I’ve already written that an epic crash isn’t going to happen, if you’re sitting on the sidelines and hoping for a massive decline, you might be sorely disappointed. Yet there’s growing fear right now in the Canadian housing market. Every day large media centers are reporting huge drop in sales for real estate and an…
You might read last week’s post and think that buying a home is one of the worst decisions you can make. Quite the contrary! Let’s face it. Not all of us want to learn about investments. More so, many people are not patient investors and feel uncomfortable investing in stocks and bonds because quite frankly…
For the young Millennials who have successfully started their careers the single biggest advantage that they have for building wealth over any other generation is time. Yes, it’s time. Unless someone inherits a large swath of cash, or ends up finding a large windfall under their mattress, time is the only thing that will help…
If you had $100K in your bank account and you could afford a home in expensive cities in Canada like Toronto and Vancouver, would you be better off buying a $1050K home with a 2.5% mortgage interest rate or buying a $830K home with a 5% mortgage interest rate given both are on a 5 year fixed-term…
The Home Buyers’ Plan was introduced in 1992 by the Conservative government with big fan fare. It was during a time when housing prices weren’t budging, interest rates were sky high and there was very little growth in home building and construction. Fast forward 23 years later and we’re seeing one of the largest housing…
Buying and owning a home gives an individual a sense of accomplishment. In the inner circles of many people, owning a home is the only thing that makes you a “real” person. Shelter is a necessity of life and purchasing a home knocks off one of the most important things you need in life. The…
There is a notion made by many that buying a house is always better than renting. “Why pay someone else’s mortgage?” is the question that comes to mind whenever someone makes an argument about buying versus owning. Those in America who have suffered through the housing crash would probably disagree with the above statement that owning…
