Canadians often complain mortgage interest isn’t tax deductible, like in the US. Some argue this is a trade off for the capital gains exemption Canadian homeowners have. However, one of the worst kept secrets in finance is mortgage interest can be turned into a deduction. One of those strategies is the Smith Maneuver, created by […]
Canadian financial institutions increasingly see the financial system as risk-free. That might be a risk itself. The Bank of Canada (BoC) completed its biannual Financial System Survey (FSS) this week. It found institutions are buying “riskier” assets to make up for low interest rates. Risk managers see the risk as low, believing the financial system […]
Are Canadian investors beginning to think real estate returns are a little stretched? Statistics Canada (Stat Can) data on net investment in foreign securities shows big growth for September. Investors have accelerated sending funds out of the country — primarily into US investments. At the same time dollar volumes for Canadian real estate investment have […]
We compare the Toronto real estate market to the TSX Composite and NASDAQ composite to see how you would do if your home was an investment.