There has been a lot of buzz recently about the Canadian housing market. Much of the recent financial news revolves around a possible housing bubble. The concerns have mostly had to do with dramatically rising housing prices in Vancouver and Toronto. According to The Huffington Post, although the population in Vancouver has dropped by 5% in recent years, the housing prices have almost doubled. These statistics make no sense if you’re looking at the market through the lens of supply and demand. So, what exactly is going on?
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When you’re looking to sell your home, you want to do everything possible to ensure that you’re getting the best results for your efforts. That being said, when you start to look at selling your home, you are going to find that there are a lot of little things that you need to do to make it work in your favor. How can you make sure that you’re getting what you need and that you can sell your home? Realtors have a lot of secrets that can give you a lot of insight about what may be the next thing that you want to do to get your home sold easily.
Are you in a hurry to sell your home? Do you need to move quickly or are you desperate for a change of scenery? If you’re a homeowner, you want to get the best possible price for your home. Real estate can be a very valuable and important asset. Sometimes, a quick sale means losing out. However, this is not always the case. Here are some tips to help you attract buyers and sell swiftly without losing money.
Do some sprucing
First impressions are all-important when it comes to selling a house. You don’t need to spend time and money making the house look pristine, but a bit of sprucing can make all the difference. Make sure your house is clean and tidy. Clear away clutter, make the beds, and wipe down surfaces in the kitchen and bathrooms. Mow the lawn, and give the front door a coat of paint. Put yourself in a buyer’s shoes. What would you think of you came to look around? Are there any obvious problems on view? Or could you do anything to make the property look more appealing?
It is a common misconception that the ultra-wealthy residents of Mayfair do not contribute to the local economy. However, the findings in a new report from Wetherell quite clearly show this to be the opposite. In fact, the residents of the affluent neighbourhood support the shopping, leisure, and employments sectors substantially.
Mayfair is home to some 2,000 millionaires, of which 200 are earning nine-figure annual sums, and 20 are billionaires, who contribute an abundant £2.5 billion to the UK and local economy. With supporting data from Westminster City Council, Dataloft, and EGI, the report findings show that people living in the prime area support the economy through spending on employment, luxury shopping, consultants, and other expenditure. When reviewing the annual spending of super prime households in Mayfair, living in properties with a value of over £15 million, it revealed that the top three category spends are Interior and Artworks, Clothes, and Staff at £2,700,000, £644,000, and £325,000 respectively.
In the last few decades ever more of us have started to invest in real estate. Arguably the appeal of sinking money into property has grown since the economic crash, as many traditional savings accounts and investment opportunities have offered ever-dwindling returns.
However, it would be a mistake to think that investing in property offers guaranteed riches. Quite the opposite; as competition for suitable properties has grown, so sourcing the right opportunity that stacks up financially has become ever more challenging.
If you’re considering making the shift from savings to real estate investing here are five of the biggest factors to consider before you purchase your first rental property…