Category: Real Estate

How Real Estate Investor in Chicago Scaled up and Built Wealth

February 5, 2023 admin

Dominic Kosteris worked two jobs and lived with his parents before buying his first home in 1996.
In 1997, he acquired his first investment property and started earning rental income.
He scaled up in the aftermath of the 2008 housing crash and bought aggressively during the pandemic.

Dominic Kosteris has been working for most of his life.

“I was delivering newspapers when I was in eighth grade,” the 54-year-old high school history teacher told Insider.

His paper route was in Chicago, where he’s lived since he was a toddler.

Kosteris’ parents emigrated from England to the States when he was

Real Estate

Russian oligarchs invest in US commercial real estate, bypassing sanctions as feds warn banks

February 3, 2023 admin

The Washington Examiner’s Byron York weighs in on the Biden classified documents controversy and Texas banning real estate purchases by citizens from specific countries on “The Evening Edit.”

Wealthy Russian oligarchs are likely investing in U.S. commercial real estate and trying to sidestep sanctions imposed after the invasion of Ukraine last year, according to a warning sent to banks by the Treasury Department’s financial crimes and intelligence unit.

The Financial Crimes Enforcement Network (FinCEN) told banks to be on the lookout for suspicious commercial real estate (CRE) transactions that may be carried out by sanctioned Russian elites, oligarchs, their family

Real Estate

What are seller’s obligations in real estate transaction?

February 2, 2023 admin

People often ask me about sellers’ rights, but it’s important to remember that sellers have obligations, too. What I mean by this is that whenever someone has rights, they also have obligations.

Brokerages and agents have certain legal obligations that they owe to their clients and others they deal with in a trade. The legal obligations play a vital role in ensuring that real estate transactions are as seamless as possible, and designed to support buyers and sellers to make informed decisions.

The Real Estate Council of Ontario (RECO) administers a Code of Ethics. One obligation, for example, prohibits agents

Real Estate

B.C. property registry in full effect, but will take years to ‘mature’

February 1, 2023 admin

The registry, the first of its kind in Canada, was set up in an effort to tackle criminal money-laundering

Starting in November 2020, companies, trusts, partnership and others who purchased property in B.C., where property ownership was not clear, had to file reports to reveal the true or beneficial owners. Photo by DARRYL DYCK /THE CANADIAN PRESS

Two years after a land ownership transparency registry was introduced in B.C. to help combat money laundering and tax evasion, it is now finally in full force.

Real Estate

Saskatoon Real Estate: 6 most expensive house listings

January 31, 2023 admin

Housing sales have been dropping in Saskatoon. However, sales are still higher than the 10-year-trend according to the Saskatchewan Realtors Association (SRA). For those searching for something a little above average, the Saskatoon market still has some of the top luxury homes to offer.

Here are six of the most expensive homes in the region.

(Realtor.ca)

A four-bedroom, six-bathroom home in the Nutana neighbourhood. The property has direct access to the South Saskatchewan River and offers captivating views. Over four-thousand square feet spread over three levels, including a developed basement. It also has an in-ground pool, courtyard and a

Real Estate

Victorian farmhouse on 91-acre lot near ski hills finds a buyer

January 30, 2023 admin

1522 Concession 10, Nottawasaga Rd. South, Clearview, Ont.

Asking price: $3,650,000 (July, 2022)

Selling price: $3.4-million (December, 2022)

Previous selling price: $260,000 (June, 1993)

Taxes: $5,801 (2022)

Days on the market: 131

Listing agents: James Warren, Alex Obradovich, Rob Mcaleer and Cheryl MacLaurin, Chestnut Park Real Estate Ltd.

The action

On the site’s highest point, the house, double garage, bank barn and apple orchard sit on about 10 acres. Another 65 acres are canola fields with the remaining 15 acres forested.Chestnut Park Real Estate Ltd.

This Victorian farmhouse on a 91-acre lot made

Real Estate

Here are the Ontario cities where homes are selling fastest right now

January 28, 2023 admin

It’s no secret that home sales have been tanking across the Greater Toronto Area since interest rates started spiking through the roof in Canada last year, even despite moderate price declines.

With sales down down 38.2 per cent for the GTA in 2022 (nearly 50 per cent in December alone,) Toronto’s real estate market has definitely cooled off since the overheated days of 2021 — but not all markets in Ontario have been equally impacted.

Real estate brokerage and analysis firm Zoocasa recently looked into which parts of the region are still competitive for Ontario buyers and sellers (more competitive,

Real Estate

Article content

Advertisement

The action