If you’re wondering whether you should start making investments as a way of financial planning for your retirement, you might be considering your available options.

More people than ever before are keen to enjoy a FIRE (financial independence, retire early) lifestyle as they get older, with financial independence that allows them to retire early. With this in mind, looking for the best ways to accumulate money is imperative. However, before you start researching dividend growth rates or dividend reinvestment plans so you can live off your dividends in your retirement, it might be time to consider a different investment path.

Real estate can represent an investment option depending on your financial situation. Buying real estate potentially…

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At the start of the coronavirus pandemic, a lot of people thought that Canadian housing markets would suffer a steep crash, resulting in a considerable COVID-19 discount on real estate prices – particularly within the country’s urban centres. While there was a roughly six-week slump in some of the biggest real estate markets, many regions are already rebounding and reporting record activity in sales and prices. For now, the industry has defied the Canada Mortgage and Housing Corporation’s (CMHC) forecast of a large decline in prices.

Does this mean that homebuyers and real estate investors have missed an opportunity? Not quite.

Real estate agents have been making note of plenty of affordable housing markets from coast to coast, from cities to…

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Since 2016, the number of Canadians living alone has surpassed all other household sizes, accounting for 28% of the population at the time. Today, this number continues to grow as the average size of a Canadian household shrinks. For the first time, there are more one-person households than four-person households and thus, more single homebuyers than before. As the face of Canada changes, so does the face of the average homebuyer.

Although singles make up the more significant percentage of the home buying market, the financial burden of buying a home can be difficult to carry alone. Without a partner to split expenses, singles are foregoing another person’s income to help pay for the bills of owning a home. Especially when it comes to property…

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The vendor take back mortgage allows the seller of the home to lend money to the buyer for the purchase of their own property. The property has to be owned outright by the seller, meaning there can’t be a mortgage on the home at the time of selling.

Everything you need to know about Vendor Take Back Mortgage

  1. What is Vendor Take-Back Mortgage
  2. How is Vendor Take-Back Mortgage beneficial for buyer and seller?
  3. Why consider a Vendor Take-Back Mortgage
  4. Benefits of a Vendor Take-Back Mortgage
  5. Vendor Take-Back Mortgage seller considerations
  6. Vendor Take-Back Mortgage buyer considerations
  7. Advantages of Vendor Take-Back Mortgage to property investors

What is a Vendor Take Back Mortgage?

The vendor take back mortgage enables…

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