14/10/2022
This week I’m going to be explaining a ban that will be coming into effect in Canada starting next year. The Canadian government has introduced a policy that will effectively ban foreign buyers from p...
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This week I’m going to be explaining a ban that will be coming into effect in Canada starting next year. The Canadian government has introduced a policy that will effectively ban foreign buyers from purchasing homes. As you know, the Canadian real estate market has been incredibly hot, and it has become increasingly harder to buy homes. This ban, coming into effect January 1, 2023, will block foreign buyers from buying homes to ensure that they remain accessible to Canadians. There are exemptions, but the government hopes that this will slow the market down enough to balance it out a bit more and ensure that Canadians can remain competitive players in their own real estate market. Do you have any questions about the ban? Comment below or reach out to me today!
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13/10/2022
The rich keep getting RICHER 📈 by leveraging their debt in their favour. Here's how! 💰
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The rich keep getting RICHER 📈 by leveraging their debt in their favour. Here's how! 💰
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11/10/2022
www.ljrealties.com - Find your Montreal dream home
Nature and sustainability merged seamlessly with modern architecture and luxury finishings in Montreal’s best new housing development. Located on th...
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www.ljrealties.com - Find your Montreal dream home Nature and sustainability merged seamlessly with modern architecture and luxury finishings in Montreal’s best new housing development. Located on the Western tip of the island, surrounded by 74,000 acres of protected forest, steps from the new REM (light rail) station being built to connect to Montreal’s underground metro system you will find project Terra by renowned developer Brocolinni. With it’s 3 floors above ground as well as finished basement and 2 car garage, this LEED certified home is not only eco friendly and energy efficient but absolutely breathtaking. Let Residential and Commercial real estate broker David Leblanc walk you through the details of this exceptional home which we hope represents the future of housing development in Montreal, Canada. ====== ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ Thinking of Moving to Montreal? 🍁 📱Call or Text: 514 578 6397 📨 Email: [email protected] 📅 Free Real Estate Consultation: https://www.meetwithlj.com/lj-aguinaga Connect with me on: Instagram - https://www.instagram.com/ljaguinaga/ Facebook - https://www.facebook.com/lj.aguinaga TikTok - https://www.tiktok.com/@ljaguinaga Linkedin - https://www.linkedin.com/in/ljaguinaga/ ⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️ ======
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11/10/2022
🤔 Confused about what's happening with mortgage rates?? 📈
Rising rates are about to cool 🥶 off some of the demand we've been seeing for the last few years.
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🤔 Confused about what's happening with mortgage rates?? 📈 Rising rates are about to cool 🥶 off some of the demand we've been seeing for the last few years.
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08/10/2022
Inflation is at 40 year highs. 😱 What does this mean for the economy and for homeowners and buyers?! 🤔
Real estate historically has been an inflation proof asset and during times of economic recessio...
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Inflation is at 40 year highs. 😱 What does this mean for the economy and for homeowners and buyers?! 🤔 Real estate historically has been an inflation proof asset and during times of economic recession caused by inflation, real estate has generally stayed stable or appreciated during those times. 📈 #inflation #realestate #financetips #montrealrealestate
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07/10/2022
The third video is our series of the buying process is going to cover the closings costs. What are they? To put it simply: they are the additional costs incurred aside from your downpayment. Today I’l...
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The third video is our series of the buying process is going to cover the closings costs. What are they? To put it simply: they are the additional costs incurred aside from your downpayment. Today I’ll be covering the 5 different components. From the inspection to the notary fees, they are all necessary and they add up quickly! When planning to buy property, it is important to consider the costs that will come up after you’ve secured the property and set aside money for the downpayment. Don’t get caught off-guard, keep this list in mind so that there are no surprises! If you have any any questions about the components of the closing costs, let me know in the comments below!
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05/10/2022
😳Are you scared real estate will crash during the looming recession? 🙅🏻♂️
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😳Are you scared real estate will crash during the looming recession? 🙅🏻♂️
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03/10/2022
What’s going to happen with real estate prices? ⤵️
Demand cooling off will cause the markets to level off and in some cases, cool off (depending on the specific market and price point).
But you will...
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What’s going to happen with real estate prices? ⤵️ Demand cooling off will cause the markets to level off and in some cases, cool off (depending on the specific market and price point). But you will still have an overall limited supply of homes for sale. Remember, in order to get a huge spike in inventory you would need to have a ton of people who want to sell all of a sudden - or a wave of defaults/foreclosure. Many homeowners have a lot of equity and really good terms on their current loan (if they bought or refinanced when rates were super low). These are stable owners and not likely to default. I know people are looking for this big dramatic bubble burst - but the reality is, it looks more like a normal pullback… #realestate #investing #investingtips #finance
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01/10/2022
👀 The answer is pretty clear… 🏠
(when you’re starting out with investing or have limited funds to invest)
#investingtips #investing #propertyinvesting #realestateinvesting #realestate
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👀 The answer is pretty clear… 🏠 (when you’re starting out with investing or have limited funds to invest) #investingtips #investing #propertyinvesting #realestateinvesting #realestate
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30/09/2022
Recession Tips ⤵️
Get your expenses in line. Don’t worry about cutting everything to the bone, but if you’ve got some expenses that are clearly a waste - get rid of them.
Make sure you are investing...
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Recession Tips ⤵️ Get your expenses in line. Don’t worry about cutting everything to the bone, but if you’ve got some expenses that are clearly a waste - get rid of them. Make sure you are investing in yourself and your ability to make more money. Could be at your job or via more business if self employed / in sales. There will be opportunities to make investments in the coming year - but you have to have some liquid cash and/or cashflow coming in to be able to properly invest for the long term. #investing #finance #financetips #recession
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30/09/2022
This week I’m building off the video from last week, breaking down the buying process. We discussed mortgages, and today I’ll be clarifying what the mortgage insurance premium is. It is something you ...
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This week I’m building off the video from last week, breaking down the buying process. We discussed mortgages, and today I’ll be clarifying what the mortgage insurance premium is. It is something you hear about often, but may not understand it fully. When you put anything less than 20% as a downpayment, the bank will require that an entity insures it. This acts as their security in case one were to default on the mortgage. There are multiple different insurers, notably CMHC which is a government entity that most people use. This premium does not affect your rate, it is essentially just an amount that is added to your mortgage. The premium works on a sliding scale: the more money you put down, the lower the premium. Follow along with the example, and if you have any questions let me know in the comments below!
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23/09/2022
There are many steps and important things to consider when buying a property. Today I’m going to discuss where I like to start: understanding your mortgage. Unless you’re paying cash for your property...
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There are many steps and important things to consider when buying a property. Today I’m going to discuss where I like to start: understanding your mortgage. Unless you’re paying cash for your property, you’re going to be borrowing money from a lender, usually a bank. It’s important to understand the different components of a mortgage. How long will you be paying the loan? What is the term of your mortgage? Are you going to take a fixed rate or variable rate? People have gotten nervous with the recent increases in interest rates so it is essential, especially now, that you understand everything there is to know about it. We make a point to stay on top of any and all updates from banks in regards to rates so we can help you make the best decision for yourself. We recommend that you always consult a trusted mortgage professional so if you need help getting in touch with someone reach out to us today!
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16/09/2022
This week I will be discussing what has been on everyone’s mind lately: prices in Montreal real estate. Because of the activity over the past couple of years, it is most people’s assumptions that some...
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This week I will be discussing what has been on everyone’s mind lately: prices in Montreal real estate. Because of the activity over the past couple of years, it is most people’s assumptions that something has to give and that prices can only go down. My opinion, based on recent data, is that they will continue to rise. There are a number of factors that contribute to this such as continuous lack of inventory on the market, and the influx of people coming into Montreal. In the last 15 years, the population has increased by 650,000. Because we still have more demand than supply, the price of home will continue to rise. With the interest rate hikes, people have lost some of their buying power so it could be an opportunity for you to go out and still get a property at a decent deal. If you need help as a buyer navigating the evolving market, reach out to us today!
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09/09/2022
Construction of the new Réseau Express Métropolitain, or R.E.M., is currently underway. This metro system will span the greater Montreal area and will give people living outside the city much easier a...
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Construction of the new Réseau Express Métropolitain, or R.E.M., is currently underway. This metro system will span the greater Montreal area and will give people living outside the city much easier access to downtown. What a lot of people are asking me is: I live near one of the future stations, will this positively impact the value of my property? The short answer is yes! We’ve already been seeing it contributing as a factor in the valuation of people’s homes and advertised as a highlight for a few years now. Once people are able to start using it and seeing just how easily accessible downtown is, I think there will be an even bigger effect on the gains of your property. Being close to public transportation is always a winning factor, and I think the R.E.M. will have a huge impact on the value of properties all over the greater Montreal area. What are your thoughts on the R.E.M.’s effect on property value? Let me know in the comments below!
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02/09/2022
This week I will be discussing a topic that is important to landlords and tenants alike: tenant insurance. It is prudent for tenants to take out an insurance policy to cover $2 million civil liability...
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This week I will be discussing a topic that is important to landlords and tenants alike: tenant insurance. It is prudent for tenants to take out an insurance policy to cover $2 million civil liability & their contents. This way should anything happen to the unit, such as flood or fire, insurance will cover the cost of them staying elsewhere and they will be protected financially. For the landlords, when your tenants have insurance it actually makes your own insurance policy cheaper. I have seen a situation with tenants who weren’t covered and it ended with them losing everything. Ever since then, I have made it a requirement for all my tenants to get insurance. That way we all have peace of mind knowing that all parties will be protected should anything happen. Do you require tenants to have insurance when they’re renting your properties? Let me know in the comments below!
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26/08/2022
This week I’ll be discussing a segment of the market that is currently on the rise: the rental market. With the recent increases in interest rates, some buyers are getting qualified at lower prices th...
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This week I’ll be discussing a segment of the market that is currently on the rise: the rental market. With the recent increases in interest rates, some buyers are getting qualified at lower prices than they previously were. If they were looking at a $500,000 home last year, a $400,000 home that they are currently qualified for might not meet their standards and criteria. Some of these buyers are pivoting to rentals until the interest rates stabilize a little bit more. That being said, the demand for rentals is going to go up. The thing is, the supply of rentals has not increased. This is a time for landlords to stay on top of their rental increases and stay firm on their prices. The rental market has bounced back and become very strong, so now is the time to capitalize. If you’re looking for advice on prices and increases for your rental units in Montreal, reach out to us today!
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19/08/2022
My Thoughts on the Forecast for Canada's Housing Market
This week I’ll be discussing an article that was backed by RBC Research about a forecast on the Canadian housing market. It has been sending pe...
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My Thoughts on the Forecast for Canada's Housing Market This week I’ll be discussing an article that was backed by RBC Research about a forecast on the Canadian housing market. It has been sending people into a bit of tailspin because it predicted a price decrease of 15%-20%. Now, I do not believe there is any reason to panic because this prediction is on a national level. The markets that really move real estate in Canada are the major ones, such as Vancouver and Toronto, and these are the markets that will feel a shift before Montreal does. We may see a correction of 5%-10% here, which may bring us back to January 2022 prices. When someone buys a property, I tell them to plan to stay there for at lease 5 years to really be in the money. So even if there is a correction, things will bounce back over a couple of years and your investment will be fine. What are your thoughts on this forecast? Let me know in the comments below!
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05/08/2022
This week I will be discussing a topic that has fallen by the wayside a little bit in the past couple of years: location, location, location! When the market was fast and furious, the criteria of loca...
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This week I will be discussing a topic that has fallen by the wayside a little bit in the past couple of years: location, location, location! When the market was fast and furious, the criteria of location became secondary to a lot of buyers and some compromises were being made. Now that the market is more balanced, buyers are going back to being more selective about what an area has to offer and really making it a priority in their property search. That being said, location will absolutely affect the value of your property. Is the home close to where they work? Are there good schools in the area? What kind of public services are available to residents? Are you close to the highway? Underneath a flight path? All kinds of factors will add and subtract to the potential value of your property. What is essential to you when considering the location of your home? Let me know in the comments below!
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29/07/2022
This week I will be discussing an important property document: the certificate of location. This document can tell you important information about a property, such as the official dimensions, the prop...
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This week I will be discussing an important property document: the certificate of location. This document can tell you important information about a property, such as the official dimensions, the property limits, any encroachments, servitudes, and any other important information about it. When selling your property, it is important to have an up-to-date certificate of location, meaning one that is under 10 years old as they become invalid after that amount of time. Should you change anything on your property, such as building a deck or removing a pool, you would need to get a new certificate drawn up in this situation as well. But be sure to only do this when you are ready to sell so that it doesn’t expire; don’t do it immediately after the change if you’re looking to stay! Do you have any questions about the certificate of location? Reach out to us today!
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22/07/2022
This week I will be discussing some good reasons to get a pre-sale inspection. When thinking of selling your property, it can be prudent to do an inspection prior to hitting the market. Understanding ...
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This week I will be discussing some good reasons to get a pre-sale inspection. When thinking of selling your property, it can be prudent to do an inspection prior to hitting the market. Understanding existing issues before entering negotiations gives you a lot more power in the transaction. You will have knowledge of the current state of your property and the opportunity to fix issues that may scare away a potential buyer. You will find out important things to note that you weren’t even aware were there. By having the property inspected and being aware of any potential problems, you can also give yourself more negotiating power. As a team, we always suggest strategies to protect you as a seller, and the pre-sale inspection does a great job of this. If you’re ready to list your property with some peace of mind, reach out to us today!
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15/07/2022
This week I will be discussing something that has recently come into effect for real estate brokers and buyers alike: a mandatory brokerage contract to purchase. The BCP has always existed, but it is ...
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This week I will be discussing something that has recently come into effect for real estate brokers and buyers alike: a mandatory brokerage contract to purchase. The BCP has always existed, but it is now a requirement set forth by our governing board. Previously, we had worked under a verbal contract that I, as an agent, would do my utmost to get the best deal for you as a buyer. Without a signed BCP, a broker could still write an offer for you but technically is not contractually obligated to guide you and go out of their way to get you the best price possible. By singing a BCP, you are ensuring that the broker you are working with will be able to go above and beyond for you. At LJ Realties, we have always prided ourselves on providing the best service to our buyers, and will continue to do so under the new BCP regulations. Reach out to us today!
Visionnez
08/07/2022
This quarter, the real estate market has definitely changed. We have shifted from a very strong seller’s market to a buyer’s market. Due to the rise in the interest rates, some buyers have become a l...
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This quarter, the real estate market has definitely changed. We have shifted from a very strong seller’s market to a buyer’s market. Due to the rise in the interest rates, some buyers have become a little wary and have taken a step back, all while properties are still hitting the market. Now the the supply is outweighing the demand and properties are spending more days on market, buyers are presented with an opportunity: time and the ability to negotiate. We’ve been seeing less multiple-offer situations, the average number of days on market is rising, and buyers won’t miss out on a house if they happen to be away for a weekend. This is the time where listing brokers are going to focus on really selling a property, and doing all they can to make sure it gets the exposure it needs to sell. At LJ Realties, we have strong listing techniques and incredible marketing systems in place to ensure that our clients’ properties will sell, nom matter what the market situation is. Wether you are a buyer or a seller this quarter, reach out to us today!
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01/07/2022
This week I’ll be discussing a topic that is at the forefront of everyones mind and newsfeed: interest rates. There has been a significant increase, and it has been causing concern and leading people ...
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This week I’ll be discussing a topic that is at the forefront of everyones mind and newsfeed: interest rates. There has been a significant increase, and it has been causing concern and leading people to believe that there will be a “crash”. I do not believe this will be the case. The increase will simply cause the market to shift, and that presents buyers with an opportunity. We will be seeing less of paying $100,000 over asking price for a property, you can see the property more than once, and there is now room for negotiation because there is less demand. The current 5 year fixed rate is at about 5% and you could probably get a variable interest rate of about 3.2%. Because I believe that the interest rate will slowly go back down in the next 6-12 months, I would suggest going for a variable rate. We make sure to stay informed on the changes, so if you have any questions reach out to us today!
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24/06/2022
This week I will be talking about financial literacy. This term covers a broad spectrum of understanding your finances, but what I’d really like to focus on is how much you’re making versus how much y...
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This week I will be talking about financial literacy. This term covers a broad spectrum of understanding your finances, but what I’d really like to focus on is how much you’re making versus how much you’re actually keeping. It’s great to say that you made a million dollars last year, but how much did you keep? A book that I like to reference is called “Profit First” and it really dives into the idea of paying yourself first by taking out your profits and working backwards from that to make sure you’re running a profitable business. What are your expenses compared to what you’re bringing in? What are you keeping after taxes? Are you working with a profit margin that is comfortable for you? These are important questions and the answers will bring you closer to financial literacy and eventually to financial freedom!
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