Who pays mortgage broker fees?

Once upon a time, we all believed that our friendly, neighbourhood bank advisor or financial planner worked for free. But like the myth of a flat Earth or the notion that retiring is easy, virtually no one believes these myths anymore. Truth be told, nobody works for free. Financial advisors don’t work for free; your …

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Why Investment Property Mortgage Interest Rates Will Rise

With new mortgage rules in effect and regulators closely monitoring credit policy in Canada, there has been much conversation about the impact on real estate prices and how much the changes will slow the pace of residential real estate appreciation. Only time will tell how regional based foreign home buyer taxes, tougher mortgage rules, and …

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How to make a Canadian mortgage tax deductible

There are a lot of advantages to owning a principal residence in Canada. Property is an excellent hedge against inflation, it offers an opportunity to earn revenue from rentals (allowing the asset to act as an alternative to other fixed-income investment products) and any gain in value on your principal residence is sheltered from taxes …

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How to make your Canadian Mortgage Interest Tax Deductible

Here in Canada, we don’t get to write off home mortgage interest on our personal residences they do in the United States without formal planning. Many Canadians have to pay every dollar of interest with after-tax dollars. The name of the game here is tax savings and wealth creation through strategic conservative leverage wealth strategy. …

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Investors: Beware of Syndicated Mortgages!

I have been asked by hundreds of investment advisors, portfolio managers, mortgage professionals and clients my perspective on the syndicated mortgages as a whole. Here is my most simplified opinion on the matter along with a simplified explanation. I have no financial gain in writing this and will never comment on individual projects or their respect …

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Is Toronto Experiencing a Real Estate Bubble?

It’s not exactly news that ordinary Canadians are being squeezed out of many real estate markets. Prices for both single-family homes and condominiums in markets like Vancouver, Montreal and Toronto (and their suburbs) have skyrocketed — far outstripping wage growth. But developers are still building — creating more and more homes for a rapidly narrowing …

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Rate of Return – it is risk adjusted rate of return that matters

When you’re investing, rate of return is a key metric you want to pay attention to. Simply put, it’s the gain or loss of your initial investment over a specific period of time. For example, if you invested $100 today and your investment grew to $105 a year later, then your rate of return would …

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