Investment Real Estate Archives

We come across many different ideas in the Barrie Real Estate market, and this one we thought was worth repeating. Buying an investment property or renovating an existing one involves many different aspects, and one that is often overlooked is the return that you receive on your investment once you have made the renovation. The return on investment revolves around spending say $10k for a new bathroom vs what value does it typically add to the property when you come to sell?

The following article was written by the president of the Barrie Real Estate association. It is reprinted here in its entirety as it’s a concise and up to date look at a changing market.

Home sales down in May

Residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. were down from year-ago levels for the first time in a year in May 2010.
The average price for homes sold via the Association’s MLS® System in the first five months of the year was $278,708. This is up eight per cent from the year-to-date average price last May, and represents the highest average price for this period on record.
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All cheer….YEEAAAHHH, the recession is over, the wicked witch of the manufacturing layoffs is dead and we can all go on spending again….Or can we? In this post we examine some of the recent trends in the Barrie real estate market and try to identify what’s really happening, or more importantly what’s around the corner.

A quick revisit into recent history; In August 2008 the Barrie real estate market peaked after a reasonably healthy start to the year. The average price of homes in the area was approx $259,000. The storm clouds were hovering south of the border as USA sub prime lending spiralled out of control and eventually imploded, taking with it several large US investment banks. The world held its breath and in Barrie,
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By popular demand we will be hosting a lease to own evening  on Wednesday 28th April 2010. The owners of an ethical lease to own company will be coming to Barrie to talk to investors about the pros / cons of lease to own investing. Read the rest of this entry

Barrie Real Estate as a part of a holistic approach to a portfolio.

Some people, and some agents, will tell you that ‘now’ is the best time to buy Barrie Real Estate. I’m certain that over the next few months there will be many reports on how great the Barrie Real Estate market is and how not getting in now will be a mistake. Well I’m not sure that it is and I’m not convinced that it isn’t. What I do know is that investing in Real Estate needs to consider many factors but market emotions, isn’t one of them.

Having spent 18 years in international finance running portfolio’s for major banks I feel I have a unique blend of investment experience, economic awareness and can bring this to the table to help my clients understand the long term impacts of investment Real Estate.

So what is ‘Investment Real Estate’? Read the rest of this entry

Just hot off the press, the Federal Reserve Bank of New York this afternoon surprised everyone by raising the discount rate from 0.50% to 0.75%. This is a 25bp hike and represents what could be the beginning of a new shift in policy. The Discount rate is the emergency lending rate that the Fed will lend to banks. Read the rest of this entry

Barrie Real Estate – Mortgage changes

The Government of Canada today announced changes to mortgage financing rules effective April 19th 2010. The lenders however, are likely to adopt the changes almost immediately so if you are in the process of thinking of buying a home, at the very least call your mortgage professional now and get pre-qualified. There are three main changes to mortgage financing rules and these are likely to affect the Barrie Real Estate market. Read the rest of this entry

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