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Ok, I know I am not exactly breaking any news here, but if there are still people out there that believe Canada’s metropolitan centres are not in the middle of a large housing bubble, then I wish to tell them I have joined the ranks believers. I should first qualify my statement a little. I…
When I first started looking into personal finance, figuring out what was best for me, there was never a point where I could actually consider buying a house. I was single, I had a very modest income, and I was barely making it by as is. There was no chance I could afford to own…
You’ll probably all make fun of me for this, but that’s okay. I live exactly 3 blocks from the house I grew up in. Hmm… no Momma’s boy jokes yet? I’m sure there will be some by the end of the post. Or, at least in the comment section. Anyway, you can probably imagine the…
Over the next few weeks, I’m going to a series of posts about whether certain asset classes are overvalued. I call it the bubble series. First up: Canadian housing. Over the past decade, real estate has been one of the best performing sectors in Canada, if not the best. There are countless stories of people…
This economy has produced an unlikely winner in the housing market. If you have a home that won’t sell and you don’t have the option of staying put, your home could be a cash generator for you. Here’s why, over the past year the demand for rental property has surged and it is expected to…
New reports say that the rate of foreclosures down in the US has once again picked up. This is certainly bad news but some economists believe that before the housing market can rebound, the balance of the toxic mortgages have to be flushed out of the system. Here in Canada where the real estate market…
There are many beliefs about personal finances that are sometimes unfounded and often not interpreted correctly. As people’s relationship with money can vary a great deal, when it comes to personal finances there are unfortunately no magic formulas for ‘getting rich’, ‘saving’, or ‘eliminating debt’ that can be applied to everyone. Here we’ll look at…
