Investing in commercial real estate offers diverse opportunities, each tailored to specific goals and market needs. Here’s a quick overview of the main types of commercial properties and their benefits:     1.    Land: Perfect for long-term investors, land investments focus on undeveloped plots with potential for future development or appreciation. With the right location and timing, this asset can yield substantial returns.     2.    Plazas: Retail centers generate reliable income by leasing spaces to businesses. Plazas in prime locations are particularly appealing for their stable cash flow potential.     3.    Multifamily Properties: Apartment buildings and similar properties offer consistent rental income, driven by strong housing demand. They’re a go-to…

Original Article Source Credits:   HGTV , https://www.hgtv.ca/

Article Written By:  Sharon Miki Chan

Original Article Posted on:  Feb. 15, 2021

Link to Original Article:  https://www.hgtv.ca/real-estate/blog/remodeling-trends-2021-rental-1945927/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Kaitlin Last

Original Article Posted on:  MARCH 15, 2021

Link to Original Article:  https://betterdwelling.com/canadian-real-estate-prices-rise-by-tens-of-thousands-just-last-month/

Original Article Source Credits: Financial Post, https://financialpost.com

Article Written By: Shelly Hagan

Original Article Posted on: Nov 02, 2020 

Link to Original Article: https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market

Original Article Source Credits:   Mortgage Broker News , https://www.mortgagebrokernews.ca/

Article Written By:  Ephraim Vecina

Original Article Posted on:  11 Sep 2020

Link to Original Article:  https://www.mortgagebrokernews.ca/news/stress-test-must-be-revised-to-reflect-market-realities--economist-333203.aspx

Original Article Source Credits:   HGTV , https://www.hgtv.ca/

Article Written By:  Doug Murray

Original Article Posted on:  September 5, 2020

Link to Original Article:  https://www.hgtv.ca/outdoors/photos/use-your-balcony-fall-and-winter-1941878/

Original Article Source Credits:   Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

Article Written By:  NA

Original Article Posted on:  September 9, 2020

Link to Original Article:  https://www.cmhc-schl.gc.ca/en/housing-observer-online/2020-housing-observer/augusts-canadian-housing-starts-increased

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  The Canadian Press

Original Article Posted on:  September 9, 2020

Link to Original Article:  https://www.advisor.ca/news/economic/bank-of-canada-holds-key-interest-rate-target/

Did you know that not all “A” products offered by major banks are the “ace products?” So if you’re looking for a mortgage getting one from schedule A lenders shouldn’t be your priority. After the introduction of B20 in 2011, and later the stress test rules in 2018, the mortgage industry has become more complicated than ever. A few years ago, we used to have straight-forward, limited options. But these days, even with the schedule A lenders such as charter banks, you might find various features or offers on the same product from different lenders.

Whether it’s our work schedule or social life, there is no denying that COVID-19 has turned our lives upside down. However, that doesn’t mean that you should stop planning for a prosperous future for you and your family, especially when it comes to purchasing a home.

Prepare Your Down-payment Account:

If your down-payment comes from your own savings, ensure that the source of all large deposits is trackable and tracible. According to the Anti-Money Laundering Act, all lenders in Canada are obliged to make an enquiry and do their due diligence to ensure that the source of down-payment is legitimate and clear. As a rule of thumb, they would ask you to provide a minimum three-month history from your savings account. If there is any large deposit into your account during that period, be prepared to provide some additional documentation to prove the source of it.

Securing a mortgage is getting increasingly challenging, which makes it best to hire a professional that can guide you through the entire process of applying for a pre-approval to collecting the house keys.

Regardless of whether you have set “financial improvement” as one of your resolutions for 2020 or not, it is vital to understand that everyone faces financial challenges from time to time. To overcome economic hardships that could force you to live from paycheck to paycheck or accumulate heaps of debt, it is vital to watch your cash flow and improve how you utilize your money.

When you consult with a mortgage broker, irrespective of your financial situation and credit score, they are likely to have a lender that is willing to work with you. A mortgage broker can do this because of the extensive network of lenders they have built and the knowledge they have acquired about each type of lender. 

When it comes to securing a mortgage for a new home, most homeowners turn to banks. However, bank representatives only show you mortgages available in their institution. Whereas when you work with a mortgage broker, they provide you with a wide range of products as they work with lenders, banks, insurance companies, etc. These professionals focus on your individual needs and have the negotiating power to get you the best deal.

Not everyone wants to buy an existing house as it may not appeal to their tastes and preferences. So, to meet their personal standards and lifelong dreams they may decide to construct a custom-made home. If you are of the same opinion, you’re probably wondering if there’s a specific loan or mortgage for building a house. Well, there is, it’s called a construction mortgage and works a bit differently from regular mortgage financing.

MassMortgageGroup.com wishes you and your family a happy and safe holiday season, and all the best for the New Year 2019!

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