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The real estate market continues to surge in Ontario. Ontario house prices continue to rise month over month. So what's next for real estate prices as we head towards 2022? Your guess would be as good as mine, but let's look at some real data and see if we can pick out any trends. Annual Change in Real Estate Prices - jeffgilbert.ca One of the largest contributing factors as to why sales prices have increased the way they have is the lack of available inventory/supply. In other words, there are not enough properties listed for sale to keep up with the demand. My favorite statistic to analyze this is known as months of inventory. Months of inventory takes an average rate of sales for an area and when you divide…

A question I receive all the time is, “How long on average will it take to rent my house/condo or apartment?” The best answer I can give is, it depends, but I promise to break it down and give you my best estimate at the bottom so keep on reading for the best answer to this often-asked question. It depends on a few different factors: Type of propertyLocationAsking rentProperty attributesTime of yearMarket conditions And in some cases, even more. Let’s break down a few of them in some more detail. Type of Property – In most larger centres, such as the area’s we cover, Barrie or Orillia, even Midland and Wasaga Beach to an extent, it is in most cases, quicker to rent a 1-bedroom apartment than it would be…

This article will show you how mortgage rates in 2021 considerably help home owners build more equity than in years past. Has anyone ever told you that the majority of your mortgage payments that are made in the first few years go towards paying down the interest, with very little actually going towards paying down the principal balance? If you have heard this, chances are the person saying this knew and perhaps experienced mortgage rates in the 1980's and 1990's. In the 1980's and 1990's, higher mortgage rates meant that very little equity was paid off during the first few years of the mortgage. Low interest rates today mean that a greater share of your first mortgage payments actually go toward paying off the principal balance of your mortgage which…

How can you rent out your investment property and avoid the problematic, bad tenants? That is exactly what we are going to discuss right here, right now. The Top 5 Ways To Avoid a Problematic, Bad Tenant. I have been managing investment properties and tenants since 2015, and in that time I have developed the necessary systems to avoid those problematic, bad tenants, or at least to minimize the risk of renting to a problematic tenant. You can never fully guarantee success, but this methodology would see a high probability of success in renting out investment properties. What is a bad/ problem tenant? In my opinion, a bad tenant is someone who first and foremost, does not pay their monthly rent. Among other things, this one being the biggest aspect.…

Happy to share my latest review from clients who recently purchased an investment property. “ Jeff Gilbert is extremely attentive and responsive. His knowledge of the market and the area gave us comfort and reassured us that we had the right information when making our decisions.My wife and I only have the best things to say about Jeff. It took us about a year and a half to finally close on our investment property and Jeff was always patient and attentive during the entire process. We were never pressured and we never felt rushed. During the entire process and multiple bids, we always felt Jeff had our best interest in mind. Overall we had a great experience and would recommend Jeff to anyone looking to purchase or lease property in…

If you are following the housing market in central Ontario or really, anywhere in Canada in 2021, you may often hear people citing "Inventory is so low" and they would not be wrong. What does that mean anyways? Basically, there is not enough "Active Listings" available in the housing market and because of the lack of supply/inventory prices have been increasing at a very rapid pace. Supply and demand. So what is the root cause of this lack of supply you might ask? Is it because of Covid-19 and the fact the on going health crisis is deterring people from listing their properties for sale? Could be.... To figure this out, I went and looked at the data for the local housing market that I cover on a day to…