Where do you keep your chickens?

Urbanites are hiding chickens in their backyard and flouting laws for illegal yolks.

Read the full story on the Globe and Mail’s website:

http://www.theglobeandmail.com/life/food-and-wine/city-residents-illegally-keep-chickens/article1194150/

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‘Irresistible’ rates drive Canada’s recovery

It looks like a miraculous resurrection.

In the midst of recession, the average national price of Canadian resale homes hit a record level in May, and sales activity increased for the fourth consecutive month. While U.S. residential real estate prices have been falling for almost three years, Canada seems to have stumbled and picked itself up again in a span of 12 months.

Read the full article on the Globe and Mail’s website:

http://www.theglobeandmail.com/globe-investor/irresistible-rates-drive-canadas-recovery/article1189973/

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Business in trouble? Renegotiate lease

Interesting article on the Globe and Mail.

http://www.theglobeandmail.com/report-on-business/rent-relief-calgary-tenants-seek-mid-lease-breaks/article1193080/

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Can you really afford a house?

There’s a lot more to home ownership than the ability to make your mortgage payment. This quick video talks about the big picture, your life budget and how a home fits in to it.

Can you really afford a house?
Can you really afford a house?

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Is it time to lock in your mortgage?

I found some interesting reading in the Globe and Mail this week, that is quite relevant given the recent increases in mortgage rates.

http://www.theglobeandmail.com/globe-investor/is-it-time-to-lock-in-your-mortgage/article1182905/

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Housing Prices have recovered: CREA

Housing prices have recovered, with the average resale price in May reaching the highest level on record, the Canadian Real Estate Association said Monday.

Read the full article on the Globe and Mail’s website

http://www.theglobeandmail.com/globe-investor/housing-prices-have-recovered-crea/article1182169/

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Real Estate recovering, economists say

Real Estate sales have been on the rise since January’s low. April and May have shown remarkable sales numbers, and June is proving strong as well.

Read the full article on the Globe and Mail’s website

http://www.theglobeandmail.com/report-on-business/real-estate-recovering-economists-say/article1181681/

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Hot tubs, drapes and the HRTC

Open up any Canadian newspaper or magazine these days and you are sure to stumble across at least one advertisement promoting the new temporary Home Renovation Tax Credit (HRTC) announced in January’s federal budget.

With summer soon upon us, and many contemplating renovation projects to their homes or cottages, it’s a good time to revisit some of the finer aspects of the HRTC.

Read the full article on the Financial Post website.

http://www.financialpost.com/story.html?id=1691449

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Don’t handcuff your mortgage

Would you like to pay an extra $300 per month on your mortgage? Not likely.

That hasn’t stopped a number of Canadians, with the deal of a lifetime on a variable-rate mortgage, from switching over to a more expensive fixed-rate product and paying the extra freight.

Read the full article on the Financial Post website:

http://www.financialpost.com/story.html?id=1691448&p=1

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Article – The new way to make money in real estate

This is a great article I read on the last issue of MoneySense (a great magazine by the way. Everyone should read it)

The article takes a realistic approach to purchasing investment properties. Have a read, it’s worth the time. 

You can get to the article on the MoneySense website here: http://www.canadianbusiness.com/my_money/spending/article.jsp?content=20080604_095834_760

Call or e-mail me if you want to discuss the article or the investment property market further.

Alexx

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