Should we invest in real estate? Possibly yes!  

Should we invest in real estate? Possibly yes!  

Remember the 90s?  A great time to buy stock in flannel, but not such a great time to buy real estate. A real estate investor in 1990s Hamilton wouldn’t even recognize the city today. Back then it was all about the long game: Buy a property – rent it out for 15 years – sell it and hope for the best. Back then, investing in real estate was all about cash-flow.  Do the rents cover the carrying cost of the property? Great! Sit on that property for 15 years and know that the return on your initial investment is assured by the demand for rental units. Whether or not the property grows in value depends on how high the rents are.  Worst case, the tenants paid off your mortgage. From...

Read more »

Genworth Report: Hamilton Overview

Genworth Report: Hamilton Overview

Take a look at the Sales-to-Listing Ratio and summary provided by Genworth. Here’s what you need to know:  We are moving towards a balanced market, so buyers can expect an easier time over the next couple months. Sellers can expect a longer process, but sales...
The Variable Rate War is Heating Up

The Variable Rate War is Heating Up

“Mortgage shoppers looking to get a variable rate are in luck. The country’s biggest banks are currently slashing rates and clamouring for their business,” states a report by Canadian Mortgage Trends. You can (and should) read the full article here. So...
Steve’s ‘Really Real’ Real Estate Update

Steve’s ‘Really Real’ Real Estate Update

Lately I find myself watching the real estate market like a hawk – our mandate at the Personal Mortgage Group is always to stay current on the driving forces in the real estate market – but right now I have a personal stake in what’s happening.  My wife...