Toronto's Tight Rental Market - How to Pay off Debt Faster

Can You Profit From Toronto's Crowded Rental Market?	September 2012

Labour Day has come and gone and we're all back at work and school. One thing that hasn't changed, though, is interest rates. Carney is holding the interest rate at 1% and Macleans predicts it will be at least 2013 before the rate goes up.

With interest rates remaining low and Toronto's vacancy rate also very low, this may be a good time to consider a rental property. Scroll down for the reality of Toronto's rental market.

You'll also find an article with tips on paying down your debt, which renovations will give you the best return on your investment and why it may be worth just paying those pesky parking tickets.

Please click h ere for my latest mortgage rates!

Michelle

Michelle Brienza, AMP (Lic # M0806298) Senior Mortgage Agent Lending Logic Financial Inc.(Broker # 11782) Direct: (416) 410-5761 Fax: (416) 410-5761
www.michellemortgages.ca
michelle@michellemortgages.ca

Not all renos boost ROI

When you're getting ready to sell your home, it's tempting to make some renovations so your home is more attractive to buyers. But beware: not all renovations will pay off.

Click here to read the latest from Mike Holmes and his advice when you're considering upgrades to your home.

Fighting parking tickets the road to frustration

The Financial Post recently published a column by Garry Marr about the aggravation of parking tickets - especially when the officer was in the wrong. Although it may cost you more to fight that parking ticket than just pay it, it's the principle!

Click here for the column

Contact Me

Michelle Brienza
email
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Phone: (416) 410-5761

Pay Off Small Balances First for Better Odds of Eliminating All Your Debt

Conventional wisdom suggests paying off the credit card with the highest interest rate, but psychology plays a lot more into debt repayment than logic.

I like this article from Lifehacker that recommends paying off the card with the lowest balance first. The sense of satisfaction can help motivate you to continue paying off your debts.

Click here for the full article

Is there any relief ahead for Toronto's crowded rental market?

I've long been advising people to consider income properties as investments, especially with interest rates as low as they are, not to mention Toronto's low vacancy rates.

According to this article from openfile, despite the amount of condos being built, there are still 5000 units short for people looking to rent. If you're on the fence about buying a condo or home to rent out, this article may change your mind.

Click here for the full article