If you’ve owned your home for even a few years, chances are you’re sitting on one of the most powerful tools to build wealth for yourself and your family: home equity. With the market evolving and the cost of living continuing to rise, now may be the ideal time to put that equity to work by investing in an income-generating property. What Is Home Equity? Home equity is the difference between your home's current market value and the balance remaining on your mortgage. If... [read more]

The 5 Best Home Renovations That Will Bring You the Highest ROI Like most homeowners, you want to get the highest return on your investment when you decide to sell. While this will ultimately come down to a number of factors—location, proximity to public transport, market conditions—you can control how well your home shows, both inside and out. Doing some renovations can greatly increase your home’s value, especially if they haven’t been done... [read more]

Start Saving Canadians spend an average of 20 years in retirement. If you’re not saving, it’s time to start.   Estimate Your Retirement Needs Experts estimate that you will need about 70% of your preretirement income – for lower income earners, the figure is 90% or more – just to maintain your current standard of living when you stop working.   Participate in a Workplace Retirement Savings Plan If your employer... [read more]

  Canada’s Zoomers are in line to inherit a vast cumulative fortune in their retirement years. Here are a few helpful guidelines with spending and investing your inheritance.   Start with your children’s education Helping your children pursue post-secondary education is a costly proposition. Use the first big chunk of your inheritance here because it will help set them up for success, as well as provide you with a guaranteed 20% return. That is the... [read more]

                                                  RE/MAX Hot Pocket Communities Report reveals double-digit detached price increases in 55% of Greater Toronto Real Estate Markets Spring supply crunch drives strong price appreciation for single-detached homes across the board in the first half of 2020  Detached housing values have shown remarkable... [read more]