All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Six avoidable financial mistakes and how to fix them Apr 18th
You might be suffering from the impacts of making these financial mistakes. Here’s what to avoid, and how to fix each one..... More »
Swiss bank UBS says Toronto has 3rd biggest housing bubble in the world - CBC.ca + MORE Oct 1st
Swiss bank UBS says Toronto has 3rd biggest housing bubble in the world CBC.caToronto real estate poses bubble risk, while Vancouver overvalued - Business News Castanet.netToronto real estate poses bubble risk, UBS says Advisor.caToronto real estate poses bubble risk.... More »
Retiring without a pension? How to generate retirement income in Canada + MORE Jun 1st
There once was a time when retirement planning was relatively straightforward for most Canadians. You put in the years at work and then, somewhere around your 65th birthday, your employer and co-workers sent you off into retirement with a small celebration, maybe a gift or two, and a reasonable, pre.... More »
Buying ETFs in Canada Tool: The MoneySense ETF Screener + MORE Nov 10th
If you’re researching ETFs to buy, you’ve come to the right place. Below you will see the tables for different ETF categories, offering ETF options from some of the best ETF providers in Canada. We’ve included some helpful ETF asset class, geography, provider, tickers, as well as one-year retu.... More »
How should a 24-year-old invest now to minimize taxes in the future? + MORE Dec 5th
Q. I’m 24 years old and have a dilemma. I have made the maximum contributions to my Tax-Free Savings Account (TFSA) every year, and now I’m wondering what money moves I should make next. By that, I mean what is the best investment route for me at this stage of my life so that I pay the least amo.... More »
Montreal’s TandemLaunch puts a twist on startup strategy
– theglobeandmail.com
Incubation and seed investment firm has backed 17 idea-stage tech firms and created conditions for success, while hiring women for half of senior roles in the process
How to win the endgame of financial independence
– moneysense.ca
SPEEDREADERBook: Building wealth and being happy: a practical guide to financial independence
Author: Graeme Falco
Publisher: Graeme Falco 2016
www.amazon.com/dp/B01MXRXM1A
Price: $11.99, Kindle $3.99
WHO IT’S FOR: People who want to get rich slowly over many years and retire early
MORE SPECIFICALLY: Those who want to know how to achieve financial independent but also how to find happiness—apart from the dollar amount in our investment accounts.
DOES IT BUST ANY MYTHS? Yes, that there are legitimate reasons to have a home country bias in your portfolio—favourable tax treatment for domestic stocks being one of them. And while there is no clear “right” answer to this asset allocation question, Canadian investors can reasonably defend an allocation made up of anywhere from 4% to 30% Canadian equity.
DOES IT TOUCH ON ANY OTHER INVESTMENT THEMES? Of course, the book talks about ETFs, stocks, asset allocation as well as taxes for someone setting themselves the goal of generating passive income for early retirement…
Toronto homeowners cash out of hot real estate market – CTV News
– news.google.ca
CTV NewsToronto homeowners cash out of hot real estate marketCTV NewsTORONTO — Sarah Blakely recalls feeling some trepidation when she and her husband shelled out more than $300,000 for a modest 1 1/2-storey house in a less-desirable part of Toronto. Scroll down or click here to vote in our poll of the day. Seven years …and more »
A pedestrian walks between homes for sale in the Leslieville neighborhood of Toronto, Ontario, Canada, on Saturday, March 4, 2017. (Mark Sommerfeld/Bloomberg/Getty Images)TORONTO – Sarah Blakely recalls feeling some trepidation when she and her husband shelled out more than $300,000 for a modest 1 1/2-storey house in a less-desirable part of Toronto.
Seven years later, they found themselves on the right side of a hot housing market, with values tripling in a ‘hood suddenly considered up-and-coming for young families seeking detached homes.
They recently sold that renovated three-bedroom for more than $1 million and now expect to live mortgage-free in a four-bedroom purchase in their hometown of Ottawa.
RELATED: Canadians are googling ‘housing bubble’ like mad
The 34-year-old says it made sense to cash out of a city that was draining their finances, energy and family time.
“My husband and I saw an opportunity to take advantage of the recent gains in real estate and to move to a less expensive city to live mortgage-free, support our savings for retirement and also to be closer to family,” says Blakely, whose new home has nearly twice the square footage…
Many buyers and sellers are waiting to see what will come of Tuesday’s scheduled meeting between Finance Minister Bill Morneau, Ontario Finance Minister Charles Sousa and Toronto Mayor John Tory, who are expected to discuss ways to rein in Toronto’s hot housing market. Meanwhile, the Ontario government is promising to announce affordability measures soon.
