Friday, December 6, 2019 / by Zifan Gao
BUYING A HOME DURING HOLIDAY
With 2019 coming to an end, we're looking back at what this past year brought us. I want to thank all of you for continuing to support the Boiron Group and making 2019 another incredible year for our team!
I hope you have an amazing holiday season, filled with celebrations. If you’re someone who loves to entertain, make sure to check out page 2 for the top features every entertainer’s home should have.
Know someone who is wanting to sell or buy a house? Then give them the gift of the most educated Real Estate team! Every time you refer us to someone, you're helping SickKids. Turn to page 3 to see how SickKids made a difference in Everest's and his family's life.
Lastly, if you're feeling generous, the best gift you could give us is writing us a Google review.
What to Look For in a Perfect Entertainer's Home
Do you love to entertain but feel held back by your home’s capabilities? As prime hosting season, the holi ...
Friday, November 15, 2019 / by Zifan Gao
As the cold weather approaches, the market has started to slow down. The recently released TREB October Market Watch Report shows that the year-over-year growth was lower for October than for September. However, compared to October last year, this past month still saw another double-digit increase in the number of sales.
READ: Your Cottage Might Yield Better ROI than Your Home and Here is Why
From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, we’ve got you covered. We’ve summarized this month’s report into a bite-sized digest so that you can be better educated in Real Estate and the current market trends.
Home Sales increased by 14% year-over-year
For the 7th consecutive month, we’ve seen a double-digit increase in the number of sales. However, for the 3rd consecutive month, we’ve also seen a double-digit decrease in active listings. ...
Wednesday, November 13, 2019 / by Zifan Gao
Investing in a rental property often means doing a great deal of research and one very important aspect of the process is understanding how property is going to generate cash flow from rental operations. You can perform a simple cash flow calculation to illustrate the potential of rental Real Estate as an investment.
Here’s how it works: using a residential fourplex as an example, let’s assume that all four units are expected to be rented. Let’s also assume that the buyer did their research and the property was a decent deal - not exactly a steal but they also didn’t overpay.
Let’s start with the basic property and deal information:
Purchase price: $325,000
20% down payment: $65,000
Financed balance: $260,000.
Mortgage: 25 years at a 5-year fixed rate of 3.34 percent
Combined principal and interest payments: $1,276/month
Taxes and insurance (at the time of the purchase): $3600 a year
Total payment (mortgage ...
Wednesday, November 13, 2019 / by Zifan Gao
Do you consider your potential new neighbours when purchasing a property? Homebuyers tend to forget that when you buy a new property, you are also buying into a relationship with your neighbours that could be decades and decades-long. You want to factor that relationship into your purchasing decision and at least do some rudimentary research on any ongoing disputes between the current property owners and others. You also want to make sure that you don't end up being the 'nasty neighbour' yourself by making significant changes to your property without community approval.
Here’s Boiron Group's 2019 field guide to common neighbour nastiness:
1. 'Tree' Jerk Reactions:
According to professional mediator Jeanette Bicknell of Bicknell Mediation, more than half of the neighbour conflicts that she sees are tree-related. The desire to protect trees from being cut down or trimmed "makes people crazy" and sparks outrage in generally congenial neighbours.
2. A history of being ...
Monday, October 21, 2019 / by Zifan Gao
TREB has released its September Market Watch Report showing yet another month of double-digit growth in residential sales. This is the sixth consecutive month seeing this kind of growth since last April and the market shows no signs of slowing down. The rental market, however, seems to be balancing out, as listings surpass transactions, according to the third-quarter TREB report.
Interpreted intelligently, these statistics could provide invaluable insights for home buyers, sellers, tenants, and landlords alike. From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, these insights can guide consumers to act from an educated position.
Drawing on more than 50 years of expertise in real estate, Boiron Group summarized the TREB reports into a bite-sized digest so you can be better informed of today’s market in no time.
READ: Top 3 Renovations To Boost Your Proper ...