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…

Should You Be Afraid of Home Capital Failing?

The business and economic news that is dominating Canadian media is how an alternative mortgage lender named Home Capital Group has lost over 80% of its value over the past week. This has led to speculation that the company won’t survive and it could be sold off as it continues to lose liquidity. Before we…

Can You Retire With A $1M House?

The latest financial news to hit the wire over the weekend was a report that stated that Canadians now owe $1.65 for every dollar earned. Most of  the debt was due to the rise in mortgage loans that Canadians took out as houses continued to hit record highs in the popular cities of Toronto and…

How Much House Can I Afford?

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…

Book Review: The Wealthy Barber Returns

The original Wealthy Barber book by David Chilton was one of my all-time, favourite personal finance books.  When the author decided to introduce the second version of The Wealthy Barber, it was a no brainer for me to buy and read the book.  Despite the disappointment that the book didn’t read like the first one,…

How Renting Can Be Cheaper Than Owning

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…