Real estate investment tools are something that be can an important source of information for your investment toolbox, if you know where to find them. The following list is more a set of resources of real estate investment tools that hopefully really raise the bar in your real estate mastery!
1. Real Estate Appreciation Data & Trends
Here's one of the best places to get historical appreciation rates for the year, trends and predictions of the next year's appreciation for residential real estate. This is a free resource available to all of us: CMHC's Housing Reports. You can get them for Canada, by province or even by major city. These are also the reports journalists use to write articles about real estate in all the major papers. Steal their best real estate investment tools for yourself!
2. How To Find Out What Will Be In Tomorrow's News Today
The media often just repeats information that is released by Statistics Canada and it's neat to read the reports before the media actually releases them. It's also a very instructive way to watch how the media does its reporting. You can find everything from Consumer Price Index reports (inflation reports) to Canadian Income Trends to Greenhouse emissions to Canadian Export activity at: The Daily by Statistics Canada. You can even sign up for daily emails on specific topics that interest you.
3. Understanding and optimizing mortgage rates
Should you go variable or lock in your rate? Isn't that the question on top of every investor's mind? There's a pretty famous study by a York University professor, Moshe A. Milevsky, Ph.D., that did some thorough analysis on this. You can find his report here. Understanding mortgage rates is an important part of real estate investment knowledge, and these articles are great real estate investment tools.
4. How to Find Where Mortgage Professionals & The Media Get Their Smarts?
The Canadian Association of Accredited Mortgage Professionals does a solid job of mortgage data gathering. For example, did you know 68% of Canadians use fixed rate mortgages or that 18% of mortgage holders took out equity from their homes this year or that 80% of Canadian mortgage holders have 20% or more equity in their homes or that Ontario is responsible for 41% of all mortgage approvals in Canada or that Alberta has the highest mortgage arrear rate in Canada? Well now you know, here's the Annual State of the Residential Mortgage Market in Canada.
5. The Tools The Bank of Canada Uses To Control The Canadian Economy.
Look, we know we're monetary policy geeks - but we love this stuff! And as a sophisticated investor you should too! ?? We really can't believe how open the Bank of Canada is with the way it tries to guide the economy. It's kinda cool (and scary). Click here for a very simple but informative guide to Canadian Monetary Policy. And our favourite summary is the chart they use to describe how they try to control inflation, click here to see it. Add this to your arsenal of real estate investment tools!
6. Inflation Calculator
This is an "unusual list" so we didn't want to share a standard mortgage calculator. Instead, here's the coolest calculator around. It's the Bank of Canada's Inflation Calculator. Here's a test: Enter in the amount of money you were making per year 10 years ago, 15 years ago, 20 years ago etc. in the "Basket of goods" box and then hit CALCULATE. Is your income keeping up with inflation? It should be if you want to enjoy those Mexican Beach of Florida Disney vacations we Canadians love! Add this knowledge to your existing real estate investment tools and your knowledge and understanding will continue to grow!
7. U.S. Dollar values
Want To Know Where Interests Rates are Headed? Watch the value of the U.S. dollar. If the U.S. Dollar stays low or keeps falling rates in Canada will likely stay low - even in Canada - unless Canada does a major monetary policy about face. Simple as that! Here's a handy chart you can refer to.
8. How Is The Rest Of The World Viewing Canada?
It's so easy for us to get self-absorbed. To keep proper perspective, you'll want to take a look at what the rest of the world is saying about Canada every once in a while. We are always monitoring what the International Monetary Fund is saying about Canada. - their comments often dictate the Bank of Canada's actions, and it's one of the ways we forecast the future of interest rates and real estate appreciation in Canada.
Whether you’re a novice or a sophisticated and experienced investor, the real estate industry presents a golden opportunity to invest your money and grow that investment if one takes the time to research the many types of investment properties available.
If you are thinking of becoming a real estate investor, or you are already an investor and would like to leverage your current investment(s) into more properties, or you are looking to sell one or more of your investment properties, give me a call at 905-683-7800.
I’ll be more than happy to answer any and all of your questions and help you with all your real estate investment needs.
Thanks For Reading Today’s BLOG!
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Brian Kondo
Sales Representative / Team Leader
The Brian Kondo Real Estate Team
Re/Max Hallmark First Group Realty Ltd.
905-683-7800 office
905-426-7484 direct
brian@briankondo.com
www.BrianKondo.com
www.BrianKondoTeam.com
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