Household debt as measured against disposable income nudged lower from a record high in late 2010, a sign that Canadians are beginning to curb their borrowing behaviour. Canadians’ net worth hit a record in the fourth quarter, 4.1% above the pre-recession peak set in the second quarter of 2008, and nearly 15% above the trough [...]
Peak Oil Will Be Boon For Canada
The following is a fantastic video on peak oil. If peak oil is truly upon us Canada, being the second largest source of politically stable and investor friendly oil in the world second to Saudi Arabia, will fair well as higher oil prices will make the oil sands more and more economically viable. This increase [...]
How Money Works
Exploring the significance of compound growth and why we should all take a hard look at the best money makers out there and copy what they do.
Rebuilding After Japan’s Disaster to Fuel Demand For Resources
With the estimated cost of re-construction after Japan’s earthquake and tsunami disasters at $180 billion, the scale of re-building from this disaster has not been seen since the end of World War II. Japan, being the world’s 3rd largest economy and having no natural resources of its own, will contribute significantly to the demand on [...]
Canadian’s Dreams of Retiring Fading
Forget Freedom 55 – the new reality is Freedom 68. That’s the average age at which Canadians now expect to retire – a sea change from just a year ago, when most Canadians figured they’d retire at age 65, a new study shows. Delaying retirement will send multiple ripples through the economy. More Canadians staying [...]
Variable Or Fixed Rate Mortgages-Which to Choose?
Is it better to choose a floating rate or fixed rate mortgage product? There are many articles out there that argue for or against one or the other but none explains it as thoroughly as the link below posted on Don Campbell’s blog written by Peter Kinch and Freeman Yee. It is no wonder the [...]
The Little Known Secret Your Banker Doesn’t Want You to Know.
With “RRSP Season” here again, people are running off to their banks to make their contributions. A recent study shows that 7 out of 10 Canadians have RRSPs and 7 out of 10 Canadians have no idea what they are invested in in their RRSPs. How can this be? It is obvious when you think [...]
Canadian Housing Grew 6.8% Annually Last Decade
As history has proved time and time again Canadian real estate goes up in value. Canada as a whole has appreciated 6.8% per year over the last 10 years and specific markets such as Edmonton (9.8% per year) have performed even better. Can the next 10 years perform the same? It is difficult to predict [...]
Will New Mortgage Rules Create Another Jump in the Market?
With the introduction of stricter lending rules to curb Canadian debt loads going into effect in March, a new wave of buyers may create another upswing in the market. Some of the new rules include reduction of amortization to a max of 30 years from 35 as well as max loan to value for refincing [...]
Peter also manages his own multi-million dollar rental property real estate portfolio which he co-owns with investors. Unlike many financial advisors, Peter uses a global approach to investing and puts money where his mouth is by personally using many of the strategies he advises his clients on.
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Categories
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- Life insurance (13)
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Recent Posts
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- The Power of Dollar Cost Averaging
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- When You Need Life Insurance the Most (humourous)
- RRSP: Rush Deadline Not Investment
- Protect Your Credit Score Through Automation
- A Financial Bunker For Scary Times
- Contribute to Your RRSP Without Having the Cash to Do So.