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Yasir Khan's blog
What to Expect When Adding a Swimming Pool to Your Home
The pandemic prompted a renewed focus on relaxation and recreation at home, making luxuries such as a large backyard, nice deck and a swimming pool highly sought-after on the real estate market. These outdoor features turn your home into a summer oasis during the warmer months. While there’s nothing wrong with wanting to make additions to your home, it is essential to consider the pros and cons of adding an expensive luxury item, like a pool.
How Much Does It Cost to Build a House in Canada (2022)?
Buying a Home with Tenants in Ontario
You have found the ideal home. It could be the home you want to live in or one you’re hoping to use as an income property. It could be a condo, house or duplex. There’s just one issue – there are renters already living there. What do you do with the existing tenants? Buying a home with tenants is a unique scenario. The transaction goes beyond the typical buyer and seller arrangement. It can be an especially complicated scenario for the buyer.
How Will Higher Interest Rates Impact My Mortgage?
How will higher interest rates impact my mortgage?
Making Home Renovation Tax Credits Work for You
Home renovation projects have become quite common throughout the Canadian real estate market. Whether because people are staying home more now or they want to be more environmentally friendly, people are jumping on the renovation bandwagon.
Capital Gains Tax on Homes, a Step too Far
In February, the red-hot housing market warmed up Canada’s frigid temperatures. The immediate future might not be certain, but public policymakers are exploring a series of tools to cool off the real estate market that has been soaring since the early days of the coronavirus pandemic, and before that. One of these ideas is a capital gains tax on home sales.
Canadian Real Estate May Stabilize With Higher Interest Rates
Interest rate increases at a reasonable schedule of four times a year would create a stable and more relaxed environment for Canada real estate over the next five years
These “Small” Canadian Real Estate Markets Are Booming
Liveability in small Canadian real estate markets eclipses relative affordability
Price growth expected in all small markets analyzed, with average increases ranging from 3% to 20% in some areas
Ways to Reduce Your House Insurance Premiums
House insurance is critical. However, it is an added cost that sometimes people forget about when purchasing a home. While it isn’t necessarily against the law in Canada to not have home insurance when you own a home, most if not all financial institutions and lenders will ask for proof of insurance before approving your mortgage and allowing you to close on your house.
AVERAGE GTA HOME PRICE HOVERS AT $1.3M
TORONTO, ONTARIO, April 5, 2022 – There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the regular seasonal trend.