Home ownership became more affordable for the average Canadian in the last quarter of 2010, with the most significant improvement in Alberta, says the Royal Bank. The bank's housing affordability measure shows costs associated with owning a home in comparison to income slightly declined in the last three months of last year.
You are desperate for more living space and now face the big decision – renovate your current home, or buy another one? Chartered Accountant Gerald Tracey, Investment Advisor, ScotiaMcLeod in Windsor, advises that this decision should be made in a two-step process.
As consumers continue to learn more and more about green building, architects, designers and builders are starting to incorporate more green features into their new homes. As technology and products continue to emerge, consumers can build their dream home without sacrificing aesthetics.
Many people assume that they can simply 1) buy a house, 2) apply a fresh coat of paint, 3) trim some bushes, and then 4) resell the home at a profit. Unfortunately, this process, called "flipping" is not that easy.