Rent is up, vacancy is down… rental properties make sense + MORE Feb 13th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News

Housing market slowdown continues with sales and average prices well down from last year - CBC News + MORE Oct 14th

Housing market slowdown continues with sales and average prices well down from last year  CBC NewsReal estate: Canadian home sales continue to slow  CTV NewsCREA reports home sales in typically busy September continued to slow  NewmarketToday.caCanada’s average home p.... More »

Mortgage brokers rated their lenders, and these are the results + MORE Apr 16th

If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?.... More »

First National’s Q3 earnings “exceed expectations” on strong mortgage originations + MORE Nov 4th

Against a challenging economic backdrop, First National managed to outperform in the third quarter thanks in part to continued strong mortgage originations..... More »
 finance

You Lawyer May Be Overcharging You Jun 13th

Picture this: you’re buying a home or refinancing your mortgage. You hire a lawyer to facilitate the transaction. You decide to go with a mortgage that is NOT through one of the big six banks, like hundreds of thousands of Canadians do every year. Suddenly, you get a call from your lawyer. They wa.... More »

Canadian banks set for strong results as trade, housing risks loom Feb 19th

As Big Six prepare to release earnings, rising household debt, slowing mortgage growth could weigh on outlook .... More »
Rent is up, vacancy is down… rental properties make sense
Rental properties are a secure long-term investment. Note the emphasis on “long-term”.
Check out any seven-year period over the past 50 years (anyone who has read this news site knows that I always recommend buying and holding for at least seven years). Property values have almost always risen.
Sure, the last five or 10 years have seen fantastic appreciation in almost every part of Canada. But, let’s leave capital appreciation out of the equation for now.
Why aren’t we talking about rental income? Or, how about the equity growth through your mortgage being paid down each year?
RENTAL INCOME IS UP, UP, UP!
Rents have definitely gone up with inflation (or even higher, in many cases, as we have seen in urban markets like Toronto and Vancouver). This is part of what makes rental properties attractive – rent rises with inflation and, in many cases, even higher. This is how you create your own pension or retirement income!
Here we are, it’s February 2018. Click on any newsfeed about real estate and you’ll surely hear about rising mortgage rates and the anticipated falling house prices (yes, they could be declining)…

Continue Reading On canadamortgagenews.ca »

Are Brittany and Wayne on track to retire at age 59?
Brittany and Wayne Hart are a young couple living in Pickering, Ont. Brittany, 28, earns $80,000 annually with an annual increase of about 3% as an Ontario government employee while Wayne, 33, works in sales earning $45,000 a year with 2% increases in salary annually. The couple has an 18-month-old daughter.  Two years ago, they bought their home in Pickering so that both could have easy commutes to their jobs.
“Wayne works in Markham, Ont., and I work in downtown Toronto, so it was a good option for us,” says Brittany. “We really wanted to be close to work but also have a nice environment to raise our daughter.”
The couple loves to travel and is motivated to retire when Brittany is 59 and Wayne is 63. “I would love to retire at 50 but I know my husband and I will not,” says Brittany. “But retiring a little before I turn 60 is something we’d like to aim for. I just don’t know if we can do it because mortgage payments, daycare and debt repayment, we have a hard time saving much money…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!