real estate latest news Archives

Green New Deal Boosts Appeal of New Build Investments

10/05/2023dansa

Investing in new-build property has traditionally been a popular form of property investment due to the range of benefits it can offer – this has seen many investors purchase off-plan (before the house is completed) as a means of maximizing their potential gains.

The push towards making homes energy efficient in recent years has heightened the incentive to invest in new-build properties, as tenants wish to keep their energy bills down. As a result, this has seen increased demand for such properties.

In turn, new-build properties also tend to boast higher EPC (energy performance certificate) ratings of an A or B compared to the current UK housing stock which averages out at an D.

With recent government regulations expected to make all homes in the private rented sector a C rating minimum, it can be said that new-build investors will save significant figures in not having to perform extensive maintenance required in boosting their EPC rating.

It is also worth highlighting that 72% of renters aged 18 to 34 always check the energy rating of a home before renting, with many adding that they would not choose to live in a property with an EPC rating of D or below.

Lethbridge commercial real estate market bump expected in 2023: Report – Lethbridge

23/02/2023dansa

The makeup of Lethbridge’s downtown business community is constantly shifting.

“We see businesses go, but we also see a lot of new businesses come in,” said Sarah Amies, executive director of the Downtown Lethbridge Business Revitalization Zone (BRZ.)

“Folks relocate from other areas and come in to the downtown because they enjoy the vibe down here.”

There could soon be some new movement across the city.

An Avison Young report shows the local commercial real estate market is in a “holding pattern,” but that’s expected to change.

With new developments ongoing or close to completion, Avison Young’s managing director of its Lethbridge office, Doug Mereska, is optimistic.

Canada’s Luxury Real Estate Market Is Still Going Strong & Here’s How Much People Are Paying

13/02/2023dansa

With inflation and rising interest rates, it’s probably no surprise that Canadian house prices are predicted to fall in 2023.

However, it looks like one sector isn’t being affected all too much.

According to the latest report by real estate brand Engel & Volkers, Canada’s luxury real estate market is thriving. Yup, even in this market.

The company’s 2022 Year-End Luxury Real Estate Market report found that while rising interest rates had “triggered market normalization,” many luxury markets are holding their value.

In Halifax, for example, the luxury real estate market actually grew in 2022. In 2021, homes priced over 1 million accounted for 2.6% of all units sold, which grew to 4.6% in 2022.

Moreover, the number of condos sold, which were priced between $1 and $3.99 million also increased, from 13 in 2021 to 20 in 2022.

In Montreal, sales volume dipped by 55% in the second half of 2022. However, despite this, the provinces saw the prices for all property types combined hold in the $1 million to $3.99 million range.

Ottawa’s $1 million-plus market saw year-over-year growth in sales volume.

In Toronto, the sales volume of condos priced between $1 – $3.99 million went up by

Slow sales, hard scrabble in Toronto real estate

03/02/2023dansa

The Toronto Regional Real Estate Board tallied 75,140 sales through its Multiple Listing Service for all of 2022, 38.2 per cent below the 121,639 transactions seen in 2021.Mitch Fain/Mitch Fain

The real estate market in Toronto, Ottawa and many Ontario cities is off to a slow start in January with thin inventory, jittery buyers and Bay Street predicting another interest-rate hike.

John Lusink, president of Right at Home Realty Inc. and Property.ca, says the market is more balanced between buyers and sellers at the moment but also complicated and unpredictable.

“It’s going to be a tough year,” he says.

The executive says listings are typically low in the first half of January and this year is in line with the trend. In the second week of January, his firm’s inventory stood at 1,884 listings across its 14 offices.

That compares with only 1,100 at the start of January last year when “fear of missing out” among buyers saw properties snapped up quickly.

“We aren’t seeing a surge of inventory,” he says, adding that many of the listings he sees coming on now are properties that did not sell in the fall.

For all of 2022, the Toronto Regional Real

8 Practical Tips to Maximize Efficiency in Real Estate Investing

02/02/2023dansa

The real estate world is highly competitive, so those who pursue real estate investing must work hard to stay on top of their game. News events, market shifts, financial technology, and a host of outside factors can change the investment terrain, it seems overnight.

Real estate investing also offers investors tax benefits. Investors can take advantage of depreciation deductions and capital gains exemptions, which can provide a significant tax advantage. Additionally, investors can use a 1031 exchange to defer capital gains taxes on the sale of a property by investing the proceeds in a new property.

Done right, real estate investing can be (and often is) an incredibly lucrative endeavor. However, making a career in real estate that is sustainable and consistently profitable is also a complex and time-consuming process. Maximizing your efficiency is essential to ensure you get the most out of your investments, especially if you are working as a team of one.

Listed below are eight practical tips to help you do just that. These tips will help you get the most out of your real estate investments, from creating a well-defined investment strategy to taking advantage of automation tools.

Whether your preferred niche is in the

How to Invest £30k – The Best Ways to Invest £30k in 2023

31/01/2023dansa

One of the most traditionally popular investment options, stocks remain a prevalent way to invest in 2023.

The stock market allows you to buy shares, or fractions of ownership, in companies so you can earn returns based on how they perform financially.

The more stocks in a company you own, the larger your stake of ownership is and the more profit you will make from your portfolio. For example, if a company had 1,000 shares and an investor owned 100 of them, then that investor would own 10% of the company and be entitled to 10% of the company’s profits.

As you earn money based on how companies perform, if their fortunes take a turn for the worse, then so will yours.

There are thousands of companies you can invest in on the stock market, meaning this is a good option if you want to diversify your portfolio.

Having a diversified portfolio means spreading your money around multiple forms of investment.

This is a good way of investing, as if one of your investments fails then you will not lose as much money, which is helpful for those with lower risk tolerances.

Some of the most popular stocks for beginner

Edmonton real estate market predicted to slow down to pre-pandemic levels this year

24/01/2023dansa

The Realtors Association of Edmonton is predicting the market will “normalize” this year to levels not seen since before the pandemic.

Sales, listings, and prices are expected to drop across all property types, Melanie Boles, RAE chair said, which will bring them in line with 2019 levels and previous years.

“When compared to long-term trends, 2023 will still be a strong year,” Boles said in a statement.

The association held its annual housing forecast event Wednesday, where real estate agents and prospective home buyers and sellers can grasp market predictions.

According to the predictions for 2023, the market is expected to be balanced due to nearly equal supply and demand levels.

The report notes an increase in demand for apartments and condos, an increase in luxury real estate, and an influx of out-of-province residents.

The forecast shows detached home prices are expected to drop 2.9 per cent year-over-year.

Semi-detached homes are predicted to see a price drop of 2.4 per cent and for row and townhouses – a 1.4 per cent decrease is expected

The RAE is predicting a 1.1 per cent decrease in average price for apartments and condos compared to last year.

Boles said that compared to long-term

Missing DC real estate exec Ana Walshe owned multiple properties worth at least $1.88 million

21/01/2023dansa

A search of property records reveals that Ana Walshe had a valuable real estate portfolio and that she sold one property shortly before she disappeared.

Walshe owned at least four residential properties, according to publicly available property assessment records and tax records in Massachusetts, Maryland and Washington, DC, where she worked for a real estate firm. Her husband, Brian Walshe, is not listed as owner or co-owner of any of the properties.

Those properties include two apartments in Lynn, Massachusetts, a rowhouse in Baltimore, and a 2,500-square-foot home in DC.

At the time of her disappearance, Ana Walshe, whose husband was charged with her murder and in jail without bail, had a real estate portfolio worth nearly $2 million, according to CNN’s analysis of publicly available documents.

Ana Walshe sold at least two properties since March 2022, including one just days before her disappearance.

In March, she sold a home in Cohasset, Massachusetts, for nearly $1.4 million and purchased a home in DC for $1.3 million.

Since 2018, she sold at least four properties worth