Sepehr Safaee  YourOttawaRealEstate.com

Sepehr Safaee YourOttawaRealEstate.com

REALTOR®

KELLER WILLIAMS INTEGRITY REALTY, BROKERAGE

Mobile:
(613) 769-9302
Office:
(613) 829-1818
Email Me

Sepehr Safaee YourOttawaRealEstate.com

REALTOR®

KELLER WILLIAMS INTEGRITY REALTY, BROKERAGE

Mobile:
(613) 769-9302
Office:
(613) 829-1818
Email Me

Sepehr Safaee YourOttawaRealEstate.com's blog

As housing costs soar, some financial analysts advise to scrap the 30% rule

 

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,...

An Investor's Guide to Insulation Upgrades

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. 

Navigating a competitive market: 7 things to tell your stressed-out buyers

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

Is It Better To Buy Or Build?

 

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.

Is House Flipping Stressful?

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.

 

Here's how much it costs to rent an apartment in Ottawa

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.

New report reveals Canada’s average rent increase hit 11% in 2022

The annual rate of rent inflation in Canada remained in double digits for the eighth consecutive month in December, according to the latest rent report from Rentals.ca and Urbanation.

The average listed rent for all property types increased 12.2 per cent year-over-year to $2,005, an increase of $217 from the December 2021 average of $1,788. 

Day one of the vacant unit tax declaration leaves residents confused, angry and some offline

The online portal for Ottawa homeowners to declare their property status is now open as the city launches its new vacant unit tax.

All homeowners have until March 16 to declare whether all of their residential properties are occupied, even if the property is their principal residence, or face an additional 1 per cent of their property’s assessed value on their tax bill.

How to Make Your Home Safe for Senior Living

As there are a growing number of aged adults living independently, it’s ever important to be aware of the risks of daily living accidents such as falls and fire hazards and how to eliminate these to keep ourselves and loved ones safe. Whether a quick fix or a small renovation, the following are commonly recommended adjustments to help avoid potential risks.

 

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