Report for Canadian First Time Home Buyers - by RE/MAX

First Time Home Buyers Report 2009 – RE/MAX Specialist

By Michael P, Executive VP and Regional Director for RE/MAX Ontario-Atlantic Canada. A great article that explains the latest in Canadian First Time Home Buyers Report, growing trends, government incentives and where the property deals are.

RE/MAX has just released its 2009 First Time Home Buyers Report. What were the most significant findings in this report?

The Canadian First Time Home Buyers Report 2009 by RE/MAX confirmed that first time homebuyers are now the engine driving Canadian home buying activity in virtually every major centre. Falling prices and rock bottom mortgage rates have been behind the push for entry level housing across the country. Market conditions across Canadian real estate markets have also helped, firmly favouring purchasers in 69 per cent of the centres surveyed, with another 31 per cent in balanced territory.

Are there any government incentives available for Canadian First Time Home Buyers?

Top of mind is the Federal Governments’ Home Buyers Plan – a plan that allows Canadian first time homebuyers to use RRSP funds tax-free to help purchaser their first home. Changes to the program outlined within the recent federal budget increased the withdrawal limit to $25,000 from $20,000 for the First Time Home Buyers Plan of Canada. The new First Time Home Buyers program, designed to help Canadians with closing costs, also provides a tax credit of up to $750. The Federal Government’s new $2.5 billion Home Renovation Tax Credit (HRTC) program allows for a 15 per cent tax credit up to $1350 per household, on elgible renovation expenditures between January 27, 2009 and February 1, 2010.

Where are the Canadian property deals right now?

Just about every Canadian real estate market offers entry level product at an affordable price right now, but the RE/MAX report identified some key property Canadian markets offering single detached homes priced under $200,000 including Charlottetown, Halifax-Dartmouth, Fredericton, Saint John, Moncton, Windsor, Niagara Falls, St. Catharines, Peterborough, North Bay, Kingston, London, Winnipeg and Saskatoon.

What are the advantages of a Home Buyers’ Market in Canada?

It’s been over a decade since home purchasers held the reigns in a Canadian real estate transaction. The recent surge in listing inventory, diminished demand, and softer housing values have firmly place Canadian home buyers in the drivers’ seat. Homebuyers in Canada have much more leverage in the Canadian marketplace and it will be vendors, not purchasers, who will have to adjust their expectations. Entry level first time purchasers will also have a better selection of properties from which to choose and the luxury of time in making those crucial home buying decisions.

What’s in store for residential Canadian real estate in markets across the country in the months ahead?

Although they ear got off to a slow start, February home sales were well ahead of those reported in January 2009. The upward trending is expected to continue as more and more first time Canadian home buyers enter the market in the weeks ahead. The flurry of activity in the lower end condos and units may also serve to kick start sales in the mid to upper end Canadian real estate markets, which have been relatively sluggish in recent months. While home inventory and days on market was up virtually across the board, it is noteworthy that several Canada real estate markets reported tighter conditions in the lower end of the property market, where demand and buyer activity remains quite healthy.

How have changing Canadian housing markets impacted buyer intentions?

While a sense of caution still prevails, more and more first time Canadian homebuyers are finding it hard to pass up the chance to become homeowners in today’s buyer-centric real estate climate. Improved Canadian housing affordability is prompting many first time home buyers to get off the fence, out of the rental, and into the property market. With lower starting prices and interest rates at historic levels, Canadian home buyers are finding the carrying costs of homeownership at their most affordable level in more than a decade.

Private Investment Club – PIC Real Estate Club Feature - How to invest in property and set your life goals

An advertorial in the Canadian Real Estate Magazine opened eyes to one of the country’s leading real estate investment clubs. We chose PIC, the Private Investment Club, as our real estate club because of the insider deals, credible leaders and overall integrity. Sunil Tulsiani, PIC’s founder and president, left the Ontario Provincial Police and became rich through real estate investing, using the techniques he NOW teaches at PIC Private Investment Club meetings. He did it, so can we! And so can YOU! Join more than 700 PIC members who are receiving exciting Private Investment Club benefits that include insider deals with projected 30% ROI, headache free real estate investments with passive income, completed due diligence packages, ongoing education and mentoring/expert advise. Call PIC now to get your FREE pass toe the next PIC meeting. As a special bonus to our Canadian Real Estate Magazine readers, you will also receive a live training DVD that teaches you “10 Ways to Invest With No Money Down,” at the first meeting for the Private Real Estate Investment Club. Offer is limited to the first 50 callers. Call 1.888.302.6163 or 905.488.4033. Take action today. Choose the Private Real Estate Investment Club and make your financial dreams a reality. Visit www.PrivateInvestmentClub.ca.

PIC Membership Does Have Its Privileges – How the Right Property Investment Club Can Transform YOU into a Successful Real Estate Investor

Real estate investing is both exciting and profitable. There are scores of success stories about ordinary people becoming millionaires in short order. But there are many people that simply cannot get beyond the dream of financial freedom. They become paralyzed by fears and lack of knowledge when it comes to property investing. This is where the benefits of belonging to a good real estate investment club will truly pay off. A really good investment club will help minimize fears with education, mentoring and support. A great property investment club will go even further and give its members to insider deals with passive income and excellent ROIs. Simply put, a great real estate investment club will help you become a successful property investor. PIC (Private Investment Club) is that great investment club for you! With over 700 members, PIC is the largest non-profit real estate investment club in Canada. PIC is making the lucrative world of investing accessible to the average person. Sunil Tulsiani, the founder and president of PIC, is dedicated to member success by providing the tools and expert knowledge that will help PIC members become financially independent. “Our mission is to educate, inspire, and promote financial freedom by helping our investors acquire income producing properties.”

Private Real Estate Investment Club Can Transform The Average Person Into a Successful Investor

Members of PIC enjoy a large number of services and benefits that have been created to ensure success. First and foremost is the extensive, continuous education that is offered to every member through monthly meetings. These sessions are designed to teach beyond the fundamental principles of investing in real estate. These are the same methods that Sunil used to become wealthy after he left the Ontario Provincial Police. Many members will tell you that the main reason they joined the Private Investment Club PIC is the access to lucrative insider deals that were not available to them until finding the club. PIC members get access to these real estate deals through a close association with Tulsiani Investments, co-founded with Sunil’s brother Ravinder. Recent deals presented to Private Investment Club PIC members include real estate projects in Canada, the US and overseas. Sunil ensures these deals are throroughly evaluated to ensure they earn a projected 30% return on investment (ROI). A third key benefit that has attracted members to PIC is the individual mentorship with Sunil and Ravinder which gives members personalized attention to their goals and development.

PIC Makes Real Estate Investing Easy and Comfortable

Membership into PIC has the added benefit of easy property investing. Sunil and Ravinder Tulsiani do most of the upfront work required to source and analyze deals. “We analyze hundreds of deals and only pursue the ones that we ourselves will invest in. We complete comprehensive due diligence and then make the findings available to our investors.” The process is so complete that members at the Private Investment Club for property with limited experience need only choose their desired deals, review the investment package, sign the prepared contracts and wait for the passive income to flow. Members feel safe property investing with PIC because of Sunil’s practice to “invest in every project along with our investors, so we have a vested interest in the outcome.”

Private Investment Club Is Founded on Honesty, Trust and Integrity

PIC is the largest non profit real estate club in Canada. 100% of the net profits are donated to charities for women and children. Members know that they are not only taking action to secure their financial future through real estate investments with the Private Investment Club PIC, they are also helping important community causes as well. Sunil Tulsiani left his 16 years career as an Ontario Provincial Police officer to become a successful professional real estate investor. He has a passion to share his experiences and knowledge with PIC members. Private Real Estate Investment Club members feel safe and confident that an ex-cop is personally handling their investments. PIC is helping average people profit from the world of real estate investing. Its members are confidently taking action and making their financial dreams a reality. PIC is the investment club of choice for more than 700 members because of the access to profitable headache free real estate deals, education, and expert property investing advice. Consider your goals and call PIC to start working towards financial freedom through real estate investing with PIC. Call PIC now to get your FREE pass to the next Private Real Estate Investment Club meeting. As a special bonus to the Canadian Real Estate Magazine readers, you will also receive a free DVD at the meeting.