What Is An Affordable House?

The million dollar question that every Millennial wants to know is “how much house can I afford?” That’s because despite the high prices in two of Canada’s major cities, the majority of Millennials still want to buy a home. With house prices rising much faster than income in their respective cities, just how much can…

How Buying A House Eats Your Cash Flow

In a recent article I wrote how buying a house could end up throwing away just as much money as renting. That’s because buying a house with a mortgage is exactly like renting, only rather than renting a place to live, you end up renting the money to buy the place. Quite interestingly, someone rebutted…

How To Throw Away Just As Much Money Buying vs Renting

It’s time for another comparison of rent vs buy. It’s not that I condone buying a house, but in ultra expensive cities in Canada like Vancouver and Toronto, all the arguments of buying over renting have become myths. The popular saying that you are throwing your money away renting is getting harder and harder to…

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…