Owning a 4-plex Can Be a Pain

Owning a rental property is one of the most popular ways to generate passive income, but it’s not always easy. We purchased a 4-plex through a short sale process in October 2011 and my rental income projection was quite wrong. I finally finished our 2012 tax return and I can share the details from the […]

Featured Personal Finance

Retire Early Plan Has High Risk of Failure

Ming and Li are exceptional savers. They have already paid for their $300,000 home in southwestern Ontario and saved nearly $330,000, without any help from parents since they graduated. They have built a solid financial base for themselves and their two young children. Now the 37-year-old software developer and 34-year-old consumer research analyst wonder whether […]

Featured Investing

Home Sales Rise

Canadian home sales climbed in February after a soft January and price gains picked up speed, confirming the country’s housing market remains buoyant and a potential concern for bubble-wary policymakers. February existing home sales in Canada grew by 1.4% from a month earlier, Canadian Real Estate Association data showed on Thursday. Sales had fallen 4.5% […]

Personal Finance

Family Debt-to-Income Ratio Hits Record

The average family debt-to-income ratio in Canada has now hit a record 150 per cent, the Vanier Institute of the Family said Thursday. That means for every $1,000 in after-tax income, Canadian families owe $1,500, the institute said, while releasing its 12th annual assessment of Canadian family finances. It found the average family borrowing — […]