Real Estate Insider: November 2024 - Lalovich Real Estate Skip to Main Content

Real Estate Insider: November 2024

Posted on November 21st 2024 by Lalovich

Welcome back, Real Estate Insiders! This month, we’ll see how weather and natural disasters play their part in real estate risk. We’ll also examine if Millennials will hit the lotto with their inheritance, how the mortgage stress test works, and the ongoing debate: owning versus renting, plus so much more! If you haven’t signed up to our newsletters SUBSCRIBE NOW to receive insider updates, tips and advice, the hottest YQG listings, and so much more to keep you informed throughout the month. Let’s dive in!

The “Jackpot” Generation – Did Millennials Hit the Lotto With Their Inheritance?

If Millennials are one thing, they’re lucky. Read the details about how many from this generation will be receiving hefty inheritance funds from the Baby Boomers. 

Read: The Jackpot Generation

Looking to Purchase Investment Properties in the US?

Here is a quick breakdown on how to structure your US Real Estate investments and how to take advantage of the 1031 exchange.

Read: Best Structure to Purchase Investment Properties in the United States

The Ultimate Question: What is the Biggest Risk in Real Estate?

While everyone knows there are inevitably going to be risks in Real Estate, some are more important to consider than others. Read about the how weather and natural disasters play their parts in these risks.

Read: The Biggest Risk in Real Estate

The Scoop with Commission

Read about how the federal competition watchdog continues to take the proper steps in investigations to ensure Real Estate sales commission is paid fairly. 

Read: Watchdog Probes Suspected Anti-Competitive Policies by Largest Real Estate Association

The Debate Continues: Owning vs. Renting

This has been a back and forth discussion for as long as we can remember. Ultimately, it continues to remain subjective. While they have their obvious differences, the main argument remains to be if they are financially comparable. Does owning guarantee happiness? Absolutely not. It will always come down to personal preference! Watch this video that goes over the logistics, pros, and cons of each. Gain some insight and perhaps even a different perspective.

Watch: No… Homeowners Are NOT Happier than Renters

Will Homes Become More Affordable in Windsor-Essex? If so, it’s About Darn Time!

Read about measures the province of Ontario as well as the city of Windsor are taking to try to keep home prices low across the board, as well as some new housing plans and renting programs being implemented.

Read: Housing Affordability: What Does it Mean for Windsor-Essex?

Bought and Paid for – Many Windsor Residents are Living Mortgage Free

Did you know that Windsor has the fifth highest rate of mortgage-free homeowners in Canada? Find out more below!

Read: Windsor in Top 5 of Mortgage-Free Homeowners in Canada

Call us Jeff Bezos

While Canada still remains in a housing crisis, read here to find out how the federal government could potentially save money for Canadians if they implemented these various different strategies.

Read: One Simple Way the Federal Government Could Save Canadaian Homeowners $2 Billion a Year

The Mortgage Stress Test 101

Ever wondered what exactly the mortgage stress test is or how it works? Read below to find out the details on this ever-changing and (mostly) required step in the home ownership process.

Read: The Canadian Mortgage Stress Test, Explained

Hedge Fund Managers: Do as They Do, Not as They Say

One thing to remember is to not take financial advice from hedge fund managers, because they are rarely accurate with their macro predictions. Similar to a blind squirrel, they get lucky every now and then! Find out what you should take into account with hedge fund managers and where to remain weary. 

Read: Don’t Take Financial Advice From Hedge Fund Managers

“Invest” Some Time in this Article for Small Business Owners!

Read all about a couple key questions small business owners must ask themselves when it comes to investing through their corporations due to the capital gain inclusion rate change. 

Read: Should Small Business Owners Continue to Invest Through Their Corporations?

First Drop in Rental List Prices Since COVID! A Sign of Things to Come?

Wondering if the rental market was ever going to start recovering after the mess that COVID made? If so, you’ll find some good news in this article. Statistics show that the average rental price has fallen 1.2% since last year.

Read: Canadian Rental List Prices Make First Drop Since COVID