by KevinBell | Sep 7, 2022 | Bank of Canada, Rates
Last year, the Bank of Canada and central banks globally were committed to the idea that inflation was transitory and once supply chain issues were resolved prices would return to normal. In Canada this was especially strange given the Bank of Canada only mandate was...
by KevinBell | Aug 16, 2022 | Home Buyer, Mortgage
Home ownership is a great way to build financial security. After 25 years, you could own a house that is paid off, and has likely increased in value significantly, or you could have paid a lot of money in rent and have nothing to show for it. For First Time Home...
by KevinBell | Jun 7, 2022 | Mortgage, Retirement
With the increase in home prices Canadians have experienced over the last decades, home equity has become an increasingly important source of capital and income for many Canadians in retirement. Since home equity is available on a tax-free basis (unlike pensions or...
by KevinBell | May 3, 2022 | Mortgage, Taxes
The Cash Dam is a simple but powerful tax strategy that allows the owner of a rental property (or small business) to convert their non-deductible mortgage on their home to a tax-deductible credit line. I use this technique to help of our real estate investor clients...
by KevinBell | Mar 17, 2022 | Home Buyer, Housing Prices
While it’s not yet showing up in the data, realtor contacts are widely reporting a significant decline in the number of bidders on properties, as well as an increase in the number of failed bidding wars. Inventory levels are still low, but here’s where the story gets...
