When Buying Investment Property, is it Better to be Young?
Ask anyone over the age of 55 and they’ll likely be able to give you a long list of things that were better when they were young. But, is buying investment property one of them? While investing in real estate is always a much better option than buying stocks, bonds or mutual funds (especially in…
Read moreAre You Worried about the Canadian Economy in 2012?
For years we Canadians have been priding ourselves on the fact that the global financial crisis of 2008 didn’t hit us nearly as bad as the rest of the world – especially those people to the South of us that always seem to come out just a smidge better than us. But it seems that…
Read moreWhat are High-Risk Mortgages?
Many people think that in order to get a mortgage in Canada, you must have a great credit score, and generally this is true. However, there is a certain type of mortgage, called a high-risk mortgage, that allows people even with blemished credit to still become a homeowner in Canada. So when your credit score…
Read moreWhat’s Better for Retirees: Reverse Mortgage or Secured Line of Credit?
Retirees certainly aren’t out of options when it comes to borrowing against their home equity. Reverse mortgages, home equity loans, and HELOCs are all options; and while this might sound like it’s giving seniors the best of everything, it can also be overwhelming because homeowners don’t know which one is best for them. It usually…
Read moreShould a Review of CMHC be Taken?
The Canadian Mortgage and Housing Corporation (CMHC) has helped millions of Canadian homeowners obtain a mortgage. But now the International Monetary Fund (IMF) has issued a report that suggests a review of the CMHC practices may be necessary, and that there may be a better way of doing things. The IMF is a global organization…
Read moreShould You Borrow to Invest?
Borrowing to invest is a strategy that many investment professionals often tout. But, is it a really good idea? And should you put your home on the line so that you can invest, and maybe get tenfold the money back? When talking about borrowing to invest, you first need to look at what you’re borrowing…
Read moreMore News on Boomers and the Housing Market
Back in September we talked about the Canadian Press report that showed some of the dramatic changes the Baby Boomers will be making on the housing market in the years to come. Now, the Canada Mortgage and Housing Corporation has come out with a report of their own, looking at the same stats for Baby…
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