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Real eState
How to launch your real estate side hustle – Financial Post
With home prices rising, the race is on to see who will get those commissions
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Real estate can be a great side hustle and fantastic full-time career for those who are true masters. It’s one of those industries that’s always there, drawing successful agents from an endless variety of backgrounds. Naturally, there were a lot fewer showings and in-person opportunities throughout the pandemic. Now that things seem to be on the up and up, it’s a great time to pick your real estate side hustle back up.
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On top of the opening up of things, there’s also money to make, as the average housing price in Canada rose over $100,000 from 2020 to 2021. To get on the train while prices keep rising, you can brush up on any past studies or books you have, or you can opt for a more proactive approach by securing a modern, refreshed collection of courses and content on real estate in today’s day and age.
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Finding an accountable source of intel on the world of real estate can be tough, especially with such a variety of articles, guides and hidden advertisements out there. If you want to do your due diligence, you may consider a proven e-learning provider.
For example, The 2022 Fundamentals of Real Estate Investment Bundle is on sale for just $31.99 for a limited time. It features eight courses on the fundamentals of real estate, pre-investing, how to analyze a wholesale deal and much more. You can acquire professional investment techniques, a background in residential and commercial properties, and a lot more context for the industry with this bundle.
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There’s never been a better time to get into Canadian real estate
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Canada’s real estate market may soon lose the blind bidding practice
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Canada’s housing market boom has caused the average net worth to surge
Prices subject to change.
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Real eState
Mortgage rule changes will help spark demand, but supply is ‘core’ issue: economist
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
The Canadian Press. All rights reserved.
Real eState
National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
The Canadian Press. All rights reserved.
Real eState
Two Quebec real estate brokers suspended for using fake bids to drive up prices
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
The Canadian Press. All rights reserved.
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