In Parts 1 and 2 of this series, we’ve looked at the things you need to consider when buying a condominium for both personal use with income potential: • Will you be renting it out seasonally or for short time periods under 30 days? • Do you wish to be part of a managed rental pool or, [...]
In Part 1, I talked about buying a condominium in Collingwood – Blue Mountain for personal use with offsetting rental income potential. If you decide that what you need is a unit that is part of a managed rental program, read on. Buying a condo in this situation is essentially buying into a commercial venture in a [...]
On a regular basis, at least 2-3 times a month, I get an enquiry from someone who would like to buy a recreational condominium in the Collingwood – Blue Mountain area that they can use at certain times and rent out other times to offset their carrying costs. It’s a terrific idea and certainly doable [...]
The annual rent increase guideline for income properties in Ontario is set at 2.1 percent for 2010. I did a quick check of the Community Profiles on the Stats Can website to see how many dwellings are owned versus rented in the South Georgian Bay area. Based on these 2006 figures, about 20% of all [...]
If you own a commercial building or operate a business in Ontario, you should make yourself well aware of the Accessibility for Ontarians with Disabilities Act (AODA). Chris recently attended a seminar on the Accessibility Standards for Customer Service Regulation 2009, which is one of five parts of the being implemented between now and 2025 [...]
In part two of a survey conducted by Canada Mortgage and Housing Corporation (CMHC) across ten major centres in Canada, they found six percent of households purchased a home in 2008, down slightly from 7% in 2007. The survey further stated: • Across five of the ten markets surveyed, Halifax, Montreal, Toronto, Calgary and Vancouver, 17% [...]
Back in September 2007, I told you about our foray into the world of real estate investment. We purchased a condo in Collingwood that we rented to a fantastic family and, we are still very happy with our decision. There’s more though. One never knows where things can lead and many things have happened since then. [...]
The most common question REALTORS® hear is, “How’s the market?” I suspect that if you asked 10 people this question though, you’d likely get 10 different answers. There are so many ways to view and interpret data. Are we comparing areas? Home styles? Price ranges? Month to month or year over year? All of these [...]
A few weeks ago, I learned a lesson in the obvious. About how easily we take things forgranted. While showing Blue Mountain properties to some buyers who were here from Asia, one of them asked me what the difference was between a cottage and a chalet. It seems that in our discussions and in her [...]
After reviewing, crunching, tabulating and charting, I finally have a report to share on the 2008 Georgian Triangle Real Estate Board performance. The Georgian Triangle area traditionally includes Collingwood, Blue Mountain, Wasaga Beach, Clearview, Grey Highlands and Meaford however, the data in some cases captures a wider area that includes towns on the edges of [...]
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