“Nothing in this world is certain except death and taxes.”
Benjamin Franklin said this in 1789, and it’s just as true now as it was then. There’s just one thing I’d add given that the world has changed quite a bit since the 18th century: interest payments. Maybe not as certain, but just as stressful. If I could revise the quote now, I’d make it:
“Paying interest and taxes will be the death of us.”
Continue reading “Death, Taxes, and Interest Payments: Part 1”
For better or worse, Canadians have a lot of trust. In each other, in their government, in the places they eat, in the places they shop – and apparently in the places they bank. A 2020 survey found that seven out of 10 Canadians believe their banks have their best interest in mind when offering advice. Well, if you’re one of those seven out of 10 people, I hate to burst your bubble… but I have reason to believe otherwise.
Continue reading “Beware of “Friendly” Calls From Your Bank”
The federal government dropped the 2022 budget a couple of weeks ago. Immediately after, articles came pouring out about how it will impact different people, different businesses, different industries. A lot of it is difficult to decipher. Even more difficult is understanding what tangible impact it will have on your day-to-day life.
That’s why I thought a post like this was important. If you own real estate, are thinking of owning real estate, or you’re in the real estate industry, here are the parts of the budget you should know about.
Continue reading “The Federal Budget: Here Are the Parts That Could Affect You”
As predicted, the Bank of Canada raised their benchmark rate a few days ago. No surprises here. And yet, the media will make you feel like this was out of left field. Even worse, they’ll spew fear mongering dribble that the train is off then rail. That every single BoC meeting for the rest of the year will result in a rate pump. That we’re heading for a market crash of epic proportions. So is it time to worry yet?
I’m here to tell you this: turn off the television and take a deep breath. There’s nothing to fear.
Continue reading “Bank of Canada Raises Rate by 0.25% – Is it Time to Worry Yet?”
In 1990, Canadian house prices plummeted. Quickly too. Between March and September, property values were slashed up to 50% depending on where you lived in the country. A correction like this hadn’t happened for decades prior, and it hasn’t happened since. So why did it happen?
Continue reading “When Interest Rates Go Up, Do Property Values Go Down?”