Blythwood Place III Rental Apartments in London, Ontario

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Blythwood Place III is a new rental apartment building located in London, Ontario consisting of one, two, and three bedroom furnished suites. The building amenities include an indoor saltwater pool, hot tub, fitness room, social room, bike room, and covered and outdoor parking. Blythwood Place III is managed by Marquee Asset Management, a subsidiary of Drewco Development Corporation, and is situated near restaurants and shopping centers for occupancy starting in late 2018.

Real Estate

BLYTHWOOD PLACE
III RENTAL
APARTMENTS IN
LONDON, ONTARIO
STUART HANSEN

BLYTHWOOD PLACE III
• Blythwood Place III is a new rental apartment building
located in London, Ontario, that consists of one-, two-,
and three-bedroom suites with occupancy starting
toward the end of 2018. Each of the apartments is
furnished with walk-in closets, air conditioning system,
laundry, and dishwasher. The apartments are finished
with quartz countertops, carpeted floors, and crown
molding. There are also several building amenities that
are hard to miss, including an indoor saltwater pool and
hot tub, a fitness room, social room, bike room, and
covered and outdoor parking. Blythwood Place III is
situated near restaurants and shopping centers,
including Farm Boy, Rona, and Costco.

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Real estate refers to any land or property that includes natural or manufactured improvements such as buildings, roads, trees, and utility systems. These improvements add to the quality of the property over time, increasing its market value. Therefore, real estate is a great investment option, as the increased property value ensures a lower amount of investment risk. However, IronStone Building Company, a subset of Drewlo holdings, provides buyers with exceptional properties at reasonable prices, and they maintain transparency throughout the acquisition process. Real estate is an excellent way to earn extra income and diversify investment portfolios, but investors must consider fundamental aspects when investing in real estate. These factors determine what type of property best suits an investor's needs. An essential factor to consider when investing in property is location. Proximity to amenities such as markets, highways, and transportation systems, plays a significant role in a property's valuation and tax. IronStone Communities offer plenty of recreational and leisure opportunities and are close to transportation routes, shops, diners, schools, and parks. Still, investors should assess the property's proximity to their place of work, schools for children, or their favorite recreational activities. They could also research how the area could develop in the nearest future and if those developments would still be within their needs. Investors also have to be aware of the area's rules to avoid penalties. Another essential factor to consider is the investment purpose. Some investors buy property to provide shelter for themselves and their families. Others buy property for industrial purposes. Others buy property to lease out to other people and make money from rent, while others could buy to resell in the long term. It is essential to know the investor's plan for the property to know what type of property to purchase. Getting the estimated value of a property is another important factor when investing in a property. Property valuation helps determine investment aspects such as taxation and insurance. There are three ways to specify it: comparing the recent sales of properties with similar characteristics, deducting the cost of depreciation from the cost of the land and construction, and the income approach where expected cash inflow for rental properties is measured. Ironclad Pricing, an exclusive IronStone feature, ensures investors get the best value for their new homes. Ironclad Pricing includes quality standard home upgrades and finishes upfront at their core prices at no extra cost. Knowing how much an investor is willing to spend is another important factor in real estate investment. A budget narrows down available properties, and this works hand in hand with the investment purpose and property valuation. For instance, buying a property to resell might cost more, as the investor might have to renovate the property before selling again.

Essential Factors to Consider When Investing in Real Estate

Stuart Hansen

Concerning a place to live, the process of making a choice may either be cumbersome or a walkover, as the case may be. There are myriads of building structures that tend to be eye-catchers. Some of them may be pocket-friendly, while others may not. These structures include residential properties like single-family homes, condominiums, townhomes, and bungalows, to mention a few. Condominiums, or condos, as used in North America, refers to a building in which residents separately own individual units and collectively manage common areas. In other words, each resident owns their air space while sharing communal properties such as walkways and exterior spaces. In a 2011 survey carried out by the National Association of Realtors, they discovered only 17 percent of Americans preferred living in condos. Yet, there are several advantages one may get from investing in them. First, condos are more cost-effective than other housing structures. For instance, in 2021, the National Association of Realtors stated that the average cost of condos was $300,400, while for a single-family home, it was $347,400. So, investors get to save some amount of money. Residents pay monthly fees to their condo association. And the association uses the money to cover most maintenance costs. Consequently, the cost of maintaining them is pretty low as investors only have to budget for appliances and other things within their ambiance. Further, the standard homeowners’ insurance cost on properties covers their interior and exterior parts. But for condos, the expense solely focuses on their internal section. So, residents do not need to pay for the outer areas of the apartment. Condos may have different amenities like parks, gardens, on-site laundry, gyms, and multi-use rooms. As a result, they are not difficult to rent out. Condominiums promote socialization since condo associations sometimes host communal spaces, which serve as an opportunity for residents to get to know one another. There are several rules guiding condos. For example, a resident needs to take permission from the condo association before making changes in the apartment. The association also deters residents from engaging in business activities inside the apartment. In essence, these regulations seek to curtail activities that tend to depreciate the property's value. Consequently, investors or residents would be able to sell the property at a higher price than when they bought it. Condos are a great investment option since they are secured. Most apartments have secured entrances with surveillance cameras. In some, there may be doorkeepers who watch over the property. Even the neighbors may help keep an eye over the investors' space in their absence. So, this is beneficial to everyone, especially people who live alone. Part of the perks of condos includes their location. Usually, one can find these structures in strategic places, around major cities and towns. More importantly, one may keep abreast of ongoing

Benefits of Investing in Condominiums

Stuart Hansen

A condo, short for condominium, is an individual residential unit within a larger building, similar to an apartment building. What this means is that you share ownership of the building with other individuals or families who also own a unit. A lot of people prefer condos because of the lower cost of maintenance. However, It is important to understand that buying a condo is pretty different from buying a single-family home, so there are important considerations you must take into account before purchasing. The most important thing to consider when buying a condo is your lifestyle. You must be sure that living in a condo will fit your way of living. It would be best if you weighed the pros and cons before making any financial commitments. For example, suppose you’re the type that takes your privacy very seriously, then buying a condo might not be a good decision. Unlike free-standing single-family homes, you may have several neighbors very close to your condo. If you cannot imagine having someone living so close to you, condos aren’t suitable for your lifestyle. However, if you’re the type that likes to live nearby city centers, have on-site laundry services, enjoy residential amenities like swimming pools gyms, and want to avoid frequent home maintenance and repairs, then you can consider purchasing a condo. In addition, If you’ve ever lived comfortably in an apartment building, you should have no problem with condos, as they are even much better. After considering the essential factors highlighted above and ultimately deciding to move ahead with hunting for a condo, consider hiring a realtor who has an impressive track record in buying and selling condos. Such realtors have years of experience in all essential aspects of condos. For example, they can help you explain condo association documents which are very important. Also, most condominium communities require members to sign additional contracts to the sale contract before sealing the purchase. These contracts explicitly state that you understand and agree to the stipulated community policies. Experienced agents are usually familiar with these situations as they’ve been through them countless times. They will guide you through the process and ensure you don’t miss any important clauses in the document. Also, it is probable that experienced agents know a lot of condos in your city, so they know which ones are faulty or are not up to standard and the suitable ones. However, no matter how experienced and honest your agent might be, you must check out the community yourself to get firsthand experience. Visit the neighborhood at different times and chat with some residents, asking them about things that concern you the most, like security and social amenities. In addition to hiring a realtor, consider your mortgage options. It is best to look for condos that have Federal Housing Administration (FHA) approval.

Important Considerations when Buying a Condo

Stuart Hansen

Moving into a new apartment can be very satisfying, especially when it's potentially a step up from the current one. However, looking for the ideal apartment can be tasking and frustrating as people may have to check out several places in many different locations. Even when it seems like they may have found the ideal place, some fundamental problems associated with the apartment may not be detected easily. One of the most important things to look out for is the neighborhood of the apartment. Before making financial commitments, it is vital to move around the neighborhood to see its functionality firsthand. There are various facets of an area that individuals must assess to ensure they match their expectations. One of these facets is security, as a neighborhood might seem safe but isn't. However, people can use crime reporting websites like CrimeReports, The National Sex Offender Public Website, NeighborhoodScout, City Profile Reports, and Family Watchdog. These platforms usually provide unbiased crime reporting across many neighborhoods. Another facet of the neighborhood worth considering is community hygiene. People must pay attention to little details like trash around the area and the level of care neighbors show to their surroundings. It is also essential to watch out for the hygiene of next-door neighbors, as people can easily be affected by their neighbor's lousy hygiene manifestation like rodent problems. Another vital factor to consider when renting an apartment is the landlord. The type of landlord can determine how a tenant fares in an apartment. Having the wrong landlord with bad landlord-tenant ethics and unfairness may subject a person to a terrible tenancy experience and lead to frequent litigations. However, people can prevent such scenarios by being proactive, like arranging a meeting with the landlord, as talking over the phone may not suffice. By meeting with the landlord and having an extensive discussion, prospective tenants can assess their personalities to determine if they are on the same page. They must also use the opportunity to clarify issues that may cause problems or misunderstandings with the landlord or property manager. Also, people must consider the phone reception inside the apartment. Smartphones have become a crucial part of virtually every adult person's daily life. People rely on it for several vital things every day, so it is a significant problem if people cannot properly utilize their phones inside an apartment due to bad reception. To avoid this problem, prospective tenants must use their phones to make calls and access the internet to ensure the reception is standard when they enter an apartment. It is also essential they do this reception trial from different apartment areas. Lastly, individuals must look out for basic apartment amenities. When people check out different apartments, they must ensure the available amenities satisfy their expectations. There are several amenities that an apartment

Things to Consider Before Renting an Apartment

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Every business, irrespective of the industry they operate in, uses assets that further and facilitate the company's goals. These assets could be financial assets like capital, building the business runs out of, or digital assets like patents and intellectual property. Assets can not promote and contribute to the progress of the business without a capable asset manager at the helm of their operations. Every company needs a professional asset manager with the proper knowledge of their various asset classes. An innovative and quality asset manager should have the ability to make reasoned decisions. This means they must possess good experience conducting feasibility studies while also putting together reports on whether refurbishment or disposal of individual assets is a good option and recommending acquisition if needed. It is also essential to focus on individual assets and determine their impact on the financial and operational performance of the entire portfolio. Any good asset manager must possess excellent reporting skills. This is because asset managers are expected to report to the fund managers or clients the operational and financial status of the whole portfolio. This also concerns any individual assets that are managed. Most employers keep an eye out for prospective employees that possess prior knowledge of asset management when hiring. However, it is pretty unpopular to see individuals with no previous knowledge of asset management get accepted for the role of an asset manager in a company. Whether gained through client-side roles or consultancy, it is crucial to have experience in this field. An excellent way to gain experience would be to start with property management. This can equip any prospective asset manager with the fundamentals they might need to progress in the industry. Becoming a successful asset manager involves mastering asset valuation. Performing an asset valuation can be quite tasking and can be as much of an art as technical. This is because an asset's value can only be estimated from future cash flows, which is difficult to predict and subject to hundreds of variables.

Qualities of a Good Asset Manager

Stuart Hansen

Over the years, asset management has become a huge sector in the United States. According to PWC, globally, asset managers managed $110 trillion worth of assets in 2020. This is a substantial 40 percent increase compared to what was applied in 2015. Asset managers are primarily saddled with making investment decisions, managing risks, and creating wealth. Asset managers often manage corporations, governments, the wealthy, and corporate investors. While some asset managers might work individually, some are employed by asset-management companies, banks, and other financial institutions. Asset management can be broadly divided into infrastructure management, enterprise asset management, financial asset management, and public asset management. Financial assets are one of the most managed assets. Financial asset management involves the management of client investment accounts and investment funds. Mutual funds, bonds, and cash are examples of financial investment. In managing financial assets, the asset manager gets the client acquainted with the risk involved with owning a particular financial asset. They assess the various financial assets the client must deposit while helping them chart a path to their financial goals. Similarly, asset managers also manage digital assets. Digital asset refers to materials or contents that can be stored digitally. Today, examples of digital assets have taken a broader form. Photos, documents, videos, and blog posts are considered digital assets.

Various Types of Asset Management

Stuart Hansen

A real estate consultant, otherwise known as a real estate advisor, specializes in sharing informed advice and opinion with clients who intend to purchase or make other kinds of investments in real estate. Real estate consultants often deal with clients who intend to invest in real estate commercially. Hence, they rarely deal with people who invest in real estate for domestic purposes. To be a professional real estate consultant, one must be licensed and sometimes earn a Counselors of Real Estate (CRE) designation. Real estate consultants often function as back-end experts who conduct detailed research or guide their clients through real estate investment decisions. Their advice usually entails a broader scope, as they focus on the overall success of investment decisions rather than assessing them in isolation.

The Pros of Hiring a Real Estate Consultant

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A multi-asset fund, also known as a multiple-asset or multi-asset class, is an assortment of investments with comparable characteristics governed by the same rules and regulations. A multi-asset investor's portfolio could include a combination of bonds, cash, and real estate, whereas a single-class investor might only have stocks. There are different kinds of multi-asset funds, one of them is hedge funds. Hedge funds invest in both traditional and alternative asset classes, taking a multi-asset class strategy to invest. Investors in hedge funds are given the option to choose from various multi-asset class investments; the main benefit of these investments is that they diversify an investor's portfolio. Another type of multi-asset fund investment is target-date funds. Target-date funds are mutual funds that are designed to increase assets over a predetermined period. These funds are structured to meet an investor's financial needs at a future period, thus the phrase "target date." Most investors utilize a target-date fund to plan for their retirement. Also, investors preparing for an item of future expenditure are more likely to use target-date funds. Target-risk funds are another kind of multi-asset fund. A target-risk fund is a type of investment fund that holds a diversified mix of stocks, bonds, and other investments to achieve a particular risk profile. A target-risk fund manager is in charge of supervising all of the securities held by the fund to ensure that the degree of risk does not exceed or fall below the fund's target-risk exposure. Target-risk funds allow investors to modify their risk tolerance at any time during their lives. When investors are younger, they often desire greater risk or volatility, but they aim to limit their risk exposure as they become older and closer to retirement. Risk tolerance funds are another type of multi-asset fund. Many mutual fund providers offer multi-asset class funds tailored to the client's risk tolerance. For example, a larger equity allocation would be found in aggressive funds, while a higher allocation to safer assets would be found in conservative funds. A personal portfolio is another kind of multi-asset fund. One of the most fundamental ideas in investing and finance is the portfolio. Depending on the context, it can have a range of meanings. A portfolio is a collection of assets owned by one person or institution, such as stocks and bonds, real estate, or even cryptocurrencies. If a person has enough money, they could become their own asset manager and establish a multi-class portfolio. Another type of multi-asset fund is income funds. To provide regular income to investors, income funds involve investment in high dividend-paying equities, government securities, certificates of deposits, corporate bonds, money market instruments, and debentures. Income funds are a good option for investors who desire a steady and predictable income. This type of fund has a lower risk of defaulting. A

Types of Multi-Asset Funds

Stuart Hansen

An asset manager is a financial expert who manages money and securities on behalf of a client to increase the value of the assets. Asset managers trade, manage and invest assets such as cash, bonds, equities, precious metals, commodities, and real estate for their clients. They advise their customers on asset acquisitions and monitor, negotiate, and implement asset value and revenue-increasing strategies. There are various types of asset managers, including registered investment advisors (RIAs), financial advisors, robo-advisors, and wealth managers. A registered financial advisor (RIA) is an individual or a corporation that provides investment advice and portfolio management to high-net-worth individuals. RIAs have a fiduciary duty to their clients, which implies they have a moral commitment to provide financial advice that is always in their customers’ best interests. RIAs must also file with either the State Securities Administrator or the Securities and Exchange Commission. A registered financial advisor is a financial expert who consults and advises on a person’s or company’s finances. Financial advisers can assist people and businesses in achieving their financial objectives faster by advising them on how to build money, save expenditures, and erase debts. A financial advisor may help an individual save more money and create wealth. They can accomplish this by putting together an investment portfolio that is well matched to the client’s risk tolerance. Some clients are more prepared to take on risks if the possibility of a higher payout outweighs the possibility of losing money. On the other hand, more risk-averse clients may prefer a lower-risk portfolio, even if it entails fewer returns. Determining a person’s risk attitude can be challenging since a person’s risk attitude is influenced by various things. To have a thorough picture of their client, a financial counselor may inquire about their age, income, indebtedness, and savings. Financial advisors can give a second, unbiased perspective on corporate growth programs in the case of businesses. For example, if a firm is considering expanding its operations by establishing a new factory, financial consultants can assist in determining the project’s viability on their own. Robo-advisors are online services that provide automated, algorithm-driven financial advice with little human intervention. They use an online survey to collect information from clients about their financial situation and future goals and then use that knowledge to make suggestions and invest client money automatically. A stockbroker, also known as an investment broker, is a certified professional who may purchase and sell stocks on behalf of other investors. Stockbrokers are often hired by a brokerage or a broker-dealer and are regulated by the Securities and Exchange Commission (SEC). Stockbrokers operate on commission, and their fee is generally a proportion of the trade’s value.

Types of Asset Managers

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Construction project management is an essential aspect of building development. It turns any construction idea or vision into a reality, irrespective of the scope, size, or time frame. Proper project management and following essential steps can give an exciting building experience. Building the ideal construction project involves following some crucial steps to execute a successful construction project. The planning and design phase involves the conception of the project before any concrete building designs are even made. This is the part of construction project management where the location of the proposed building is determined and also if it meets the standards of the proper jurisdictional authorities. After doing this, it is important to employ an architect who can check the feasibility of the project and if it aligns with the primary objectives of the building. When all these are done, the project manager, owner, and architect collaborate to put the owner's idea on paper. This includes the schematic design and outlines of the objectives of the building. After the engineer and architect complete the building design, the final contact documents for the building are put together. Individuals willing to place bids to work on the project can use these documents.

Essential Stages of Construction Project Management

Stuart Hansen

Suppose an individual purchases a property and doesn't have the time, knowledge, or experience to manage it daily. In that case, they hire a property manager to handle the business activities. Simply put, the job of a property manager involves becoming an intermediary between the property owner and the tenant and taking on the responsibility of the property's maintenance, operations, and administration. The duties of a property manager often depend on the rate at which they are paid, the type of property they manage, and the terms of the agreed management contract. The primary job of a property manager is to handle the daily activities of a unit of real estate. They are required to have a working knowledge of the laws and regulations of the industry of the property they are managing, whether it is residential or industrial housing. Overseeing the maintenance, rent collection, budgets, and rental property records is their primary objective as they work per the property owner's goals. It is also essential that they familiarize themselves with the state and federal laws that govern dealing with tenants, including screening tenants to handling security deposits, conducting evictions, and terminating leases.

The Fundamental Roles of a Property Manager

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Luxury might be subjective and might mean different things to different people. However, according to Apartmentguide, luxury apartments are big and spacious apartments with state-of-the-art appliances, luxurious amenities, and in a high-brow environment. Contrary to this definition, not all luxury apartments are in prime or high-income environments and neighborhoods, as some are majorly in low-income areas. Luxury apartments often impact the neighborhoods in which they are located.

How Luxury Apartments Impact Housing Costs

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Selling and purchasing real estate properties can be a tedious and strenuous activity. Fortunately, real estate companies ease the execution process of real estate transactions. While getting a good real estate company will ascertain a smooth sale or acquisition of properties, the uphill task is to find a company that will deliver the superior quality of service you desire. That is why many property buyers and sellers prefer using a family-owned company because it comes with some unique features. Ideal companies should make a client feel calm and confident by showcasing the element of reliability within all its business operations. For instance, they should deliver progress reports to help clients understand what is happening. You can learn much about a family-owned company's stability based on its accomplishments over the years it has been in operation.

Why Use a Family-Owned Real Estate Company?

Stuart Hansen

Shopping for a new home is a strenuous activity, and you can use all the help you can get to ensure you get the ideal home. Luckily, you don’t have to start from scratch in your quest for a new home. The most common mistake that people make when selecting a place to call their home is the failure to take ample time to analyze and understand what they truly want. The contemporary world is primarily influenced by social and mainstream media, making people want things simply because others have them. Imagine purchasing that mansion mainly because you have noticed your friends on social media prefer villas, only to find out later that it is not what you needed in the first place. A bigger house is not necessarily better. For that reason, assess the number of your occupants and select a house with just enough rooms to ensure your next home will be comfortable for everyone. Note down the aspects you would want your home to have based on your personality and the utility you genuinely desire to gain from your new home.

Tips When Searching for Your Next Home

Stuart Hansen

Asset management is a salient determinant of success in any business enterprise. The effective management of an organization's assets helps ensure a seamless assessment of investments. This process guarantees that the required level of quality desired for assets is upheld through regular maintenance practices. It also helps to ascertain that a company’s assets are kept safe, and an organization complies with requirements from both insurance companies and the government. Managing assets is difficult, especially if an organization has many investments. Therefore, the intricacy inherent in asset management emphasizes the need to be strategic in approaching the issue. You may want to start by assembling a team of qualified asset management professionals. The size of this team depends on the organization's size.

Factors to Consider in Asset Management

Stuart Hansen

Based in Los Angeles, California, Shelter Asset Management (SAM) is a real estate advisory and consultancy firm founded in 2008. Its expertise involves devising and implementing the construction of single-family, subdivision, multi-family, and mixed used buildings. Among its projects, the firm has produced concept developments for mid-rise and high-rise buildings in the reinvigorated downtown LA area. Once neglected downtown LA has been revitalized since the opening of the Walt Disney Concert Hall. When the venue opened its doors in 2003, it quickly became a downtown landmark. The shavings of silver waves that form the building sits next to a leafy parking lot, which has come to be a meeting point or a place where office workers congregate for lunch or a quick break. Meanwhile, the ground-level theater hosts groundbreaking performances.

Walt Disney Concert Hall and Legislation Revitalizes Downtown LA

Stuart Hansen

Since its inception in 2010, the Ironstone Building Company has worked toward building reasonably priced, quality homes and townhouses across London, Ontario. The company’s management team with a combined experience of 40 years has constructed over 1,000 homes. In the last few years, Ironstone has been credited with drawing people to the Hyde Park area because of their modern home designs. Cali at Hyde Park Meadows II, for example, illustrates the team’s quality home building and expertise. The standard construction materials the company uses includes 9-inch concrete-poured walls treated with damp-proof substance and sealed with a plastic membrane. The floor joists and exterior wall studs are made from spruce wood, and sturdy plywood that is glued, screwed, and nailed down comprise the underfloor.

Ironstone’s Cali at Hyde Park Meadows Offers Modern Mid-Sized Homes

Stuart Hansen

After operating for 50 years in Canada, the Drewco Development Corporation and Drewlo Holdings entered the US apartment market as a part of its growth strategy for the next half century in 2008. Associated firms include Marquee Asset Management, which offers diverse investment options through Shelter Asset Management and SAM Residential Group, LLC. The Drewco/Drewlo family of companies ranks as Canada’s ninth largest rental housing provider and was recognized as the Best Rental Housing Provider nationally by the Canadian Federation of Apartment Associations in 2021. Together, Drewco/Drewlo form an impressive portfolio of real estate, development, and construction companies. This family company’s story begins with Eugen Drewlo, who started the multi-family rental company in 1958. Since its inception 63 years ago, Drewlo Holdings has owned, constructed, and operated nearly 10,000 apartment units spanning 70 locations across southwestern Ontario in Burlington, Sarnia, London, Kitchener, and Woodstock.

Drewlo Holdings, Real Estate Development and Investment Professionals

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Commercial real estate investments commonly use mezzanine debt, also called subordinated debt, to boost levered returns. It is one of the four main components of the real estate capital stack, along with senior debt, preferred equity, and common equity. The real estate capital stack incorporates the different types of funding used to finance commercial real estate projects. It also indicates their hierarchy and related order of distributing property income and profits. In this respect, senior debt, which is at the bottom of the stake, takes priority over mezzanine debt that sits on top of it, and mezzanine debt takes priority over preferred equity, which is above it. The intermediate position of mezzanine debt between senior debt and preferred equity has endowed it with hybrid character. It possesses features of both debts and investments while having several distinctions. Mezzanine debt has interest rates and maturity dates like senior debt. However, its interest rates are higher. Also, unlike senior debt that has the underlying property as collateral, mezzanine debt is secured by a pledge of interest in the entity that owns the property.

Mezzanine Debt in Real Estate Investing - Features and Applications

Stuart Hansen

Homebuyers in Canada may choose from a variety of financial incentives the national government offers. These include first-time homebuyer incentives, tax credits, and rebates as well as grants and loans. As the name suggests, the First-Time Home Buyer Incentive program supports people purchasing a home for the first time. Fundamentally, this is a shared equity mortgage with the Canadian government. The incentive enables first-time homebuyers who have saved the minimum down payment for an insured mortgage to borrow 5 percent or 10 percent of the home’s purchase price from the government. The borrowed amount depends on what property prospective homebuyers would like to purchase. Existing homes and new and existing mobile or manufactured homes are eligible for 5 percent, while new constructions can get 5 percent or 10 percent. Besides the people who have never purchased a home, the government defines first-time homebuyers as people who have not resided in a home owned by either them or their marital or common-law partners for the last four years, and people whose marriage or common-law partnership has broken down recently. In addition to these criteria, incentive applicants must also meet several other requirements related to their total annual income, citizenship, and total borrowing amount. If approved for the incentive, homebuyers must pay back the same 5 percent or 10 percent after 25 years or when they sell the home. The Home Buyers’ Amount is an example of a tax credit program offered by the Canadian government. It provides buyers who have acquired a qualified property during the year with a $5,000 non-refundable income tax credit. The federal tax relief for eligible individuals could amount to $750. Successful applicants must meet two main eligibility criteria. The first stipulates that either the individual or their marital or common-law partner must have purchased the qualifying home. The second requires that the individual not reside in another property possessed by them or their partner in the year of or in any of the four years preceding the purchase.

Government of Canada Financial Support Programs for Homebuyers

Stuart Hansen

More from Stuart Hansen (20)

Essential Factors to Consider When Investing in Real Estate

Benefits of Investing in Condominiums

Important Considerations when Buying a Condo

Things to Consider Before Renting an Apartment

Qualities of a Good Asset Manager

Various Types of Asset Management

The Pros of Hiring a Real Estate Consultant

Types of Multi-Asset Funds

Types of Asset Managers

Essential Stages of Construction Project Management

The Fundamental Roles of a Property Manager

How Luxury Apartments Impact Housing Costs

Why Use a Family-Owned Real Estate Company?

Tips When Searching for Your Next Home

Factors to Consider in Asset Management

Walt Disney Concert Hall and Legislation Revitalizes Downtown LA

Ironstone’s Cali at Hyde Park Meadows Offers Modern Mid-Sized Homes

Drewlo Holdings, Real Estate Development and Investment Professionals

Mezzanine Debt in Real Estate Investing - Features and Applications

Government of Canada Financial Support Programs for Homebuyers

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1. BLYTHWOOD PLACE III RENTAL APARTMENTS IN LONDON, ONTARIO STUART HANSEN

2. INTRODUCTION • With more than 25 years of experience in the hospitality and real estate industries, Stuart Hansen has been instrumental in Marquee Asset Management’s success in fostering relationships with investors from China and other Asian countries. As the vice president of the company, Stuart Hansen often coordinates with those from China and other Asian countries to manage their investments in the United States. Marque Asset Management is a subsidiary of Drewco Development Corporation owned by Allan Drewlo of Drewlo Holdings, a real estate company that oversees properties in Canada, including the Blythwood Place III.

3. BLYTHWOOD PLACE III • Blythwood Place III is a new rental apartment building located in London, Ontario, that consists of one-, two-, and three-bedroom suites with occupancy starting toward the end of 2018. Each of the apartments is furnished with walk-in closets, air conditioning system, laundry, and dishwasher. The apartments are finished with quartz countertops, carpeted floors, and crown molding. There are also several building amenities that are hard to miss, including an indoor saltwater pool and hot tub, a fitness room, social room, bike room, and covered and outdoor parking. Blythwood Place III is situated near restaurants and shopping centers, including Farm Boy, Rona, and Costco.

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