On January 30th, 2013, The Blue Mountains’ town council decided to proceed with finalizing a Draft Short-term Accommodation Licensing By-law. At that meeting, several components of the STA Licensing Draft By-law were either amended, added, withdrawn or perhaps temporarily set aside, for the purpose of having a draft version that would be the basis for [...]
We break here for an important announcement: Happy Birthday to my wonderful, wonderful husband, John! Ok, resume. For many years, I always believed that a tenant was responsible for the full term of their lease no matter what. With a landlord’s consent, they could sublet it though for the remainder of the term provided the [...]
Do you think this is not possible? Beleive it or not, it is. Yes, you CAN build 10, 20 or even 30% equity in a property here if you have vision and courage. Here is a classic case in point. Earlier this year, I had a condominium listed for sale in a prime location opposite [...]
I get 3-5 enquiries each and every week from people thinking about buying an investment property in the Collingwood, Blue Mountain area. Most people are looking for something they can use and enjoy plus rent out to offset costs. That works well. Others however are looking for something different and that is true investment and [...]
If you own an income property, you probably already know that the Rent Increase Guideline set for 2013 is at the new maximum of 2.5%. What many people don’t seem to know is that there are exemptions to these guidelines. Owners can apply for increases above the guidelines for certain expenses however, there are other [...]
Guest Post by Chris McCormick Last week, Marg and I attended an information session on The Blue Mountains’ Short Term Accommodation By-law, presented by the town’s Director of Planning, David Finbow. Marg has written about this bylaw before on the blog so as an update only, we felt we’d like to share the following items [...]
Guest Post by Chris McCormick INVESTORS or RENOVATORS ALERT: Are You Looking to Access Some Equity in Your Home? You may be able to do just that by using a mortgage option called, “Increase and Blend.” Essentially, your lender increases your mortgage, and blends the current interest rate with the new interest rate. This works [...]
The challenge by a local businessman to The Blue Mountains’ Short Term Accommodation Bylaw (STAB) has been denied, and costs in the region of $20,000 have been awarded to the town. “Short Term” refers to rentals less than 30 days in length. According to The Blue Mountains’ website: “The Superior Court of Justice – [...]
Guest post by Stu Frith Tourism is driven by providing something to the consumer by way of experiences that they cannot get at home. The short term chalet and condo rental market is driven by the consumer decision on where to stay based on a number of factors. Here are the top five things YOU [...]
I just read an excellent article written by Malcolm Silver of Malcolm Silver & Co. Ltd. You can find the full article in his newsletter on his website in his Winter 2011 newsletter you canfind by clicking here. In it, he talks about the five profit centres in real estate: 1. Market appreciation 2. Earned [...]
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