Condominiums offer many benefits to buyers looking to move out of a rental and into property ownership. Condo living is ideal for anyone downsizing or looking for a property with minimal maintenance. For people asking themselves, “What is a condo?”, a condominium or "condo" actually refers to a specific type of legal ownership versus a style of construction, states the Canada Mortgage and Housing Corporation (CMHC). Potential condo buyers can find condominiums in low-rise residential buildings as well as stacked townhouses, townhouse/rowhouse complexes, and both duplexes and triplexes.
Approximately one million Canadian households own a condominium. The popularity of this type of home continues to increase due to various benefits a condo offers
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Selling a home in a rural area can be a challenge. Rural areas typically attract fewer potential buyers than urban or suburban homes, so finding the right buyer for your rural property may take finesse. With some planning and a little creative thinking, you can bring more people interested in buying a rural home and potentially speed up selling a home in the country.
Uttering the words "housing bubble" is enough to make any real estate agent or interested real estate investor shudder. It conjures up images of the great real estate bubble burst of the new Millennium, which ushered in the Great Recession and brought along with it one of the worst housing markets in history.
When you walk into a person's home, you expect to see the young kids running through the house playing games. One spouse may be cooking the family dinner in the kitchen while the other is in the home office finishing up work before the weekend arrives. Yet family dynamics have changed over the past decade. It is no longer frowned upon to see the thirty-something young adult still living at home with their parents or find the aging parents living out their retirement years with their adult children, and when several generations live in one household like this, it is what is called multigenerational living.
Canadian homeowners need to be aware of the taxation rules and regulations that may apply upon when selling a second home. A Canadian resident may have to pay the IRS when owning a property in the US or be prepared for a capital gains tax for a vacation home in Canada. Get an idea of the tax obligations for Canadian residents and property owners looking to sell a vacation home.
Interest rates not only vary depending on the type of loan a home buyer chooses, but they also vary on the location and the lender. Before a buyer is even pre-qualified for a certain loan amount, it helps to understand how interest rates will affect the long-term financial repercussions of the mortgage. Home buyers have a few important factors to consider before settling on a mortgage and rate that works for them.
Finding the right house can really make a place feel like home, but it isn't just about the physical building itself. It's also about the location. Real estate agents talk about location all the time, and about how important it is for most people. There's a reason for that. Location matters.
Mid-Century Modern is a new trend in home décor. What’s old is new again or at least, has a new spin. The same holds true for homes constructed mid-century in Calgary. You take that design, renovate and model and you have a modern, Mid-Century home.
Having a child comes with enormous responsibility. Many new parents have to navigate all that heavy-duty decision making with ease – some completely stress out. Where to live is one of those life decisions that many don’t take lightly.
