Archive for January, 2014

What’s Really Behind Canadian Luxury Property Records
Posted by Don Campbell | January 28, 2014
What’s Really Behind Canadian Luxury Property Records

The Canadian luxury real estate market in Canada had a resurgence in 2013, according to REMAX survey. There are 6 key reasons why this occurred and why it will be different in 2014.

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Rule Five Of Six: It’s Not How Much You Make, It’s How Much You Keep That Matters
Posted by Don Campbell | January 25, 2014
Rule Five Of Six: It’s Not How Much You Make, It’s How Much You Keep That Matters

We all seem to understand that it is not how much you make that matters, it is how much you keep (just look at the deductions on your last paycheque), yet not many people consider the importance of understanding the tax implications of their investments.

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Rule Four Of Six: Always Have Your Own Legal Representation In The Target Country
Posted by Don Campbell | January 20, 2014
Rule Four Of Six: Always Have Your Own Legal Representation In The Target Country

Rule #4 for buying real estate outside of your home country: Never, ever, ever use a legal representative that also represents the other side of a deal. EVER! This is true when you buying at home and is doubly important when buying outside of the country. Don’t ADD risk, take it away.

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Rule Three Of Six: Their Laws are Often NOT on Your Side
Posted by Don Campbell | January 16, 2014
Rule Three Of Six: Their Laws are Often NOT on Your Side

The first step in this rule is to find out what restrictions are put on a foreign property holder. Don’t assume that what occurs here in Canada will look anything like what occurs in another country. Tax laws, ownership laws, immigration laws, – they ALL affect you!

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Rule Two Of Six: Healthy Skepticism, NOT Blind Enthusiasm, Will Save You Heartache
Posted by Don Campbell | January 12, 2014
Rule Two Of Six: Healthy Skepticism, NOT Blind Enthusiasm, Will Save You Heartache

“Make sure you’re buying not because it is cheap, but because it has potential.” Part of any due diligence is investigating what else is out there. Remember, there are 2 types of competition you will be fighting with, so make sure you have all the facts. Here’s how:

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Rule One Of Six: Go There Not Just Once, But Twice – Don’t Sign Until You Fly!
Posted by Don Campbell | January 8, 2014
Rule One Of Six: Go There Not Just Once, But Twice – Don’t Sign Until You Fly!

Never buy property at a distance, especially in another country, without seeing it for yourself. You work hard for your money in Canada, why would you throw your money at a potential property without knowing the reality behind the dream?

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Will Tropical Real Estate Be Your Paradise or Your Nightmare??
Posted by Don Campbell | January 5, 2014
Will Tropical Real Estate Be Your Paradise or Your Nightmare??

The Canadian Winter Storms often freezes investor’s brains to the point of making major mistakes when they buy a real estate retreat in warm climates. Right now there is a huge target on Canadian travelers’ backs – we become quite easy marks for selling paradise during the first few months of the year, and 2014 is no exception. Protect yourself with these 6 rules to buying tropical real estate.

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