Buying a house is a big decision. In fact it’s one of the biggest decision you’ll ever make. Because it’s so big, most people only do it a couple of times during their life, so there isn’t a lot of room for “learning from mistakes.”
That’s why it’s important to avoid making any big mistakes while purchasing a home. Unfortunately though, there are some mistakes that a lot of homebuyers (first time or otherwise) tend to make.
When you’re considering moving to a new community or city, the first thing you probably think about it “What am I going to do there?” Activities and amenities are important to you and your family, so it’s understandable that you want to know about these before you move.
Last week, we wrote about why you should consider buying a property in Leduc, and all of the amenities and activities it offers was one of the reasons. So, this week, we wanted to provide you with a list of the best of these.
Property Investors: If you’re considering buying, or have bought, a Leduc investment property, you’ll want to keep this list in mind when looking for potential tenants.
When thinking about Leduc, think central location and think business and commerce. With a great deal of amenities including parks, schools, and recreation facilities, the city is vibrant and bustling.
In case you haven’t heard of Leduc before (we’re talking to our out-of-province investors) here’s some information you might want to know:
Edmonton’s Rosenthal Community is a great up-and-coming neighbourhood. It’s a great place to purchase an investment property for a variety of reasons. Homes in Rosenthal offer a prime location and the chance to live in a master planned community that will get better and better, making this a great place to raise a family. That means when you purchase an investment property in the community, you're practically guaranteed to attract the best tenants.
Once upon a time, there was a little girl named Goldilocks. She went for a walk in the forest. Pretty soon, she came upon a house. She knocked and, when no one answered, she walked right in.
At the table in the kitchen, there were three bowls of porridge. Goldilocks was hungry. She tasted the porridge from the first bowl.
"This porridge is too hot!" she exclaimed.
So, she tasted the porridge from the second bowl.
"This porridge is too cold," she said
So, she tasted the last bowl of porridge.
"Ahhh, this porridge is just right," she said happily and she ate it all up.
On January 1, 2018 Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI) introduced significant changes to the qualifying rate for uninsured mortgages.
TriUrban’s team of professional investors spent a lot of time analyzing exactly what these changes meant to investors. We came to the conclusion that despite any negative impacts on affordability, anyone interested in investing is still in the right position to achieve a maximum ROI on their 2018 investment property.