Callaghan O’Connor Launches Blog

The real estate broker, investor, and entrepreneur debuts a new web-based journal from which he will communicate his ideas and experiences to the world.

VICTORIA, BC / ACCESSWIRE / December 21, 2021 / It is with much pride and pleasure that real estate broker, investor, and entrepreneur Callaghan O’Connor announces that he has launched a new blog, bolstered by two inaugural entries. The web-based journal is hosted by a well-known online platform, and primarily deals with matters relating to asset management and the real estate market, which are his areas of professional expertise.

In the latest entry, titled Callaghan O’Connor, Realtor, Shares What to Look For When Buying a Home, Callaghan takes pains to walk the reader through some basic factors to consider before committing to purchase a property, starting with financing. “Consider this: The national home price in Canada is $686,650. Mortgage payments on that average home price with an average interest rate of 1.5% come out to roughly $2,370 for a 30-year loan and $4,262 (for a 15-year loan),” he writes, before crunching the numbers further. “If you have a 15-year mortgage, you’re paying 180 payments or $767,160 over 15 years. If you’re in a 30-year mortgage, that means 360 payments or $853,200 over the life of the loan. The average yearly salary across all provinces in Canada is $57,895. So over 15 years, this equates to roughly $868,425. Meaning that your housing costs over that 15 years is 88.3%, over 30 years, it’s only 49%, so when considering which mortgage to take, you’ll pay more overall in a 30-year mortgage, but it will ultimately cost you less of your income overall.”

In the preceding entry, titled Callaghan O’Connor, Realtor, Discusses the State of the Canadian Housing Market, Callaghan O’Connor takes a deep dive into the current Canadian real estate situation, providing his professional analysis. “The Canadian economy is in a boom, and that means home prices are on the rise. Low-interest rates mean people can afford more expensive homes than they could before. The Bank of Canada has been keeping them low to stimulate spending and investment throughout the country-and it’s working!” He then goes to outline why that’s bad news for would-be Canadian homebuyers. “The problem with low-interest rates is that they make houses artificially cheap compared to what they would be if we had high-interest rates like in the 1980s or 1990s,” he states, adding that this creates two major problems. “First, there aren’t enough houses for everyone who wants one; second, fewer families rent because it’s cheaper to buy, which causes landlords to raise the rent.”

Anyone interested in reading these blog entries in their entirety will find them located here. Callaghan O’Connor is also in the process of putting the finishing touches on his official website, which can be found at callaghanoconnor.com in the coming weeks.

About Callaghan O’Connor:

Callaghan O’Connor is a real estate broker, investor, and entrepreneur. A native of Victoria, British Columbia, Callaghan spent a good portion of his youth pursuing sports at an advanced level, excelling at hockey and rugby in particular. After high school, he played in the Western Hockey League (WHL) Junior A tier, and earned the Commissioner’s Scholarship from that organization. On the strength of that award, Callaghan attended the Sauder School of Business at the University of British Columbia, where he earned a degree in Sports Management and Business. While at UBC, he played for the Canadian national men’s rugby team.

Upon entering the professional world, however, Callaghan found his calling in real estate rather than sports. He moved to Vancouver, a city on the west coast of mainland Canada, and pursued opportunities in commercial real estate for five years before moving back to Victoria to focus on residential properties. In the time since, he has built a successful luxury real estate business. Callaghan O’Connor is proud to once again call Victoria his home, and plans to stay there, raising his family and doing his part to keep it one of the world’s most beautifully landscaped cities.

Contact Information:
Callaghan O’Connor
Email: Oakbayproperties@gmail.com
Phone: 250-888-4579

SOURCE: Callaghan O’Connor

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