Tag: Canadian Real Estate
4 Key Factors to Know When Buying an Investment Property
Real estate investment has always ranked as a top wealth generating investment approach. According to the College Investor, “Over the last two centuries, about 90 percent of the world’s millionaires have been created by investing in real estate”. Considering the competitive market with extremely high demand, unpredictable conditions related to COVID, and the unprecedented low interest rates, […]
Staging Matters: 7 Tips to make the Best first Impression
In a seller’s market, you may ask, is staging relevant? The answer is yes. Selling your home can be challenging because we all form memories of where we lived, and we see it as such a valuable thing. While the right person buying your home will likely love it as much as you did, you […]
New Mortgage Company Puts the Power in Borrowers’ Hands
The Northshore News released an inciting article this March that covers WiiBid’s overarching goal of shifting the power dynamics within the mortgage industry by putting the power back in borrower’s hands. The newly released article outlines valuable statements from the company’s founder and Chief Executive Officer, Amin Eskooch who capitalizes on the lack of transparency […]
Winning the Bidding Wars in a Red-Hot Market
The market is the hottest it has been in sometime, due to record breaking mortgage rates and the increase in demand for relocating! Most of us relate when we say that the process of buying a new home can be stressful, and that is especially the case when it’s a seller’s marketing meaning that there […]
Bidding Wars & Tax Incentives In Real Estate
When the world changed this time last year, we saw unemployment rates at a low with the decrease in the housing market and mostly every other market. Today, a year later we now see the prices of homes in Canada on an uprise, with many homes going hundreds of thousands of dollars over not only […]
Are Mortgage Rates Going Up In 2021?
With the pandemic affecting many in different ways, the surprising consistency and growth of the Canadian housing market throughout 2020 and early 2021 has experts stunned. Though many factors play a part in this, the outcome is as expected: home prices have skyrocketed in urban centers and local markets are running red-hot! According to BNN […]
5 Reasons People Are Turning To Private Mortgages In 2021
Why opt for a private mortgage over a traditional mortgage? Every situation is different and there are a lot of variables however these are five of the main reasons why you would opt for a private mortgage over going to a bank. 1. Self-employed Someone self-employed who does not necessarily have a steady source […]
Can You Use A Home Equity Loan For Business Projects?
Whether starting or growing a business, your home equity can provide funding necessary to help ramp up or take your business to the next level. While business loans are restricted in use, home equity loans offer a lot more flexibility on how they can be used for your business. Feb. 1 start date for government […]
What are the top 3 property types you will find in British Columbia
There are many different forms of properties in the world anywhere from a bungalow to a castle. In British Columbia these are the three main types of properties you will find; Condominiums (Condos) Townhouses Detached Homes Condominiums A condominium is also known as a condo, is a privately owned resistance within a larger building or […]
DIY Mortgage Platform Featured In The Georgia Straight!
Buying a property and keeping up with the expenses can be stressful, which is why homeowners need the best mortgage rates possible. It’s not “Home Sweet Home” without a sweet mortgage! That’s why WiiBid, B.C.’s latest innovative mortgage and lending platform, helps consumers find low financing rates by using machine learning and auction technology. Consumers […]
Considering A Private Mortgage? Learn About Their Value!
Trust me, I get it. Most folks tend to wait around for lower rates, a better deal, or a discounted price. I grew up in a household where waiting just a bit longer was always the safest method when it came to purchasing just about anything. Nonetheless, in the context of mortgage hunting, it may […]
6 Tips For Buying A Home In British Columbia
For most of us, buying a home is the largest purchase that we will make in our lives and there are a lot of factors to consider. Whether you are a first-time home buyer or are relocating from your existing home, the feeling can be overwhelming and there are a few things to keep in […]
Discover 10 Factors Impacting How Your Property Is “Assessed” in BC!
Ever wondered how property value is “assessed”? Let’s say you bought a two-bedroom condo in North Vancouver for $850,000, but BC Assessment values your new place at only $800,000, or imagine selling a detached house for $1 million, even though BC Assessment estimated the home value at around $900,000. Something seems a bit off here, […]
Impressions Matter – Renovate To Maximize Property Value
Almost everyone knows it’s a good idea to renovate before selling your property. A little paint, new lighting, and posh flooring can go a long way in helping you increase your potential revenue. This increase in property value after a renovation is also known as Return on Investment (ROI). Most homeowners are surprised to learn […]