Risks In Real Estate

Recently there have been a lot of news articles talking about real estate deals gone bad. First there were the Mattamy homes in Whitby that dropped almost $100,000 in price this year. Buyers from last year had remorse and begged to get their home prices readjusted but to no avail. Then came another Mattamy story…

How Using Leverage Can Be Helpful And Hurtful

Recently the Toronto Star spread an article about a woman and her common law partner buying 5 properties in Brantford, Ontario. The goal was to achieve a passive income of $25,000 a month on rent so that they could retire. She had achieved all this, including buying her own home at the age of 33!…

How Much Will Rising Interest Rates Affect House Prices?

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…

Is Not Buying A House Seen As Pessimistic?

When I talk to most people, they all wonder what’s wrong with me. “What aren’t you buying a house?” “Why are you paying someone else’s mortgage?” Those are all common questions that I have to answer all the time. It’s bad enough that I’m not following what the majority of Canadians are doing, since over…