Extract: Hedonic price functions were estimated to determine the impact of degraded water quality on the value of seasonal homes adjacent to St. Albans Bay on Lake Champlain in northern Vermont. A rating of water quality and a zero-one location variable were used as alternative specifications of water quality. Degraded water quality of the bay had depressed adjacent property values by $4,500 on the average, or about 20 percent, compared with similar nearby properties on the larger but cleaner lake.

Prime vacation property throughout Canada has doubled in value within the past five years. For the potential buyer of a vacation property, the cost of entry can be stiff. There is a high demand for many to own a vacation home or idyllic retreat for pleasure and lifestyle enjoyment, future retirement, rental revenue, or investment profit. But buying a recreational property can be a potential minefield for many reasons, as there can be complex tax, legal, estate planning, and investment issues to consider. When investing hundreds of thousands of dollars in a recreational property you will need to do your due diligence and seek solid advice. The Complete Guide to Buying and Owning Recreational Property in Canada, written by Canada's leading authority on matters related to real estate, offers valuable insights and tips, and will prove a trustworthy resource for many years to come. Topic areas include: Buying the right property, for the right reasons, in the right location How to set a purchase and financing strategy and how to negotiate your best deal How to exercise caution when buying with family or friends-and how to keep peace in the family when sharing use or ownership Getting the help of professionals, such as a tax accountant, lawyer, home inspector, mortgage broker, insurance broker, and realtor. Obtaining tax and estate planning strategic advice to save tax on transfer, sale or bequeathing of the property, or inheriting a property What you need to know if you are buying recreational property as an investment. Money saving tips when renting your property yourself or using professional rental management Special cautions if buying a vacation home or cottage outside of Canada Creative ways of using your vacation home or cottage for exchange or barter Key strategies to follow and classic pitfalls to avoid And much, much more! Plus Sources of Further Information, Key Websites, Checklists, Glossary, and Index.

Success is something that we all wish to achieve. We all have potential to be successful, however potential is nothing if not realized and acted upon. We have all seen the infomercials, read the articles, and heard of people from all walks of life making hundreds of thousands of dollars through real estate. The key to their success in real estate is knowledge and action, not just understanding how to buy and sell property or how to word clauses. These are important, however true success will continue to elude you unless you truly understand the concepts involved in locating, analyzing and evaluating real estate properties. Within the context of these pages you will be enlightened on the concepts and techniques involved in properly locating real estate, analyzing your new found real estate and correctly evaluating that real estate. Any real estate investor, whether they are new to the field or have been active for many years will and can benefit from this book.

Real estate remains one of the most stable investments available in Canada, offering a higher return than GICs and more security than stocks. Real Estate Investing For Canadians For Dummies, 2nd Edition offers a clear, comprehensive, and Canadian look at investing in real estate, from investigating properties (and other investment options, such as REITs), to securing financing, to managing properties, to knowing when to sell. Real-life anecdotes, useful web resources, and a balanced perspective will make this the ideal book for people looking to explore this lucrative field. Content in this revised edition covers the new opportunities available (such as foreclosures), the significant changes to financing, and changes to property management laws that every investor must know. Gray and Mitham also explore how investors can manage risk and survive (and thrive) in a volatile market and offer new advice on how to manage maintenance costs.

The book is laid out in very easy step-by-step guide on understanding what real estate is about, exploring what comprise good investments, learning ways to generate income & more. Complex topics such as setting up a business structure, locating & evaluating properties, handling legal and tax issues are also covered. For those of you who have felt that real estate investing was for experts or that you need special skills, youll find this publication useful as youll learn many of those skills that successful real estate experts possess.