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Expert advice, market reports, and tips from the Niagara Region real estate professionals.
Spring is one of the busiest seasons in the real estate market, with buyers eager to find their dream home before summer.
Kids do it. Athletes do it. Olympians do it as well! When they have finished a challenging task. Accomplished something extraordinary. As they stand in the spotlight, they extend their arms out and wait for the applause. It’s their ‘Ta-Da’ moment. Their moment of recognition. It’s the reason movies have Oscar’s; television has Emmy’s. Olympics have gold, silver and bronze medallions. The list goes on.
Whether we are tracking unit sales or average sale price, there is a trend that seems to happen, year after year, provided no extreme external pressures are being applied. And that is up in the spring and down in the fall.
In our money machine seminars and as investors, the bulk of our attention has been focused on residential real estate investment. It’s the easiest to acquire, the easiest to finance and generally speaking the easiest to rent out and keep rented. After all, regardless of the economy we find ourselves in, people always need a roof over their heads. So, while in tough economic times, when many businesses are struggling, you might see a lot of ‘for lease’ signs on strip plazas and retail outlets, that’s not typically the case with houses and apartment units.
Improving your financial health is essential for long-term stability and peace of mind.
On Wednesday, March 5th, RE/MAX Garden City Realty Inc. celebrated International Women's Day with a powerful event at our St. Catharines office training room. The Empowering Women in Real Estate panel was a great success, bringing together agents at all career stages to hear from our esteemed panel of female real estate professionals. The packed room buzzed with excitement as attendees gathered to learn valuable insights and strategies for success in today’s competitive real estate market.
Interestingly, the limitation period can be affected by partial payments or acknowledgements of the debt. Under section 13(11) of the Limitations Act, a part payment or written acknowledgement of the debt can restart the two-year limitation period. For instance, if a debtor makes a partial payment towards a debt within the original two-year limitation period, this payment is treated as an acknowledgement of liability. This action effectively restarts the two-year clock from the date of the partial payment.
Buy one property a year for ten years. Never amortize for more than 15 years. Never sell. That in a nutshell is the basis of The Money Machine Seminar. I first rolled that seminar out in 1989. Unlike today, nobody was doing real estate investment seminars back then. Today with all the ‘nothing down’ ‘get rich quick’ schemes out there, people are jaded when it comes to courses on real estate investment. But back 36 years ago the room was packed.
I think most people have the best intentions when it comes to their life. To their future. We determine January 1st that this is the year we are going to get fit. To lose weight. To take that dream vacation. But somehow life gets in the way and by mid-February, we’ve lost sight of those goals. It’s been said, if you fail to plan, you plan to fail. And I think that’s at the heart of the problem. We have goals in mind. But we have no clear path on how to get there. And without a systematic plan, we make little progress.
Now that we are well into the start of 2025, it’s a great time to re-assess your personal goals and resolutions you made back in January. Your home and finances are key areas where small, intentional changes can lead to big improvements in security, stability, and quality of life.