Owning a home can be an empowering feeling and is certainly a major step towards financial independence and retirement. But it’s important to consider all the expenses of owning a home, not just the mortgage itself. For example, your heating costs will increase, or maybe at some point you may need to renovate your house,…
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Category Archives: Real Estate
Purchasing a Vacation Property in the US
The recent collapse in US home prices has provided an excellent opportunity for Canadians to purchase a vacation property in the US. States like Florida, Arizona, and Nevada have suffered with a tremendous amount of overbuilding and there is just not enough local demand to absorb all the properties. Currently investors have been acquiring condos…
Should You Use A Real Estate Agent To Sell Your House?
Should you use a real estate agent to sell your house? With home listings up 20% in Canada over last year, this question has come up for many people lately. There are pros and cons to either using a realtor or selling your house on your own. Selling Your House With A Real Estate Agent…
Consider Your House And Career When Deciding Your Portfolio Diversification
Readers of Canadian Finance Blog have heard about the importance of a diversified portfolio that should include stocks from Canada, the US and internationally, plus bonds to reduce the volatility of your portfolio. What many don’t consider is how their house and career could effect the diversification of their investments. How Your House Effects Diversification…
73% Increase In November Home Sales
The number of home resales were up 73% in November over the previous year. Of course last year was during our temporary dip as home buyers were shocked by the disaster in the US housing market and the coming of our own recession. It’s not just the amount of home sales that’s increasing, the average…
5 Factors That Might Burst The Housing Bubble
We are heading towards the end of 2009 and the Canadian real estate market is on fire. Record numbers of sold homes, record prices, bidding wars… All this is happening while we are coming out of the worst recession in 90 years, Canadians are losing their jobs, and the stock market is down 40% from…
Save Money By Selling Your House Without A Real Estate Agent
Selling your house without a real estate agent can be a great way to save money, but only if you do your research and are willing to put in more of your own time. While you won’t pay commission when going with a for sale by owner option, I wouldn’t consider the entire commission as…
