Ontario’s Fair Housing Plan: 16 New Measures

April 20, 2017 Jelani Smith 0

In response to the hot Toronto real estate market, Ontario government introduced 16 new measures within the Fair Housing Plan. These new measures are expected to address the issue of demand, and supply for real estate markets within the Greater Golden Horseshoe (GGH). Record breaking prices had government officials and economists concerned about the sustainability of the housing markets. The […]

Hot Toronto Real Estate Market: What Will the Governments Do?

April 19, 2017 Jelani Smith 0

As Toronto-area home prices continue to hit fresh records, governments are under pressure to look into measures in order to cool the housing markets. Three levels of government, Mayor John Tory, Ontario Finance Minister, Charles Sousa, and Federal Finance Minister, Bill Morneau agreed to not introduce any measures that would increase demand for Toronto Real Estate. As of March 2017, […]

CRA Direct Deposit: Simplifying Your Tax Returns

April 10, 2017 Jelani Smith 0

Over the past few years, the Canadian Federal government have been encouraging taxpayers to receive government related payments through direct deposits. Government related payments includes tax refunds and GST/HST credits from the Canada Revenue Agency (CRA). Approximately 80% of government related payments are issued by direct deposits. If you haven’t opted to receive your government payments through direct deposit, I […]

15 Ways to Save for a House Downpayment

April 5, 2017 Jelani Smith 0

Heated real estate markets are showing no signs of cooling down – with growing demand, derived from strong job markets, immigration, all time low interest rates, and low supply. In some regions, such as Toronto and Vancouver, house prices have been facing double digit, year over year growth. Despite the circumstances, 82% of non-homeowner Canadian millennials have the intention of […]

Real Estate Strategy: Income Properties

March 13, 2017 Jelani Smith 0

With the right strategy executed, real estate income properties yields to sufficient cash flows, and capital appreciation over a period of time. Especially in a ‘landlord’s market,’ such as Toronto, income properties is one strategy to receive a fixed monthly income from an investment. The vacancy rate for Toronto was 1.6% in 2016 (the Globe and Mail), making it a […]

Toronto Real Estate: Asking Price vs. Selling Price

February 15, 2017 Jelani Smith 0

2017 is off to a strong start for the Toronto Real Estate market, with average prices rising 22.3% year over year, according to a recent Toronto Real Estate Board report. The average home in Toronto costs $770,745. In such a heated market, bidding wars are becoming more common. Over the past year, sales have increased 11.8%, while new listings and […]

How to Improve Your Credit Score

February 3, 2017 Jelani Smith 0

Photo by CafeCredit under CC 2.0 Credit scores play a huge role in your personal finances. Having a good credit score can help you qualify for a mortgage, car loans, credit cards, and for certain jobs (yes, many corporations do check your credit scores during the application process). According to a 2012 study from SHRM, 47% of US companies conduct credit […]

Forex Trading Basics

January 20, 2017 Jelani Smith 1

Forex Trading is a market that exceeds $5 trillion a day in volume, making it the largest market in the world. Forex is short for ‘foreign exchange’ – this market is open 24/7 – with multiple participants at various locations throughout the world. Currencies play a huge role in the local and international economy. Currency exchange plays a huge role […]

The 5 Important RRSP Rules

January 1, 2017 Jelani Smith 0

  January to the end of February is known as the ‘RRSP’ season. There is always a huge rush to make RRSP (Registered Retirement Savings Plan) contributions, especially on the last day. In 2013 alone, Canadians contributed 37.4 billion to their RRSP, according to Statistics Canada (CBC). Regardless of what time of the year it is, you should always keep […]

Commercial Real Estate Giant, SmartREIT Enters Residential Market

December 22, 2016 Jelani Smith 0

Canadian Real Estate was certainly one of the hottest topics in 2016, especially the Toronto and Vancouver area homes – home to hyper accelerating detached home prices. In August, British Columbia introduced a 15% tax for foreign buyers – drying up the demand for Vancouver real estate, leading to a 20% decline in November home sales, year over year. In […]