Tag Archives: Investor

Home prices could soon be “topping out”!

National home prices continued to rise in February, but the Canadian Real Estate Association (CREA) said Friday that evidence pointed to a market that was “topping out.” That wording differs from a Re/Max report also this week that predicted a “heated” spring market nationally, with demand continuing to push sales and prices upwards, as bidding […]

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Condo resale prices in Ottawa

The average resale condominium apartment price in Ottawa is currently hovering around the $290,000 mark and commanding a monthly mortgage carrying cost, not including condo fees, upward of $1,450. Since the average two bedroom rent for privately initiated apartment units remained 25 per cent more affordable, some young households are remaining in rental accommodation longer. […]

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How do you make money?

The investor makes a little to no money on the monthly rent, but what they make their money on is when the tenant exercises the option to purchase the home.

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What is Rent to Own?

Most Rent to Own programs requires a small down payment and to put a portion of monthly rent to accumulate for the eventual purchase of a home, usually for about three years, at which point the renters would have accumulated the minimum down payment required to qualify for a mortgage. Homeowners should keep in mind […]

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