Sepehr Safaee YourOttawaRealEstate.com's blog

Navigating the complex landscape of real estate investment can be challenging, but one strategy consistently proves to be a game-changer: investing in pre-construction properties. 

This approach, which involves securing a property before its completion, offers a unique set of benefits that can yield impressive returns. With the potential to purchase properties at today's prices for tomorrow's market, investors can anticipate an average increase of 5% per year in property value.   

When we look at a purchase price of $750,000.00, a 5% annual increase in property value would equal...

Choosing between commercial and residential properties can be a complex decision for real estate investors. Here are the key pros and cons of each:

Commercial Properties:
Pros:

• Higher potential income due to longer lease agreements.
• Stable income stream due to the nature of commercial leases.
• Tenants often bear costs like property taxes and maintenance, reducing the investor's expenses.

Cons:

• Requires a larger initial investment.
• More sensitive to economic conditions, with the potential for higher vacancy rates and income loss during downturns.

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Investment properties can be a lucrative venture, but often require upgrades to maximize returns. While professional services are commonly used, many owners consider do-it-yourself (DIY) upgrades as a cost-effective alternative. However, is DIY always the best choice? 

Pros of DIY Upgrades

• Cost Savings: The primary advantage of DIY upgrades is potential cost savings. By eliminating labor costs, your renovation budget can stretch further, enabling more or higher-quality upgrades.
• Personal Satisfaction: DIY projects can offer a sense of accomplishment. If you enjoy...

If you have ever applied for social housing or a mortgage, or even tried to figure out your budget, you have probably come across this figure: 30 per cent. 

That's the often-touted maximum percentage of your income that you should spend on a home. But in an age where the average one-bedroom apartment in Vancouver rents for $2,787 a month, is that number still realistic? It depends on who you're asking. But generally, the answer is: sort of. 

"The benchmark doesn't apply anymore," said Credit Canada CEO Bruce Sellery by email. "Housing costs have increased dramatically,...

Insulation upgrades can significantly benefit small business owners and real estate investors by reducing energy costs, improving heating and cooling efficiency, and increasing property value. 

In my local market, Calgary, we are experiencing the lowest inventory levels since 2006, with absorption rates well over 100 per cent (less than a single month of inventory) in many segments.

This means every decent property listed at a reasonable price gets snapped up, often well over asking, which can obviously be super frustrating for buyers

For entrepreneurs, this is the age-old question: Is it better to buy an existing business or is it better to build one?

According to Canada.ca, small businesses are defined as those having one to ninety-nine employees. In Canada, 97.9% of all employers are small-business owners.

House flipping is a popular investment strategy in the real estate industry. The basic principle of house flipping is to buy a property, renovate or repair some parts of it, and then sell it for a higher price. Simply, house flippers try to buy low and sell high.

If you're considering a house flip in the near future, it's important that you understand the house flipping business well.

Ottawa renters saw a double-digit increase in the cost to rent an apartment in the capital to start the new year.

The February 2023 national rent report from Rentals.ca shows the average rent in Ottawa was $2,034 last month, up 11.5 per cent from January 2022.

The average rent in Ottawa was $1,584 for a bachelor apartment, $1,928 for a one-bedroom apartment, $2,249 for a two-bedroom apartment and $2,435 for a three-bedroom apartment.