By: Iris Khodkar

Bank Of Canada Maintains Overnight Rate!

Tags: Mortgage, rate, interest, interest rate, bank, bank of canada, economy, global economy, oil, housing, stabilize, investment, financials, re/max, re/max west, iris, iris khodkar, iris khodkar group

Yesterday, The Bank of Canada maintained it’s rate at 1.75%.   Global economic growth has slowed by more than the Bank forecast in its January Monetary Policy Report (MPR). Ongoing uncertainty related to trade conflicts has undermined business sentiment and activity, contributing to an synchronous slowdown across many countries. Global economic activity is expected to pick up during 20...Read More

By: Iris Khodkar

What Dos it Mean To Be An Airbnb-Friendly Condo?

Tags: Airbnb, Condo, App, Condominium, Airbnb friendly, apartment, condo board, short term rental, security, incentive, program, re/max, re/max west, iris, iris khodkar, iris khodkar group

In 2016, Airbnb rolled out the Friendly Building program where it partners up with condos and apartments to help the building govern the use of short-term Airbnb rentals and encourage responsible hosting overall. The program was piloted in the U.S. first before coming to Canada. To date, there are a number of condo buildings that have signed up for the program, including a handful in Vancouver and...Read More

By: Iris Khodkar

The Best Outdoor Flooring For Your Balcony

Tags: Balcony, Flooring, wood, Tiles, composite, recycled rubber, recycled plastic, concrete floors, concrete slabs, wood, plastic, composite, iris khodkar, iris, khodkar, iris khodkar group, re/max, re/max west realty

Most Condo balconies come with cold, drab-looking concrete floors. It’s not very appealing and might contribute to the reason why many condo owners rarely use their balcony. Luckily, that’s easy to change with outdoor flooring solutions that “float” above the concrete and are a breeze to put down and disassemble. Manufacturers and retailers know that balconies are an extens...Read More

By: Iris Khodkar

Does Your Garage Look Sad?

Tags: Garage, Transform, paint, color, real estate, homes, detached, semi-detached, townhouse, car, re/max, re/max west, iris khodkar, iris khodkar group

According to a North American survey, 24% of homeowners are embarrassed to leave their garage doors open. It’s true that some of us are not proud of the way our garage looks. For a room that was meant to store our car, the garage has easily become the go to place to leave all of out unwanted junk and it often gets neglected to the point where it begins to feel like a dingy cave that nobody e...Read More

By: Iris Khodkar

Cool Ways to Rethink Your Formal Living Room

Tags: Living room. Game room, home theatre, readind room, wine room, casual, transform, re/max, re/max west, iris khodkar group, iris khodkar

According to Style At Home magazine, the formal living room is nearing extinction. The Canadian magazine interviewed several industry experts who agreed that most families prefer to use this room for casual and family-friendly purposes. If you’ve got a stuffy living room that barely gets touched, consider transforming it into a room you will actually use!   GAME ROOM If you haven&rsquo...Read More

By: Iris Khodkar

Proposed Changes to the Real Estate Industry

Tags: Changes, First time buyers, RRsp, land transfer tax, silent auctions, escalation clause, luxury properties Real Estate, Real, Estate, changes, home, homes, buy, sell, news, toronto, gta, re/max, re/max west, iris khodkar, iris, khodkar, iris khodkar group

As a result of recent announcements by the Federal, Provincial and Municipal governments, change is coming to the real estate industry and real estate agents and their clients must be prepared in order to adapt and succeed in the coming year. Here are 5 things to know:  1. New Federal assistance for qualified first time buyers The Federal government, through CMHC, will be offering first tim...Read More

By: Iris Khodkar

How to Avoid Fraudulent activity in a Real Estate Transaction!

Tags: Fraud, Activity, Real Estate, FINTRAC, Laundering, corporation, shareholders, lawyer, law, community, lenders, re/max, re/max west, iris khodkar group

A recent study is focusing on how real estate buyers are using nameless corporations to attempt to launder money when purchasing real estate. Real Estate agents, brokerages, lawyers and lenders all have a role to play in making sure you are not caught up in this. While giving approriate seminars to brokerages, or conducting audits, there are 5 areas where one can improve to make sure a problem doe...Read More

By: Iris Khodkar

Credit Scores and It’s Effect on Mortgage Interest Rates

Tags: Credit score, credit report, mortgage, loan, home mortgage, Real estate, buy, sell, mortgage rates, rates, interest, interest rates, re/max west, re/max, iris khodkar group

To qualify for the best mortgage rates, you’ll need a high credit score. When you apply for a mortgage, lenders use your credit score and report as a significant factor in determining the rate you receive. Before, you start house hunting, be sure to check your credit report and tackle any credit issues early in order to improve your score. Doing such can save you thousands of dollars and hel...Read More

By: Iris Khodkar

How to Spot The Signs of a bad Condo

Tags: Condo, Condominium, Real Estate, craftsmanship, Elevators, floor plans, short term rentals, repairs, online reviews, re/max, re/max west, iris khodkar group 

It’s not always easy to see the problems in a condo until after you’re all moved in. But if you know what to look for, you could be saving yourself from making a regrettable investment choice. CondoEssentials is a condo review website that has compiled a list of signs that help potential buyers gain insight on how well-managed a building is and determine whether buying a unit is worth...Read More

By: Iris Khodkar

Federal Budget Changes for First Time Home Buyers

Tags: First Time Home Buyer, Home Buyer, Affordability, government, mortgage, CMHC, incentive, Iris khodkar group, iris khodkar, re/max, re/max west realty

    Are you a first time home buyer? Can’t afford to buy a house? The government may take on part of the cost! Under the new CMHC First-Time Home Buyer incentive, the Canada Mortgage and Housing Corporation would use up to $1.25 billion over three years to help lower mortgage costs for eligible Canadians. The money would go to first-time home buyers applying for insured mortgag...Read More