ZoopraisalZoocasa.com is an online service that provides access to homes that are listed for sale, online.   The goal of the site is to provide a place where buyers can start their search using the internet.   In my opinion, Zoopraisal will only enhance this service.


“The service is designed to give people a better idea of a property’s value, rather than replace the work of a professional appraiser” said Navtaj Chandhoke, founder of World Wealth Builders, a Canadian Real Estate Investors Training and mentoring company.

This can’t replace a good realtor that’s out there looking to match your needs when buying a house.  I think there are still too many intangibles that come into play.  Local knowledge is invaluable and is something that can’t be uploaded online.

Property value information that was once jealously guarded by real estate agents is now being provided free to anyone with an Internet connection who cares to know what their home, or their neighbor’s, is worth.

ZoopraisalUsers can plug in a street address, the number of bedrooms, bathrooms, style of home and the year it was built, and Zoocasa comes up with a “Zoopraisal” for the property.

uses Centract’s database of real estate sales information to provide home price estimates based on factors such as size, neighborhood and sales history in the area.

Still, the new service could represent a game changer for real estate agents who have traditionally had a corner on such information.

Zoocasa’s business model is built on advertising, with real estate agents and mortgage brokers paying to have their ads posted on the website. The appraisal service is provided free of charge.

Zoocasa, a portfolio company of Rogers Ventures (a division of Rogers Communcations Inc.), is Canada’s fastest growing online real estate site targeting consumers searching for a home.  Zoocasa provides the tools to help Canadians find the right home, in the right neighborhood, at the right price connecting you with real estate professionals to help you no matter where you are in the home buying process.


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Top Canadian Grants for Real Estate Investors

Canadian Grants for Real Estate InvestorsTop Canadian Grants for Real Estate Investors- what is it? A grant or rebate  is a sum of money conditionally given to you that you do not have to repay. Top Canadian Grants for Real Estate Investors can be used to purchase Canadian Real Estate, improve or add  to existing dwelling.  A grant can also be any service provided at no charge by the government for which you would ordinarily have to pay.

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Lease to Own Homes Ontario Canada

Are you tired of lining your landlords pockets, making them rich while you throw your money out the window? If you have a good job, but poor credit, Lease to Own may be your best option. You a home owner sooner than you ever thought possible. If you area already a home owner at risk of losing your property, lease to own may be able to put you back on track.

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Top 10 Real Estate investment Strategies

Seven out of 10 Canadian millionaires have made their wealth through prudent and well planned real estate investments. Proper education, training and coaching is requires to take full advantage of these investments.By following proven strategies and informed decision-making, you too can profit from real estate that suit your needs, goals, and risk-comfort level. These Canadian Real estate investment strategies are designed to provide you with objective, practical and helpful information to assist your sound judgment.

Real Estate investment Strategies

Real Estate investment Strategies







Your success is our Passion!

Land Banking Investment

The price of land can drastically change depending on the purpose it used for, infrastructure changes in the city around it. When changing a piece of land from agriculture to commercial use, you can multiply your profits by as much as 10 times the original amount.

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BC First Time New Home Buyers Bonus

BC First-Time New Home Buyers’ $10,000.00 Bonus Tax Free

The BC First-Time New Home Buyers’ Bonus is a one-time bonus payment worth up to $10,000 for first-time new home buyers in BC. The legislation for the BC First-Time New Home Buyers’ Bonus is expected in spring 2012.

“ Finally BC first time buyers would have the opportunity to have their dream release by  owning their dream home instead of  renting it” says Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada” it can be difficult for lot of Canadian families to save the down payment. This program will assist lot of families in the BC”.

Home Buyers Bonus

BC First-Time New Home Buyers’ Bonus are required to have following qualifications

  • Eligible claimants must be first-time homebuyers – an individual who has never previously owned a primary residence anywhere in the world;
  • For couples, neither the individual nor the spouse or common law partner can have previously owned a primary residence anywhere in the world;
  • The claimant must file a BC resident personal income tax return for 2011 or if the claimant moves to BC after December 31, 2011, must file a 2012 BC resident personal income tax return;
  • Individuals or families who move to BC after December 31, 2012 will not be eligible.

Newly Constructed Homes and Substantially Renovated Homes

  • The bonus is available in respect of new homes located in BC (i.e. newly constructed homes purchased from a builder and substantially renovated homes), on which HST is payable;
  • A substantially renovated home is one where all or substantially all of the interior of a building has been removed or replaced, generally 90% or more of the home must be renovated to qualify;
  • The written agreement of purchase and sale for the home must be entered into on or after February 21, 2012 and before April 1, 2013;
  • Ownership or possession of the home must transfer before April 1, 2013;
  • Eligible new homes include detached houses, semi-detached houses, duplexes, and townhouses, residential condominium units, mobile homes and floating homes and residential units in a cooperative housing corporation.

The BC First-Time New Home Buyers’ Bonus is available in respect of owner-built homes:

  • Where the written agreement of purchase and sale for the land is entered into on or after February 21, 2012 and before April 1, 2013;
  • The bonus will be based on land and construction costs subject to HST;
  • Construction of the home must be complete, or the home must be occupied, before April 1, 2013.

Other Criteria for BC First-Time New Home Buyers’ Bonus

  • The claimant must be eligible for the BC HST New Housing Rebate in order to receive the bonus;
  • The claimant must intend to live in the house as a primary residence;
  • No one else has claimed the bonus in respect of the home.

Bonus Calculation for BC First-Time New Home Buyers’ Bonus

  • The bonus is calculated as 5% of the purchase price (not including HST) of the home up to a maximum of $10,000;
  • The bonus is income tested. For single individuals, the bonus will be phased out at a rate of 20 per cent of net income in excess of $150,000 and eliminated at incomes greater than $200,000. For couples, the bonus will be phased out at a rate of 10 per cent of family net income in excess of $150,000, and eliminated at family incomes greater than $250,000.

You must apply to the BC Ministry of Finance to receive the bonus. The ministry will process applications, determine eligibility, and issue the bonus payments. The bonus is not claimed when filing an income tax return.

Once available, the application form will be posted at


Home Buyers Bonus

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Canadian Mortgage Rates

Why do the Canadian  mortgage rates move the way they do? Why don’t the  Canadian Mortgage rates march in lock step with other interest rates?Interest rates in the bond market influence Canadian  mortgage rates, but that isn’t where the money for mortgages comes from.

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Mortgage Defaults Alberta

New statistics from the Canadian Bankers Association suggest more people in Alberta are struggling to pay their mortgages. Alberta has suffered the same in March 1983.It is all about the oil and gas.

If Oil and gas prices are high, the economy booms like a wild fire. But when the Oil and gas prices crash, it intends to bust the Real Estate market. During the boom many homeowners jumped into high price homes with low down payment. Since the prices have dropped, there is lot of underwater properties in Alberta.

Mortgage Defaults Alberta

Mortgage Defaults Alberta

“The numbers of Canadians who are unable to make mortgage payments are 18,371 which is 0.45 per cent of mortgage holders from major Canadian lenders as per Canadian Bankers Association. In Alberta the number of defaults is 4,212 which is 0.83 per cent of mortgage holders in Alberta.

They were unable to make payment for three months or more. An increase from the beginning of 2007 when 0.17 per cent of mortgages were in arrears. The situation is worse in Alberta than the rest of the country, where, historically, default rates average 0.45 per cent. In the United States, by way of comparison, close to 8 per cent of all mortgage holders are late on their payments says Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada.

Genworth the country’s second-largest mortgage insurer after Canada Mortgage and Housing Corp., acknowledge that they are dealing with higher delinquencies in Alberta. The delinquency rate in its Alberta mortgage insurance portfolio was 0.59 per cent at March 31, compared to 0.18 per cent in Ontario, 0.31 per cent in B.C. and 0.27 per cent nationally.

While other provinces were able to recover as the recession eased, Alberta’s economy is back on track due to higher oil prices, disturbance in the Middle East. Calgary’s unemployment rate of 6.3 per cent is higher than the rest of Alberta at 5.7 per cent. A growing number of homeowners in Calgary are struggling to meet their mortgage payments as Calgary suffers a six-year real estate declining prices.

When the recession hit in 2008, oil prices plunged from $140/barrel to $35/barrel, the panicked homeowners rushed to sell in near-record numbers, flooding the market with inventory and putting renewed pressure on prices.

The Canadian Association of Accredited Mortgage Professionals found that 84 per cent of homeowners could afford at least another $300 increase in their monthly payments before falling behind. There is more than $1-trillion of mortgages outstanding in Canada, meaning even a small default rate has implications for the broader economy. When interest rates interest rates climb higher, and that will put even more people behind the financial eight ball.

“This can be great time to look into buying pre foreclosure properties. You could be helping all the concerned parties and make a great fortune for yourself” say Navtaj Chandhoke of World wealth Builders. Make sure that you have proper education about foreclosure process of Alberta. By helping fellow Canadians one can create win/win situation for all parties in concern and make a fortune.

World wealth Builders provide very special Alberta Foreclosure Apprenticeship which involves learning the Alberta Foreclosure laws, obligations of the property owner and the lenders. You learn by watching real people going through courts as well as facing the hardship of tough economic times. The apprentice visits the families as well as the courts to see the first hand and help all the parties in concern.

Mortgage Defaults Alberta

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Hidden Profits in Forgivable Canadian Grants

Hidden  profits in forgivable Canadians grants are very important for Canadian Real Estate investors to know. The Real Estate Millionaire Secrets Apprentices (REMSA) went to the city of Hamilton to learn more about different investment opportunities and grant programs. Warmingly welcomed, we were introduced and showed by the government officials what types of grants, rebate programs and tax assistance are available.

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9 Fatal Mistakes Made by Canadian Real Estate Investors

As a Canadian  Real Estate investor and mentor, I often see novice Canadian Real Estate investors making the same exact mistakes. As a result, I decided to create the following list to help novices understand what these common mistakes are and how to avoid them.

The good news is that all of these mistakes can be easily corrected.

The bad news is that any one of these mistakes will seriously limit your potential for success. In my experience, these are the 9 most common mistakes I see novice real estate investors make:

1) Not getting an education/information

Getting an education is a critical part of becoming a successful Canadian real estate investor. It’s much easier and less costly to educate yourself than to make mistakes in the real world. We are lucky to live in a country full of educational opportunities for whichever endeavor we want to pursue.

Surprisingly though, not everyone takes the initiative to learn before they take action. This exposes these people to costly (and sometimes career-ending) mistakes that could have easily been avoided. Some misguided people even complain that the books, courses, or seminars promoted by  Canadian real estate experts are too expensive. I guess that depends on where you stand.

To me, they seem cheap compared to what I know can be earned in this business. Perhaps to a novice though, they may seem expensive. But as the saying goes, “If you think education is expensive, try ignorance.” Think about it.

Is a $5000 apprenticeship worth it if what you learn makes you $5,000 on a single wholesale deal? What if it could save you a mere $5,000 on a single rehab? Or what if it helped you to create an extra $200 per month cash flow on a single property for just one year? Would it be worth it to you? The value of an education often doesn’t reveal itself until you’ve stepped up to the plate and put yourself in the game.

2) Not getting an education from the right people

The internet is a great tool. But it’s also saturated with too much information – good and bad, oftentimes, from less than credible sources. So don’t confuse the information you find on the internet as necessarily being quality information. For example, there are a number of Canadian real estate investing newsgroups and blogs that have proliferated on the internet.

Many so called experts on these sites are more than willing to share enough information to get you into trouble.

I can’t believe some of the misinformation I’ve seen posted on these sites. Remember, anyone can post on a newsgroup and anyone can create a blog. But just because someone has a blog, doesn’t mean they necessarily know what they’re talking about. The misinformation you get may be costly…in either lost profits or reputation.

Novice investors may also get misinformation from friends or family members. Perhaps they dabbled in real estate at one point. Now they feel entitled to tell you what little they may know about real estate investing. Be extremely wary of people who have “dabbled” in anything. Dabblers are rarely experts in anything. As the saying goes, “Jack of all trades, master of nothing.”

3) Not taking action

If you’ve managed to get a good education from a good source, the next step is to take some action. Knowledge will be power only when you begin to apply it properly. Merely buying a wide array of real estate investing products or attending boot camps isn’t going to make you any money.

Some novices neglect to take action because they’re still searching for that magical secret that is going to make it start raining deals. The real secret is hard work! Others are paralyzed by fear of what might happen if they get one of their offers accepted. Or, they may give up making offers if they don’t experience instant success.

Whatever the reason, not taking consistent action is a sure way to fail at anything. Personally, I believe that initial failure is the universe’s way of forcing us to make sure we truly want what we’re pursuing. In the end, persistence is what leads to success. And the more we persist, the closer we get to success.

Many novices regularly attend their local real estate clubs. Clubs and associations are excellent way to network with other like-minded people, learn techniques and strategies, and have fun.

Unfortunately, I’ve met countless club goers who have never done a deal before. Instead of using the club as a spring board into taking action, they tend to use the club as a warm blanket because they fear being out on their own. When I meet these people, my advice to them is to stop sitting around with the other novices talking about all the deals they would like to be doing.

My advice is simple, go out there and get some deals done. We all need a good apprenticeship. But that is only one step in the process. There is no substitute for hard work.

4) Not having realistic expectations

Most novice Canadian real estate investors have unrealistic expectations. It may be about the amount of repairs a property needs, the time it takes to complete a project, or the profit they should get from a deal. They’re expectations are either too high or too low. If they’re wholesaling properties, they may get too greedy and try to charge the rehabber too much.

If they’re rehabbing properties, they may underestimate the repairs required.

If they’re landlording, they may underestimate the amount of maintenance a property will require or forget to factor in vacancies. While getting an education or being apprentice  plays a large role in these mistakes, another reason is that they did not leave enough room for error. They assumed everything would go as planned.

Real estate deals rarely go exactly as planned. Experienced investors understand the importance of planning for the unexpected. This way, when things don’t go as planned it’s not the end of the world.

5) Not treating real estate investing as a business

Contrary to popular belief, real estate investing is not like the stock market. It is not a passive investment. It is an active investment. Whether a novice investor’s intentions are to flip or to own rentals, they sometimes think owning real estate is going to be a lot easier than it is.

While the profit potential in real estate is usually much greater than owning a stock, it inherently requires more effort than most passive types of investments. Whether you’re wholesaling, rehabbing, or landlording, real estate requires your time and constant attention. In this way, it’s more like a business than an investment.

For example, you must be disciplined about your business. You need to set a schedule for yourself and stick to it. You need to set policies and procedures and adhere to them. You need to set goals and do whatever you can to achieve them. Not everyone has that level of discipline without a boss telling them what to do. When you run your own business, you are the boss. You must be willing to make sacrifices to succeed.

For you this might mean that you need to turn off the television and read your home-study courses. It might mean that instead of spending money on new clothes, you invest that money in your business.

Or it might mean that instead of going to the park on Saturday you search the MLS and forum at Professional real estate investors group (PREIG) Canada  look at properties, and familiarize yourself with your target neighborhoods.

6) Not being patient

It can take awhile for novice investors to see positive results when starting out. You can’t expect to immediately find deals and make money. It may take several months to get your first deal. As a comparison, new real estate agents are often told by their brokers that it may take up to six months to close their first transaction.

Similarly, real estate investors should expect to wait a few months to close their first transaction. Furthermore, it can take years for your real estate investing business to become a thriving venture. There aren’t too many businesses that become profitable immediately – no matter the type of business.

It often takes several years for most businesses to get to a point where they make steady and reliable profits. Running your own business can be fun and extremely rewarding. But rest assured, the early years can be unpredictable. As a result, you need to have a lot of patience for things to take off.

7) Not concentrating on quality deals

This is one of the biggest mistakes I see novice investors make, especially after they have done a few deals. After they have some success, they begin to focus too much on quantity instead of doing quality deals. This mindset leads them to do less profitable deals. And once an investor begins to do thinner deals for the sake of doing more deals and outdoing their competition, they eventually find themselves in trouble.

Unfortunately, this is a lesson that most investors learn the hard way. For some reason, avoiding the temptation to focus on quantity is a principle that most investors have a hard time accepting. Their natural inclination is to do more. They might feel the pressure to tell their friends what new project they’re working on. They might feel bored unless they’re working on something new. Or they might feel guilty about not “staying busy.”

Whatever the reason, novices must learn that investing is an activity in which “staying busy” is not always smart. Sometimes, the best deals are the ones you don’t do.

When an investor learns to concentrate on a small number of quality deals, they enjoy not only better profits, but also a better lifestyle since they’re not running around managing a huge portfolio of properties. For most people, the whole point of getting into real estate investing in the first place is to live a better quality of life, not to work longer and harder.

8)  Not moving on from bad deals fast enough

Since novice real investors usually don’t have a steady stream of leads coming in and don’t know what a truly profitable deal looks like, they tend to overanalyze bad deals far too long. They get anxious and want to get deals done. And even when they put the numbers of the deal into their spreadsheet and see the deal clearly doesn’t work, they still find a reason to justify it.

They logically know that a deal should be avoided, but they try to justify it anyway. While I believe everyone needs to start somewhere, the ideal place for a novice real estate investor to start is in a good deal not a bad one.

What novices eventually learn is that not too long after taking on a marginal deal, a great deal is not far behind. But because they’ve tied up their resources with the marginal deal, they can’t pursue the great deal.

9) Not writing down goals

Don’t try to run your business without a clear plan. Clarify your goals by committing them to writing. Then, revisit them once a week until they become reality. Something magical happens when you write down your goals on paper.

They begin to take root. When you focus on them repeatedly, you nurture them and they begin to grow. It’s important to write down your purpose, strategies, and goals. Begin by asking yourself the following questions:

  • What strategy am I pursuing?
  • What will I do with the properties I will buy?
  • How many deals per year will I do?
  • How much profit will I earn per deal?
  • How many offers do I make to make this happen?
  • What kind of life do I want to live outside of the office?

When you’re clear about your goals, you have a much easier time accomplishing them. And if your goals are unrealistic you should change them as necessary. Don’t get stuck in an unrealistic set of goals that will only produce frustration. At the same time, you shouldn’t change your goals too often either.

It’s hard to hit a moving target. You want to strike a good balance between having reasonable, achievable goals and also setting goals that will force you to get outside your comfort zone.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com | www.preigCanada.com
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