Blog by DOINA BIOLAN B.Comm

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WHAT IS AN RRSP?

January 31st, 2015
THE RRSP – Plan your future ...and benefit today ! What is an RRSP? An RRSP ( Registered Retirement savings Plan) is a plan in which you register investments in order to save money for your retirement. The plan is registered with the Canada Revenue Agency(CRA). An RRSP defers income tax. You do not pay taxes on the income that accumulates in the plan, as long as it remains in the plan. How ...
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Posted in Investments

HOW LOW INTEREST RATE HAVE CHANGED RETIREMENT PLANNING

January 31st, 2015
How low interest rates have changed retirement planning   Since the financial crisis hit in 2008, it’s been great to be a borrower but lousy being a cautious saver. Central banks’ zero interest rate policies have resulted in “real” (net of inflation) returns of zero or even less-than-zero after income tax, except for outliers like Russia. In December, Switzerland even began charging savers f ...
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Posted in Investments

116 BERKLEY Way NW, Calgary, Alberta

January 30th, 2015
I just finished uploading this Duplex for sale, 116 BERKLEY Way NW, Calgary, AlbertaCome see this 1182 st ft well maintained home in Beddington! The tiled entrance takes you to a large living room, with a bay window, wood burning fireplace and brand new laminate floors. Spacious and sunny kitchen and breakfast noon are overlooking the fenced backyard. New tiles on the stairs and lower bathroo ...
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Posted in Listings

HOW WELL ARE YOUR INVESTMENTS DOING?

January 30th, 2015
ARE YOU GETTING THE MOST OF YOUR SAVING PLANS ? HOW WELL ARE YOUR RRSP, TFSA, RESP'S OR NON-REGISTERED INVESTMENTS DOING? Under the Roman Empire, pensions were simple: after 20 years of service, legionnaires (who managed to survive!) were entitled to a lump sum and a plot of land. Nowadays, retirement planning isn’t quite so straightforward. You have lots of options to choose from… but you ...
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Posted in Investments

PRIME RATE DECREASES TO 2.85%

January 28th, 2015
PRIME RATE HAS DECREASED TO 2.85% ! With the new of Bank of Canada rate going down, the banks are now decreasing their Prime Rate  to 2.85% . Though some of us may be happy about it , I have to remind everyone, once again, that, when that happens, is a sign that inflation is raising . Advice to all my clients that have variable rates : your mortgage payment will decrease once your bank w ...
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Posted in Mortgages

"Next parental responsability"

January 24th, 2015
Is helping children buy their first home becoming ‘the next parental responsibility’? It’s the type of family support that some people will be proud to give and others will be jealous they never got, but a new survey shows first-time home buyers are getting on average more than $10,000 from family members. Why the price of your home may not be climbing as much as you think The average ...
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Posted in General

Condo stats

January 21st, 2015
Condos make up more than half of housing starts in Canada’s biggest cities: CMHC OTTAWA — Condominiums accounted for more than one-third of all Canadian housing starts last year, and more than half of the total in several of the country’s biggest cities, the Canada Mortgage and Housing Corp. says. The federal agency says condominium apartment starts represented less than one in five Canadian ...
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Posted in Real estate

Planned High Rise is East Side, Calgary

January 21st, 2015
  Planned highrise will bring 221 rental units to East Village   A 28-storey, 221-unit residential rental highrise is being planned for Calgary’s East Village — part of new development plans announced Tuesday by Calgary Municipal Land Corporation, which oversees the neighbourhood project. CMLC said it has sold a piece of land at the southeast corner of 7th Avenue and 5th Street S.E. to Cide ...
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Posted in Real estate

Canadian oil prices impact on our economy

January 19th, 2015
With all the bad news on the radio about the economy and the effect of low oil prices I wanted to share a opinion written by Benjamin Tal.  http://research.cibcwm.com/interdept/download/wmi-0116.pdf I think this is a very good representation of what is happening... don't panic! Thank You,
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Posted in Investments

ARE YOU SAVING ENOUGH FOR RETIREMENT?

January 17th, 2015
Are you saving enough for RETIREMENT? If it is much easier to save before you have major financial commitments, why do so many young Canadians have difficulty setting aside money for the long-term future? HIGH TEMPTATIONS- People are far too impulsive! The lost opportunity of savings is greatest for young Canadians, money set aside at an early age has longer to grow. A comfortable retireme ...
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Posted in Investments

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