Tag: Construction
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Bill 108- More Homes, More Choice Act: Implications for 3rd unit Garden Suites
By Andy Tran: Founder of Suite Additions If you’re not aware of “Bill 108, More Homes, More Choice Act, 2019”, it is an act which amends various statutes that will significantly change housing development in Ontario, and it received Royal Assent in 2019. It has very specific implications for housing intensification. And has some distinct…
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The Revival – May 2020: What a load of JUNK!
It’s been a busy few weeks!!! Thank you to my clients for their confidence, trust and referrals which have kept me so busy in this time where so much has stood still. I am very humbled and grateful. During this past week we closed two clients’ transactions. The first is a stunning church which will be transformed (by award…
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The Revival – Feb 2020: Problems need Solutions
As many of my clients and colleagues know, I think it’s sloppy to believe we can “read” someone else’s mind (although many attempt this daily by assuming they know what is going on in another’s head.) In the same vein, I am also no fan of what I call “future thinking“; this is guessing what…
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Plumbing Problems: Kitec
From OREA.com Kitec plumbing can cause problems Kitec plumbing is a type of pipe that is vulnerable to premature failure, and REALTORS® should be aware of this product, which may damage a home and result in costly repairs. The existence of Kitec plumbing can also expose REALTORS® to liability, since salespeople are required to take…
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Peterborough Project Progress
https://youtu.be/XdEgbTRghEI
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The Revival – Jan 2020: PROJECT REPORT
On December 19, 2019 we closed on another property in Peterborough, ONT. We purchased the property with a co-venture partner for $300,000. At the time of purchase the house was a 3 bed, 1 bath with living, dining and large kitchen. The home was in need of some love, but had solid bones and sat…
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Buying equity for easy recycling…
The first step to using the BRRRR method is to find a property that is priced well below market value. This way you are buying equity right from the beginning, which is one type of “payday”. Buying under market value though is very important at the time you decide to refinance an investment property; remember…
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Rising costs and Slowing hammers
With current construction costs creeping higher by 4-5% year-over-year, property prices are of course going to move higher. And justifiably, builders are going to pass down those increases onto us buyers. Strikingly though, these increases do not even include the increases to land values on which these structures are built on. So it should not…