Fall 2013 Canadian Market Overview courtesy of RateHub: “Canadians are paying off their mortgages in 18.2 years” Click here to view infographic data.
2013 Mortgages: A Canadian Market Overview courtesy of RateHub “Out of 9.65 million Canadian homeowners, 3.7 million are mortgage free.” Click here to view infographic data.
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 […]
This article and graph demonstrates the amazingly strong correlation between Vancouver Home prices and the GDP growth of China. When China slows, Vancouver Home price gains suffer, when China grows so do Vancouver prices. http://www.bloomberg.com/news/2013-01-20/china-growth-sets-vancouver-home-prices-chart-of-the-day.html
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 […]
According to leading economist Benjamin Tal, in the latest CIBC Consumer Watch report, the Canadian housing market should not be compared to its counterpart in the United States for the two following main reasons: 1) Adjusted Rate Mortgages Don’t Exist in Canada While the 30-year fixed rate mortgage has long been the U.S. standard, 80% […]
Here is a great article by ratehub.ca outlining the facts about the Canadian mortgage market. It will surprise many how little leveraged we really are and the speed at which we are paying off our mortgages. http://www.ratehub.ca/mortgage-blog/2012/11/5-things-you-didnt-know-about-the-canadian-mortgage-market-infographic-2/
According to the RBC affordability index, showing historical affordability of all provinces across Canada, most provinces show poor housing affordability in relation to historical norms with one huge exception- Alberta. Both Edmonton and to a lesser extent Calgary, show historically good affordability. In fact affordability in Edmonton has reached historical lows (low cost of ownership […]
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 […]
Passive income in real estate is what we all strive to achieve. The problem is passive income, on the most part, does not exist. The truth is that owning top performing investment real estate takes work. It is essentially running your own business and, as with most businesses, efficiency is key. Automating as much of […]
- 2013 Mortgages – Infographic
- Why Japanese Monetary Policy Will Drive Global Mortgage Rates Lower
- Your Biggest Asset? You!
- Vancouver Home Prices Strongly Correlated to China Growth
- Pay Down Your Mortgage or Contribute to RRSPs?
- Research Now Before the RRSP Rush
- Should We Worry About a US-Style Housing Meltdown?
- 5 Things You Didn’t Know About the Canadian Mortage Market
- Alberta Housing at Record (Good) Affordability