bigstockphoto_House_4108400[1]

Can mortgages make you rich?

Investors I speak to these days aren’t too troubled by low interest rates or the inability to find safe, reliable income. That doesn’t mean they’ve parked their cash and let inflation erode their portfolios. Instead, they’re cashing in on the double-digit returns of Mortgage Investment Corporations, known as MICs (pronounced MIC as in Mick Jagger).[…]

kitchen

Tax profit as income or capital gains?

Recently, I chatted with a couple who, after seven years, sold their century-old row house in Toronto’s Trinity-Bellwoods neighbourhood. With grins plastered on their faces, they happily declared the best part was their sizeable profit—they sold for $300,000 more than they originally paid—was completely tax-free. This got me thinking. Every week we get questions from[…]

What is your neighbour’s house worth?

Finding out is easier (and cheaper) than you might think. Ever wondered if your neighbour’s house is worth more than yours? Curious about what the house across the street fetched when it last went up for sale? Wonder no more. You might be surprised to hear that you likely have easy access to not just[…]