Is real estate a good investment?
Real estate is traditionally a sound and profitable investment offering both rental income and capital gains. If you're thinking about acquiring an income property, I've got some ideas for you. Call me today and let's discuss and take a look at some Investment properties.
Being a Landlord
How do I start being a landlord?
Whether you have a small apartment in your basement or own a large high-rise, as a landlord you are subject to rules and regulations that define your responsibilities and what you can and cannot do.
Since each province and territory has its own landlord and tenant legislation, make sure you know the rules and regulations that apply to your province (there are some surprising differences). The collection of Provincial and Territorial Fact Sheets is great reference material to get you started. You can also look for books, booklets, and guides published for new landlords (since legislation can change, make sure that the publication is up to date).
*It is also advisable to get some expert legal advice. This is a specialized area of law, so make sure you consult a specialist.*
What residential rental properties qualify for financing?
Most financial institutions will finance the following investment property purchases:
- Rental properties, such as apartment buildings
- Retirement homes
- Nursing homes
- Mixed-use properties, such as apartments with commercial spaces
- Other forms of co-ownership (such as co-op, co-housing, undivided interest, and life lease)
The Canada Mortgage and Housing Corporation (CMHC) is Canada's leading provider of mortgage loan insurance for multi-unit residential buildings. With CMHC-insured loans, borrowers can obtain mortgage financing up to 85% of the value of the property without a maximum dollar amount and therefore reduce the amount of equity needed.
For additional information about purchasing and financing an investment property, Call Lisa Tollis Today! (905) 574-4600 for all your real estate needs. I'm here to help you!
Recreational Properties How do I find properties outside of the city?
A recreational property is your escape from the hustle and bustle of everyday life – a place to relax and enjoy nature with family and friends.
Whether it is a chalet in the mountains, a cottage by the lake, or a villa by the ocean, Canadians can choose from some of the best recreational properties in the world.
Let Lisa Tollis help you find the ideal getaway for you and your family.
Call Lisa Today! at 905 574-4600
Recreational Property Report
How can I learn more about the recreational property market?
The 2006 Royal LePage Recreational Property Report combines a poll of cottage/chalet owner and buyer attitudes with a market analysis of trends, activity and prices in recreational property markets in Canada.
This year’s exciting report examines the high prices that Canadians are willing to pay for recreational properties in Canada. Among some of the most interesting findings:
- Twenty-four per cent of Canadians planning to buy a recreational
- property are willing to spend more on their recreational property than on their primary residence.
- Market conditions unlikely to ease anytime soon as there will be seven prospective cottage/recreational property purchasers for every two cottage owners that plan to sell their property within the next three years.
- Seventy-eight per cent of Canadians who are likely or planning to buy in the next three years are under 49 years old.
- Properties on the waterfront, with a mature lot and large dock are the most coveted.
For further details on the recreational property market in your area, see the full reports below:
For The Recreational Guide
What is Hydraulic Fracturing?
This half century-old technology is used in oil and natural gas production. This technique allows oil or natural gas to move more freely from the rock pores where they are trapped to a producing well that can bring the oil or gas to the surface.
After a well is drilled into a reservoir rock that contains oil, natural gas, and water, every effort is made to maximize the production of oil and gas. One way to improve or maximize the flow of fluids to the well is to connect many pre-existing fractures and flow pathways in the reservoir rock with a larger fracture. This larger, man-made fracture starts at the well and extends out into the reservoir rock for as much as several hundred feet. The man-made or hydraulic fracture is formed when a fluid is pumped down the well at high pressures for short periods of time (hours). The high pressure fluid (usually water with some specialty high viscosity fluid additives) exceeds the rock strength and opens a fracture in the rock. A propping agent, usually sand carried by the high viscosity additives, is pumped into the fractures to keep them from closing when the pumping pressure is released. The high viscosity fluid becomes a lower viscosity fluid after a short period of time. Both the injected water and the now low viscosity fluids travel back through the man-made fracture to the well and up to the surface.
Hydro-fracturingwithin the water well industry
GLOBAL WARMING will be the largest single problem confronting our water supplies in the coming years. If you are having water problems with your drilled well today you can expect that they will only get worse in the years to come. Well fracturing can help solve low-producing or dry well problems.
HYDRO FRACTURING is the process of using water under extreme pressure to break away the blockages that are preventing an underground water source from flowing freely into a well. With years of proven success in the oil fields this is not a new technology. What is new within the last 20 years is the application of hydro fracturing within the water well industry. High-pressure machines fracture the underground rock and open up the already existing fissures in the rock allowing water to freely flow into your well.
MODERN MACHINES capable of producing thousands of pounds pressure per square inch (psi) and pumping hundreds of gallons per minute (gpm) create extremely high pressures in the well, which increases the likelihood of opening blocked water veins and producing a higher output well. By fracturing an existing drilled well, water flow can be improved even in the hole is considered dry, or has gone dry after many productive years.
THE COST OF DRILLING a new well can be considerable with no guarantee of success. Fracturing an existing well is less disruptive and less expensive; and with a reported success rate of 99% in the 50' to 300' depth, well fracturing can help homeowners avoid unnecessary costs.
WATER QUALITY can be improved by isolating the areas where good water is located. For example if salt or sulphur are found at the bottom of a well, the lower area can be plugged and a fracture created above, where better quality water is located.
PROFESSIONAL OPERATORS are licensed by the Ministry of The Environment.
Pine Veau Fracturing
courtesy: Gil Strachan, Electrospec.
Information is deemed to be correct but not guaranteed.