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August 10, 2023 Krystal Lee Ponte Comments Off on Canada Mortgage and Housing Corporation (CMHC) Operations

Canada Mortgage and Housing Corporation (CMHC)

The Canada Mortgage and Housing Corporation (CMHC) plays a pivotal role in shaping the country’s housing landscape. CMHC, a crown corporation founded in 1946, fosters secure homeownership, supports affordable housing development, and preserves the general health and stability of the Canadian housing market. It was initially founded following World War II to assist returning service members in finding homes, but over time, its mission has expanded to include providing access to housing in general. Millions of Canadians benefit from CMHC’s critical contributions to society, which include giving them a stable foundation. CMHC operates under the purview of the Government of Canada, and various legislative and regulatory frameworks guide its activities.

CMHC offers various services for home buyers, the government, and the housing sector. Its primary functions include providing mortgage loan insurance to potential homebuyers, bundling insured mortgages into securities, promoting affordable housing, research and market analysis, housing programs and initiatives, fostering sustainable housing practices, and addressing challenges in the housing market.

New neighbourhood in the suburbs

Mortgage Loan Insurance:

Some of CMHC’s core functions are discussed below:

One of CMHC’s core functions is providing mortgage loan insurance, which protects lenders if borrowers default on their loans. This insurance enables aspiring homeowners to purchase properties with down payments of as little as 5%, making homeownership more achievable for Canadians. CMHC fosters a stable and robust housing market by reducing the risk for lenders. CMHC has helped thousands of first-time homebuyers enter the real estate market by reducing the down payment required for purchasing a home. CMHC provides mortgage loan insurance for affordable and market rental housing, including standard rental housing, retirement housing, supportive housing, student housing, and single-room occupancy.

Affordable Housing Initiatives:

CMHC actively works to ensure that Canadians have access to affordable rental accommodations. CMHC supports the construction and renovation of affordable housing projects nationwide through various programs and funding initiatives. These initiatives generally target low and moderate-income households, seniors, students, and vulnerable populations and help alleviate housing affordability challenges.

Sustainable Housing Practices:

CMHC actively encourages green and energy-saving housing initiatives per international guidelines to combat climate change and promote sustainability. These initiatives enable the building of eco-friendly structures and their repair, which helps reduce carbon footprints and lower household utility costs.

Research and Market Analysis:

CMHC extensively researches housing market trends, demographics, and housing needs. By providing comprehensive data and analysis, CMHC aids in evidence-based policymaking and market regulation.

Through its various programs, research, and policy advocacy, CMHC continues to address the challenges of housing affordability, accessibility, and market functionality in today’s housing market.

Thanks for reading our blog and checking out our website. If you would like more information, please feel free to message us by clicking here or connecting with us via chat.

March 22, 2023 Addy Saeed Comments Off on Apartment buildings for sale under $500K Listings Broadcast

Apartment buildings for sale under $500K

I occasionally get asked if there are any opportunities to invest in real estate for under $500K. While there aren’t many opportunities close to the city, there are ample opportunities if you’re willing to travel and invest in smaller towns to get started on your real estate investing journey.

In this video, I show you what is available in the market and go through a couple of opportunities for your review. If you’re interested in finding out more or signing up for the email alert, please feel free to reach out by filling out the contact us form.

Thanks and happy investing!

June 22, 2022 Addy Saeed Comments Off on How to evaluate Multi-Family properties in Ontario Buyer's Guide, Profitability

How to evaluate Multi-Family properties in Ontario

Today, we will be reviewing different levers used when reviewing multi-family properties in Ontario. The property being used is an actual property that is currently for sale in Mississauga that I’m using as an example.

We are now offering services to investors who are interested in investing in real estate without the hassle of managing it. We would invest along side any investors looking to invest in multi-family properties and would asset manage the asset to ensure the asset can achieve the target value creation projected at acquisition. Our compensation is tied to the property achieving those targets hence aligning us along with the clients long term goals.

If you’re interested in finding out more, please feel free to reach out directly.

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    April 17, 2019 Addy Saeed Comments Off on Looking for a large investment? Operations

    Looking for a large investment?

    We’ve been working diligently on couple of projects including a large project with 70+ units. Please make sure to check out the projects we have listed on our website below

    We do have other larger portfolios coming soon too. If you’re interested please make sure to reach out and be part of our list.

    February 8, 2019 Addy Saeed Comments Off on What do we have for sale? Listings Broadcast

    What do we have for sale?

    Long time no talk! Happy new year to you all!

    We’ve been busy at BuildingsForSaleToronto.com working on new listings to bring to you. Following are couple of properties that we thought warranted your review.

    Please take a look and let us know if you have any questions. We also have access to other properties that aren’t posted on our website and available for your review upon request.

    Talk soon!

    October 19, 2018 Addy Saeed Comments Off on Investment properties for sale in and around Toronto Listings Broadcast

    Investment properties for sale in and around Toronto

    I wanted to take a quick moment and point out some new listings that we are working on that are available for sale.  We were working on an 84 unit portfolio that was recently sold but is coming back to the market.  If you’re interested in it, please reach out as I haven’t prepared a video for it yet and can send you info on it.  Here are some others we are working on:

    Following are the listings that we have coming in the near future:

    • 2 Properties with institutional zoning allow for uses such as places of worship in Toronto

    Our residential team is also busy and has two new listings coming as well

    • 5 bedroom detached property hosting over 2500 square feet in Brampton
    • 4 bedroom bungalow on a large 50×120 foot lot that could be rented till ready for development

    Can’t see what you’re looking for?  Reach out and we can help find the property for you.

    June 27, 2018 Addy Saeed Comments Off on Up to 84 unit apartment buildings for sale Listings Broadcast

    Up to 84 unit apartment buildings for sale

    I haven’t been very regular on the site for which I apologize. It’s been an interesting year with negative media reports while we are having a hard time finding properties for our clients. There is definitely a big shortage of investment properties that our clients have an appetite for and we are always looking. If you have a property that you’re looking to sell, please reach out first as we may be able to put together a deal for you before you have to take it to market.

    If you’re looking for a property to purchase and invest in, following is a list of properties we are working on. Please note that I have limited information available for these as these are in our pipeline and I can send more information on request.

    • 84 units consisting of three buildings – over 7% cap rate
    • 12 Unit close to Ottawa, Ontario @ 6.71% cap rate
    • Retail Plaza in Dundas Ontario
    • 21 Unit in Whitby Ontario
    • 8 Plex in Etobicoke for $1.45M

    I hope you’re enjoying your summer and making the most of your time.  If you would like more information, please fill out the form below and I will get the info to you as soon as possible.

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    May 10, 2018 Krystal Lee Ponte Comments Off on Market Watch – April 2018 Operations

    Market Watch – April 2018

    Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

    The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

    “While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

    “The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

    Full market watch report-April2018

    April 11, 2018 Addy Saeed Comments Off on 7 Unit Apartment Building in St Catherines Listings Broadcast

    7 Unit Apartment Building in St Catherines

    We have a freshly renovated 7 unit mixed use apartment building in St Catherines that is coming up for sale.  The building is renovated from top to bottom with new roof, new plumbing throughout the building, new heating system with upgraded mechanicals, expansion tank, fill package, tekmar zoning system, new siding, new windows, new flashing, all new electrical wiring, new Romulo insulations with soundproofing, fire code passed with fire shutters in the back units, new tiles in commercial space with auto-door closures and new machines/dryers and soap machines in the commercial unit.

    For more details, make sure to check out the video in the property listing

     

    April 11, 2018 Addy Saeed Comments Off on Transactions are down 39.5% based on year over year comparison Profitability

    Transactions are down 39.5% based on year over year comparison

    April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 percent compared to a record 11,954 sales reported in March 2017 and down 17.6 percent relative to average March sales for the previous 10 years.

    The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 percent decrease compared to March 2017 and a three percent decrease compared to the average for the previous 10 years.

    “TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFI mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

    The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 percent compared to March 2017.

    While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

    “Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

    Market Watch – March 2018

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