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property

To buy or to rent?

on Mon, 03/07/2016 - 10:56

Been having more and more discussions with clients, prospects and associates on housing prices and whether is it a good time to buy properties in the last year and half. 

Since a good couple of years, many of us had been saying the house prices are very high and that the housing bubble will be boosted. 

My viewpoint, as a financial advisor, is that, this is not a good time to buy. Regardless whether you think there is a bubble or not.

<-- Housing prices verses the multiple of an average Canadian family is at all time high.

Building small business owner's new family

on Mon, 11/28/2011 - 09:51

You know how small business owners usually report very low income, so that they can pay lower tax...

Here is my experience on a small business owner that I want to share:
 
I met this small business owner in 2005 and he owns restaurants in Toronto, normally he has about $5000 income from the business for his daily expenses, and any retain earnings is used to set up the next restaurant. 
 
However, he reported only about 12k income for himself and his wife. They rented a house in Scarborough at the time. 
 
We started to look into his finances and of course he has no problem meeting his