When Can a Bank Foreclose on a Mortgage?
By N. Balani What is a Foreclosure? Foreclosure is a legal process under which the lender takes charge of the asset (property) from the borrower who has missed payments on the loan. The lender gives the homeowner or the borrower an opportunity to sell the property and repay the...
Will Canada go into a Recession in 2022?
By N. Balani What is a recession? The traditional definition of a recession is two consecutive quarters of negative growth in gross domestic product (GDP). The definition for recession by the National Bureau of Economic Research (NBER) takes a broader view of the economy. According to the NBER, a...
Top 5 Fastest Growing Cities in Canada
Here is a short insider article that will surprise you with the facts! Over a five year period (from 2016 to 2021), most of Canada’s fastest growing municipalities with the highest population growth rates are located within large urban centres or close to them. The fastest growing communities in...
The Pros & Cons of Buying a Tenanted Property in Ontario
Real estate investments are an excellent way to create an income-generating source, a popular mainstay in financial portfolios. Many Canadians are considering buying homes, commercial buildings, and residential rental properties to diversify their investments. With low-interest rates and demand outstripping the supply, the Canadian real estate market has been...
Immigration to Canada – Highs and Lows
One of the World’s Best Countries Canada is a natural immigration destination with one of the world’s best natural locales, untouched vast wilderness, world-class cities, and a deep-rooted culture of tolerance. The country ranks very high in international measurements of government transparency, civil liberties, quality of life, economic freedom,...
Inflation – The Elephant in the Room
By N. Balani What is inflation? Inflation is simply defined as the cost of living going up due to prices increasing across the board from food, transport, gas, housing, utilities, consumer durables, etc. So basically, you get less in the same $100 basket and must budget your expenditure to...