Its a good time to buy income/rental properties!

by | Jan 23, 2017 | Buyer Guide, Uncategorized | 0 comments

The Real Estate Market in London Ontario in 2017 is proving to be a sellers market already. The number of listings on the market now compared to this time last year is down. The Canadian Real Estate Association has released a report that explains the current market in more detail. Many buyers are finding it difficult to find a home due to high pricing, competitive markets and an over all shortage of listings. Instead of buying a home, many people are forced to stay where they are and further adding to the shortage of listing. When the demand for listings is so high, it forces the average home owner to look in other areas other than re-sale properties. Many choose to build new and this becomes a booming time for builders and developers. The income/rental market can also be very lucrative at a time like this. With first time homebuyers finding it increasingly harder to find their first property, they will look to find an upgraded rental as their next best option. Having a good money making income property thats well maintained and attractive to renters, may be one of the best investments to make in 2017. Rick Pinheiro – Broker of Record Pinheiro Realty Ltd. Here are some income properties currently listed in London, Ontario Income Properties Page1 &  Income Properties Page2  ...

Are Mortgage Rates and Home Prices Rising in Ontario?

by | Jan 4, 2017 | Market Trends | 0 comments

Quarterly Forecasts from the Canadian Real Estate Association “The national average price is now projected to rise by 10.5% to $489,500 in 2016, with a slightly smaller gain in British Columbia ($688,300; 8.1%) and a larger gain in Ontario ($535,700; 15.1%). Elsewhere, average prices are forecast to rise by 2.4% in Manitoba, 2.5% in Quebec and 1.9% in New Brunswick. Annual average prices in Alberta, Saskatchewan and Nova Scotia are projected to remain largely stable.” A quote from the following article:...

2016 Top Sales Award

by | Dec 19, 2016 | BLOG | 0 comments

KRIS ROMNES We are excited to congratulate Kris Romnes on winning the 2016 Top Sales Award. Over the last 8 years as a Realtor, Kris has proven to best. This past year was no different as he reached a personal best in winning his 4th Top Sales award. Thank you Kris for everything that you do! Amazing...

Sunrise Diner

by | Dec 18, 2016 | Rick's Listings | 0 comments

Sunrise Cafe – $54,900 1299 Oxford Street, East, London, Ontario     Perfect Diner in London! Known as the `Sunrise Cafe` this Diner/Restaurant is a Turn Key Operation with a successful track record. Diner is Located in Oxbury Mall at Highbury & Oxford, Close to JPII & Fanshawe College. Then entire Mall was recently purchased and new owners have been busy with renovations and acquiring great new tenants. The Diner is well maintained and comes complete with everything you need for a seamless transition to new owners. There is a lot more potential for this diner to grow even more in the future. Book an appointment today...