The term on my mortgage is up for renewal in a couple of months. I have to decide between fixed or variable. The good news is that interest rates are lower today than when I bought my condo almost 4 years ago so no matter what I choose my monthly payments should become lower. My strategy is to… Read More »
I’m sure many have heard that divorce can be financially devastating for a couple. But in a country that has over a billion people, couples are divorcing like their future retirement plans depend on it. And in a way, it’s true. China is home to some of the most unaffordable real estate in the world. If you think housing in… Read More »
The average value of farmland in Saskatchewan increased by 9.1% during the first half of 2012 according to Farm Credit Canada. Annualized that’s 18.2% growth per year. I heard about farmland being a good long term investment at the beginning of this year but had no idea the momentum would continue to be so strong despite all the… Read More »
There are certain lending rules that banks are expected to follow when they approve someone for a mortgage. In Canada, the lending rules are… 1) No more than 32% of our gross income can go towards housing related expenses like mortgage, heating, property tax, etc.. 2) No more than 40% of our gross income can to towards making… Read More »