Davelle Morrison

Appraisals are generally in line with market prices in Canada. How have traditional mortgage appraisals been affected by the recent Capital Gains Tax increase? Are there more people getting appraisals for tax planning purposes? How are people mitigating the Capital Gains Tax increase?

Investium is the platform where people meet to invest together in real estate. Join me as I have a conversation with Jonathan Faerman, Founder of Investium. How does his platform help like-minded real estate investors connect and pool their money to invest?

What is a Bare Trust and why does it need to be reported? How does it differ from other Trusts? What happens if a parent is on the Title of their children's property? Does a corporation need to file a Bare Trust?

Kola shares advice for improving chances of securing a mortgage for self-employed people. How can homeowners use debt consolidation through mortgages to reduce their debt burden? How can someone utilize their mortgage when it comes to investing in a second property? Given divorce is challenging, especially when it comes to shared properties, what are some key considerations to ensure a smooth transition for both parties?

Travis Comstock, Real Estate Agent, gives us his insights on the real estate market in Costa Rica. Why are Canadians and Americans buying real estate in Costa Rica? What are the procedues of buying there?Contact Travis Comstock:+1 (614)499-3911travis@remax-ocr.comhttps://travissellscostarica.com/

Tim O'Brien, a Paralegal at Riverview Legal Services, joins The Morrison Report to discuss his experiences with landlord and tenant disputes in the current real estate market. Tim shares some tips and advice he would give to his landlord and tenant clients.Contact Tim O'Brien:(226) 600-1076 (ext. 4) tobrien@riverview.legal https://riverview.legal

Clare Platt from The Next Steps Forward joins us to share her tips on moving home effectively, overcoming the challenges with moving and tips on decluttering before selling.https://thenextstepforward.ca/

What's going on in the Canadian housing market? Vice President of Market Research, Pauline Lierman, joins us to discuss the trends of the real estate market across the country and where we're headed. We also discussed new developments affecting the market in cities such as Toronto.

Adam Morke, Accountant at Stern Cohen, joins us to explain what the Federal Underused Housing Tax is. What's the difference between this and the City of Toronto's Vacant Home Tax? and who needs to file it?

What does family law encapsulate? What's the difference between common law and marriage? What do marriage contracts, cohabitation agreements and prenutual agreements contain? How should someone navigate divorce or separation? Jeffrey Mammon, a Family Lawyer, joins us to get into the details.

What's it like buying real estate in Parry Sound, Ontario? Where is the market headed? What can you expect from buying a vacation rental property? Jim Marshall, Realtor®, takes us through the details of the benefits of buying real estate in Parry Sound.

Real estate is usually the most expensive purchase for people. Why should people consider getting a home inspection done on their house or condo? Lisa Simkins from Superior Home Inspectors joins me to explain.Superior Home Inspectors: www.superiorhomeinspectors.ca

Ben Myers, President of Bullpen Research & Consulting Inc., joins me as we talk about changes in Toronto's pre-construction condo market over the past several years, interest rates increase, hikes in development charges and how the housing market is being affected.

Jim Jiang, Mortgage Agent from Outline Financial, joins me as we chat about the proposed rules from Office of the Superintendent of Financial Institutions (OSFI) and what the upcoming mortgage rule changes might mean for buyers.

Mark Richardson, Technical Volunteer Lead at HousingNowTO.com and Chief Technology Officer at Rich Analytics, joins us to talk about affordable housing in Toronto. We dive into duplexes, triplexes, laneway housing, garden suites, increased density and rooming houses. We also look at the overall landscape of housing in Toronto and where it's headed.

Betty Cathrow joins us to talk about the buying process of real estate in Barbados, the sales and rental market, and interesting trends she's seeing right now.

Chris Spoke joins me on The Morrison Report to talk about Ontario's Greenbelt issues, Bill 123 and housing policy changes, development charges, homeless issues in Toronto, and affordable housing.

Jon Juffs, Director of McIntosh Perry, joins me to discuss how Reserve Funds work in condo buildings and the state of disrepair of condos.

Interview with Sean Galbraith (Urban Planner) about recent updates in real estate development and planning in Ontario. Doug Ford extending the Green Belt for more housing, environmental issues, new infrastructure, City of Toronto development charges.

In this episode, Patrick Egan (Realtor) and Eric Baldwin (Investor) dive into what it's like to live and invest in Meaford, Ontario.

Join me as I speak to Realtor Derek Carkner of Ryan Donner & Associates about real estate in Puerto Vallarta.

Check out my latest podcast interview with Residential & Commercial Mortgage Broker, Jim Jiang, from Outline Financial where we discuss variable vs fixed rates & HELOCs.

Family Lawyer, Kathleen Laverick, on what you need to know about getting separated, divorced, custody arrangements and living together and how the pandemic affected everything.

Psychotherapist, Valerie Smith, talks about coping mechanisms for our new life under quarantine, meditation, gratitude & anxiety.

I interview Dr Lisa Weeks, Naturopathic Doctor, on healthy eating habits while we are spending more time cooking and eating at home.

Now that all of our favourite gyms are closed, it’s time to get serious about working out at home. Join me as I interview Fitness Coach, Funk Roberts on what we should be doing at home to stay fit and in shape.

Accountant, Anthony Barone, takes us through what we need to know during the crisis. What do the new tax deadlines mean? Applying for CERB and what the tax implications are.

Interview with Mortgage Broker Sheldon Brown as we talk about mortgage deferrals, lines of credit, refinancing, mortgage approvals and interest rates.

I interview Employment Lawyer, Hermie Abraham, as we discuss job loss, layoffs, being fired or furloughed.

During this crisis, how do we entrepreneurs navigate through it? Mindset Coach, Jennifer Trask, tells us how.

Now that most of us are working from home, I thought it would be great to speak with Alejandro Escudero of Binarium to find the best ways to work from home from an IT perspective? What's the best methods to care for our laptops? What cloud storage we should use? How do we stay in touch with colleagues? So I thought I would have a conversation with Jane Durst-Pulkys, metabolic balance coach about how I can prevent the quarantine 15.

Talking With A Metabolic Balance Coach During The Quarantine March 25, 2020 by Davelle Morrison Are you afraid of gaining the Quarantine 15? You know like the Freshman 15 from university. The 15 pounds you gained after living in residence? I don’t know about you but after shopping for the apocalypse I now have a house and fridge full of food. I’m not used to it and I find myself snacking constantly. So I thought I would have a conversation with Jane Durst-Pulkys, metabolic balance coach about how I can prevent the quarantine 15.

Guest Speaker: Sean Galbraith, Principle & Owner of Galbraith & Associates • What does the City of Toronto mean by secondary suites? • Why are secondary suites important? • His thoughts on the city looking at the secondary suite issue and boundaries the city has set • His thoughts on parking requirements • What is the front wall restriction? • Advice on building secondary suites

Guest Speaker: Craig Race (Co-Founder of Lanescape) Craig’s design process focuses on environmental and contextual sensitivity. His skill in crafting buildings that fit sensitively into their surroundings has engendered a passion for laneway development. • When was Laneway housing was approved in Toronto? • Have there been a flood of applications for Laneway houses? • What are the benefits of Laneway housing? • What are the requirements for someone to be allowed to have a Laneway house? • Do they need their neighbour’s approval, for example, do they have to go to the committee of adjustment? • What does Lanescape do? • How long does the approval process take? • What are the costs like? • What if a homeowner wants to sever their laneway house and sell it to someone? • What’s the timeline from start to finish from when someone first meets Lanescape to when their laneway house is completed? • Can you create more than one apartment with the Laneway house?

In this episode, I talk about becoming an Airbnb host/superhost. I decided to buy a 6plex in Prince Edward County, on top of Airbnb'ing out my own basement apartment. The rewards have been quite amazing. Decking out the place's decor really does help!

Guest Speaker: James Guitard, Tax Consultant at FBC Inc. • What is FBC? How long have they been in business and what they do? • The areas James you specializes in • His interactions with the CRA? • As a tax professional, what does James see as the biggest ways for Canadian to build their wealth? • Airbnb & tax reporting • Reporting AirBnb income and HST implications? • Other tips for real estate investors • If someone wants to meet with James, what do they need to prepare?

Guest Speaker: Michelle Binette, an Interior Decorator Michelle recently did all the décor and design for a 6-plex investment property in Prince Edward County that I co-own with some friends. We re-branded it the Mary Street Guesthouse to rent out all of the suites on AirBnB. We were having a hard time finding a decorator who was interested in working on this project so I reached out to Michelle to see if she was interested. • Her thoughts when she was first contacted. • The first step she took when she decided the project was for her • Her thoughts on first seeing the Mary Street Guesthouse • Has she done a project this big before? Was she overwhelmed at all? How did she deal with it? • So there were 4 of us with different tastes chiming in as to the colours that you wanted to use. How did she manage to deal with all of us? • How did she put together a décor plan for the guesthouse? • Was it ever confusing for her? How much time did she spend planning for it? • What was it like when she first came on site to actually decorate the spaces? • How did she make them unique? • What does she wish that she would have done differently? • Is there a difference to decorating for a person who plans to live there as opposed to an AirBnB?

As a real estate investor, I’m always looking for new opportunities to increase my revenues. Until recently, I was pretty set in my ways and only wanted properties in Toronto. I also only wanted long-term tenants. Well, for me, times have changed. Last year, I decided to invest outside of Toronto so I invested in Prince Edward County, a tourist region about 2½ hours east of Toronto. I purchased a 4-plex with a couple of friends. Compared to Toronto, the prices in The County (as it’s known) are super cheap. Here are all the tips I've learned along the way.

Guest Speaker: Dalia Barsoum, Mortgage Broker with Streetwise Mortgages • At the Investor Forum Conference, Dalia shared with us some great ideas about how investors could increase their income so that they could improve their chances of being approved for a mortgage, what would she suggest they do about their income if they are self-employed? • Would she suggest any changes to their amortizations on existing properties? • How does she suggest balancing personal debt and home owner’s line of equity debt? • What effects has she noticed in the market place as a result of the new mortgage rules requiring a stress test of anyone putting down more than 20% on a home? • Are the bank's rules changing any time soon? • Any predictions for Bank of Canada rate increases this year? • Is there an urgency for people who want to take equity out of their homes and use it? • How should people structure their mortgages? • Suggestions for real estate investors trying to get financing? • How can people make sure they are prepared when they come to see Dalia?

Guest Speaker: Alex Lukey, photographer extraordinaire • How did you get started in the photography business? • What was your first job? • How did you break into editorial work for magazines? • For a magazine editorial piece what makes a good picture? • Is there a difference in what you need to do to photograph a house vs a person or outdoor space? • What are some of the tricks of the trade to take a shot to make a room look bigger? • In the city of Toronto, what are some of the coolest places you’ve shot? • What was the most spectacular home that you’ve shot? • How does colour affect your pictures for example shooting a room that is predominantly whites & greys vs one with some colour? What tends to look better in pictures? • How does light throughout the year affect your indoor pictures for example summer vs winter or fall pictures? • Are there certain colours or decorating styles that you’re noticing more of lately? • In your own home, do you have anyone else’s pictures up or just your own? • Who are your photography icons that have inspired your work?

Guest Speaker: Steven G, Interior Designer • What the difference between and interior designer and a decorator? • How does one choose the right interior designer? • What project are you most proud of? • How long can projects take? • What do you think people like most about the homes you have created? • What trends have you seen change over the years? • What kinds of projects are you to hoping to work on next? • What kinds of projects do you like working on the most? • Can you tell us what kinds of challenges you face on a regular basis? • What trends are you seeing in interiors?

Guest Speaker: Tony Iacoviello, Sales Representative with RE/MAX ESCARPMENT REALTY INC, in Hamilton, Ontario. There's been a huge influx of real estate investments in Hamilton. Tony's here to give us the nitty-gritty details. • What is the Hamilton area comprised of? • Why should people purchase property in Hamilton? Why is now a good time? • What kind of people are moving to Hamilton? • What are the price ranges for property? • The lifestyle in Hamilton • The demographic of people and the industries in Hamilton • The improvements coming down the road • The areas Tony sees as better buys and places where there will be a lot demand

Guest Speaker: Patricia Ee, from Canaroma Bathrooms are one of the most important rooms in a house. When people are looking to add significant value to their homes, doing a bathroom renovation is very important for resale value. • What does Canaroma do? • Whereabouts is Canaroma located? • Are Canaroma's items at any of the shows in the city, like Interior Design show etc? • What trends has Patricia noticed over the years when it comes to bathrooms? • What are the current trends? In sinks, tubs, vanities, tiles? • How much does it cost to outfit a new bathroom? • How often does Patricia recommend that someone update their bathroom? • Where does Canaroma source your merchandise from and where do your buyers find new items to stock? • Are more people redoing their bathrooms these days? Is business strong?

- What are the details to make sure are working in the house? - Why is painting the house in bright colours very important? - Declutter, declutter, declutter - My experiences with staging - Why is the placement of the TV so important? - Why the neighbours heavily impact the resale value

Guest Speaker: Ben Sammut, Mortgage Broker with Mortgage Architects This episode is about the new mortgage rules and how homeowners who have no interest in buying or selling their home can help those looking to purchase a home. • What is the new stress test is and how it will affect people? • How will it affect self-employed people? • Where else can people look if they get turned away from the banks? • If you have a lot of equity in your home and have no plans to buy or sell for awhile, what can you do? • Is that a secure investment? • How does an investor get matched with someone who needs money? • How does private investing work? • What kind of return can someone expect on their money?

On this special episode of the Morrison Report podcast, I talk about the mortgage rules and what they'll mean for everybody. - The details of the new rules - Whom these new mortgage rules will affect - What is a 'Stress Test'? - Who will be affected by the 'Stress Test'? - What does it mean for a home buyer's affordability?

Guest Speaker: Susan White Livermore, Real estate investor in Barrie, Ontario • How Susan came to be a real estate investor • What is compelling about Barrie and why does she think that people should invest there? • What kinds of properties are available for people to invest in? • What is the range of pricing? • What kinds of rules or regulations exist for investors, such as student housing? • How is the vacation rental market there? Do people use AirBNB? • What demographic of people are generally in Barrie? • What improvements are coming down the road there? • The other areas Susan invests in • How does she structure her real estate investments when she brings on partners? What kinds of agreements does she have in place? What if someone wants out? • Her shift in investment strategies

Guest Speaker: Mark Purdy, Rental Rebate Tax Consultant - What has Mark been up to? - How Mark got started in this business - How you can get your HST back on new construction - How many claims on delays on new construction does Mark see? - What most people don't know about claims on construction - The fine line between closing and occupancy time for when to make a claim - What lawyers don't know and won't tell you - What happens when there are delays because of reasons that the builder cannot control?

Joining us today is Aziz Sidi, recently purchased an investment property in Prince Edward County. Thanks so much for joining us, Aziz. Welcome. • Can you tell our listeners about your real estate & real estate investing experience? And was this your first investment property? • How did you hear of Prince Edward County? • Why did you choose to invest there? • Do you think other investors should consider Prince Edward County? • How long did it take you to make a purchase in the County? • Can you tell us a little about the property that you purchased and how did you know when you had found the right property? • Why did you decide to purchase a place in town vs on the water or in the country? • How much did it cost? • What renovations did you have to do to get it to your standards? • How much did you have to spend on your renovations & furnishings? • Where did you place ads to start renting it out? • Did you promote your places anywhere else? • How long did it take to get your first booking? • How is it going now? How booked would you say your place is? • From your experience how is the vacation rental market in Prince Edward County? • How do you price your rentals to get the optimal dollars for them? • Do you ever use the place yourself? • How do you find the distance since PEC is 2 hours away from Toronto? • What are some of the big challenges you’ve faced? • Do you manage the property yourself or do you have a property manager? • How much in rental income do you think you might pull in this year approximately? • Would you recommend that others purchase a place in the County? • Is there anything else you think my listeners should know? • I always like to ask my interviewees instead of what’s your favourite book but do you rent or do you own and what part of Toronto do you live in?

Guest Speaker: IJ Schecter, one of my clients I recently helped IJ purchase a condo for his family. • Why did you decide to purchase a condo? • After you decided to wanted to purchase place, how did you decide to select an agent? • IJ, there are a lot of agents to choose from, why did you select me over all the other agents that you could have listed with? • What kind of place were you looking for? • Did you find that your expectations of what you wanted changed over time? • How did you feel about the length of time it took to find you a place? • What was the biggest surprise you had in purchasing a condo? • What do you think I did as an agent that was must helpful in the sales process? • How did you feel during the offer process? • How did you feel when got the condo you wanted? • How do you feel now that you have been living in your new place for a couple months? • How do your kids like the space? • What advice do you have for our listeners who are thinking of buying or selling?

Guest Speaker: Sean Galbraith, Principle and Owner of Galbraith & Associates • What is an urban planner and what does his company do? • Why do developers need to work with a professional like Sean? • What’s involved in putting together a development application? • How long does it usually take for a developer to put together and then build a project? • What is the OMB (Ontario Municipal Board)? • What changes are about to happen to the OMB and how Sean feels about them • What is the yellow belt? • How Sean feels about the City of Toronto making use of the available land we have. Is there too much or not enough density? • The impact of adding more density to our city • What Sean thinks we should be doing to create more affordable housing • Does Sean rent or own? what part of the city does he live in?