There’s speculation that the federal budget coming Tuesday will include a tax measure that would hit people buying and then selling investment properties in hot housing markets. That’s not how higher taxes on capital gains would be billed, but people buying investment properties in addition to their principal residences would be affected. In reality, […]
toronto home buyer
Rent or Buy – Global’s real estate calculator will help you decide
To rent or buy? That is a question Canadians across the country face as they weigh the pros and cons of making the leap into home ownership. Conventional wisdom says to buy property. We’re not making any more land, and with the Bank of Canada keeping interest rates low and mortgage rates falling it […]
Price gains in Vancouver, Toronto cause housing affordability to decline – Royal Bank of Canada
TORONTO – Royal Bank of Canada (RBC) says that if current trends continue, single detached homes in Toronto and Vancouver will soon be firmly in the luxury housing segment, available only to wealthy households. In its latest housing affordability report, RBC says trends continued to vary widely between the country’s various real estate markets […]
RRSPs are about much more than just retirement
While the word “retirement” makes up one of the four letters in the RRSP acronym, many investors just starting out may not realize that an RRSP can be useful for many things other than post-work income. RRSPs can be used, for example, (1) to generate an emergency source of income after unexpected job loss; […]
House-hunting millennials want ‘move-in ready’ homes: survey
Millennials are entering the housing market in huge numbers. And a recent survey shows that, unlike previous generations, their main priority is finding a home that will need little or no work before they can move in. “Millennials want move-in ready,” said Consumer Reports expert Dan DiClerico. “They want to cook in that kitchen […]