The volatility hitting Europe and the risk of damage to the global economy means the Bank of Canada may move to cut its benchmark interest rate to ward off the risk of recession. Some economists are predicting a cut in the prime rate anywhere from 0.5% to 0.75%. Even if they are wrong the general [...]
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Clients often ask me whether they should pay down their mortgage or contribute to their RRSP. Here are the things to consider: If you pay off your mortgage first and then start contributing to your RRSPs, you are guaranteed a tax free return equivalent to your mortgage interest rate. The problem [...] Ever since the Sub-prime meltdown in the US, a number of the banks that have been excellent sources of mortgage funding for investors wanting to build their portfolios, have changed policy. Of the number of changes, including max 80% financing, max 5 rental properties, max mortgage liability per customer, higher debt coverage requirements, [...] How an investment is funded can be as strategic as the choice of investment itself. If you come into a lump sum of money such as a company bonus or inheritance and are looking at investing that money, the Smith Maneuver may be the strategy of choice. The Smith Maneuver was created [...] Canadian senior economist Sal Guatieri asserts that immigration as a key factor in keeping home prices and sales steady through 2012, as their increased numbers support demand, particularly in urban areas. “Meanwhile, Canada’s relatively sound fiscal finances have made it a desirable destination for non-residents to park their wealth during these uncertain economic times.” There [...] The Bank of Canada will probably leave its benchmark interest rate at 1 per cent for a sixth consecutive decision. At this point, the smart money seems to be on there being no move before September or October. Derek Holt of Scotia Capital, an analyst with a particularly solid track record of prescience, says Mr. [...] The following article illustrates that not all mortgages are created equal and that you should review your mortgage regularly to see if you can save money. Often you can and it can be substantial. As always it is important to talk to an experienced mortgage broker to get unbiased, educated advice. Read full article. addthis_url [...] addthis_url = ‘http%3A%2F%2Fwww.investingincanada.org%2Freal-estate%2Finvestment-property-buying-tips’; addthis_title = ‘Investment+Property+Buying+Tips’; addthis_pub = ’101864143197340′; 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 [...] 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 [...] |
peter@investingincanada.org 
Peter Merabian helps Canadian individuals and families by providing investment and tax saving strategies that help them achieve their financial goals sooner. 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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