How remote work is impacting real estate
by Multi-Prêts Mortgages What you’ll learn The growing appeal of suburbs and rural areas A new demand for homes with office space The surging popularity of cottages up north Deserted downtown office towers The revival of coworking spaces The effects of remote work on the real estate industry The ongoing health crisis has changed many workers’ […]
Should you put off buying property until 2021?
by Multi-Prêts Mortgages What you’ll learn Have you calculated how much your mortgage payments would be? Have you been dipping into your down payment savings lately? Are you still working? Are you prepared to practise physical distancing measures during property visits? Are you willing to have the property inspected without you there? Are you prepared […]
Should you buy or rent your next home?
by Multi-Prêts Mortgages, in collaboration with National Bank What you’ll learn Is your personal and professional situation stable? Have you considered the costs of buying and maintaining a property? Do you have a down payment? Do you save enough? What are your needs and aspirations? The rental of a home and the acquisition of a […]
What are your housing options after retirement?
by Multi-Prêts Mortgages What you’ll learn What’s an intergenerational home? The pros of having the whole family under one roof Patience and humour: The keys to success Sharing a duplex or triplex with seniors Independence or isolation: A fine balance Our aging population means that the number of people over 65 is constantly on the […]
Tips for investing in a small plex
by Multi-Prêts Mortgages What you’ll learn Developing good reflexes Specific requirements for down payments Why not consider an intergenerational home? Developing good reflexes Even if real estate is a relatively low-risk investment, you may still have to deal with certain uncertainties and spend considerable amounts of money at the start of the proceedings. Furthermore, municipal […]
Evaluating a house’s market value
by Multi-Prêts Mortgages What you’ll learn Municipal assessment Market value assessment The appraiser’s role Whether you’re buying or selling, estimating a property’s market value requires you to consider an array of factors. To help you see clearly and avoid certain traps, here are some things to keep in mind. Municipal assessment The value that municipalities […]
Condotels: good or bad investment?
by Multi-Prêts Mortgages What you’ll learn Advantages Disadvantages Something to think about! Over the last few decades, the condo-hotel (condotel) concept has been making its mark in the real-estate world. This second residence, co-ownership, investment and rental hybrid is lauded by some and warned against by others. But is it a worthwhile investment? Although it […]
Buying a repossession: what you need to know
by Multi-Prêts Mortgages What you’ll learn Lower price? Warranty Maintenance and renovations It can be tempting to believe that repossessions are synonymous with good deals when you’re looking to buy. But does one person’s bad luck really guarantee savings for future buyers? To help you see more clearly, here are a few things to consider. […]
Do we have to declare a capital gains on a principal residence?
by Denis Doucet What you’ll learn When should we report a capital gain or loss? How and when to declare it? Since 2016, any homeowner who sells h/her principal property with a capital gain or loss must declare it in Schedule 3 of their provincial income tax returns despite a tax exemption for Canadian residents. Renting […]
Rules on pets and condos
by Multi-Prêts Mortgages What you’ll learn Banning them outright is often not ideal. Rules to live together in harmony. Most people are simply indifferent when it comes to pets, while others simply can’t stand them, but for cat and dog owners, pets are family members, period. Obviously, civility and common sense should dictate the actions […]