Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 13, 2020

Is The Condo Lifestyle Right For You?

It seems that every day a new condo is sprouting up in Toronto. And to top it all off, there is such a huge variety in condos out there! There are lofts, factory conversions, low-rises, high-rises, just to name a few. It may seem totally natural to wonder, with so many new condos being built, is it worth considering what the craze is all about and should I join in and switch to the condo lifestyle? In order to find out if the condo lifestyle is right for you, here are some important questions I think you should ask yourself.

How Important Is Convenience To You?

When you live in a house, you have ample space to entertain, work, and unwind. But if you need to get something dry-cleaned quickly, or want to work out, you’ll likely have to step out (even in the freezing temperatures of winter) to get these done. The condo lifestyle can offer you many important amenities such as party rooms, gyms, dry cleaners and so much more all within your building. The best part is that these shared spaces aren’t your responsibility to clean. You just pay a monthly maintenance fee and have all these wonderful amenities at your fingertips!

How Much Time Do You Spend Doing Household Chores?

Many of us lead extremely busy lives. Gone are the days of 9-5, and now a single text can have us working into the wee hours. And sometimes, because of work or life in general, there isn’t time to mow the lawn or shovel the driveway, even though we know it has to get done. If time is extremely important to you and you hope to do fewer chores, having a condo might be the right answer for you. And if you still love gardening and don’t want to give it up, you can plant your own little garden on your balcony, or find a condo that has a green roof with allotments for residents.

Have You Thought About Downsizing?

You might be a recent graduate who doesn’t need all the space of your parents’ house all by yourself. You might be a recent empty nester who no longer need the space of a four bedroom house. Or, you might be just someone who doesn’t want to vacuum two floors of home anymore. Whether Marie Kondo inspired you or not, downsizing can be a huge relief to your personal life. You don’t have to sacrifice quality of living by knocking off a few hundred square feet of space. Chances are, instead of having two spare bedrooms, you might just benefit from a stronger sense of community by moving somewhere more centrally-located in the city.

Do You Have A Strict Budget?

Nowadays, it can be very expensive to own a beautiful Edwardian or Victorian home in Toronto. If you are on a budget but determined to live in Toronto, a condo can have you right next to those gorgeous views and homes you are seeking, without the price tag. Alternatively, if you want to live a lavish lifestyle, there are condos that would blow some of the oldest homes in Toronto out of the water with their luxurious finishes, square footage and amenities. The condo lifestyle is not for just one type of person, it can fit any budget.

If you think that a condo could be right for you, or you have more questions about the ins and outs of condo lifestyle, please don’t be shy. Give me a message here and I’ll respond as quickly as possible to give you the guidance you need.

Posted in Condo
Feb. 13, 2020

Home Organization Tips

If your house is anything like mine, clutter magically grows. It doesn’t matter how hard you try to keep things neat, overnight the clutter monster visits and throws things everywhere. Sometimes it takes the shapes of my kids, sometimes my wife, and sometimes, even me! But I decided to actively prevent this as much as possible, and here are some amazing tips I came across that I hope will help you as much as they helped me.

Drawer Organizers

Usually every house has one in their kitchen, often in their cutlery drawer. But all to quickly a drawer can turn into a junk drawer. And then one day all your drawers are junk drawers and it doesn’t have to be! Invest in drawer organizers so you can keep all your pencils, pens, paper clips whatever you want in neat and organized spaced where they are no longer “out of sight, out of mind”.

File Folding

It can be very easy to forget you owned something when you fold your clothes and store them flat one on top of the other. But if you fold your clothes, towels, and bedding upright you can see everything you own in a single glance! Bonus points if you colour code them from light to dark.

Towel Racks

These are not just for the bathroom! If you hang one over your linen closet, or any closet door for that matter, you can add that extra bit of storage you didn’t think you had the room for. You know another great way to use a towel rack? In the kitchen! Somewhere along your gorgeous backsplash install a towel rod or bar. With the right hooks you can now hang your measuring spoons, spices (on a hanging spice shelf) or even your mugs.

One In One Out

This is an amazing rule that I recommend every parent teach their children. It can very easily feel like children have an infinite number of toys. Instead of just birthdays and Christmas, kids get presents and toys all the time, which can land in every corner of the house. Every. Single. Corner. So try this rule with your kids that will keep them more mindful of their belongings. For every new toy that comes into the house, one most go out to donation (or if it’s in really crummy shape, the garbage). This is also a great rule for clothing – and for adults too!

Hang Your Pots and Pans

Pots and pans are just plain clunky. They take up valuable space in your kitchen where instead you could be keeping your dry-store goods. But on the sides of backs of cabinets where you have space, consider hanging those big pots and pans! You can even create a cool pattern and add that to the design aesthetic of your home. Plus, it makes you look like a talented chef, and who doesn’t want to look like they know what they’re doing in the kitchen?

The greatest thing about home organization is that these are small little tips that can make such a huge difference to your home. You don’t always need to invest thousands of dollars to feel like you’ve gotten a huge uplift in your home. Try out some of these tips and let me know how they work for you!H

Posted in Tips
Feb. 13, 2020

Irrefutable Truths When Selling A House

While some things may be difficult to predict or control when selling a house (for example, your open house happens to be in the middle of a torrential downpour), there are some iron clad truths when it comes to selling a home. If you learn these truths and follow them when selling your next home, you will see what a huge difference it can make.

Clean Homes Sell

You may think “why should I de-clutter so much? They’re not buying my things, they’re buying my house!”. But a messy house or a house full of clutter does not provide a welcoming feeling. It will be incredibly hard for potential buyers to envision themselves in the home as they will always see it as belonging to someone else. Get your home in the best shape possible and you will see results.

Overpricing Your Home Will Only Make Your Neighbour Sell Their Home Faster

We all want to sell our homes for as much as possible. After you are shown comparables and have a good idea what your home should be priced for, stick with that price! If you tempt fate by asking it to be priced higher, even if for just for a few weeks, you can shoot yourself in the foot. A property is at its highest demand leading up to its listing on the MLS as well as its first week. Buyers will have as much knowledge as you do about the price of a home, so you will not be fooling anyone. You could end up leaving a sour impression to potential buyers with an unjustified price on your home.

Being A Homebody Won’t Sell Your Home

When your house is finally listed, plan your days so that you are out of it as much as possible. No one wants to be followed around during a viewing by the current owners. It makes them feel unwelcome and unable to fully envision the house as their own. Moreover, being out of the house gives you less of an opportunity to pile up those dishes or make a mess!

Fix What You Can Now To Get The Best Offer

It can be very tempting to see your leaky roof and leave it to be the next owner’s problem. If you do this, however, you can be missing out on financial gains. Your new roof could cost you approximately $6000 to fix, but a potential buyer is always going to overestimate the cost and factor it into their offer price, and you could be down $10 000 in your asking price – that’s a potential loss of $4000!

If You Dig Your Heels In You Will Lose

Everybody wants a deal. You as a seller will want to sell your property at the highest price possible, the potential buyer will want it for the lowest price possible. Without compromising, I can guarantee you your house will not sell. If you become fixed in your position that you want X price or Y conditions and nothing else, you could be sitting on a house for sale indefinitely until you find someone who can meet those strict restrictions.

If you are looking to sell your home in the spring (which is irrefutably the best time of the year to put your house up for sale!) send me a message! I would love to show you how to incorporate these irrefutable truths, and others, to make sure you get the best price for your home.

Posted in Selling A House
Feb. 13, 2020

How To Get A Head Start In Buying Your First Home

Spring is the busiest time of the year for the real estate market. Many people, after a long and cold winter, are excited for a change in their lives. But how should they go about preparing for buying their first home? Here are some important tips to consider so that you can get a head start in buying your first home.

Saving For Your Down Payment

In order to purchase a property in Canada you need to provide a portion of the property’s value immediately. This is known as a down payment. If the property you are purchasing is under $500 000, your down payment can be as low as 5% of the property’s value. If the property you are purchasing is between $500 000 and $1 000 000 the minimum down payment is 5% for the first $500 000 and 10% for the remaining portion. For a property with a purchase price of $1 000 000 or more, the minimum down payment is 20%.

Maximize Your Credit Score

In addition to saving for your down payment, it is important to ensure the rest of your finances are in order. That means, reducing your other debt loads as much as possible, ensuring your credit score is in excellent shape, pay your bills on time and don’t take out any new loans. You can speak to a financial advisor and request a credit report to ensure there are no discrepancies.

Use Online Mortgage Calculators

Whether it’s on your phone or on your computer, there are plenty of calculators and tools that can assist you to envision what your home ownership costs will look like. When plotting out the numbers, make sure the end debt load is not more than 40% of your gross monthly household income. Your mortgage principal and interest, taxes and heating (also known as PITH) should not exceed 32% of your gross monthly household income.

Get Pre-Approved

One of the best things you can do is go to your bank and get pre-approved for a mortgage. By getting pre-approved you appear more reliable to sellers, and will have a smoother working process with your real estate agent.

Do Your Homework

This homework, unlike schoolwork, cannot be done in one night. You really need to sit down and think what kind of house would you like to live in. Is it a town home, a condo, a detached home? Do you like homes with a certain style or character? Will you want a finished basement? A backyard? Are you okay with a fixer upper? Where would you like to live? How close to you want to be to parks, schools, shops and restaurants? These are all important questions you really need to sit down and plot out. Otherwise, you put yourself at risk of being overwhelmed when you start house hunting.

Most importantly, when looking to get a head start in buying a home, make sure it is on your own terms! Don’t let anyone pressure you into making a purchase you do not feel comfortable with. That is why it is essential to have a good support system. If you are buying as a couple, you can rely on one another. If you are buying alone, make sure you have a family member or friend you really value and trust to help you along with the process who is looking for your best interests. If you think you’re ready and want to start the process in buying a home, please send me a message! I’d love to help you find your first home and make it everything you hope for.

Feb. 13, 2020

Things You Need to Know Before Buying Your First Home

Buying your first home is a milestone to be celebrated. Yet, by the same token, it is very easy to get caught up in all the celebrating that you become blind to things that can really spook you. To prevent unexpected scares, I’m going to break down some things you need to know before buying your first home.

Shop Around for a Mortgage Lender

While it may seem natural to go to your bank and ask them what their rates are, make sure that this is not your first and final stop on your search for a mortgage lender. Instead, imagine shopping for a mortgage lender akin to speed dating. Come prepared with important questions and information, and be in and out, writing everything down in between so you can keep track of it all. Always be aware of fees that don’t make sense to you, and ask every question you can think of!

Plan for Transitional Costs

You may have a plan for life, but life may have an entirely different plan for you. When house hunting, especially for the first time, make sure you have money saved up for all sorts of things. You don’t want to be in a situation where your lease ends in 3 months but you still haven’t found the home you want to purchase. You’ll be stuck in short-term rent limbo which can become very costly very quickly. Plan to have some money in case this happens, but more importantly, plan also for hiccups like this.

Be Open to Change

You might walk in to the house hunting process with a fixed list of must-haves in mind. But you may find that when you actually start looking, these homes can be out of your budget, or not in the neighbourhood you really want. Many times, there will be sacrifice. Be open to re-prioritize your non-negotiables or come back when you have a budget that matches your needs better.

Negotiate!

I’m not just talking about negotiating the price of the property itself. I am reminding you that you can negotiate with the seller smaller things when you buy your first home. This could be window blinds, an extra garage door opener, maybe even a piece of furniture you really like that belonged to the previous owner. Anything can be negotiated!

Your Home Inspection Will Find Problems

This is just a universal fact – there is no perfect home. There will always be something wrong, so please expect the home inspector to find things. The home inspector might find things that require small fixes, things that need maintenance down the line, even possible deal breakers. If you do find something that requires substantial fixing make sure you get a couple professional estimates on how much this would cost. You can negotiate this price with the seller or walk out of a deal entirely. Chances are, the seller will want to work with you to sell the property.

My final piece of advice that I wish you knew before buying your home is that I am your biggest asset! I am not just here to unlock homes for you to view. I can answer almost every question you can think of. So don’t be afraid to ask me anything big, small, silly or serious. I’m here to make the house-hunting process as smooth as possible. If you have a question right now, don’t wait! Send it to me here.

 

Feb. 1, 2020

How Much Do You Know About Deposits?

First time home-buyers are some of my favourite people. They are excited to go to every viewing and cannot wait to find the home of their dreams. However, being the property virgins they are, they might not know much about deposits and how it relates to their house hunting process. I want to make sure that you are financially educated going into the home buying process, so here is my quick and easy break down of deposits – let’s see how much you already knew and what is new!

What is a Deposit?

A deposit serves two purposes. The first is that a deposit provides security to a seller, contractually speaking. By putting money into an agreement, the seller feels secure that if the buyer walks away they have something to lose. The second reason is that if there are any breaches in the contract on behalf of the buyer, the deposit essentially works as a pre-estimated amount of damages that can be awarded to the seller.

How Are Deposits Paid?

In the Province of Ontario, deposits are usually paid by money order or certified cheque.

How Much Should a Deposit Be?

You can read a hundred articles online and each one will tell you a different percentage that you should pay for your home’s deposit. Why, you may ask? Because there is no fixed amount of deposit required by law! The amount is usually negotiated between the buyer and the seller, and it is usually done so using local customs. In Toronto, the lowest generally accepted amount for a deposit is 5% of the asking price of the property. But here is one of my pro-tips: the higher the deposit, the more attractive the offer will be to the seller. There have been many instances where sellers will accept a lower price for a higher deposit.

When is a Deposit Due?

In a standard wording of an Agreement of Purchase and Sale (APS) (double check that yours is standard with a real estate lawyer – it might not be!) you have 24 hours to pay the deposit. Note that this does not mean one business day! So if you make an offer on a Saturday, the deposit is due on a Sunday. A deposit must be liquid for this very reason. To be the most attractive buyer, provide the certified deposit at the same time as an offer.

If a deposit is late, you will be in breach of the agreement and the seller has no obligation to keep the deal. Don’t take the risk!

Where is a Deposit Held?

Deposits are normally held by the listing brokerage in something called a trust account. Trust accounts are highly regulated and routinely audited temporary accounts that hold money until a transfer is complete. It does not go into the direct hands of the brokerage or the seller until it leaves the trust account.

Is My Deposit Insured?

Yes, deposits are insured up to $100 000. If you wish to put more than $100 000 deposit than you may be asked to provide two deposits to reduce risk.

What Happens to My Deposit at Closing?

Upon closing, the deposit is applied to the buyer’s closing costs and forms part of the purchase price at closing. That is to say, if a house is sold for $500 000 and you put down a $40 000 deposit, any additional down payment and the mortgage money from the lender (less the expenses and adjustments) would be given to the seller.

Deposits can get tricky, and by no means is the above an exhaustive definition of deposits! This information should not be taken as solid legal advice, so if you have any specific questions further to this introduction on deposits, please send me a message here and I can answer what I can or help you find the right real estate lawyer who can answer your question.

Posted in Tips
Jan. 6, 2020

How to be Mortgage Free When You Don’t Want to Move

Investment properties are incredibly hot right now – and for a reason! They are a great way to earn money without leaving the comfort of your own home. With the Toronto market so hot, and approximately 46% of all Torontonians renting, it is very easy to jump into the market (especially the condo market) and purchase a property that you can rent out for at least five years.

In order to understand how investment works, you need to not be afraid of negative numbers. Here is a great example. Imagine there is a condo you are interested in purchasing in downtown Toronto for approximately $375,000. The condo fees are $350 dollars a month, and taxes are $2400 per year. You have $75,000 available for a down payment. Therefore, your total carrying costs (from mortgage to condo fees and taxes) will be $1968 per month. You have found someone to rent your property for $1600 a month. It is easy to be disenchanted by the negative net cash flow of 368 dollars a month. I am here to explain that you should not feel this way.

Firstly, the above example is looking at net cash flow in a short-term way. If, over five years everything stays the same, your current mortgage balance will be $245,000 and your total equity build will be $54,953. This ends up being a total average net return of $470 per month! That’s a 28.2% return on your investment, with 5.1% compounded annually.

Secondly, this is assuming that the price of the condo you purchased did not inflate at all. Imagine if the same condo you purchased had a total of 1% appreciation in value over the end of five years. That would mean after five years your condo would be worth $395,000. But in Toronto condo prices have increased between 15-30% a year! Which is a phenomenal price increase that shows that not only can your monthly rent rate increase every year or so, but that should you choose to sell the property after five years, you can make a healthy profit.

The most important thing to remember about your return on investment when it comes to investment properties is the long game. There might be net negative numbers in the beginning, but with proper research, patience, and a solid down payment, you can be mortgage free without having to move.

I have a lot of experience helping my clients buy investment properties and have helped wherever I could through each step of the purchasing and selling phases. If you would like to know more about making smart financial choices and receiving a passive income, please don’t be shy and contact me here. Alternatively, you can call or text “Ready to invest!” to 416-807-8484.

Posted in Mortgage Tips
Dec. 10, 2019

How To Be Mortgage-Free: The Buy, Hold and Sell Strategy

Everyone wants to be mortgage-free, but not everyone has the time to flip a house and yield the results of return on investment from back breaking work. Instead, what if I told you there was a way you could be mortgage free without having to move out of your own home? Income properties are an excellent way to do that.

Some people might have concerns that monthly rent payments from a tenant might not cover mortgage payments, and so they cannot visualize investing in a property where they only see losses.

I am here to tell you that this is not the case, and that when it comes to income properties, you need to focus on the long game.

Let me break down some important costs to demonstrate to you, how having a condo income property in Toronto is a very financially sound investment.

Ensure that you have 30-35% of the value of the property you are looking to buy as a down payment. If you have less it is likely you will not cover the carrying costs.

Let us assume that you want to purchase a condo today that is valued at $375 000. You currently have $75 000 (20% of the total property value) as a down payment. Your condo fees are $350 a month, and your taxes are $2400 a year. Your total mortgage would be $300 000, your total monthly costs would be $1418, and your total monthly carrying costs would be $1968. You have found a tenant who will rent the property for $1600 a month. Which would therefore show you a negative net cash flow of $368 dollars. This is where most people get scared, as I have already mentioned. But I am here to reassure you that this is actually a good investment.

This is because you need to look at the long game. Five years from now, your mortgage balance will be $245 000. You will have built a total equity of $54 900, and you your average equity build per month will be $915.72. If we take our total monthly return and multiply it by 60 months (5 years) and divide it by our total investment (our initial down payment plus our monthly mortgage payments) we will have  28.2% total return over 5 years which would be compounded at 5.1% annually.

That 5.1% is the number that matters most when it comes to the long game! The more this number grows the bigger your return on investment will be!

I haven’t even touched the concept of home appreciation, which is another huge source of profit when it comes to income properties. If we purchase a condo for $500 000 and it appreciates by only 1% after 5 years that total value will be $525 000. With a total net return over 5 years, we will have a 53% profit!

That price already sounds good, doesn’t it? But what if I were to tell you that for the past five years, condo prices have increased annually by 15-30%? And that 46% of Torontonians rent! And that rental vacancies are less than 1%!

Rent prices are currently at an all-time high. This is one of the best times for people who are seeking an opportunity to pay down their mortgage without having to move. We are currently enjoying a crazy Toronto condo market and I would love to teach you more on how to be mortgage free using this buy, hold, and sell strategy.

If you would like to learn more, please feel free to either watch my above YouTube video or contact me here.

Posted in Mortgage Tips
Nov. 14, 2019

How To Plan For A Fixer Upper

Sometimes, you can’t find the house of your dreams. Sometimes, you just have to create it. Not all of us have the budget to build a house from scratch, but it is possible to find a house that needs a little TLC that you can easily convert into whatever your heart desires. The thought of buying a fixer upper can be daunting – how much work is really involved? How do you budget for costs? Which room do you start with? Take a deep breath, I’m going to set you on the right path by giving you some important questions you will need to write down answers for.

What Do You Want and What Do You Need?

With a fixed budget in mind (I can’t stress this enough, life is not like a TV show where you can go over budget and not be in debt), focus first on the functionality of the house. Is your roof leaking? Do you need a new fridge? Start with the essential things that make your house work. Once you have budgeted for that you can focus on beautifying projects. When trying to decide which cosmetic project to work on first, focus on ones that will reap benefits in the long run and will provide a solid return on your investment should you ever choose to sell your home. These projects usually include the bathroom and the kitchen. But just because you are working in these rooms does not mean you need to have the most luxurious and expensive appliance upgrades or furniture! Rome wasn’t built in a day. You can save up over time for big-ticket items while still beautifully renovating your space.

What Is the Condition of the Items You are Purchasing?

A great way to save money is to do your homework. Oftentimes, people feel the only way to renovate their home properly is to buy something new. But actually, you can buy some outstanding quality pieces that are used! Vintage chairs and sofas can easily be reupholstered. Tables and other wooden furniture can be refinished or painted. You can significantly cut your budget by remembering that your guests will only know something you purchased is brand new if you tell them.

Do You Use Gift Cards?

Staying on a fixed budget is very tough, I understand that. Yes, you may have a specific budget in mind but when you’re in the store you may not have the exact cash so you will be tempted to use your card. And just like that, you can teeter over without realizing it. If you buy a gift card for yourself from the store you know you will make a purchase from, you can be sterner with yourself. You only have what’s on the gift card, and if you go over, instead of paying with whatever else is in your wallet, you’re forced to put back and item or two that was on the conveyor belt at the cash register.

Have You Consulted a Professional?

Many people think they can only afford to consult a professional when they have a huge budget. But actually, one of the best ways to spend your money is to consult one! They will be able to tell you things about your city’s code that you might not know is critical when renovating your home. They can also point out hidden elements that can wreak havoc on projects as well as tricks on how to boost the value of your home without going broke. Find a professional that has an hourly rate rather than a fixed fee and discuss the possibilities of your home.

I know all about fixer uppers and how easily they can turn into nightmares. But if you go in with a firm but passionate mindset, I know you’ll be able to achieve your goals. If you’d like to know more about buying a fixer upper and renovating it to a high standard, don’t be shy! Shoot me a message and let me show you how capable you are.

Posted in Tips
Oct. 16, 2019

Retirement Planning

Are you ready for retirement? Some people may think they are working towards it, but are unsure if they’re doing the most that they can to retire comfortably. Here is a simple guide to start your path to create a solid plan to relax and unwind from the perpetual daily grind.

Do You Know Your Retirement Income?

This may be a dreaded question for some, but it should be the first and most important question to ask when beginning to plan for your retirement. By using the Canadian Retirement Income Calculator made by the Government of Canada, you can figure out how much you need to retire, what the impact of inflation will look like  on your retirement income and much, much more.

If you are interested to learn about public pensions, OAS, CPP, RRSPs, employer pensions and other sources of personal savings, visit the federal government’s page on source of retirement income.

It’s important to note that planning your retirement income in advance is not the same as planning a finite amount of income in your future. There are many who are considering working during their retirement. If you are interested in working casually, part-time or even bursts of full-time in your retirement, check out this page that explains how working during your retirement will impact your CPP, OAS or other pension income.

Is It Worth Selling Your Family Home?

There are a lot of things to consider when it comes to selling your family home. One popular reason that people do this during retirement is that they are hoping to gain more tangible assets by downsizing. To see if downsizing is right for you, try using this excellent worksheet which illustrates the financial impact of downsizing. If you are specifically looking to downsize to a condo, try using this worksheet to see if moving into a condo will actually lower your monthly costs.

There are many kinds of housing options upon retiring, and the federal government has a handy link regarding housing costs and housing options for seniors.

How Much Will Your Retirement Investments Grow?

If you have made financial investments in preparation for retirement and you would like to get an approximate idea of what the return expectations could look like on your investments, try this worksheet by The Globe and Mail.

Who Do I Go to For Advice?

Finding someone you can trust with your financial future is extremely important. My suggestion to you is to not go down the road of finding someone who will directly try to sell you investments. Instead, find a financial planner who charges an hourly or flat rate. Their job is solely to give you the best financial advice possible without making a commission, which means they can be trusted more than someone who is directly selling investments to you. Trying to find a financial planner like this isn’t as easy as you might think because a directory of them hasn’t been made yet. However, try using this 2012 listing from MoneySense magazine to give you a healthy head start.

Fee-only financial planners aren’t for everyone! If you are interested in saving every penny earned there are plenty of online advisers who provide automated management of exchange-traded funds and low-cost portfolios. By running your own portfolio through an online broker you can focus mainly on the growth of your investment without worrying about extra fees. However, with taking this route you will need a bit of research and patience to make sure you are always getting the best bang for your buck.

What Kind of Investments Should I Make?

Just as it is important to do your homework when running your own online portfolio, so too it should be with any investment you do – including those made by a paid financial advisor. Invest in things you know and understand. This may take some time as there are many investment options that may be of specific interest to baby boomers. These investments could be bonds, preferred shares, dividend stocks and ETFs. Such investments are often low-risk and tax-efficient, but this can only be verified with research and understanding how these investments would work for you and your financial goals.

Another investment that can be made is in real estate. With the proper research, you can invest in an income property that can yield steady and likely increasing income so that you will feel comfortable when it comes to your retirement age. If you are considering in investing in real estate as way to prepare for retirement, I would love to talk to you and iron out any questions or concerns you may have. Feel free to contact me here.

Retirement planning doesn’t have to be daunting! With a few deep breaths and the right advice you’ll be able to achieve the retirement you deserve.

Posted in Tips