The Interim Occupancy Date So, you bought a new condo and you got your letter that you can move in. It has the term Interim Occupancy bolded with a move in date. This was the interim occupancy date. You may be excited, but, for me, that wasn’t a pleasant notice. It was at the time, […]
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The Mexican Fisherman and Investment Banker Parable
This is a short parable I first read in MoneySense many years ago. I recently thought about it again and searched for it and I want to share it with you. I do think it is such a fantastic parable, especially during these crazy times of higher inflation, higher interest rates to fight inflation, excessive […]
Special Mortgage Rates at BMO
BMO Special Mortgage Rates last updated 2021-05-25
Why Canadian Housing Will Continue to Rise
One reason I’ve stayed out of real estate for a long time is because I keep thinking it’s overvalued. Just watch a video like this and you’ll understand. But, take a look at how much real estate is part of our GDP in Canada. Source: Statista. It’s a huge portion. It’s the biggest portion of […]
How to Live Financially Free
Living mortgage free is only one step to living financially free or secure. You need to develop a strategy if you want to be financially free. The ultimate strategy is earn more income. Sure, you can cut expenses, but, unless you’re making a lot to begin with, you still want to earn more income if […]
Is Living Mortgage Free, Financial Freedom?
Is paying off your mortgage and living mortgage free really like having financial freedom? When you have a mortgage, it may seem like having no mortgage will be financial freedom. When you finally pay off your mortgage, you realize, it’s not yet financial freedom. But, you’re getting there! Related: How to Pay Off Your Mortgage […]
How to Buy a House in Ontario – Home Buyers Guide 101
Even with the new mortgage rules that came out in 2018, or the pandemic of 2020, the process for buying a house is the same. And it’s simple. From a very high level overview, it’s about finding a home seller and then signing a contract with that seller to buy that house. That’s really all […]
How to Calculate the Land Transfer Tax in Ontario
Every province and territory in Canada has some tax or fee whenever you purchase a home. You should take this into account with respect to your expenses. Your realtor fees and this land transfer tax are the two biggest expenses after the cost of your home. Mortgage insurance only applies if you’re required to take […]