More than a quarter of Canadians have plans to purchase an investment property in the next five years according to a new survey from Royal LePage, while high interest rates have some real estate investors thinking about selling.
The survey, conducted by Leger, found that 26% of respondents said they are likely to buy an investment property within five years. Eleven per cent of Canadians currently own an investment property, and just over half of those investors said they planned to buy another within five years.
Canadian cities will see slow growth throughout 2023 as higher borrowing costs and inflation continue to affect local economies, according to research by the Conference Board of Canada.
“Major cities across Canada have largely recovered from the impacts of the pandemic, but new challenges are on the horizon,” said Jane McIntyre, principal economist at the Conference Board of Canada.
"Reduced consumer confidence across most of the country, inflation, and constricted labour markets will hamper growth in most cities."
Many prospective and current homeowners are familiar with the best qualities of real estate agents – for example, physically attractive, fun, and drive nice cars.
However, I think it is more important to identify bad realtors so you can avoid working with them. Therefore, for the final article of our Special Report on Real Estate, I spent dozens of minutes researching and compiling the Top 10 Signs You Are Working with the Wrong Realtor:
10. She insists that you pay for the limousine that takes you on the pub crawl between showings.
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