Why You Shouldn’t Panic Over The New Mortgage Rules
If you’re seeing all the Instagram, Twitter, Facebook and article posts that I am, you’re probably wondering – ‘With the new mortgage rules coming Jan. 1st will the Canadian real estate market drop?’ It’s an easy thought to creep in... Read More →
21 Must-Own Books For Every Real Estate Investor.
Success isn’t easy and it’s never done alone. To really succeed as a real estate investor, as in all other endeavours, you need a team. Often the most experienced person you need is either too expensive to add to your... Read More →
7 Ways Hiring a Property Manager Saves You Money
It may seem counter-intuitive that paying a monthly service fee can increase your bottom line, but one must never underestimate the power of hiring a property manager ! Here are 7 ways it can save you money: • High Quality... Read More →
Investors and Landlords Need to Access Their Equity Now!
It’s pretty rare for me to throw around an exclamation point. However after three major mortgage rule changes, back-to-back interest rate hikes, a possible third rate hike and another major possible mortgage rule change all within a year, I don’t... Read More →
Secondary Financing a Solution For Lower Values at Closing
With the GTA’s homes selling for almost 20 per cent lower than they were in the spring, many transactions that were set to close are at risk. Mortgage lenders (traditional banks, monoline lenders and credit unions) have begun lowering their... Read More →
Equity Investing – 5 Great Ways to Have Your Home Make or Save You Money
Over the next couple months I’m going to show you some creative ways to have your home either make your or save you money. Today I’ll show you Equity Investing, a smart technique I’ve been using personally. It shaves thousands... Read More →
Investing Equity – Another Revenue Stream From Your Properties
I regularly have landlords and real estate investors call or email me for advice on lowering their mortgage payments to either increase their monthly cashflow or cover increasing costs managing the property. In business and investing, sometimes it’s about increasing... Read More →
Genworth’s New Mortgage Insurance Down 81% in Q2
Mortgage insurance regulation changes announced last October are having a huge impact on Genworth Canada – one of two private mortgage insurers who compete with the government’s own CMHC (Canada Mortgage and Housing Corporation). Genworth MI Canada Inc. reported the... Read More →
Why Bill 144 Has Landlords And Investors Shaking
I’ve spoken with numerous investors and landlords have have listened into many conversations about Bill 144 and it’s been awhile since I’ve seen normally calm and collected investors shake – both from fear and anger. For those who haven’t heard,... Read More →
What that rising mortgage interest rate really means to you.
The Bank of Canada finally increased its benchmark rate to 0.75 percent (up 0.25 %) after seven years of leaving the key interest steady and even reducing it a couple of times. All five major Canadian banks followed by increasing... Read More →