Handing down the cottage is a challenge facing many families in the South Georgian Bay area where many properties are secondary homes for their owners. Recently, I had the privilege of spending some time with Geoff Parker of Stonehaven Financial Group Inc. discussing some of the various issues surrounding succession planning for such properties. Geoff [...]
Handing down the cottage is a challenge facing many families in the South Georgian Bay area where many properties are secondary homes for their owners. Recently, I had the privilege of spending some time with Geoff Parker of Stonehaven Financial Group Inc. discussing some of the various issues surrounding succession planning for such properties. Geoff [...]
This is the final part of this 4-part series Intrawest and Blue Mountain know that in order for the resort to remain vibrant and solvent, they need to keep visitors coming to the resort. Since Fortress purchased Intrawest, they focused on cutting capital expenditures and reducing operations which did not prove to work. The resort [...]
Part 3 of a 4 part series Arranging financing for the purchase of a condo hotel unit, such as those in the Village at Blue Mountain, is not always as straight forward as buyers might expect. Since these are commercially zoned units that are principally used for the generation of revenue, many lenders treat them as [...]
Second in a four-part series In my own experience, people who buy condo units in the Village at Blue are looking for one or all of four things: 1. They want to use and enjoy a unit themselves while using rental revenue to offset expenses and carrying costs 2. They want to be “where it is at’ [...]
It’s hard to believe that in just ten years, a vacant field at the base of Blue Mountain has turned into a bustling, Old Ontario style village. Today, the Village at Blue is home to about 46 shops and restaurants plus about 700 hotel-condominium units that hosts over a million visitors each year. In a [...]
Hidden on almost 600 acres in a secluded valley, is Devil’s Glen; one of the Collingwood area’s favourite family ski clubs. Since it’s inception in the late 1960′s, the club has been known for it’s stunning location within the Niagara Escarpment. Far from the hustle of city life, the Glen offers an escape to nature [...]
Owners of Blue Mountain real estate, especially investment condos and chalets, will be interested in following the story in the Town of the Blue Mountains regarding the Ontario Municipal Board Hearing about Short Term Accommodation Uses. At the heart of the issue are the proposed further regulations, in the Blue Mountains, which restrict short-term rentals. According to the Issues [...]
One of my favourite clients invited me out to her cottage just west of Thornbury one sunny afternoon. We ate freshly picked cherries from Goldsmiths up the road. I dug my toes in the sand. The water was as clear as a crystal. Some days my job is really tough.
In Parts 1, 2 and 3 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 [...]
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