First Time Homebuyer Closing Costs

September 24, 2017 Jelani Smith 2

Recently, I bought my first home at the age of 22 – as promised, here’s my subsequent post in regards to the closing day. Fortunately, it went smooth, although I did get caught off guard with the closing costs. Closing Costs These are additional costs related to closing your property (buying or selling). Closing costs can include, but not limited […]

The Easiest Way to Get Started on Investing

September 14, 2017 Jelani Smith 0

Successful investing involves creating an auto system – once you get started, it becomes much easier to manage. Getting started is the hard part… 80% of millennials are not invested in the stock markets. More than 40% believe they don’t have enough money, and 34% said they don’t know how to get started (CNBC). Getting started shouldn’t be as hard […]

5 Major Housing Types: What You Need to Know

September 7, 2017 Jelani Smith 0

During the homebuying process, questions such as “what’s the difference between condo and freehold townhomes” are extremely common, especially among first time homebuyers. This post will share the 5 major housing types (in order from most expensive to least expensive), and should serve as a useful guide for your home buying process: Detached Homes Detached homes are typically include more […]

Million Dollar Property: Toronto vs. Florida

August 27, 2017 Jelani Smith 0

Toronto’s real estate market is the second most expensive in Canada, after Vancouver. As of July 2017, year over year prices rose 5% to $746,218, amid a 40.4% decline in sales (TREB). What can one million dollars get you within the Toronto area? It really depends on the most important factor: location. In Toronto East, a million dollar budget would […]

Toronto Stock Exchange: Canada’s Next 150

August 9, 2017 Jelani Smith 0

Celebrating Canada’s 150th year, the Toronto Stock Exchange (TMX Group) launched a unique marketing campaign – showcasing the new generation of talented, dynamic and ambitious Canadians. Canada’s Next 150 aims to shine a spotlight on entrepreneurs, from high school students to entrepreneurs in their early 40s. These entrepreneurs are the future leaders of tomorrow, within Canada and globally. The nominees […]

Is the Toronto Real Estate Market Really Crashing?

July 27, 2017 Jelani Smith 0

Toronto’s Real Estate market conditions changed drastically after the implementation of new government policies, back in April 2017. Kathleen Wynne’s main objective was to cool the Toronto-area real estate market with the Ontario Fair Housing Plan. It appears that Wynne has met her goal of ‘cooling’ the market. As indicated in the latest TREB Market Watch, sales declined 37.3% YoY […]

Robo-Advisors: Investing Shortcut for Millennials

June 24, 2017 Jelani Smith 1

One of the most common personal finance related questions I get is “how do I start investing?” When you think of investing, you may think of stock trading, equity research, and portfolio monitoring. It can be time consuming, especially when you have a full time job and/or studying in school. The solution to this is robo advisors – my favourite […]

Toronto Real Estate: Will Prices Drop Further?

June 18, 2017 Jelani Smith 0

Since the implementation of the Ontario Fair Housing Plan, Toronto real estate shifted, with year over year listings spiking 48.9% in May 2017. Home sales declined 20.3% and the Canadian Real Estate Association (CREA) to cut their forecast for Ontario. The average price dropped 6.1% from April to May, mostly a result of many buyers staying on the sidelines to […]

7 Things Millennials Should Know About Real Estate

June 7, 2017 Jelani Smith 0

On May 23rd, Jessica Moorehouse hosted the second bi-annual Millennial Money Meetup, an event where millennials have the opportunity to learn from panelists in respect to a specific personal finance topic. For the second Millennial Money Meetup – the panel discussion was in regards to real estate (specifically within the Toronto area). The Panelists There were four panelists (including myself) […]

First Time Home Buyer at the Age of 22: How I Did It

May 23, 2017 Jelani Smith 9

During August 2015, I was driving through West Hill, a community in Toronto’s east end. I came across the former Toronto District School Board (TDSB) site of Heron Park Jr. Public School – which had been closed down and went up for sale. Amid Toronto’s rising real estate prices, TDSB has sold some of their properties, turning schools into residential […]