A photographer who went into an abandoned house to take pictures of its antiques found almost $7,000 in bundles of cash – and was then able to reunite it with its rightful owners after tracking.

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In the next three years the Reserve Banks has estimated 200,000 home loans will roll over to principal-and-interest payments, bumping up mortgage repayments by about $7000 a year for the average borrower. At the same time, changes to lending practices has made it more difficult.

 · The potential owners of the houses, some of which are very old and in bad shape, must agree to renovate their property within three years, with.

 · The Cost of Building a House. Note that the costs below are based upon building a home in Newfoundland (in 2007), but it should give you an approximate cost for other areas in Canada. $90-$95/sq ft of living space based on 2 story homes (ranch bungalows cost more/sq ft) – includes 10×10 patio, paved double driveway, and landscaping in front only ($150-$200/sq ft in 2013).

 · Great Return on Investment. In the United States, on average, finishing a basement will give you a return of 70 to 75% of your investment. For example, if you spent $1,000 on improvements, it would increase the value of the property by about $700. If you spent $10,000 on improvements, it would increase the value of the property by about $7,000.

DIVERSIFY!! You don’t want to put all your eggs in the real estate basket, and not all in the stock market basket. Why not put 1/3 down on a house and finance the rest. put 1/3 into a well-diversified mutual fund, and 1/3 into a diversified bond f.

 · Not surprisingly this is allowing some of the property pessimists to rub their hands in glee saying “I told you so.” Sure our property markets are experiencing a slowdown, and yes prices are falling a little in some locations, however we’re not in for a property crash and in a moment I’ll explain why.