...

7 reason to plunge into the property game

February 5, 2020

If talk about a housing correction are keeping you out of the property investment game, here are seven top reasons to overcome those fears. As real estate veteran Paul Kondakos, president of RealtyHub.ca, points out your time to buy an income-producing property may be now. 1. Mortage Rates - Canadian bond yields continue to sit at historic ...

Mortgage fraud and recessions go hand in hand, police and experts say

November 24, 2019

It’s tough to tackle the problem of mortgage fraud because no one knows exactly how widespread the problem is, police and industry officials say. There are no solid Canadian statistics on the impact of mortgage fraud since losses are shared among banks, credit unions, other mortgage lenders, and lawyers’ indemnity funds, according to industry ...

Benefits of a fraction

September 28, 2019

Divide and conquer! No, that's not a misnomer. Fractional ownership is a way of gaining a luxury you cannot afford on your own. Why purchase an expensive resort home that you'll only use part of the year when you can own a fraction, enjoy the benefits and not worry about maintenance or housekeeping. This is not the same as a time share. A time ...

The 'Best Friend-Worst Enemy' Reverse Mortgage Quiz

September 16, 2019

Reverse mortgages are not as complex as the decisions that surround these financial and lifestyle wealth management tools. When a reverse mortgage is the right solution, it is the only choice and, therefore, you must consider it your best friend. When other approaches would suffice, a reverse mortgage may be an expensive worst enemy. Here ...

NINE LENDING FACTORS

September 14, 2019

Did you ever wonder what a lender looks at when determining the value of your home? A simple price per square foot doesn't always work. Many factors enter into properly pricing real estate with location being one of the top items. These nine items will give you an idea of how a lender determines the value of a property and how much money the ...

The Top Ten Ways to Prepare for Retirement

August 29, 2019

Planning for retirement, usually a major financial concern for those over age 40, has become even more prevalent now that the huge postwar baby boom generation is moving through middle age. Various surveys indicate that preparing for retirement already ranks as a primary financial goal. A recent survey of mutual fund shareholders showed that ...
1 2 3