Best time to invest in Canadian real estate

Canadian professional real estate investors learn during the apprenticeship some hardcore facts about Canadian real estate investments. Buying and selling requires some insight to be profitable. Since spring and summer months are notoriously the best time to sell real estate in Canada, fall and winter may be the ideal months to buy real estate or Best time to invest in Canadian real estate.

1. Fewer buyers are in the market – less competitionBest time to invest in Canadian real estate

Competition for houses drops off in the fall in Canada, a time when most people consider it to be off-season in real estate. But there are still homes for sale – and in some cases, there’s just as much inventory as there was during the spring and summer. Fall means new inventory and repositioned old inventory that did not sell in the prime season.

This puts Canadian professional real estate investors at a great position to negotiate. Fall Canadian professional real estate investors should consider making aggressive offers, followed by more aggressive negotiation. Many panic sellers are motivated to sell before the holidays. If possible, Canadian professional real estate investors should let these sellers know that they can close before Thanksgiving or before the school winter break.

Best time to invest in Canadian real estate2. Greedy sellers can be tired and frustrated

Some greedy property sellers who put their homes on the market during the prime selling times of spring and summer might have been overconfident by listing their homes for more than buyers were willing to spend. After months of little or no action, these tired and frustrated property sellers are often ready to make a deal.

Canadian property owners who were unrealistic earlier in the year about price will now be more willing to reduce the price come fall. Because there are fewer buyers and because the property owners are now eager to sell, they are more inclined to take the lower offer than wait another six months for spring to come around.

3. Sellers become more seriousBest time to invest in Canadian real estate

Not all homes on the market in fall are summer leftovers. Some Canadian home owners need to sell in the fall because the timing is right. Maybe they were having a home built and it’s now ready. Maybe they need to move because of a job. The sellers with houses on the market in the fall tend to be serious. That means sellers could be more open to negotiating and accepting a reasonable offer.

Best time to invest in Canadian real estate4. Fall is a better time of year to buy Canadian real estate

Waiting until the fall (to buy) gives you an advantage when learning about a home and the neighborhood. You’ll be settled in your home and can take precautions – like setting up that new alarm system.

5. You’re the center of attentionBest time to invest in Canadian real estate

Because spring and summer are ideal times to buy a home, realtors are usually busier then. And that could mean you might not always get the attention you want. This is also true for other professionals you’re working with to buy a house. Service providers, such as mortgage lenders and real estate professionals, can often respond more quickly since the summertime crazy market has slowed down.

The same goes for movers. Because summer is peak moving season, Canadians often experience more delays and service issues, such as moving companies reaching capacity and running out of trucks to pick up shipments. The probability of experiencing a delay goes way down in the fall season.

6. You can take advantage of end-of-year sales to outfit your home

More than likely you will be making improvements to your new home after your purchase. Most likely you will need to buy items to maintain your home, and if appliances did not convey with your purchase, you will need to buy those as well.

Wouldn’t it be great to coordinate your home purchase with sales on items you’ll need? September is a great time for buying carpet and paint. October means lawn mowers go on sale, and appliances and cookware are cheaper in November. November is also a great time to take advantage of retailer holiday sales items, which seem to be abundant that time of year.

The best advice is to learn from fellow Canadian real estate experts with decades of experience and proven results.

Always learn from a Canadian real estate investment expert with proven results before investing in Canadian real estate.

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Canadian Foreclosure Process

Canadian Foreclosure Process, a professional Canadian Real Estate investor should have a well understanding regarding Foreclosure process in Canada.

It is considered by all parties to be a nightmare i.e. property owner, lender. The foreclosure process in Canada can take place no matter what cycle is the market going through. The number of foreclosures tend to be high when the real estate bust cycle comes.

Canadian Foreclosure Process

Foreclosure is a legal action that a money-lender can take if the person who borrowed money using a mortgage stops paying back that mortgage. The lender is required to get a Court’s permission to foreclose the property.

Canadian Foreclosure Process

With Canadian Foreclosure Process, the property owner will not lose their property right away when he misses a mortgage payment or makes a late payment. Lenders try to avoid foreclosing the property if possible, due to the lengthy process involved. A lender will probably not start to foreclose until two or three months after the borrower has stopped paying. A lender tend to send out letters asking for payment first. Then, at the same time, the lender will sue them and start to foreclose. In Canada, the foreclosure process is different from province to province.

Canadian foreclosure process the lender can pursue 2 main ways to recover mortgage debt in Canada:

1. Judicial Sale

a. Conducted under the authority and supervision of the Court.
b. The lender must apply and get permission from the court prior to selling the property.
c. A lot of Court involvement for each step

A lawsuit is involved in the foreclosure process against the borrower and other parties liable.

Judicial Sale is used in the following provinces Canadian Foreclosure Process

  • Alberta
  • British Columbia
  • Saskatchewan
  • Quebec
  • Manitoba
  • Nova Scotia

2. Power of Sales

a. Without the court’s involvement, lender is allowed to sell property. This particular way was created to keep the recovery process out of the court system, as well as created the ability to make it happen at a much faster rate than a foreclosure.
b. The Process is started by sending a notice to the borrower.
c. Deficiency Judgment: A legal action against the borrower is required by the lender, after the sale of property.

Power of Sale

is mainly used in:

1. Newfoundland
2. Prince Edward Island
3. New Brunswick
4. Ontario

Generally speaking, foreclosure is a losing proposition for all the parties concerned.

There is no data available to show exact figures, and the number of mortgage defaults are different from market to market. There are nearly over 1,100 mortgage lenders in Canada. The 5 major lender report says there is a default rate of 0.26% – 0.65%

Canadian Foreclosure Process

The information mentioned above is merely a guideline and is not meant to provide a professional legal advice. For your particular case, please consult a real estate lawyer for advice.

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How to Become a Successful Full Time Real Estate Investor

Both rookies and veteran real estate investors need to implement new strategies and tactics to improve their business and be successful. There is always a way to sharpen your skills to create more success. Goal Setting is one of the most necessary components of success.

Did you know 95% of people in this world do not set goals? How to Become a Successful Full Time Real Estate Investor
It is shocking to know most people do not have any kind of written goals. Some people just let the world push them around, instead of setting goals and going where they want to go. They may be in a job they had no intention of getting, but are there for years; they may be in a relationship that they had no intention of being in, but are in it for years because it is easy. Now, I don’t want to sound like Dr. Phil here, but my point is if you have no clear, defined goals pertaining to your real estate investing business, you will have an unsuccessful or at best, very average business. How to Become a Successful Full Time Real Estate Investor

Part of the 5%As a full-time real estate investor, we need to be part of the 5% that have clearly written, defined, tangible goals, that are cast out 20 years, 10 years, 5 years, etc, and then brought down to months, and then weeks.
At that point you need to make daily “to-do” lists which keep you going.

Our goals, as a whole should include financial, relational, personal, spiritual, and educational goals. No one is successful with a vague goal like “I want to make money”, you have to set realistic financial goals that are specific.

Tangible goalsI highly recommend that you have a tangible goal that you can, once achieving it, can touch, can feel, and can be proud of, and money will become a byproduct that comes from achieving that particular goal.

Long term and short term#3
So set goals for yourself that involve a long term plan, and a short term plan, and you will have the incentive to do what is necessary in order to accomplish these goals, and create a wonderful, rewarding, and lucrative business for yourself.

Canadian Wealth Builders offers many unique, practical, out of the box real estate investor trainings which offer the student hands on, in the trenches style instruction. To find out more, please go to www.Flipping4Profit.ca

Quotes for Canadian Real Estate investors by Warren Buffett 

Top 10 Warren Buffett Quotes For Canadian Real Estate Investors 

Expert advise is always sought after by Canadian Real Estate Investors Training and apprenticeship is needed to succeed in Canadian Real Estate investing.
Here are the top 10 Warren Buffett quotes for Canadian real estate investors. We have broken it down so that everyone can understand how to invest in Canadian Real Estate Investing.
You are guaranteed to succeed in Canadian real Estate investing with the willingness to follow  directions from the experienced in the field.
Top 10 Warren Buffett Quotes For Canadian Real Estate Investors“Our favorite holding period is forever.”To build true long-term wealth, you must acquire for long term investment for passive income to build wealth.

#1
“Risk comes from not knowing what you’re doing.”Canadian real estate investors who are speculators and gamblers will be doing risky investments.

#2 “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”Canadian real estate investors must have mindset to stay invested in real estate for long term basis”

“Let blockheads #3read what blockheads wrote.”Generally, nay-sayers are considered pessimists want to be Canadian real estate investors who say “nay” to everything including training, education and coaching.

#4 “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.  Despite the economic fluctuations, one must think long term when it comes to Canadian Real Estate Investing.
It creates a flood of motivated panic sellers. Canadian real estate investor knows how to buy low and sell high.   #5

“Only when the tide goes out do you discover who’s been swimming naked.”Keep learning from Canadian real estate experts new investing techniques so that you can adapt to a changing market.

#10“I will tell you how to become rich. Close the doors. Must know how to be opportunistic.  Be greedy when others are fearful.”Greed is for speculators.
Always buy it at deep discounted Canadian real estate. Don’t follow the crowd.
“Never count on making a good sale. When bargaining for investment property ensure you are getting the best deal ”If you’re concerned that you cannot sell the property for full value, then buy it at lower – at about 60% of value – and sell lower – at about 90% of its current market value. #6

“We will reject interesting opportunities rather than over-leverage our balance sheet.”Sometimes the best Canadian real estate deals are the ones you don’t make.

#7 “A public-opinion poll is no substitute for thought.”Only a handful of Canadian real estate investors know the specific techniques for profiting in any market and that’s because they have invested in real estate investment training and apprenticeship.
Being part of a Networking group (PREIG) Professional Real Estate Investors will ensure that you are on top on the information you need to succeed Real Estate investing.    #8
“The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”Don’t worry what the masses are doing.
Utilize the proven techniques by the experts in the field to duplicate their results.
#9 “I really like my life. I’ve arranged my life so that I can do what I want.”Remember, that’s what Canadian real estate investing is all about.
You eventually want to live your life the way you want it to be.

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P.S. Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful. If you don’t know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

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Profiting from Foreclosure in Canada Part 1

As a full time Canadian real estate investor, we must be continually creating massive and passive income for ourselves. Foreclosures can be a source of many deals for us, where we are helping people who

Profiting from Foreclosure in Canada Part 1

have gotten themselves into a situation and allow them to downsize with dignity and with money in their pocket.

whatisforeclosure
So, what actually is a Foreclosure?

In some provinces in Canada we have foreclosures; in other provinces we have power-of-sale. A foreclosure is when the lender takes legal action against the person who borrowed money because the person who borrowed money stopped paying back their loan. The foreclosure allows that lender, in certain provinces, to take or sell the person's house with the Court's permission to do so?

whatismortgage
So, what actually is a mortgage?

A mortgage is a contract between a borrower and a lender (or mortgagor and mortgagee) for the mortgagor to pay back the loan to the mortgagee. When you get a mortgage to buy a house, you borrow money, and you promise to pay back that money in regular installments.
So what happens if you miss a mortgage payment, or you can’t make a payment?

You don't automatically lose your house. The foreclosure process is something lenders don't want to go through. Why? The foreclosure process takes a lot of time and money.
You will usually have 3 months of being in default before the lender starts to foreclose, this is called forbearance. The lender will start the foreclosure process if they start demanding payment and you do not respond. If you are missing payments, instead of ignoring the lender, try talking to them to work something out. .

In the next article, we will discuss how to make money in foreclosures as a real estate investor.

World Wealth Builders offers many unique, practical, "out of the box" real estate investor trainings which offers the student hands on, in the trenches style instruction to facilitate both a different mindset as well as a successful and lucrative real estate investment business. To find out more, please go to http://www.worldwealthbuilders.com/live

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Are you a Canadian real estate Investor? Join Canada's largest real estate investors club now.