Archives for Investment

Ottawa Zoning Changes to Provide Excellent Opportunities for Investors

Ottawa Zoning Changes to Provide Excellent Opportunities for Investors   It has recently been announced that a proposal for a long-due update to the city’s zoning rules surrounding its R4 zones will finally be taking place. For those unfamiliar with zoning, it is simply the distribution of land into areas called zones. This method of urban planning helps to establish rules and regulations in regard to new developments that are specific to one area(zone), and can differ greatly from one to another. The R4 zones were originally put in place as an answer to illegal rooming houses in some particular
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Building Your Wealth Through Real Estate

Investing in Real Estate is becoming an increasingly popular way to build wealth that people of all ages and stages of life are looking to take advantage of. Not only does an investment in Real Estate appreciate in value, but it also helps to build equity, to receive a predictable cash flow, and to develop the financial freedom to enjoy life to the fullest. Fortunately, there is a multitude of ways to take advantage of the fruit that these investments bear, but the proper steps and planning must be taken into account before diving in headfirst. First and foremost, it
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Changes Coming to Ottawa Rental Market

Significant Changes Coming this Year to the Rental Property Market in Ottawa Why the changes? The decisions of the Ottawa City Council and the Ontario Government’s Local Planning Appeal Tribunal last year will significantly change the rental property environment in Ottawa this year. These changes have been taken because of publicity and public outcry about the wild parties and murders in Airbnb locations in Ottawa over the last several months. There have also been many complaints that the owners of houses and condos are renting their units out exclusively to Airbnb customers. This has reduced the supply of for Ottawa
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Thinking of Buying a Multi-Unit Building in Ottawa-Great idea!

Are you thinking of investing in an income property? In Ottawa, Multi-units are normally an income property that can include a duplex, triplex, or small or large apartment building.  The purchase of one of these can be a great investment. Do your research and really understand the Ottawa rental market before you start the planning process. Always check the current vacancy and rental rates in each area that you are considering. Multi-units can be a sink hole of money that never makes a profit. You must carefully do your homework, get the support of some key people and always have
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Finding the Perfect Tenant

Rental properties are a great means of additional income. They are a relatively safe choice when it comes to ensuring the return on your investment is equal or greater than the initial cost. That being said, finding the perfect tenants may seem like a difficult process but it doesn’t need to be! Did you know that a Realtor can assist you with renting out your property and will take care of everything including showings and credit checks? Choosing the perfect tenant is key to ensuring your property is well kept and respected. A rental property that is well kept by
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The Importance of Building Inspections

The Importance of Building Inspections In busy housing markets where homes go into multiple offers, people look for any edge they can. More and more people in Ottawa are choosing to forgo any kind of home inspection in order to make their offer for a home more appealing to sellers. Although this strategy can mean your offer is accepted instead of someone else’s, it carries a lot of risks with it that may make you wish someone else got the house instead. What is a home inspection? Before examining the risks of not having a home inspection, it’s important to
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Condos: Investments

Condos: Investments  It’s no surprise when people begin to look for ways that they can invest their money, and enter the real estate market in an easier way, with a good market price point. Condominiums may just be the answer to the search, based on their strong market value, and the minimal responsibility needed when it comes to maintenance. What is classified as a condo? What makes these properties a good investment over houses on the market today? What is a condo? A condo, short for condominium, is a building where one individual owns each unit. It is like homeownership,
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Illegal vs. Non-Conforming Rental Units

Illegal vs. Non-Conforming Rental Units Whether you are looking at renting a new apartment or home, or becoming a landlord yourself, it is important to do your research before you go ahead with your plans. The laws, bylaws and regulations that govern rental properties are very complex, and are different between provinces and even municipalities, so it is strongly advised that you talk to someone who is knowledgeable about these regulations before moving forward. A Realtor can help guide you through this process and ensure that you know what you are buying or renting. One example that may be confusing
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Real Estate Investment Strategies – Pros and Cons

Real Estate Investment Strategies – Pros and Cons There are numerous ways to invest in real estate and the opportunities range in complexity, risk level, and ease of entry. The most suitable strategy depends on your financial situation, access to financing and risk tolerance. Here are some pros and cons of three common residential real estate investment strategies. The Buy and Hold The concept is to buy a rental property at below market value and hold it for the long term.  Rent covers expenses until the property’s value climbs and you sell at a profit. Pros least complicated of strategies
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