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Canadian Real Estate Investors

Canadian Real Estate Investors

Canadian Real Estate Investors Are a Force to Be Reckoned With

As more focus goes toward the number of Chinese real estate investors buying up property in the US, it’s easy to lose sight of the fact that this is just one of myriad factors. There are plenty of other international real estate investors out there. Europe and Australia are both heavily involved in the American real estate industry. However, you need to look closer to home to find the second largest such group – Canadians were, until very recently, the number one buyers of US real estate. Today, they’ve slipped to second place, but they’re still playing a major role.

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Canadians Investing in Commercial Real Estate

One of the high points for Canadians investing in US real estate is the commercial property sector. According to a November 2014 story from Reuters, “Canadian investment in US commercial real estate is on track to hit record levels this year, once Canada’s second largest pension fund closes a $2.25 billion deal to buy a landmark Manhattan property.” The first three quarters of the year saw almost $8 billion funneled into the US economy from Canada through commercial real estate. Buyers aren’t limiting their purchases to the Big Apple, though. Other hot spots include California, New England and other highly populated areas. The key to their strategy is buying multifamily properties, but other commercial real estate is on the table as well.

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Canadians Also Investing in Residential Property

Canadian real estate investors aren’t limiting their efforts to commercial property alone. Residential real estate is also hot, particularly in highly urbanized areas. A Vancouver couple recently purchased a Brooklyn brownstone with three units, and plans to rent all three to different tenants. The rent payments on the brownstone are expected to be enough to cover the Brooklyn property’s mortgage, as well as the payments on the couple’s home on Vancouver’s Upper East Side.

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Why Do Canadians Invest Internationally?

So, why are so many Canadian’s turning to their southern neighbor for their real estate investing needs? Really, it comes down to prices. Canadians are able to get into the market for less, and are then able to realize higher profits on rent than if they kept their money at home. It’s really a win-win for everyone involved. Capitalization rates are another big factor here. Business Vancouver reports that the typical capitalization rate in the US is up to 7.5%, while Canadian rates have decreased from 5.3% to 5.1%.

A Lack of Options at Home

One element that’s pushing Canadians south of the border is the fact that there’s a lot of available property in the US. That’s not so in Canada, where the majority of the property is tied up with domestic pension funds, limiting the availability of property on the open market, and forcing investors to look elsewhere to grow their wealth.

As with any other international real estate investing scenario, the Canada-US trade is subject to change at any time. A slipping Canadian dollar is one element that many experts expect to start putting the brakes on the situation, although it has yet to slow things down at all.

Source:

http://www.theglobeandmail.com/life/home-and-garden/real-estate/canadians-still-mining-the-us-real-estate-market/article14434364/

http://www.reuters.com/article/2014/11/19/us-canada-realestate-usa-idUSKCN0J309620141119

http://www.biv.com/article/2014/10/canadian-real-estate-investors-head-us/

Canadian Real Estate Investors

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Top 5 Home Staging Tips

Top 5 Home Staging Tips

Living room

Upholding the lap of luxury can be a daunting task when it becomes your everyday living space, but when Northern Virginia luxury homes hit the real estate market, they have a certain reputation they must uphold. Effective home staging is estimated to sell luxury real estate 80% faster and for prices 20% above the market. Boasting an impressive sale velocity of 30-60 days, Gene Mock and the Premier Team works to transform spaces and maximize buying and selling potential. While they may cater to an affluent clientele, Premier Team offers some everyday tips to sell any home faster and more profitably! Contact Gene Mock & The Premier Team 703-342-8100 to get more information about how we work to find the right buyers for your home.

Living room

  1. Neutral Wall Color, period. When home staging in the Hamptons or Northern Virginia, always minimize color in favor of neutral, freshly painted walls. White makes every space appear larger and new.
  2. Remove all personal photographs before showing your home. Potential buyers want to envision their family in your space so minimize your personal touch when the “For Sale” sign hits your front yard.
  3. Make it easy for buyers to envision themselves in your home – the more obvious, the better. Open a cook book on the counter, set out a carafe of water, and lay a novel on the bedside table. These simple home staging concepts can trigger just the right amount of excitement in the mind of a potential buyer.
  4. Unclutter 50% of your personal belongings. Often potential buyers are concerned with storage capacity in a living space so clearing out your clutter will allow them to experience the true storage space of your home.
  5. Make your bathroom look like a hotel. Deep clean your entire bathroom space down to the grout in the tiles and be certain countertops are free of clutter. When home staging in the Hamptons or anywhere, bathrooms should appear as if the maid just dropped in with freshly rolled white towels.

Beautiful Bedroom with View of City Lights Below

 

Luxury Home Buyers Demand a Posh Showing Experience

When buyers and sellers have the financial ability to participate in the luxury home space, they demand a posh showing experience. Every home has issues that get ignored, but whether the listing price is $250,000 or $2.5 million, the bottom line for any property on the market is – get it fixed! Affluent buyers demand affluent spaces and even if unloading a luxury property is burning a hole in your pocket, you still must invest heavily on buyers’ first impressions. The statistics prove over and over that staging a home to be its most appealing can, and will, sell a home faster and for a higher price.

old faucet in marble

Contact Premier Team @ 703-342-8100

Gene Mock, Associate Broker, Premier Team, Keller Williams Realty

Monica Mock, Sales Consultant & Home Stager, Premier Team Keller Williams Realty

Gene Mock Realtor http://northernvirginiarealty.com/

 Premier Team Keller Williams http://northernvirginiarealty.com/

Top 5 Home Staging Tips

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