Well established, high traffic, nicely renovated 4 chairs barber shop business close to Metrotown is for sale. 15ft frontage, approximate 700 sq ft. Average $6,500 monthly income. New lease with low monthly rent $1,670. 3 years plus 3 years. Triple net. Owner will train, best for owner operated turnkey business. Dont miss this golden opportunity. Contact Maria Mak or visit her website www.mariamak.com for details and private viewing.
Drop by my open house this Sat/Sun Feb 9th/10th 2-4 PM, or visit my website http://www.mariamak.com for details or Contact Maria Mak @ 604.839.6368 to arrange viewings.
Price has just been reduced to $259,000, please drop by my open house this Sat/Sun Feb2nd/3rd 2-4PM
When someone asks how house prices are doing in a particular neighbourhood, the question seems easily answered.
The big real estate boards all issue monthly price reports that spell out what the average selling price was in the previous month and how that compares to the month, and the year, before.
But there's a problem with trying to divine market direction from average price data. It's just too blunt a tool.
If real estate — as the saying goes — is really about "location, location, location," then average prices frequently don’t capture the reality of what's going on in a particular city or neighbourhood.
Calculating the average house price is as simple as adding up the prices realized for all home sales in a particular month and dividing by the number of sales. The problem with that metric begins to emerge, however, when one or more parts of the housing market don't act in tandem with all the other segments, as they seldom do.
The average price is the figure obtained by dividing the total dollar volume of sales in a given period by the number of sales.
Mortgage rules change today, but about half of Canadians don’t know it, a recent survey suggests many people are unfamiliar with the changes
New mortgage rules go into effect today in Canada but a recent survey suggests many people are unfamiliar with the changes.
Starting Monday, lenders can only issue home equity loans up to a maximum of 80% of a property's value — down from 85%.
The maximum amortization period also drops to 25 years from 30 years — giving borrowers less time to repay the debt in full.
In addition, the federal government is capping the maximum debt ratios for households and limiting government insurance to mortgages on homes with a purchase price of less than $1-million.
A poll conducted by Pollara for Bank of Montreal found only about half of those surveyed were familiar with the changes brought in by the federal government.