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Hot Real Estate Topics of the Summer of 2008.

A quick overview of the hot topics around the BBQ this Summer...

By Don R. Campbell

Suddenly it seems everyone you meet at a summer BBQ is a real estate expert and they want to share with you all of their extensive knowledge about how the world will end.

If you have seen the Lotto commercial with the two snobby 'rich' people talking about what to wear at a BBQ and what to speak about you will understand that the ad is funny because it has a base of truth to it.

Can I use my RRSP to buy my "first home" in The States

With all the foreclosures going on down in Florida and many other states this is probably a question that many Canadians will find interesting.

As stated on the CRA's "Home Buyers' Plan (HBP)" web-page:

SEFC open house events - Vancouver Olympic Village

EVENT ONE - Sub Area 3C

This event will give the public an opportunity to view and comment on proposed changes to the Official Development Plan for SEFC Sub-Area 3C. The draft amendments would increase the area’s maximum allowed heights, amend the optimum heights, and change the total allowed floor area.

Bank of Canada lowers overnight rate target by 0.5% to 3%, Bank Rate to 3.25%

FOR IMMEDIATE RELEASE
22 April 2008
CONTACT: Jeremy Harrison
613 782-8782

Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent

Investing with Family and Friends - 8 Steps to Success

by Don R. Campbell

"It was the best of times, it was the worst of times." This opening sentence to the classic book A Tale of Two Cities also can describe what can happen when family members with differing philosophies decide to work together in a business or in real estate investing.

Ms. Mortgage Broker (a YouTube video)

A YouTube video about the role of a Mortgage Broker when buying or refinancing a property. Quite entertaining, enjoy.

5 essential tips for Real Estate Investors from Globe and Mail

In a recent post on their web site Globe and Mail have identified the 5 tips for Canadian Real Estate Investors which are essential for ultimate success:

  1. Study the market before you take action.
  2. Never speculate, always invest.
  3. Don't invest in a property just because it seems cheap.
  4. Follow a long-term system.
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