Steady returns in the real estate market In early 2020 I bought an investment property in the lower mainland for $450,000. It’s been 2 full years since I’ve owned it. Let’s see the numbers for this past year. Second year operating profit = 6.74% My rental income was $1,800 a month or $21,600 a year. The cost… Read More »
Canadians are notoriously overweight. 😛 Financially overweight in real estate that is. 😉 When it comes to buying houses we are even more gluttonous than our American pals. The Canadian median household net worth may be one of the highest in the world, but strip away the equities in our homes and many of us would feel financially emasculated. 😐… Read More »
The Canadian Real Estate Association recently announced that national home sales pretty much stayed the same in April. Compared to last year’s April activities, sales were 3.1% lower this year. However, the average sale price rose by 1.3% over the same time led by gains in Calgary, and parts of Ontario. The national average price for homes is now $380,588. Overall CREA… Read More »