Collapsing our RRSP & Investing in Real Estate

General Carola Singer 26 Jan

Collapsing Our RRSP & Investing In Vancouver Real Estate – Annual Update by Dustin Woodhouse

Collapsing Our RRSP & Investing In Vancouver Real Estate – Annual UpdateEach year I update the data in this post, the rents increase, the asset value changes, and so the rate of return changes. I look forward to writing twenty more years of updates on this specific property.

In the spring of 2012, after a 15-year roller-coaster ride on the stock market (huge gains and sharp drops) with a net gain of less than 2% on the total contributions made, it was decision time. My wife and I took a hard look at our RRSP investment ‘strategy’, such as it was. Our conversations about investing always came back to the one area in which we always had great success: Vancouver real estate.

 

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About First Time Home Buyers Credit

General Carola Singer 5 Jan

 
Do You Know About the First Time Home Buyers Tax Credit?

Do You Know About the First Time Home Buyers Tax Credit?Buying your first home is often the largest financial commitment you will have made and just coming up with the down payment is a difficult task for many! Then there are the legal fees, property transfer fees, disbursements and all those other costs that can really add up, creating a huge dent in your finances!Buying your first home is often the largest financial commitment you will have made and just coming up with the down payment is a difficult task for many! Then there are the legal fees, property transfer fees, disbursements and all those other costs that can really add up, creating a huge dent in your finances!

To help offset these costs for first time home buyers, the Federal Government created the First Time Home Buyers Tax Credit (HBTC) to assist home buyers with the costs associated with purchasing their home.

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