August-2024-Market-Update

Here's the latest for Edmonton!    Mortgage News   The BoC has cut it’s rate by a further 25 basis points just recently on September 4, making it a third consecutive move to bring rates lower.    This means its trendsetting rate now sits at 4.25%.   What does this mean for all of us? Variable rate

Should you Renovate before selling? & Budget-Friendly Home Renovation & Repair Ideas

Should You Renovate Before Selling? Here's What You Need to Know We often get asked whether homeowners should renovate before listing their property. The answer? It depends! Let’s break down why strategic renovations can help sell your home faster and potentially for more money. Buyers Want Move-In

Cap Rates Vs. Interest Rates - 'Negative Leverage?'

August 14, 2024 We sourced this from a reknown Multi-Family Investment Real Estate Agent, Chris Davies with RE/MAX Commercial Capital. To give some perspective on the Opportunities out there. Many investors find the opportunity lies in the current proforma. However, in entrpreneurship, the opportun

Renovation, But No Permits!

Written by Barry McGuire, Field Law Renovation, But No Permits! I received this question from a listing Realtor. I have some potential listing clients who want to put a rental on the market (SFH). They did a bunch of renovations to add a basement suite about six years ago. They hired electr