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 »
ONE of the easiest ways to make money is to seek opportunities where others are complaining about something. There is often a silver lining to every financial problem, and learning how to take advantage of that can be very profitable. 🙂 Here are 4 common financial problems I hear people constantly complain about and my solution to each… 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 »
To become successful investors we have to think like burglars, because we must be constantly looking for windows of opportunity 😀 I saw an interview recently on BNN about alternative investing and how buying a farm can be a wonderful long term investment. Of course as any diligent person would do, I did some more research into this topic to… Read More »
Buying a home in the US right now is a pretty good idea. Prices have come down 30% from their highs in 2006 and the cost of owning is cheap compared to renting. However it’s not the same story on this side of the border. What goes up must come down right? well apparently not when you’re in Canada.… Read More »