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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, January 25, 2017

Short-term rentals recoup home price faster than long-term tenants

Homeowners could recoup the purchase price of their homes faster through short-term rentals such as Airbnb compared to a long-term rental strategy.

British real estate firm Nested analyzed home price data from HSBC and the World Bank and average rental costs in 75 global cities which revealed just how much faster short-term rentals can bring a return on investment.

In Canada, Montreal ranks the best. To recoup the cost of an average-priced home ($354,371) would take 273 months at an average rent of $1,296. Short-term rentals would bring in $4,816 per month, recouping the cost of the home in just 74 months.

In Toronto, an average home costing $615,737 would mean renting for 297 months at an average $2,073 rent; with short-term rentals, the cost would be recouped in just 135 months.

Meanwhile, the cost of an average Vancouver home ($865,344) would be recouped in 214 months from short-term rentals compared to 341 months with long-term tenants.

MBN

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