Hany Adam's blog

Mortgage rates are now responding to last week's plunge in bond yields due to fears about systemic financial risk in the U.S. and Europe.

The basic principle of house flipping is to buy a property, renovate or repair some parts of it, and then sell it for a higher price. Simply put, house flippers try to buy low and sell high.

You should understand the house-flipping business well if you are considering a house flip in the near future.

House flipping: Pros and Cons

As the founder of Pyramine investment Inc., I am well aware of the challenges that arise when it comes to securing mortgage approvals for residential properties with 1 to 4 units, especially in light of the increasing interest rates. Switching lenders for better rates at renewals, qualifying for the full loan amount on purchases or refinances, and transitioning from cheaper to more expensive lenders can all pose significant hurdles.

Thousands of small, family-run contracting businesses make up Ontario's residential builders, so giving back to the community is also important to them.

RESCON recently held an event to recognize our industry's role in constructing two affordable housing projects in Toronto for those experiencing or at risk of homelessness.

As the world becomes more digital, the concept of virtual real estate is gaining traction as a potential new investment opportunity. Virtual real estate refers to digital assets such as websites, social media pages, and even online gaming worlds that can be bought, sold, and traded like physical property.

The history of real estate investment in Canada dates back to the early days of European settlement in the 16th century, when French fur traders established trading posts along the St. Lawrence River. Over time, the fur trade gave way to agriculture and industry, and real estate emerged as a key asset class for investors looking to profit from Canada's growing economy and expanding population.

When you're at work, do you find yourself dreaming of relaxing on a beach in a distant land with a cocktail in hand, but know you don't have enough savings? Maybe you're ready to retire and stop working even though your retirement fund is still in double digits.

Saving for retirement can be accomplished with a Registered Retirement Savings Plan. RRSPs are often crowded before tax filing time because they offer tax advantages. And the earlier you start saving for your retirement, the better. Your retirement savings will benefit from a longer time horizon and compound interest.

Find out how RRSPs work, here you will find answers to your questions

As reported by Urbanation, 25,000 condo units are expected to hit the Toronto real estate market this year. A recent revision sees this number down nearly 6,600 units from the previously reported 32,000 units. Although this number beats the previous high of 22,473 units completed in 2020, 25,406 units are still insufficient to meet the annual home demand.

If you start an RRSP early in life and contribute to it every year, you can retire on $1.7 million in Canada.