PLANULIFE

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STORIES AND IDEAS FROM PLANULIFE

Are we seeing the return of the Buyers’ Market in the GTA?

Until February 2022, house prices were growing significantly across the GTA. As a result of the Bank of Canada increasing the interest rate, the prices started to plateau, and now decrease. The average price for a house in the GTA in May 2022 was $1,212,806, actually cheaper than in January’s $1,242,793. Crunching the numbers further, […]

Finance

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Finance

Residential Mortgage Industry Quarterly Report

CMHC just released its quarterly dashboard for the Residential Mortgage Industry Quarterly Report. This report helps fill housing market data gaps by providing the latest trends and data in the mortgage industry. Key highlights from the winter 2022 dashboard include: More Canadians have taken on new mortgages (both for property purchases and refinancing) which led […]

Finance

The 5 Biggest Mistakes People Make When Refinancing Their Mortgage.

Many people are taking advantage of the current low mortgage rates and are able to save quite a bit of money. However, for some, refinancing can cause complications as it might not be the right choice for the individuals’ specific situation. ⠀ ⠀ Here are 5 mistakes to avoid to ensure refinancing is right for […]

Finance

How to Financially Plan and Budget for Home Renovations

If you want to sell your house, or just want to give it an updated touch, renovations are necessary. Renovations update the house and give it a higher price in the market. It’s the perfect prep for selling a house. However, renovations cost a lot on their own. Here’s how you can financially plan and […]

Investment

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Investment

Planulife’s Community Redevelopment Fund vs Other Investments

The Planulife Community Redevelopment Fund (“Redevelopment Fund”) was created to provide our members with high yield income fund returns with minimal risk. With mortgage security across a pool of community redevelopment sites, the returns are both reliable and understandable for most people, especially those that have made mortgage payments before. The Redevelopment Fund was designed […]

Investment

Why Invest in Durham?

SUMMARY The Durham Region was ranked #1 for population growth, with continued growth forecast. Durham has the highest growth in Home sale prices in the GTA. Metrolink will be expanding it’s GO Transit network by adding 4 new stations in the region. The region has the most decorated GM plant in all of North America, […]

Investment

RRSP vs TFSA- Understanding the difference

One of the most common questions when it comes to saving long term is whether to invest in a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA). Both will help you save, and save on taxes, but each works in different ways. Understanding the difference between the two will help you know […]

Investment

What Is Your Real Estate Financial Plan?

Thinking of buying your first home? Thinking of upsizing your home? Thinking of downsizing? Thinking of investing? A home is where we spend most of our time. For most people, their home is their most valuable asset. Your Real Estate financial plan should focus on what matters most: Real Estate. We will discuss the […]

Investment

A classic clash of the classes — “proletariat vs bourgeoisie” — is at the heart of the GameStop saga.

Robinhood, an online brokerage app named after a folk hero who steals from the rich to give to the poor and whose mission is to “democratize finance for all,” barred the purchase of old-school video game store, GameStop amid a coordinated effort from redditors to drive up the stock prices of certain companies such as […]

Investment

Investment Types

Investment is the allocation of money and assets acquired for future income and with the hope that it will provide some benefit in the future. You have a lot of options for where to invest your money as an investor. However, it is essential to invest them carefully. Investments are for the most part bucketed […]

Real Estate

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Real Estate

Are we seeing the return of the Buyers’ Market in the GTA?

Real Estate

The new first home savings account explained

Background The national average home price reached a record high of $816,720 in February 2022, up by over 20% compared to last year, based on information provided by the Canadian Real Estate Association. Now, the Canadian government is introducing new policies and measures that assist Canadians who feel locked out of the market amidst record-high […]

Real Estate

How would a 24% drop in real estate prices impact you?

Our 2022 predictions Back in January 2022, our team published an article titled, “Predictions for Canadian Real Estate in 2022!”. In this article, we went into depth into the market trends and made bold predictions based on our A.I. powered research. We predicted that the market would stabilize in the near future and when that […]

Real Estate

How does the Bank of Canada interest rate hike impact you?

The Bank of Canada hiked its interest rate for the first time since 2018. With a couple of more hikes looming this year, there is a direct impact to all Canadians. But, how does the increase impact you? Background In anticipation of an interest rate hike, banks and credit unions steadily increased their fixed rates […]

Real Estate

Toronto vs. Vancouver: Toronto Takes the Crown

Residents love to see their home city breaking national records, but the people of Toronto may be more upset than happy about Toronto’s latest record. Toronto recently made headlines for its real estate market trends in February 2022. As of early February, Toronto has overtaken Vancouver as Canada’s most expensive real estate market! When it […]

Real Estate

Predictions for Canadian Real Estate In 2022!

We are witnessing one of the most unpredictable markets in the history of Canadian Real Estate. Given the importance to us all, we took the liberty in putting together our predictions to help us all safeguard what matters most. But first, let’s take a look at how we got here. Since 2010, the year […]

Real Estate

Winter vs. Spring in the GTA Housing Market

In Real Estate, timing is key. You may have the perfect house to sell, in a desirable location, but if you sell it at the wrong time, you may end up receiving tens or even hundreds of thousands of dollars less than you should. Traditionally, Spring has always been the best time to sell, with […]

Real Estate

The Canadian Real Estate Bubble Is At Risk Of Deflation

PLANULIFE REALTY ANALYSIS The Canadian housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets at the most risk according to the Canadian Mortgage and Housing Corporation (CMHC). Home sales reached historic highs in 2021, but there was low evidence of excess […]

Real Estate

Housing after you separate or divorce

We never really plan for this to happen, but when it does it can feel like there’s so much to look after – including your mortgage. We can help with this, and take a load off your mind. ⠀ Often when couples purchase a home together, they qualify based on dual income. When separating, they […]

Real Estate

TIPS FOR BUYING IN THE SPRING MARKET

Choose your agents well Commitment is not a bad thing in Real Estate and Mortgages. Make sure you create a strong relationship with both your Mortgage professional and Real Estate Agent upfront. No one succeeds when you have multiple agents hounding you with listings and rates. It just creates confusion. Most great agents will not […]