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Dan S. Barnabic

Author of The Condo Bible, a noted consumer advocate, and contributor to various media in US and Canada on the topics of Real Estate and Personal Finance

Consumer advocate, freelance writer, with vast experience in Real Estate Industry for the past 40 years, specializing in condominiums as a former broker, developer and property manager.
Author of the Condo Bible for Americans and Condo Bible for Canadians, published books advising consumers on pros and cons of owning a condominium.
Contributor to WSJ' MarketWatch and Globe and Mail.
Often interviewed by various newspapers and magazines across the US and Canada.
Toronto based but splitting time between Toronto and Miami.
Full contribution to the media can be found on my blog, http://www.danoncondos.com
The Sorry State Of Canadian

The Sorry State Of Canadian Housing

Notwithstanding foreign buyers, surcharges and tightening qualification measures, it is quite evident that Ottawa has been complacent in allowing foreign buyers to buy up the roofs over our heads. Indeed, with little else to sell, our economy has depended on it.
11/16/2016 08:16 EST
What You Should Know About Buying Condos For

What You Should Know About Buying Condos For Profit

Today, the ever-changing urban demographics and hot real estate markets occasionally lend people the opportunity to invest in a condominium with the intention of selling it for profit. This practice is also known as speculating. Many ordinary people become speculators during periods characterized by strong demand.
08/31/2016 03:57 EDT
Liberals Must Fulfill Promise To Curb Escalating Home

Liberals Must Fulfill Promise To Curb Escalating Home Prices

The Liberal Party promised to "undertake a review of escalating home prices in high-priced markets -- like Vancouver and Toronto -- to determine whether speculation is driving up the cost of housing, and survey the policy tools that could keep home ownership within reach for more Canadians." But this may be one of the first promises to fall by the wayside.
12/22/2015 11:25 EST
Selling Canadian Homes to Foreigners Cuts Both

Selling Canadian Homes to Foreigners Cuts Both Ways

If the next Canadian government doesn't take serious pro-active measures to ensure that the cost of sheltering for Canadians becomes affordable, there is a good possibility where, in a not so distant future, foreigners may become major landlords of Canadian homes, dictating their prices and rentals. Effectively, they'll become in position to hold Canadians at ransom in their own country.
10/20/2015 05:34 EDT
How Inaccurate Credit Reporting Can Make Your Life

How Inaccurate Credit Reporting Can Make Your Life Hell

The last survey on inaccurate credit data by the Ottawa-based research firm Public Interest Advocacy Centre (PIAC) dates back to 2006. It showed that 18 per cent of surveyed consumers felt their credit reports contained inaccuracies, some to the point of affecting their ability to obtain credit.
09/25/2015 05:15 EDT
Harper's Built His Housing Policy On a Weak

Harper's Built His Housing Policy On a Weak Foundation

Encouraging Canadians to enter into an exceptionally inflated housing market where two houses are being built for every new person added to the working-age population may well lead to catastrophic results once the market goes into correction -- as it did in the United States in 2008, when that country's ownership rate reached 69 per cent.
09/02/2015 12:55 EDT
How to Settle Your Personal

How to Settle Your Personal Debt

Many of us experience financial difficulties at one time or another. While most of us are strong enough to weather periodic financial storms and pay our bills, there are many who are not so fortunate.
08/13/2015 05:38 EDT
6 Important Rules That Will Preserve the Value of

6 Important Rules That Will Preserve the Value of Condos

You may think that the present market condition in Canada is great, after reports of record breaking price increases in Vancouver and Toronto. Bear in mind that they are mostly fuelled by foreign Chinese buyers and local speculators, still unloading overvalued real estate to naïve buyers.
07/15/2015 12:37 EDT
It's Time For Harper to

It's Time For Harper to Go

Prime Minister Stephen Harper has proved time and again that he either does not care, nor understand, the mechanics of our residential real estate prices getting out of reach to the average Canadian. As real estate and the construction industry account for close to one-third of the Canadian economy, he should have known that housing affordability had been problem number one for quite some time.
06/12/2015 06:08 EDT
Why You Should be Bracing for a Dual Market

Why You Should be Bracing for a Dual Market Crash

According to many North American economic analyses, we're not headed toward a bubble -- we're in one. But how is this bubble different from past bubbles and what will happen when it ultimately bursts?
05/14/2015 06:03 EDT
Are Condos on the Way to Becoming Glorified

Are Condos on the Way to Becoming Glorified Apartments?

Renters are far more likely to break condo rules regarding noise and upkeep of the common amenities, resulting in the degradation of the complex. A complex that is heavily rented out becomes stigmatized as apartment building, unappealing to potential buyers.
05/01/2015 08:44 EDT
Should You Buy or Lease a

Should You Buy or Lease a Condo?

The idea of buying a condo might have crossed your mind, but before you rush into this trendy alternative housing arrangement, keep in mind that vacancies may start climbing later on this year. Here are some basic pros and cons of condo ownership, and compare buying versus leasing a condo unit.
04/16/2015 05:32 EDT
Condos and Houses Are Like Apples and

Condos and Houses Are Like Apples and Oranges

To many buyers and unit owners, condominium ownership may still be ambiguous and convoluted. Since condos aren't based on the same ownership structure as street-level traditional (freehold) homes, comparing condos to traditional homes is like comparing apples with oranges.
04/10/2015 12:43 EDT
How Long Will Condos

How Long Will Condos Last?

A condo unit will remain a viable real-estate ownership alternative for as long as its monthly maintenance fees and realty taxes remain below the monthly rental of a comparable unit in another condo complex or apartment building. Once the condo's maintenance fees and realty taxes exceed the cost of comparative rentals, there will be no demand to buy it.
03/28/2015 02:04 EDT
The Present State of Real

The Present State of Real Estate

This year promises to be particularly exciting for real estate investors. For the first time in many years, we may actually see the interest rates creep up from their historical lows. The head of the US Federal Reserve, Ms. Janet Yellen, indicated on numerous occasions that the rates would go up incrementally as their quantitative easing was coming to an end.
03/19/2015 05:18 EDT