The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Using The Wealth Formula to boost investment success + MORE Jan 8th
For many Canadians, learning investment basics can lead to smarter choices and, ultimately, a better retirement. A good starting point is understanding the fundamental elements that determine investment success or failure. These elements can be summed up in a simple equation I call “The Wealth For.... More »
Buying a second home: How it works in Canada + MORE May 9th
What does it take to buy a second home in Canada? There’s a lot to consider, from figuring out whether you can afford to buy a second property (and whether it’s worth it) to navigating the down payment requirements and mortgage rules. To help you get started, we’ve answered these questions and.... More »
The best high-interest savings accounts in Canada for 2024 May 2nd
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Hospital helper nearly overlooks brother after NYC fire - CP24 Toronto's Breaking News Jan 11th
Hospital helper nearly overlooks brother after NYC fire CP24 Toronto's Breaking NewsHow fleeting choices, circumstances doomed 17 in Bronx fire CTV NewsHospital volunteer nearly overlooks brother after Bronx apartment fire The Globe and MailWhat we lost, what we carr.... More »
House rich, cash poor: When a reverse mortgage might make sense Jul 15th
Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States. Fairly or not, that reputation has instilled some wariness in Canada, where regulations have long been more stringen.... More »
When To Sell Your Investment Property?
– investitwisely.com
Theoretically, real estate appreciates forever. The housing market rises and falls but given enough time, all properties are worth more than their purchase price. However, holding on to properties forever is impossible. Moreover, taking advantage of a high point in the market can be the best decision to make. If you find that the following situations apply to you, now might be the right time to contact a company like We Buy Any Home and inquire about selling.1. When a Major Life Event Occurs
Some major life events signal that it is time to reconsider owning an investment property. You might gain a new family member, lose a family member, your career might change, you might have to relocate your primary home, and these are just a few examples. Looking after an additional property in addition to your home may no longer be viable.
2. When Rental Income Matters Less
If your primary source of income suddenly increases, the passive revenue you receive from rent may not matter so much. As the money and joy of owning extra homes fade, the responsibility and headaches of dealing with other properties never diminish…
