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Why Japanese Monetary Policy Will Drive Global Mortgage Rates Lower

Japan, for the last 6 months or so, has embarked on an unprecedented economic experiment. Much like the US with their quantitative easing program, Japan has implemented its own but on a grander scale vowing to print as much money as needed to bring inflation back to Japan after a two-decade-long period of deflation. The […]

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Your Biggest Asset? You!

Here is an excerpt from a very good article written by Manulife about the reality of your biggest asset: Canadians’ ability to earn income is usually their biggest asset, more valuable even than their home or other investments, and that asset is at greater risk than many realize, through death, disability and illness, says Steven […]

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Pay Down Your Mortgage or Contribute to RRSPs?

Often debated among financial advisors is whether to pay down your mortgage or contribute to RRSPs. The following article does a decent job at explaining the pros and cons. What it fails to explain is that there are other investments out there that can fetch a better more consistent return than mutual funds or stocks […]

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Research Now Before the RRSP Rush

It’s the new year and with that the fast approaching “RRSP season”. Most of us procrastinate on this and wait to the 11th hour to make a decision as to whether to put money into an RRSP and if so how much and into what investment. Usually our money goes to our favourite bank or […]

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Smith Manoeuvre-Converting Bad Debt to Good

In Canada you are allowed to deduct the interest on a loan used for investment. The Smith Manoeuvre, coined by Fraser Smith, is a proven way of converting your non-deductible mortgage interest on your primary residence to a fully deducible loan. Here is how it works. Say you have a $250,000 mortgage on your home and […]

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Home Equilty Lines of Credit Limits Slashed by Big Banks

It’s no longer rumour anymore. As speculated in my June article , the major banks are reducing their allowable Home Equity Line of Credit (HELOC) loan-to-value limit from 80% to 65%. This is after a series of recommendations by OSFI (the Office of Superintendents of Financial Institutions) which governs banking regulations for federal regulated institutions. […]

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Why Not to Invest Now…or Ever

If you don’t know which excuse to use this year for not investing, here is a link to the “I don’t want to invest my money now because…” historical bible of excuses for not to ever invest. Although humorous in nature, it points out that it never seems the opportune time to invest, and that […]

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Get a Home Equity Line of Credit Before They Are Gone

If you have considered getting a home equity line of credit (HELOC), now may be the time to do so. Speculation is high that the next set of regulations to curb Canadian debt will be to scale back the maximum amount one can borrow against their home in the form of a home equity line […]

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Stock Market or Real Estate-Which Has Performed Better?

I often hear clients say that real estate is the best investment. Being a real estate investor myself, I would agree – sometimes. It depends on which market you invest in and what type of property you invest in. Speculative investors, having bought in Vancouver, have done well over the years. But how well? How […]

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Deferring Property Taxes to Grow Your Wealth

DEFERRING PROPERTY TAXES-Do you or your parents own a home with debt of less than 85% and are 55 years or older? If yes, then why not defer your property taxes? Deferral of property taxes is available to individuals 55 or older. The interest rate is charged at prime minus two percent (1% as of […]

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