5 Reasons for a variable-rate Mortgage

One of the big decisions homeowners face is whether to choose a fixed- or variable-rate mortgage. Now may be the time to go variable. A fixed-rate mortgage locks in an interest rate and the payment stays constant over the term. For new homeowners taking on a huge debt, this may help them sleep at night. Read More »

Canadian 30 Year Olds are Screwed

I’m a Chartered Accountant and financial planner. For the last five years, I have helped dozens of 28 to 40 year old individuals and couples plan their finances. Despite the title, I am writing this article because I am worried about them all – I’m afraid they are headed down a road of financial disaster that could ruin them for life. Read More »

Get Into Real Estate With Contract Assignments

If you’re looking for a way to get into real estate with no risk, then contract assignment is what you need to learn. You can earn typically between $500 and $3000 dollars for each transaction you assign. This is the simplest real estate profit model because it requires no capital to execute the transaction. Read More »

Toronto is doing fine, Thank you

“There may well be some period in the near future when financial markets are demoralized and much better buys are available in equities; that possibility exists at all times. But you can be sure that at such a time the future will seem neither predictable nor pleasant. Those now awaiting a ‘better time’ for equity investing are likely to maintain that posture until well into the next bull market.” Read More »

How much Home can you afford?

Before you start looking for your dream home, let’s find out how big you can dream. Knowing your true budget is the first and most important step in buying a home. A home is a big purchase. It is probably the most expensive thing you will ever buy, and there are lots of expenses you might not even know about. Here is a the general framework Read More »

What is a property assignment? See real life example

An Assignment is a legal sales transaction whereby the Original Purchaser (the “Assignor”) of a property sells, and thereby transfers, their rights and obligations under the original contract to a new Purchaser (the “Assignee”). An Assignment takes place from the time an original Agreement For Sale has occurred between the Developer (the “Vendor”) and the Original Purchaser, and PRIOR to Completion of the Property. Read More »

10 day cooling period

When buying a brand new condominium in Toronto, you automatically get a 10 day cooling period. This allows you to cancel (rescind) your agreement and you are released from any further obligations and all your deposits are returned. Read More »

Assignments for pre-construction condo

You’ve might have noticed in some builders provide free assignments and others charge a fee. A lot of first time buyers and first time investors might not understand how this affects their purchase. Let me try to explain what it is and how this can affect your decision to purchase. Read More »

Projects that boost a home’s value fast

If you have time to tackle a few remodeling projects, while your goal may simply be to freshen the appearance of your home, you also want to know that your hard work will increase your home’s value. Here are eight home improvements you can finish by Labor Day that will pay you back. Each costs less than $1,000 and should require less than a day’s work. Take a look. Read More »

How to choose a real estate?

Here is a checklist of what to expect from a real estate professional: Read More »

Renting an Apartment or Leasing a Condo – 8 Tips

If you are in the market to rent or lease an apartment or condo follow these 8 tips. Read More »

How to Rent an Apartment or House

The rental markets in many cities are cyclical: a few boom years with renters scrambling for any available studio followed by a glut in availability. In either scenario, the most desirable rental units are snapped up the quickest. Do your homework, then hit the pavement. Read More »

How to rent out a Condo? Guideline for starters

I’m assuming you are going to be a first time landlord. Being a landlord can be a daunting experience. Read More »

Should I Refinance my Home? How does it work..?

The mortgage refinance rush is on. With interest rates at their lowest point in decades, millions of homeowners are trying to refinance their homes to save money. Some are trying to “escape” their adjustable-rate mortgages, while saving money at the same time. But how does home refinancing work, and when is it a good idea? These are the questions We’ll address in today’s lesson. Read More »

10 Tips on How to Flip a Home

10 easy ways to get your home ready to be flipped — and to ensure a successful outcome! Read More »

How Does Refinance Home Mortgage Loans Work?

There are many people looking to refinance home mortgage loans all over the world. This is not something new at all. This is because there are several reasons why refinancing such loans can be advantageous. For starters, when you refinance your home mortgage loan, you can actually get rid of private mortgage insurance. Read More »