Tagged : kamloops house for sale

A significant “negative shock” to the economy: That’s what it’s going to take to lower interest rates again, says Canada’s most powerful banker.

And Bank of Canada head Stephen Poloz isn’t betting on that happening any time soon. Neither are bond traders, the big guns that bet billions of dollars every day on the direction of interest rates.

So let’s suppose – just for fun – that they’re right (since we all know how often markets and economists aren’t right). If we are actually near a bottom in rates for a few years, what’s the best way to play your mortgage?

Well, it just so happens that there’s an app for that. It’s called a spreadsheet and I’ve taken the liberty of putting mine through its paces and model out which mortgage term (or

Owning your home means more financial responsibility than merely being an occupying tenant in a rental property. There are a considerable amount of additional costs that go in to purchasing a house such as Home Owners Association fees, insurance, maintenance, and repairs. In spite of the extra expenses having a place to call your own gives you a sense of pride and accomplishment as well as provides a fantastic investment opportunity as equity is built over time. 

One of the best aspects of purchasing your own residence is the ability to put a personal touch in to the decor and style. Paint colors, flooring, lighting, or total room redesigns are all just waiting for you to choose and customize. However, a home owner not only needs to keep their finger

When I talk to real estate investors about the deals they’re doing, I’m surprised how often they choose to skip working with a real estate agent in favor of doing the deal themselves. From a dollars-and-cents perspective, I can understand that they are counting the cost of doing the work themselves versus paying a fee to an agent. And, it’s an unfortunate reality in the real estate industry, that there are many agents who are not “investor-savvy” and operating with the investing mindset that these types of investors need.

However, I can also tell you, as someone who invested in his first door at the age of 18 and then became a real estate agent in the 1980s, there are a group of us investing-savvy agents who are simply NOT being utilized to the degree