Should You Go With A Variable or Fixed Mortgage?

The biggest question that many Canadians will be facing over the next couple of years is whether to go with a fixed rate mortgage or a variable rate mortgage. Unlike our distant North American cousins in America, Canadians have the ritual to renew mortgages every 5 years. It’s too bad that Canadians don’t get the…

Avoid The Pitfalls Of Your Past Generation

The sad part of  learning about personal finance is realizing that the past generations before you did it all wrong. When I get a chance to sit back and think about all the learnings and values that were taught throughout my life, it becomes quite apparent why we never “got ahead”. Perhaps it’s the failing…

Are REITs Better To Own Than An Actual Condo?

Many people believe that real estate is the best investment. That includes those that buy Apple stocks, weed stocks or even Bitcoin. From a historical perspective, real estate has always had a steady upward trajectory in price, very much similar to stocks and equities. However, real estate has suffered less significant and frequent crashes that…

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…

What Happens When You Over Contribute A TFSA?

The TFSA has been around since 2009 and its introduction has created a great way for many investors to make money completely tax free. The fact that money made in a TFSA is tax free could mean that people will try to take advantage of it. So what exactly happens when the TFSA is over…

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…

Why Canada Is A Poor Place To Invest

Unless you own a house in Toronto or Vancouver, Canada hasn’t been a good place to invest over the past ten years. If we look at the performance of Canada’s main stock index, the TSX, over the past decade, the returns have been abysmal. With only a 17% cumulative gain over 10 years, anyone who…