MK Investment Group

Statistics Canada released the February 2021 Labour Force Survey showing much stronger-than-expected job growth!

Bank of Canada is thinking about recovery. Investors need to think a step ahead as well!

In the face of chronically-low housing supply, the federal government says that it’s willing to help provinces and municipalities increase their inventories in an effort to improve affordability.

Homebuyers in Barrie, an hour north of Toronto, have seen single-family home prices jump by $147,000 since August. Meantime, Fraser Valley, a region east of Vancouver that contains the small cities of Abbotsford and Chilliwack, recorded a $145,000 increase in the single-family home prices during the same period. Vancouver and Toronto were no slouches either, with Hogue noting prices had increased $143,000 and $139,000, respectively, over the last six months. Clearly homebuye...rs continue to be a force to be reckoned with a year into the pandemic. Rock-bottom interest rates, changing housing needs and high household savings seem to have motivated many to make a move or take the investment plunge, Hogue wrote. Speculation has also arrived on the heels of the steep increase in home prices, the economist said. Buyer FOMO the idea a homebuyer may lose out on a property they can afford if they wait too long is another dynamic at play in the red-hot market.

In today’s competitive mortgage market, low interest rates are advertised across the board, but while many lenders offer rock-bottom rates, it is imperative to review all of the terms and conditions in a mortgage contract before signing the dotted line!

Happy New Year friends! May 2021 be filled with health, wealth and happiness!

Things can get a little tricky when it comes to selling a tenanted property, however, landlords can sell it whenever they want in good faith!

Know when to take action: Far too many people gather so much information and take no action. One of the great things I like about real estate investment is that I know my financials before I even place an offer on a property. Then with the knowledge of the market, I know the property can be managed profitably without relying on the housing market to appreciate! #realestate #realestateinvesting

What type of investor are you?: Determine if you want to be actively involved, or have investment professionals manage your investments for you. This is a large question where you need to really analyze your return on investment AND your return on time. If you do it yourself: you could potentially make some great profits (20%+) and be much farther ahead. However, you may not have the knowledge base or time to be able to handle issues as they arise (and they always do).... If you hire professionals: you can expect to still make a decent return and have very little of your time involved (we usually tell our partners to expect 13%+ when investing with us). You also know your investments will be professionally managed by those that have managed investment properties for years. The key here is to make sure you are working with those that know the space you are in (as well as their motivations) read our previous blog Are you asking your financial advisor these questions to be able to vet out the people you want working with you! #realestate #realestateinvesting

What kind of mortgage makes most sense in the age of COVID-19?