Canadian housing market – doomed?

There are a lot of doomers out there about the Canadian housing market. First, there was Deutsche Bank as well as our Central Banker Poloz that saw us 30% overvalued. Now CMHC is raising a warning finger. In fact CMHC in its quarterly house price and analysis and assessment of 15 markets says Toronto, Winnipeg and

By |2019-04-23T08:52:14-07:00August 15th, 2015|Categories: Hot Tip|Tags: , , , , , , , , , , , |0 Comments

What is a cap rate anyhow?

Investors are always searching for profit or yield, but how do you know what actual cash flow there comes out of a given property? Well, Real Estate investors - small and large - use what they call a cap rate to find the true net income. But to find that elusive rate is one of

Islands in the Sun – Recreational island investing

Recreational island investing … often it is better to poke yourself with a sharp stick in the behind. Things to do - why you should be doubly careful when investing In Your Island in the Sun We forget that islands take ferries (some take 3 ferries) Building at waterfront could be impossible (can no longer go to

By |2019-05-29T19:35:38-07:00August 1st, 2015|Categories: Hot Tip|Tags: , , , , , , , , |0 Comments

Banks keep almost half of the rate reduction!

Ask your bank why! When the Bank of Canada cuts interest rates, it does so in an effort to jumpstart the economy by making it cheaper for consumers and companies to borrow money. The central bank cut its rate by a quarter percentage point last Wednesday, the second such increase this year for a total of

By |2015-07-26T12:24:49-07:00July 18th, 2015|Categories: Hot Tip|Tags: , , , , |0 Comments

Hot Tip – Don’t Worry About Greece … Worry About The EU

All the talk about Greece has everyone's head spinning. People in Europe have mixed feelings. Spain together with Italy/Portugal and a many others are watching Greece with interest. The worry by the thinkers here is that the left wing parties would gain strength if Greece is perceived to be winning (ie. will win a foregiveness of 50% of debt again).

By |2019-05-29T19:33:41-07:00July 5th, 2015|Categories: Hot Tip|Tags: , , , , , , , |0 Comments

It is not always the lowest rate that is the most important aspect of your mortgage

Discuss a list of items you should ask about your broker or bank when negotiating your next mortgage: - How much can I prepay per year with no penalty? - When can I make these payments? - How much can I increase my payments per year? - What is the penalty to break my mortgage?

By |2019-04-23T08:53:35-07:00May 30th, 2015|Categories: Hot Tip|Tags: , , , , |0 Comments

Hot Tip – Foreclosures in Calgary?

They are showing up. Some private listings claiming foreclosure are turning up on Calgary's Kijiji (we counted 32 this week) and Craigslist, but they may not be true court-ordered sales. Calgary realtor Stephen McDonald of CIR Realty, (403-680-0799) which handles foreclosures, counted a total of 55 judicial listings of residential property and 60 'bank owned' listings within a one-hour drive of downtown Calgary this week. McKenzie Towne 2-storey detached house for $319,000. Here are two MLS: 1. Detached 3 bedroom house in NW Calgary, under a Court of Queen Bench foreclosure. 2. 1,044 square foot townhouse in SE Calgary. In foreclosure, offers to be presented to Court. More details at www.factsbyemail.com

By |2019-05-29T19:34:06-07:00May 19th, 2015|Categories: Hot Tip|Tags: , , , |0 Comments

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