|
|
|
The Mortgage Monitor
|
January 2012
| |
 Over the past few weeks, there's been more news about mortgages and rates in the news than usual, and I don't think it's just me. First, BMO announced a mortgage with a rate of 2.99% and then took it back, then came the announcement of a ten year mortgage with a rate of 3.79%. The Toronto Star has a great article about why locking in for ten years may work for you, click here for the story. I have been telling clients for years that Canada is a safe place for real estate investment ( my next workshop is on March 13th) and real estate expert Mark Weisleder agrees. Scroll down for his article and read why he thinks Canada is 'a safe haven in a volatile world.' Did you know that Toronto had an official city photographer? For 37 years, Arthur Goss documented what was happening in the city. BlogTo features some amazing photographs.
Enjoy the read.
|
|
|
Why it's a good time to buy a home
 Mark Weisleder, Toronto Star: I believe there has never been a better time to buy a home. I've been in the industry for 28 years as a lawyer and I haven't seen so many positive signs for housing, whether you are thinking or buying or locking in a mortgage. Here's why: Mortgage rates at historic lows: They can't get any lower. Four to five-year fixed mortgages at 3 per cent are unheard of. It is lower than the variable rate that most Canadians have been paying for years. Rates have nowhere to go but up, either later this year or next. If you are paying a variable interest rate, lock in now.
|
|
Tax case affects eligibility to write off moving expenses
f you're thinking of moving some time in 2012, you may be able to write off your moving expenses, even if you don't actually move to a new employment location.
Under the Income Tax Act, to be entitled to deduct moving expenses, the distance between your old residence and your "new work location" must be 40 kilometres greater than the distance between your new residence and the new work location.
Click here for the full story
|
|
Devilish details: Top 10 financial planning mistakes
Over more than two years, Family Finance has gathered a composite, somewhat expected, picture of folks who ask us for help. Early in life, people take on debts, mostly mortgages. As they move through life, net worth rises.
Click here for the full article
|
|
The Toronto photographs of Arthur Goss
Goss was pretty much everywhere during the early 20th century in Toronto, having produced over 35,000 images over his 37-year career as City Photographer.
Along with the construction of the filtration plant and various pumping stations, other noteworthy projects he documented included the Bloor Viaduct, the Municipal Abattoir, and TTC trackwork across the city. What he might be best known for, aside from his shot of the Group of Seven at the Arts and Letters Club, is his photographs of slum housing in the area of the city once referred to as the Ward.
|
|
Real Estate Investment Workshop:
Tuesday March 13th
Real estate can be one of the safest investments around if you do it properly and are fully prepared.
I'm co-hosting a free information night with Sutton Partners real estate to answer questions, teach you how to identify investment opportunities and help develop an investor's mindset.
The workshop is being held on Tuesday March 13th and 358 Davenport Road at 7pm.
|
Contact Me
 
Michelle Brienza
email
website
Phone: (416) 410-5761
|
|
|
|
|
|
|
|
|
|
