The Bank of Canada Governor Stephen Poloz stated last month that this country’s housing market could be overvalued by as much as 30%. This may very well be true, but it’s nothing to be alarmed about. 😉 In fact I would be really surprised if our real estate market was not overpriced given what’s going on in the rest of the… Read More »
To understand why the Canadian housing market is performing so well we have to look at where the demand is coming from. According to the Canada Mortgage and Housing Corporation, one person households are “expected to show the fastest pace of growth, making it the single biggest type of household by the 2020s.” As the population ages more senior… Read More »
I’ve been very fortunate with my past real estate investments. My Vancouver condo, and farmland near Yorkton, SK have altogether made me over $75,000 in pre-tax capital gains, at least on paper. 😉 Not too shabby considering how 5 years ago I still had student loan debt and a negative net worth. 😛 Researching a New Investment Idea Recently I was brainstorming ideas for my next… Read More »
Difficult to Refinance You know the credit market is tight when the former Chair of the Federal Reserve can’t even refinance his mortgage. 😛 If that’s of interest to you, you’re not a loan. 😀 Ben Bernanke graduated with a Bachelor of Arts in economics in 1975 from Harvard University. He later received his Ph.D. in economics at The Massachusetts Institute of… Read More »
Is our home an asset or liability? The answer depends on how we define “asset.” 😉 According to the Oxford English dictionary it’s a a useful or valuable thing or person. Investopedia defines asset as a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefits. According to these definitions a home… Read More »
For cat lovers what could be a better housewarming gift than having a furry feline delivered right to your new home? 🙂 The largest bank in Eastern Europe called Sberbank Rossii is offering this unique service right meow. 😀 For a limited time only anyone who signs up for a mortgage with this lender will be able to choose one from a selection of ten different… Read More »