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Blog by Linda M Linfoot

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Make Sure Renovating your Home is for the Right Reasons

June 10th, 2011
Thinking of renovating? Make sure it’s for the right reasons. Canadians still seem to have the reno bug – if a recent homeowners study is accurate. According to the report, Canadians are planning on spending $46 billion on home renovations in 2011 – up from $45.3 billion in 2010. If you’re thinking ...
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Young Adults Wait to Purchase

April 8th, 2011
More than half of young adults waiting till next year to buy home: RBC survey By Sunny Freeman, The Canadian Press TORONTO - As rising home prices continue to outpace income growth, many young Canadians have decided to delay home ownership for another year, according to a poll released Thursday by Royal Bank of Canada. RBC's annual home ownership poll found that 55 per cent of responde ...
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Reno Coach keeps Projects in the Ballpark

March 8th, 2011
Reno coach keeps projects in the ballpark Planning her first major home renovation in the summer of 2009, Tina Davies felt like she was awaiting her first baby: excited, nervous and not sure what to expect. The project would plunge the Toronto makeup artist’s household into chaos for five months, but once it was done, her family of three would have a new kitchen and bathrooms, updated ...
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How Much Money is Needed in Retirement?

February 10th, 2011
Lifestyle and expenses determine how much money is needed in retirement By LuAnn LaSalle, The Canadian Press MONTREAL - Your current lifestyle may impact your retirement more than you think. Can it be sustained? How much money will it take to maintain the standards you're used to? What will it take in RRSPs, investments, savings and private and government pensions once retired? "Unde ...
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Property Transfer Tax

January 9th, 2011
http://www.sbr.gov.bc.ca/individuals/property_taxes/property_transfer_tax/first_time_home_buyer.htm Tax Rates The amount of tax due depends on the fair market value of the property that is transferred: If the fair market value is $200,000 or less, the tax is 1% of the fair market value If the fair market value is greater than $200,000, the tax is 1% of the fair market value up to $2 ...
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BC HST and Real Estate

January 9th, 2011
BC's HST and Real Estate By Clark Wilson LLP's Commercial Real Estate GroupJuly 28, 2009 - updated November 19, 2009 November 19 update: Transitional rules for new housing have been released by the provincial government today. The Province is proposing to increase the previously announced threshold for the B.C. HST new housing rebate from $400,000 to $525,000. For pre-sales, any hom ...
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Financial Plan

November 19th, 2010
Too many clowns with no financial plan Garry Marr, Financial Post · Wednesday, Nov. 10, 2010 You have to be a real clown not to have a financial plan and be saving for your retirement. Right? Not really, you would just be among the approximately 80% of Canadians who don’t have any sort of comprehensive financial plan, according to the Financial Planning Standards Council. Who are these pe ...
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Cottage vs Mutual Fund - Which is better?

September 6th, 2010
Cottage v. mutual fund: Which is better? In one of the hottest real estate markets in history, where would your money have grown faster? Ted Rechtshaffen Globe and Mail Update Published on Friday, Sep. 03, 2010 6:00AM EDT Last updated on Friday, Sep. 03, 2010 6:35AM EDT Last week I wrote about four reasons to sell your cottage now. There was a great deal of feedback, much of it related ...
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Top 6 Ways to ruin your Retirement

August 25th, 2010
Top 6 ways to ruin your retirement by Mark P. Cussen, Investopedia.com  provided by Despite the plethora of websites, books, magazines, advisors and other financial information and services available for retirees, there will always be a contingent of people who fail to make their retirement savings last for the rest of their lives. There are many ways to avoid this, some of which are more ...
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Owning a Home During a Separation

July 5th, 2010
We all know that marriage isn’t always forever. And when a separation occurs, a home is often involved. Since most couples have a joint mortgage – one where both names are on the mortgage and title of the home – when separation or divorce proceedings occur, many wonder what will happen with the home. When the marriage comes to an end, there are two obvious options concerning the home ...
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