rental - Appartement de Ville

15/08/2024

How to Buy a Rental Property: Step-by-Step Guide

You can also have the property surveyed or valued by an independent surveyor, and it is strongly advisable, especially if you buy a resale property. Ask for your lawyer’s registration number and check that they are registered and practicing with the local bar association . In the end, there is always more than one ideal property, and if you really do want to make sure that you’re doing the right thing. Remember that you will never get the best exchange rate from your bank. Look at the currency specialists out there, speak to them about your euro transfers and how to get the best transfer and exchange deals.

Buying a House

You can also find out how much you can afford with a home affordability calculator. Another important cost to factor into your budget is closing costs, which are typically 2%-5% of the purchase price. FHA standards do allow for borrowers with credit …

02/05/2024

Rental housing investor Starlight hit by rising real estate supply in U.S., compounding pain from higher rates

One of Canada’s largest owners of apartment buildings and multifamily properties is struggling to turn around two funds that bet on U.S. rental housing, with higher rates and an oversupply of new units eating into profits.

Starlight Investments, run by Canadian real estate magnate Daniel Drimmer, launched two funds that invested in U.S. rental properties during the COVID-19 pandemic with hopes that rising rents and low interest rates would keep sending property values soaring.

By November, 2022, however, the two publicly traded funds, known as the Starlight U.S. Residential Fund and the Starlight U.S. Multi-Family (No. 2) Core Plus Fund, faced some significant headwinds, and both halted their distributions because higher interest rates had sent their mortgage costs soaring.

The pain has only worsened since, and this week both funds reported negative funds from operations in 2023, which is a measure of profit for real estate investment funds. Not only

…

19/01/2024

How to Invest in Rental Property

If you’ve been embroiled in a disagreement with a coworker or have been dealing with a tough family situation, this dream could imply that you’re nearing the end of these stressful times. So, be ready to experience that sense of achievement and satisfaction in your real life too. Be it a wedding in the family or a reunion with old friends, a dream of buying a house meaning may lie in the anticipation of such happy events. Imagine the happiness that follows when you finally find your dream house after searching for a while. This dream might be implying a similar emotion related to an upcoming event. In your dream, if you find yourself inspecting different parts of the house, it could be your mind’s way of analysing the forthcoming changes.

As you maintain regular mortgage payments, your credit score will increase over time. Of course, your credit score will …

07/12/2023

Real estate investment startup Willow.ca acquired by rental platform Guiker

Majority of Willow’s team “offboarded” prior to acquisition, CEO to join Guiker.

Toronto-based proptech startup Willow.ca, which offers a fractional real estate investment platform, has been acquired by Montréal-based rental platform Guiker for an undisclosed amount.

Following the acquisition, which closed last week, Willow.ca’s platform features have been replicated on Guiker’s platform. In a statement sent to BetaKit, Guiker CEO Nan Hao said all of Willow.ca’s existing users have been migrated to Guiker

“With the acquisition of Willow.ca, we can transform rental activity into investment opportunities, driving up ROI as our user base continues to expand.”

Nan Hao

Willow.ca CEO Logan Yergens will stay on at Guiker as chief compliance officer to ensure the platform is compliant with OSC regulations. Hao said most of Willow.ca’s team was “offboarded” prior to the acquisition, adding that the deal was “mostly for [Willow.ca’s] license and clientbase.”

Though founded in 2019, Willow.ca

…

23/10/202323/10/2023

Okanagan’s real estate listings could increase after new short-term rental rules – Okanagan

Jack Mendes is already contemplating what he will do with his short term rental unit in downtown Kelowna, B.C., if new legislation prohibits him from renting it to vacationers four months out of the year.

“I am positive that I will sell it,” Mendes told Global news. “Right now, we do long-term rentals in the winter for students. And then for the four months of summer, we have short-term rentals.”

Mendes believes many others, who got into the short-term rental market to make an income, will do the same as him.

“They’re not going to put these into long-term rentals because you can’t make any money on this kind of investment on getting market rents,” Mendes said.

On Monday, the provincial government announced that as of May 1, short-term rentals would not be allowed in secondary homes — only the host’s principal residence — to free up more housing options

…