Blog by DOINA BIOLAN B.Comm

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IS CANADA HEADED FOR ANOTHER RECESSION?

February 6th, 2015
  Is Canada Headed For Another Recession? Eight Troubling Signs   A string of dire economic news since the beginning of 2015 has many observers worried about whether Canada could be on the brink of another downturn, but economists say it’s too soon to mention the “R-word.” One month in, layoffs seem to be the dominant theme — the second-largest in Canadian history at Target and many more ...
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Posted in General

Mortgages for "no income" individuals

February 5th, 2015
Do you gave a strong net worth that doesn't  meet traditional GDS and TDS guidelines,and  not much income to qualify for a mortgage? Then take a look at our exciting new product that still allows you to buy a house!!!! This innovative alternative allows you to qualify for up to 65% Loan to Value  based on the maximum property value. It’s the perfect product for business-for-self, sala ...
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Posted in Mortgages

WHAT IS A TFSA?

February 4th, 2015
Tax-free savings account( or , as I call it, the smart investment account) With a tax-free savings account (TFSA) the options are endless. In 2009, the Canadian Government introduced the opportunity to save more and faster regardless of what your needs may be. Whether saving for a house, car, further education, a vacation or additional retirement savings, one account allows your individual g ...
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Posted in Investments

LOW INTEREST RATES IMPACT ON TORONTO REAL ESTATE

February 4th, 2015
Low rates seen fuelling Toronto’s surging housing market as Alberta markets stal The average price of a home sold in Toronto in January climbed 4.9% to $552,575, according to the Toronto Real Estate Board which predicts more increases in 2015 amid near record-low interest rates   Sales in Canada’s largest city also remained strong and climbed 6.1% last month from a year earlier. With the ...
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Posted in Real estate

ARE YOU SAVING ENOUGH FOR RETIREMENT?

February 2nd, 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

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

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