Getting Rich by occupying other people's property

This ancient remedy was helpful in resolving disputes in the latter part of the Middle Ages. If one farmer continued to cultivate a piece of land at the back of his farm and the farmer’s neighbor did not object, then after 7 years, he owned the land. At the time of course, it was not worth much.

What is the purpose of squatter rights?

The purpose of squatter rights was to regularize the boundaries of the properties. The added value of the cultivation of the property over a period of years was considered to be an investment and an improvement of the land. Be careful of your neighbors taking over your land, it could cost you a lot of money and possibly losing your ownership. Most of us think that squatter rights were abolished many years ago. This is true to some degree.

In Canada, we have two systems to register the ownership of land. Under the land title system, squatter rights were abolished. However, under the registry system, these rights have been preserved and accorded a rather exalted status.

What happens to your land?

1. Loss of your land.

2. Liability issue.

Forbes magazine ranked Canada as the best place on the planet to do business. The U.S. came in 10th. As the economic hub of the country, responsible for fully 20 per cent of its GDP, Toronto benefits greatly from such global attention.

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Calgary in Alberta is the only city in Canada to register a year over-year house price decline in a national survey of repeat home sales in 6 major centres.

The Teranet-National Bank House Price Index, released Wednesday, indicated Calgary prices in June fell by 2.7 per cent compared with June 2010. However, on a monthly basis, Calgary prices rose 1.6 per cent from May.

"Calgary is still recouperating from the Canadian recession of 2008" says Navtaj Chandhoke, founder of World Wealth Builders, a leading Canadian Real Estate investor’s training, mentoring center serving Canadian Real Estate investors coast to coast since 1993


"The Calgary index is still 10.9 per cent off the all-time high of August 2007 and 3.1 per cent off the pre-correction peak of August 2010," said the report.

The index is estimated by tracking observed or registered home prices over time using data collected from public land registries. All dwellings that have been sold at least twice are considered in the calculation of the index.

Year-over-year price increases were noted for Halifax (4.4 per cent), Montreal (5.9 per cent), Ottawa (4.6 per cent), Toronto (4.2 per cent) and Vancouver (7.2 per cent). The national index rose by 4.5 per cent on an annual basis.

Navtaj Chandhoke is known as Canadian Real Estate Master trainer, world class speaker, author, master mentor, entrepreneur extraordinaire and the founder of World Wealth Builders, a leading Canadian Real Estate investor’s training, mentoring center serving Canadian Real Estate investors coast to coast since 1993.His Canadian REI club has 5000+ members across Canada.
http://www.WorldWealthBuilders.com | http://www.preigCanada.com |

Bank of Canada projects the economy will expand by 2.8 per cent in 2011, 2.6 per cent in 2012, and 2.1 per cent in 2013, returning to capacity in the middle of 2012.

Canadian Interest rates have 'nowhere to go but up'“Bank of Canada and Finance minister warning Canadians to get ready for interest rate hike” says Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada.

"Interest rates have nowhere to go but up." Finance Minister of Canada Jim Flaherty said. Warning about the dangers of unchecked debt on both a global and household scale, Jim Flaherty on Sunday said Europe and the U.S. must do more to restore stability in their own backyards -- just as Canadians must tread carefully when taking on long-term debt like mortgages.

 “Bank of Canada and Finance minister warning Canadians to get ready for interest rate hike” says Navtaj Chandhoke, founder of Professional Real Estate Investors Group  (PREIG) Canada. Flaherty's remarks echo those of a Bank of Canada report last week that said high household debt is now the most significant risk to the Canadian economy.

 The report came one day after Statistics Canada noted that "rock-bottom" interest rates are luring more Canadians deeper into debt. The ratio of household debt rose to 149.47 per cent in the first quarter of 2011, meaning Canadians owe $1.49 for every after-tax dollar they earn.


Still, data showed Canadian households continued to dig themselves further into debt in the first quarter as more people took out mortgages at ultra-low rates, according to Statistics Canada. Despite the uncertainties in the global economy, trouble in North Africa, economy of Greece, Spain, Portugal, Italy and Ireland can Canada and other countries could be hurt.
“The Real Estate market—the sector that led Canada out from recession—will cool further in coming months because of the new mortgage rules and higher borrowing costs.” says Navtaj Chandhoke.
Finance Minister Jim Flaherty said he continues to monitor the country's housing market, which has some "hot spots", but said the situation remained stable. Last week, housing figures from the Canadian Real Estate Association (CREA) showed home resale prices slipped 0.6 percent in May from April, partly because of the effect of stricter mortgage rules that came into effect in the spring. It was the first full month of data that reflected the new rules.

Navtaj Chandhoke is a Canadian-based Real Estate investor, speaker, author, master trainer, entrepreneur extraordinaire and the founder of World Wealth Builders, a leading Canadian Real Estate investor’s education, mentoring center serving Canadian Real Estate investors since 1993.http://www.WorldWealthBuilders.com | http://www.preigCanada.com|

Improvements in rental demand lowered the apartment vacancy rate to 3.6 per cent in 2010 from 5.3 per cent in 2009, says Canada Mortgage and Housing Corp

"After the recession of 2008,this is definitely great news for Professional Real Estate Investors" says Navtaj Chandhoke, founder of World Wealth Builders, the company specialize in providing Canadian Real Estate Investors education and mentoring since 1993.

Now with the economy showing signs of strengthening, demand for rental accommodation is expected to rise again this year, says Canada Mortgage and Housing Corp. It is forecasting a citywide vacancy rate of 3.4 per cent for 2011, declining to 2.9 per cent in 2012 -again in tandem with outlooks for a healthier economy.

"With stronger demand for rental units and lower vacancies, fewer incentives will be offered," says senior market analyst Richard Cho of CMHC. "Property owners and landlords will have an opportunity to increase rents this year following two consecutive years of declines."

But with that healthier demand, the opportunity to take advantage of incentives decreases, says CMHC. In addition, property managers and Professional Real Estate Investors could increase rents after two years of declines.

The average two-bedroom rent is forecast to reach $1,090 this year and then climb to $1,120 next year.A two-bedroom unit in Alberta averaged $1,029 -about the same as a year earlier -in April, followed by B.C. ($1,015) and Ontario ($980).

The Canadian average two-bedroom rent was $864 in April, compared to $848 in April 2010.

Navtaj Chandhoke is a Canadian-based real estate investor, speaker, author, educator , entrepreneur extraordinaire and the founder of World Wealth Builders, a leading Canadian Real Estate investors education, mentoring  center serving Canadian Real Estate investors since 1993. http://www.WorldWealthBuilders.com/| http://www.preigCanada.com|