Spoiler alert: this isn’t one of those pro-renting articles that seem to be so in-vogue these days. You’ve probably seen the type. They purport that contrary to popular belief, if you look deeply into the long term economics of homeownership, you’ll find that it actually makes much more sense to rent. Some even tout the psychological benefits of foregoing homeownership (based on… not all that much).Continue reading “Is It Better to Rent or Buy Your Home?”
I’m a bit of a hypocrite. Whenever I go for a haircut, the gym or even to visit my dentist there’s a tv and it’s usually tuned in to a news channel. For the record, I don’t watch the news. I’m the guy that asks them to change the channel. I’m not interested in constantly hearing about how terrible the world supposedly is.
My take… if you want to be depressed, watch the news. If you want to be aware and alert, choose where you get your information.Continue reading “The Good News”
We’re celebrating Financial Literacy Month!
Join Senior Economist, Ted Tsiakopoulos and Mortgage Broker, Steve Garganis Thursday, Nov 12, 2020, at 1:00 PM Eastern Time for a chat about budgets, savings, debt, and more.
Register Now: https://buff.ly/3lhmUl3
- Interest Rates, Savings, Debt and Budgeting trends
- Good debt vs bad debt: How debt affects the economy, housing prices and financial stability
- Bankruptcy vs Consumer Proposal.
- Bank of Canada interest rate policy now till 2023 – Risks??
- Why the second line of defence (macroprudential policies) is necessary despite the recent rise in savings
- Where does the problem lie? Disaggregating debt to asset ratio by age and income
- Trends in financial literacy
- Disruptions coming post-COVID & importance of financial literacy & skills
In case you missed it check out the video below of our October 28th, Roundtable Discussion on Housing and Mortgage Market Insights…Continue reading “Housing And Mortgage Market Insights – Roundtable Discussion”
Rental properties are a secure long-term investment. Note the emphasis on “long-term”.
Check out any seven-year period over the past 50 years (anyone who has read this news site knows that I always recommend buying and holding for at least seven years). Property values have almost always risen.
Sure, the last five or 10 years have seen fantastic appreciation in almost every part of Canada. But, let’s leave capital appreciation out of the equation for now.
Why aren’t we talking about rental income? Or, how about the equity growth through your mortgage being paid down each year?
RENTAL INCOME IS UP, UP, UP!
Part of what makes rental properties attractive is that rent rises with inflation (or even higher, in many cases, as we have seen in urban markets like Toronto and Vancouver). This is how you create your own pension or retirement income! Continue reading “Real estate may not be sexy, but…”