REIN Awards Distinction of Excellence to Shannon Murree

Congrats to Shannon Murree (Team lead of Shannon Murree Real Estate Team) getting one of REIN's top awards!

The Real Estate Investment Network™ (REIN Ltd.) is Canada's leading Real Estate Education program.

REIN Awards are a distinction of excellence. It's not just about the number of buildings or doors that a REIN member has purchased, they also look at:

Ethics
Contribution to the REIN Community
Contribution to other communities
Property selection
Financial performance
Innovation

What is special to the REIN Community about the "Michael Millenaar Memorial Leadership Award"?

Michael Millenaar was a very special member in the REIN Community many years ago and was always giving, did selfless acts, even while he was ill and getting treatments. He was respected & made such an impact that upon his passing, REIN (Founder) Don R. Campbell and (CEO) Patrick Francey created the Michael Millenaar Memorial Leadership Award.

This is awarded to a Member who has gone above and beyond the call of duty in assisting other Members to become successful in their real estate acquisitions. The member has willingly completed selfless acts, shared their knowledge, made others feel welcome, and done it all without ever asking for anything in return. This is truly someone who understands the philosophy of: "The More You Give, The More You Get In Return."

Upon winning the award Shannon said "Be the change you want to see and never stop. There's so much more for us to do".

Last year, Shannon was also the recipient of REIN REALTOR of the Year
(nominated by members and given to the real estate agent and/or broker that best serves REIN Members, from finding the perfect investment opportunities, to bringing new buyers/tenants to clients.)

To reach out to Shannon's team - can call or go to InvestingInBarrie.com

Congratulations again Shannon!

Shannon Murree who won the Michael Millenaar Memorial Achievement Award for Ontario!

Shannon joined REIN in November 2008 and added 3 properties to her portfolio this year.
Shannon has contributed to the REIN community by coaching and inspiring change and action taking among the members. She helps people to analyze properties and to overcome analysis paralysis and the scariness of buying their first property.
In 2014, Shannon gave back by spearheading the REIN’s Soles4Souls shoe drive in Toronto. She believes in walking her talk and making a difference to those around her

Income property ‘debt’ is an investor’s best friend

Older Canadians may be scratching their heads at a new poll that suggests many don't consider mortgages to be debt, but one expert says there is no denying what income property debt is: it's "good news."

Paul Kondakos, founder of RealtyHub, says: “Many believe that 'debt’ is a four-letter word. However, when used responsibly, debt can be an investor’s best friend.

“Debt used to acquire an income-producing property is considered to be good debt because it facilitates the acquisition of the investment property. The investment property, in turn, not only services the debt associated with the mortgage, it actually generates cash flow for the investor.”

The Manulife Bank Debt Survey, which was published this week, questioned 2,373 Canadians about their levels of debt. More than a quarter (27 per cent) of respondents said they don’t consider their mortgage to be part of their debt.

“In the case of a principal residence, the debt (mortgage) is something that has to be serviced by the owners (assuming the property doesn't have an income suite/rental apartment),” says Kondakos. 

“The 27 per cent of respondents who didn't consider their mortgage to be a part of their debt have likely had their perception tainted because of the year-over-year gains we have been seeing in the housing market for the past few years now.”

The report also found:

• Approximately one in five of respondents expect to access their home equity to supplement their retirement income.
• 10 per cent of respondents plan to stay in their homes and borrow against home equity.
• Eight per cent plan to downsize and use the excess equity to provide retirement income.

“Often homeowners think of their home equity as a fallback plan for retirement income," says Rick Lunny, president and CEO of Manulife Bank of Canada. “The fact that one in five is proactively planning to use this strategy suggests they may be struggling to balance retirement saving with debt repayment.

“Retirees who use home equity to supplement their retirement risk leaving no legacy for their children or grandchildren. If home values fall, they could end up further in debt and have negative equity in the house."

Source: Canadian Real Estate Wealth Magazine - CREW  - BLOG BY JAMIE HENRY

Steady growth expected for Canada's housing market in 2015

Steady growth expected for Canada's housing market in 2015 -

With the New Year having only just begun, the housing outlook for 2015 across the country is generally bright.

The average residential sale price in Canada in 2014 was $406,145; that’s expected to increase this year to $416,300, according to the Re/Max 2015 Housing Market Outlook Report.

The report also found that several markets will flourish in 2015. Prices in Vancouver and Toronto will continue to climb, by about 3 and 4 per cent per cent, respectively. Other areas that are expected to see healthy gains include Kelowna, B.C., (7 per cent), Victoria (4 per cent), Windsor, Ont., (5 per cent) and Moncton (6 per cent).

Meanwhile, in other parts of the country, the average sale price will likely remain stable or rise modestly, such as in Montreal (1 per cent), Quebec City (1.5 per cent), Ottawa (1.6 per cent), and Sudbury, Ont. (1.6 per cent).

If you’re a homeowner, or looking to get into the market, keep an eye on these factors in the year ahead.via Yahoo Finance Canada

Our RE/MAX report is here: http://download.remax.ca/PR/HMO2015/Report/Outlook2015Final.pdf #Canada #RealEstate

The Shannon Murree Real Estate Team Grows!

Welcome Jacqueline Benn to the Shannon Murree Investing Team - we're here to be your ultimate resource for Real estate, investing, wealth creation, property management, workshops, seminars and more! http://InvestingInBarrie.com/ "Not Just Building, It's Building Relationships"