A perfect storm of low housing inventory and rising demand has driven prices from Vancouver to Halifax. As a result, many Canadians have been shut out of homeownership.
Fortunately, there are several pathways to homeownership in Ontario. Co-ownership, rent-to-own agreements, and government programs are all viable options. These strategies can help make the dream of homeownership a reality for more Canadians.
Ottawa House Buyer
If you own a property in Ottawa and want to sell it, working with a local house buyer is the best option. They can provide you with a fair cash offer for your home and can close the deal within a few days. They also offer free home valuations. This is a great way to get an idea of what your home is worth in the market.
A family owned and operated business, Ottawa House Buyer specializes in solving real estate problems for homeowners. Its founders Luc and Jessica-Ann are passionate about real estate, and their expertise is evident in every transaction they make. They are dedicated to removing the barriers that prevent buyers from purchasing properties in Ottawa, including pre-sale cleaning, repairs, and open houses.
Buying your first home is a huge milestone, and it can be difficult to navigate the process without assistance. This guide will help you learn what to expect and how to prepare for the steps that lie ahead. It will also outline the minimum down payment requirements for each price range and provide tips on how to maximize your RRSP contribution.
Whether you’re selling an unruly tenant, facing a foreclosure, or just ready to move on, an Ottawa house buyer can save you time and money. These companies buy homes in any condition and can help you avoid the hassle of repairing your property. They can even help you find the right mortgage for your needs.
SmartPixel
In the world of high-end real estate sales, being innovative is key to winning business and attracting potential customers. That’s why top real estate brokers across North America are pushing the envelope by bringing SmartPixel’s Interactive 3D Sales Solution into their showrooms and integrating Onyx Technologies’ Cutting Edge Real Estate CRM behind the scenes. This powerful synergy offers unparalleled strength in data analytics, lead tracking and securing deals.
The SmartPixel technology allows developers and real estate agents to showcase geographical locations with a visual representation of restaurants, services and leisure activities. It also enables staff to manage inventory records on a centralized platform. Additionally, it allows businesses to create and update floor plans, add images, multimedia elements, and technical datasheets.
The system has been used to market over 250 projects worldwide, including the tallest passive house in the world, Curv. In a recent podcast, The Real Deal’s Marc O’Therrien interviewed SmartPixel CEO and founder Hadrien Laporte and BakerWest real estate chief Jacky Chan to find out how they used the system to market Curv. Both shared their insights into how implementing the system has boosted their business and transformed their sales process. In fact, Chan estimates that employing the touchscreen technology and Onyx CRM generated an extra 5% of revenue—more than covering the cost to BakerWest—for the project’s sale.
Blackline
A Toronto native who grew up in a condo, Ng fused his passion for real estate and technology to create game-changing real estate solutions. His company, ADHOC STUDIO, pioneered interactive sales centre touchscreen applications, which are now innovative mainstay features of new developments across the country. His latest innovation, Blackline, is an end-to-end solution for condo developers and sales agencies to accelerate new project sales.
The company’s software automates financial close and reporting processes, which reduces the risk of errors and saves time. It also helps organizations improve visibility and control over their accounting operations. Its user-friendly interface is easy to use and customizable, and users can access information through any device. Blackline is a great choice for companies of all sizes, but is especially helpful for medium-sized and large organizations with complex financial close processes.
Several challenges have emerged in the Canadian housing market, including low inventory and pandemic roadblocks. Nevertheless, home buyers remain eager to purchase properties. For this reason, developers and sales agencies are developing innovative property tech—or proptech—solutions to overcome these obstacles and offer a better buying experience for their clients.
Addy
The housing crisis in Canada is threatening the dream of home ownership for millions of people. Rising rents and prices make it difficult to find a place that’s affordable for students who want to live near campus, young families who need a safe neighbourhood to raise their kids, and seniors who are looking to downsize with dignity. In the face of these challenges, we must move to break down barriers and build homes at a scale that hasn’t been seen in decades.
In Budget 2024, we’re strengthening the Canadian Mortgage Charter with new measures to unlock pathways for Millennials and Gen Z to buy their first homes, including ensuring they get credit on their rental payments. And we’re taking action to make renting fairer, introducing a new Canadian Renters’ Bill of Rights that will protect tenants from unfair practices like steep rent increases and renovictions. We’re also making it easier to build new homes, with the $4 billion Housing Accelerator Fund working with municipalities to remove zoning barriers and cut red tape. And we’re enhancing the Tax-Free First Home Savings Account and doubling the Home Buyers’ Plan to help more people save for their first home.
We’re also boosting the capacity of Canada’s home builders with new investments to accelerate their work on a national scale, with a focus on the hardest-to-build communities. And we’re launching a new Frequent Builder stream to fast-track the application process for proven home builders so we can build more homes, faster.