As 2016 draws to a close, there is still time to complete your mortgage before year end and take advantage of today’s historically low (but rising) rates. With holiday parties and the busyness of the festive season starting earlier and earlier each year, mortgages may be the last thing on your mind at this point. […]
3 Reasons to Complete Your Mortgage Before Year End Read More »
Typically, when we see stock markets rallying up we also see bond yields go down, and many ask the question “why does this happen?”. What’s important to keep in mind as mortgage consumers or bond market investors is that bond (debt) markets and stock (equity) markets are all essentially competing for investment dollars at some
Why a Rising US Stock Market Impacts Canadian Mortgage Rates? Read More »
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 whether 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 growing
Borrowing to invest (otherwise known as financial leverage) is a personal finance strategy where someone borrows funds for investment purposes. Due to the uncertainty of investment returns and the fact there is borrowed money at stake, borrowing to invest is a riskier a strategy than buying the same investments without debt. When borrowing to invest,
Borrowing to Invest – Part 1 of 3 Read More »
1. RRSP contributions are tax deductible. TFSA contributions are not tax deductible. With a TFSA, you can’t deduct your contribution on your tax return. This means that the money you put into a TFSA is funded with after tax dollars. Conversely – with an RRSP you can deduct your contribution on your tax return which
5 Key differences between TFSAs and RRSPs (and how to use them to save money) Read More »
With interest rates at near all time lows and a number of the global investment and real estate markets showing strong return numbers – borrowing to invest has never been more popular. Using home equity to access cheap money can be a great way to get a jump start on your investment portfolio – it
Five Key Things to Consider When Borrowing to Invest Read More »
It looks like the low interest rate environment is here to stay for the foreseeable future. The sad reality is Canada’s economy just isn’t recovering from the sudden drop in oil prices as economists had predicted… we have wide spread economic indicators showing a series of weak areas of the economy. Home Equity Lines of
Why Carrying a Large Home Equity Credit Line …. Makes No Sense!!! Read More »
Calum Ross Mortgage Cares – Our 2015 Using Money to Buy Happiness Program See contest rules at bottom of post: Over the last two years I have put out an annual letter – my own form of “Happiness Campaign” during the holiday season. This journey first started the year after my own divorce in 2010.
Help Us Give 5 Families a Gift of $1,000 This Holiday Season Read More »
It always amazes me just how quickly Canadian consumers forget how dependent the Canadian economy is on the US economy. Simply put… the Canada-US trade relationship is one of the single biggest trading relationships in the world. So if the US Federal Reserve does raise rates in December 2015, as widely expected, it will be
Why US Fed Rate Hike Means Higher Canadian Mortgage Rates Read More »
Did you know that if you have any debt other than a mortgage debt it is very likely at a higher interest rate than secured mortgage borrowing? In fact, even if you have lots of extra cash flow and pristine credit you may lower your payment and interest cost by rolling this into your current
Using Your Home Equity to Lower Monthly Payments (aka Debt Consolidation) Read More »