Matt Richling.com

One of the things I love about Westboro is the sense of community, which was very evident this past weekend while I walked around Westfest which was located at the feet of an exciting new condominium development. Westboro Station is developed by Bourk Family Developments and Morley Hoppner Group, and is going to add more of that community feeling to the area, which will make the area even more appealing. Barry J. Hobin & Associates were the chosen Architects for the 150 unit, two mid rise residential towers which pays homage to the old train station that stood in that same area (see below).

Phase One of the development is almost completed and speaking to owners who are about to take possession, you can tell the excitement level is very high. Being able to live in one of Barry Hobin’s buildings, is certainly something to be proud of. He has won many awards for his buildings and homes, and is referred to as Ottawa’s only “celebrity architect”.

Take a look at the current progress of Phase one of the Westboro Station development which I took over the weekend.

Phase Two of the Westboro Station development has yet to start construction so take a look at the plans below and the attached Specification Sheets, Floor Plans, and Price List. (Keep in mind that the plan below has north facing up and the bottom rendition has north facing down)

Westboro Station Phase Two Specification Sheet

Westboro Station Phase Two Price List *As of June 12th 2009*

Westboro Station Phase Two Floor Plans

As someone who spends many days in Westboro, I am very excited for this development to be completed! For more or updated information make sure to visit the sales center located at 416 Richmond Road.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

"Chateau & Locks" by viamoi on Flickr

What a crazy month it has been! The last six weeks have been very busy around the office and it is great to see the statistics agreeing. The begining of the year was slower, and then the market just took off. When I speak to other agents, we are all seeing multiple offers, under 14 day DOM (days on market), many buyers taking advantage of the low financing rates.

What does this mean?
Be prepared. Get pre-approved. Know yourself, and know what you want. Have full communication with your real estate agent and tell him/her what you are thinking. In this type of market I can (and will) get you what you tell us that you are looking for, but if you are not ready, or if it is truly not the right property for you, we need to know!
I can go farther on this topic (stay tuned, another post for sure!), but will stay on topic of statistics for today.

Coles Notes Version: Number of sales over last May is up 3.9 per cent, and a 19 per cent over April 2009. Average price for is up 5.3 per cent over last May and condo price rose 4.6 per cent over last May.

——–

Members of the Ottawa Real Estate Board sold 1,969 residential properties in May through the Board’s Multiple Listing Service® system compared with 1,896 in May 2008, an increase of 3.9 per cent. That number also represents a 19 per cent increase over the 1,594 sales recorded in April 2009.

Of those sales, 348 were in the condominium property class, while 1,621 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

“This was the best May on record for residential resale home sales in Ottawa,” said Board President Rick Snell. “Homes in every price range are selling well, from starter homes to luxury properties. Homebuyers and sellers are showing a lot of confidence in the Ottawa real estate market,” he added.

The average sale price of residential properties, including condominiums, sold in May in the Ottawa area was $312,045, an increase of 5.3 per cent over May 2008. The average sale price for a condominium-class property was $231,351, an increase of 4.6 per cent over May 2008. The average sale price of a residential-class property was $329,368, an increase of 4.7 per cent over May 2008. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.

For the full release visit the Ottawa Real Estate Board Website.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Once we have found the home you would like to purchase, we need to present the vendor (the seller) with an Offer to Purchase or an Agreement of Purchase and Sale. As your home is probably your biggest investment, it would be wise to work with your real estate agent and/or a lawyer in preparing your offer. Remember that the Offer to Purchase or Agreement of Purchase and Sale is a legal document and should be carefully prepared.

Any offer or agreement will typically include:

• Your legal name, the name of the vendor and the legal civic address of the property.
• The purchase price offered.
• The chattels that will be included in the purchase price (e.g.: window coverings, appliances or a satellite dish). Whatever items in or around the home that you think are included in the sale should be specifically stated in your offer (some of you might have heard me talk about “the Cat” being included).
• The amount of deposit.
• The closing day (date you take possession of the home)–usually 30 to 60 days from the date of agreement. It can also be 90 days or longer.
• Date when the offer becomes null and void.
• Any other conditions that go with the offer, including property inspection and approval of mortgage financing.

Below I have included a sample Agreement of Purchase and Sale (and one specifically used for condo’s), which is the same as one that I would prepare or use (This is actually from the Toronto Real Estate Board, but it is the exact same in Ottawa minus the little TREB logo in the top corner). The best part about these forms is that they breakdown and explain each and every clause, from lawyer speak to English. Especially when just starting out, I always recommend that my buyers read over and become comfortable with the offer before finding the property they love. This way when the time comes you are more prepared and we can focus better on the negotions.

Agreement of Purchase and Sale

Agreement of Purchase and Sale - Condominum

The process of making an offer, receiving a counteroffer and then revising it again is not uncommon. The whole process can seem like a roller coaster ride – exciting, but stressful. It’s all part of making the deal work best for you and the vendor.

Are you thinking about buying? We can sit down and talk about the process, your options, and the market. Contact me (click here) and let me know what I can do to help!

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Check out these update pictures I took for a Charlesfort development Hudson Park phase 2. It was great to see some of the character already coming out of the building, and will be great to see the finished project.

The development located at the corner of Kent at Lisgar and Nepean Street, will feature very strong New York art-deco elements. Check out the photos below.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Earlier last week I sat down with Alexander Jamie LeBlanc (or Jamie), one half of the team nicknamed “Ottawa’s designer guys”, to talk about the Alexander Crawford Design Boutique located at 1089 Somerset Street West and the interior design work they do for clients. If you are looking to add a little spice to your home or condo, these are the guys to talk to!

Matt: Tell me a little about yourselves!
AJ: Well we have told this story what feels like a hundred of times, Luc and I have worked independently for about 10 or 12 years and we didn’t even know each other. I have moved to Ottawa and was doing a design for a retail store, and by fluke was working in the store one afternoon. Someone had asked for help and turned out to one of Luc’s clients. As the story goes on, Luc’s client engaged both of us and didn’t give us a choice. Either you are going to work together or neither of you are going to work! It was forced, and that recommendation turned into another recommendation, and just kept going from there.

So you have experienced a little bit of growth since then?
We have grown from literally an 8 foot desk, to then last year being in the top three design firms in the city of Ottawa. We have brought the business from a hundred thousand a year to a few million a year. So we have significantly grown, now currently in our fourth year.

Tell us about some of your projects that you have done in the past…
Well we don’t like to brag about some of the big stuff because it dose not make some of the smaller stuff feel as special. But we do everything from hotels, to full condo developments like the one we just did for 101 Richmond Road. All of those condos are designer ready with designer finishes, also the lobby, theater, rooftop terrace.

What was one of your most memorable or oddest project that you have completed?
Hmmm that is a hard one. I would probably say the strip club. A pub style strip club. We have done an optometry clinic, one of my most favorite was Dr. Jill Taylor, right across from Tommy and Lefebvre on Bank St., it is very modern and is a favorite.

For the average person who is feeling the need for a little more, can they still hire you to redesign their condo?
Whether it is the 5 million dollar cottage we are doing right now, a 20 thousand square foot home we did last year or a its a 400 sq ft condo, the rules are the same. We charge for an initial consultation and by the hour after that. So everybody is on the same playing field, which makes working with us very easy. The largest hurdle is just getting us booked which right now is about a month in advance.

What are some of your goals?
Our goal right now is to have four or five little boutiques from here [1089 Somerset Street West] up to Richmond road.

We are sitting in one of your two boutiques right now, Alexander Crawford Design Boutique. What can people expect when they walk through the doors?
All of our stores are in fact boutiques, so people that come here can expect personalized service and have hired full time interior stylists to assist them. For the average client that is coming off of the street can still get educated response, not an answer from a sales clerk with no experience. They can come through here and flip through fabrics to pick their drapes or for a sofa and get the input from the interior stylists.

What about some of the furniture or pieces you carry and sell in the boutique?
A big thing to keep in mind is our price point. I like to use a decanter as an example, we sell one for $22 and we sell one for $225. When we do the purchasing for our nick naks (which there are a lot of) or for the furniture we try and cover everybody. We just introduced a new collection that Luc and I have worked on, called “My First Place. The My First Place goal is that no piece of furniture is over a thousand dollars. So you can get a full, Canadian made, lifetime warranty sofa for under a thousand dollars. Which normally would be an import or second grade, not like the life time warranty etc. But we also have five thousand dollar sofas, it is all depending on our clients and where their niche is. There is a piece of designer furniture here for everybody, no matter of their price point.

Tell me about your style.
Our style is best described as modern art deco. We both love art-deco which is very thirties feel, and we both really love modern so when you cross the paths, we are the result. With that being said, as designers we do not pigeon hole our work. I did not go to school and learn one particular design style, we do everything from transitional to traditional to contemporary to modern and our clients reflect that.

What is next?
I see us expanding the stores outside of Ottawa, and we are in talks with major television production companies. It is exciting!

What is one of your favorite places in Ottawa?
Hogs back falls!
(Luc popped in from working with a client)
Luc: I am from Ottawa and I cannot just pick one. I have always enjoyed the market because it is the most lively of Ottawa itself, also I find that the architecture of downtown also really does it for me.

For more information make sure to stop by the Boutique at 1089 Somerset Street West or visit:
http://www.crawfordalexanderboutique.com
http://www.designsby2.ca

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Night Scene in Ottawa - Taken by Robbie's Photo Art on Flickr

Yesterday, a deal that I had been working on fell through. Both sides could not come to an agreement, and decided that it was best not to continue. Although my client was initially unhappy with the outcome after investing her time and money to get where we had, she was very happy to realize things about the property now, before she had possibly taken ownership.

Okay so why are you telling us this Matt?

Because this situation happens, and most people do not prepare you to look at the facts. Regardless of the property type (income producing or not), there is a conditional phase (building inspection, due-diligence etc) where we take a closer look at the property and “dig a little deeper”. We try and take away the emotional side (”I really want it”) that we as buyers have, and bring in the “truth professionals” also known as the building inspector, lawyer, etc.  We pay them good money to look at the facts, and to give it to us straight.

My role in this, as an agent (some clients call me their secret agent, please feel free to do so as well) is to work with the other side to get you what you want. You want that lamp, alright let me see what I can do. You want that hole that a squirrel uses as the entrance to your home fixed before you move in, let me see what I can do. Keep in mind, both parties (buyer and seller) are both human beings. Both sides have goals, which most often are not financial, and are looking to have the other side provide it.

We (as in the team) are going to find things (some good some not so much), and nine times out of ten we can negotiate them into/around/out of the purchase. But sometimes at the end of the day there will be a fact that just can not be negotiated, or fixed about a property. We will do our best, but that deal might not be the one for you and we will have to understand that.

The great thing is that I will stay with you through this deal and the next. I will be there to help you find those squirrel holes and get them fixed.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Yesterday I was able to get some great shots of the progress of The Mondrian. What is great about these shots is that I was on the roof across the street, about the 14th floor. If you can’t tell, I am very excited to see the finished product!

Below is just a snippet of the view you will get facing south (well south east-ish) on about the 14th floor! Just spectacular.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Rideau Falls! Photo Credit to ViaMoi on Flickr

The monthly statistics were released by the Ottawa Real Estate Board (OREB) today and are showing a very positive vibe. Overall, we are seeing increases in price and sales which is a great sign.

Since this time last year, average prices have rose one percent in residential and 2.8 percent with condominium properties. Sales of both residential and condominium are also up a modest 2.2 percent over last year. Something that Rick Snell, the president of OREB mentioned in the news release below is that there are still multiple offer scenarios taking place. Many of you have heard me tell my story about the property that I showed to a client that sold within 48 hours for about $11,000 over asking price (at the 200k mark that is about 5%). Good properties are not lasting, and it is still important to have all of your “ducks in a row” when looking at homes.

You can read the full news release below.

Spring Market in full bloom in Ottawa

May 5, 2009 : Spring Market in full bloom in Ottawa

Members of the Ottawa Real Estate Board sold 1,594 residential properties in April through the Board’s Multiple Listing Service® system compared with 1,560 in April 2008, an increase of 2.2 per cent. There were 1,162 sales in March 2009

Of those sales, 323 were in the condominium property class, while 1,271 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.

“Spring is historically the busiest time in the Ottawa real estate market, and it is clear that this year is no exception. Out-of-town buyers as well as local buyers are taking advantage of the low interest rates and our stable real estate market,” said Board President Rick Snell.

“I’m hearing from Board members that some properties are even attracting multiple offers, which shows me the confidence buyers have in our market,” he added. The average price of residential properties, including condominiums, sold in April in the Ottawa area was $298,150, an increase of 1 per cent over April 2008. The average price for a condominium-class property was $216,502, an increase of 2.8 per cent over April 2008. The average price of a residential-class property was $318,900, an increase of 0.7 per cent over April 2008. The Board cautions that average price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average price is calculated based on the total dollar volume of all properties sold.

From the Ottawa Real Estate Board.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

I recently posted the first five steps that a home buyer would (or should) go through when purchasing a home. I called the first five as “the shopping” steps and the last five below as “the sale” steps. To find the first five steps GO HERE.

6) Preparing the Offer
Once we have narrowed down the homes, and you have found your perfect home we will prepare the Agreement of Purchase and Sale. We will sit down and evaluate the circumstances and comparables for this property and the neighborhood sales, along with your situation and what you are looking for. We will determine the dates, price, and clauses (terms and conditions) as well as plan the offer strategy (in person, through other agent etc.).

7) Negotiating the Offer
The offer is presented to the vendors. They will either accept, reject or counter the offer and it will go back and forth until an agreement has been met. Often it is not the price that is the “tough sell” it is dates, or timelines, or inclusions/exclusions etc.

8)Fulfilling the Conditions
Once the offer is accepted we will have a certain amount of time (usually 7-14 days maybe longer) to fulfill the conditions which we placed in the offer. These conditions could be upon financing (being approved for the mortgage), insurance (being approved for property insurance), home inspection (getting the “A-Okay” from the inspector), septic and water potability test for rural properties, or review of status certificate (in the case of condominiums). There could still be negotiations that take place before going firm (everything has been agreed and sold), if a major problem arises from the building inspection, both parties must agree on how to move forward ( price reduction, work being done, etc).

9) Firm Offer
Once the offer has been firmed up (all conditions met and agreed), I will forward all of the sale documents to your lawyer and financial institution.

10) Closing
CONGRATULATIONS! Today you get the keys to your new home. Generally do not expect to get the keys before mid afternoon as the lawyer rarely releases the keys before then.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Earlier last week I asked around Twitter and Facebook (add me!) for anyone that had a question about real estate that they would like to have answered. Below are the first three questions I was asked. Do you have a question - Ask me!

Kim P on Facebook asked - I am thinking about moving to Calgary, can you refer me to an agent out there?

Of course! Before I set you up with an agent that works in a specific area, I want to find out exactly what your needs are and get a better feel for the type of agent you would “mash” well with. Whenever I refer someone, it reflects back on me, so I will work extra hard to ensure that you are being taken care of!

Also it is good to note that I attend a high number of networking events that allow me to meet agents from all over the world specifically for this reason. To be able to help any of my clients that are moving, regardless if it is in Ottawa, Halifax, or a small remote town in Asia, I can and will be able to refer an agent.

mstrpln on Twitter asked - Where’s the best (and modest) neighborhood to move to in Ottawa?

I had a chuckle with this question. I would love to spit out an answer but I do not believe that there is a perfect answer to this question. Each client is going to be looking for different features in a neighborhood and will find different pros and cons that will matter to her/his family. This is where knowing what you want (see link to previous post) is important and will help you (and me) figure out what you might find to be modest compared to the next person (or even your significant other!). While one neighborhood might be seen as cheap and rough, the next person see’s as affordable and a great entry into the market.

spiche on Twitter asked - In your opinion, if buying new, where should we focus our money when upgrading to get the most return when we sell later on?

Great question and one I get asked often by clients who are buying new from builders. I like to start the answer with asking how long you are planning on staying at that home? If you are staying for a period of time that allows you to enjoy the property then take your preferences towards how you will use the property in high regard. For example, if you enjoy cooking and will spend many evenings cooking and entertaining, then spending money in the kitchen will not only benefit you as the home owner living in the unit for the next five years, but also benefit the buyer when you sell. If you

If your answer is more in the shorter time frame or you just don’t like the question, focus on your typical renovation areas - kitchen, bathrooms, flooring, basement (finishing the basement and bathroom).

Buyers are just like you (…they ARE you!)  and are for the most part, going to be looking for the same things you are. Not every home will work with every client, but if you are going to be investing upgrades into your general areas (kitchen, bathroom, flooring, basement etc) then feel asured. Want a more specific answer to your situation? - Ask me!

Do you have a question that you would like answered? Let me help you and help others by answering your question! Email me, Twitter me, or message me on Facebook.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Recently I have been getting more and more attention for the Video Tours that I have been putting together for my listings. When national real estate marketing blogs feature your work, it is a confirmation to keep doing what you are doing. I did not want to post this with the intent to “toot my own horn”, but rather remind those of you who have not had the chance to view them, the opportunity as well the explanation behind my reason for doing so.

I started doing actual video tours, because I felt that as a salesperson who sees the photos, listings, and visual tours for many properties on a daily basis - a real disconnection between the actual home and the marketing behind it. As a seller, you want your home to look the best and at the same time provide a true and real feeling for your home. As a buyer, you want to feel the flow before you step in the unit to see if it is in fact what you are looking for. On top of another feel of the property itself, the video is another avenue to attract buyers to the property being featured on more websites.

I still employ a professional real estate photographer to take the pictures of the listings, because they are experts at what they do and I could not emulate their work. Now I not only have professional photos and visual tours but also video tours which provide me a larger arsenal of marketing tools under my belt.

Check out two below and let me know what you think (make sure to watch in HQ!). Do you get a better or different feel for the property? Let me know in the comments!

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

The Ten Home Buying Steps... :)

As a home buyer, you have three main goals: to get the right home in the right neighborhood, at the best price possible – and with the least amount of stress! When working with a buyer agent, you benefit from having your best interests represented through the whole process. I decided to do a basic breakdown of the steps that one should go through when purchasing a home. I have split this list into two parts (”the shopping” and “the sale” steps) to make it a little easier of a read.

1) The Agency Relationship
This is where we sit down before even looking and start the relationship. We will go over the Buyer Agency Agreement and we will discuss how I as an agent get paid. This is also where you will receive the buyer package which has all of the maps for the area, and tons of information that you will find useful when dealing with mortgage brokers, lawyers and building inspectors.

2) Mortgage Pre-Approval
GET PRE-APPROVED! I cannot stress this enough. Too many people start looking before they have sat down with a mortgage professional and are just wasting their own time by looking. By understanding how much you can afford, you will be able to make a much better decision and when you find that perfect property, make a much stronger offer. It takes a large chunk of stress out of it, and you don’t risk disappointment when you are not approved after finding the perfect home.

3) Buyer Profile
This is the step where we sit down and talk about homes. I will try and find out your wants, needs, must-haves, and nice-to-haves in regards to features of the home. I will ask you when you prefer to move, where you would like to be and most importantly WHY do you want to move? Since we are now under agency law, you can feel confident in explaining your motivation behind moving, which would certainly help me when we are in the offer stage. By understanding that you need to move by a certain date because your current lease expires, or your son/daughter are going to be attending school in September etc, will help me tailor searches and represent you better when negotiating with the other party.

4) Computer Search
I will then go to my secret lab and find you the perfect home. Okay, not exactly, by using the criteria that we set in the above stage I will find and narrow down the homes that are available to match what you are looking for. I will send you the matched homes so that you can look in the comfort of your own home and can look at your own pace. At the same time I will place your search criteria into an auto-notification for new listings allowing you to see them before they are available for the public. They will get sent to your email again allowing you to view them at your own time.

5) Viewing Properties
This is where we get out and see first-hand, the matches that you have narrowed down. We will spend the time and visit the homes, and get a much better feel for each home. We will further narrow down the homes until we find the one that is perfect for you. We might even do a second showing on a property with other family members or friends, to ensure that there is enough living space for them when they visit during the holiday (it comes with home ownership - cant get out of this one).

Stay tuned for “the sale” portion of the home buying process.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

This was sent over to me from another agent in Toronto, who knew that I would just love to see and post about this. If you get a chance go grab this month’s copy of Canadian Business Magazine when you are in chapters. I will include my coles note version below.

- It is a buyers market, and great market for first time buyers entering the market.
- High end sales (+1 Million) are slow.
- Real Estate is STILL and will continue to be your best investment. Compared to stocks - On March 30th 09, the S&P/TSX composite index dropped 42% from its 52 week high, while real estate dropped only 11% since last may. (keep in mind this is the average across Canada, Ottawa has only dropped 3.3% since last feb)
- 48% of Canadians under the age of 35 plan to buy a home within two years (last year that number was 36%)
- Flipping homes in this market is not going to work, we still don’t really know what is going to happen.
- Rental markets are extremely strong, which are great for income producing real estate.
- There is also a chunk of the article on commercial real estate, so message me below if you would like to hear about that.

Check out the article and let me know what you think.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.