REAL Strategies in Real Estate Investing
Housing activity is expected to recover after declining in 2018 and 2019.
“Housing starts are projected to stabilize in 2020 and 2021 at levels in line with long-run averages. This follows two years of declines from elevated levels in 2017. Resale activity and house prices are expected to fully recover from recent declines, supported by growth in income and population.”
View the full report in the CREIC Members Resources Area.
Excerpts from speaking at the Robert Allen Nothing Down Event on February 3rd.
Brian d’Eon will be a special guest at the next Toronto Women’s Club event–November 11th, 2017. Tickets are available here, first 50 get in FREE!
At the Club meeting in September, 2017, real estate investment experts were asked their opinion on the #1 “secret” to becoming a millionaire.
On the panel from left to right: Cora Cristobal (Toronto Women’s Club), Amit Ambegaonkar (Your Profound Success), Terry Stallwood (PIC Winnipeg), Brian d’Eon (Canadian Wealth Masters), Sadhana Sabharwal, Bogdan Marzewski, Robert Elder (Millionaire Possibilities)
“I’d have to say Mindset,” replied Brian d’Eon, of Canadian Wealth Masters. “… you have to believe that you will … you have no other choice! Having the right mindset affects your approach to everything in your life. Your door is always open for opportunities to have money flow your way.”
As Henry Ford once said, “If you think you can, or you think you can’t–you’re right!”
At the next Club meeting in Mississauga on September 30th, 2017, Brian d’Eon (Canadian Wealth Masters) will be a special guest featured on the Experts Panel.
This is an event not to be missed! Learn from the experts–and those who went from net worth of $0 to over $1M in 24 months with real estate investments.
Do You Want To…
==> Learn how to make money in real estate in the current risky times?
==> Know if you should still buy properties in the Toronto area?
==> Know how to go from 0 to a Million in 24 months?
==> How to buy properties even if you don’t have lot of money or a good credit?
==> Get access to joint venture partners or private money?
==> Get access to cash flowing properties?
==> Come join me at the next exclusive PIC meeting in Mississauga.
from left to right–Bill Morneau (Finance Minister), Brian d’Eon, Ranjit Dhaliwal
Tonight we met with the Finance Minister, Bill Morneau, to talk about the impact of the recent changes to the mortgage rules. He advised there are no plans for further tightening and was happy to hear from us that housing prices have started to soften, which was their intended goal. I stressed my concern about CMHC pulling bulk insurance and the impact it’s had on the smaller (mono line) lenders and the eventual impact of higher costs for borrowers, due to lack of competition. Essentially, he said he had no choice but to slow down the drastic increase in house prices–what the government perceives to be the number one threat to the Canadian economy.
Canadian Wealth Masters recently had the pleasure of a visit from Jack Canfield in Toronto. Jack is a real inspiration to everyone, with profound wisdom to share on how to be truly successful in whatever you choose to do!
Working with people from all walks of life, from full-time moms to CEOs at large companies, I’ve distilled many universal truths about success. There’s a secret I’ve learned that works quite well at helping you to achieve what you want: Decide what you want. —Jack Canfield
Successful people maintain a positive focus in life no matter what is going on around them. They stay focused on their past successes rather than their past failures, and on the next action steps they need to take to get them closer to the fulfillment of their goals rather than all the other distractions that life presents to them. —Jack Canfield
If you are not moving closer to what you want, you probably aren’t doing enough asking. And you’re probably not asking the single most important question that can help you achieve a higher level of success and personal fulfillment: How am I doing? —Jack Canfield
Have you arrived at where you want to be in life?
Maybe it’s to be a multimillionaire. Perhaps it’s to own a million dollar’s worth of real estate, and to retire with your feet up on a beach somewhere tropical.
Whatever your personal destination is, you’re obviously not “there” yet… or you wouldn’t be reading this!
Now, we could spend a whole bunch of time talking about why.
But let’s just skip to the part where I tell you the good stuff, which is:
It doesn’t really matter why you’re not there yet.
What matters is that you get there… and you do it pretty soon, right? Well, here’s the deal.
There IS a secret to become a multimillionaire.
There IS a way of getting all the resources you need…. and of getting yourself on the fast track to make it happen.
It works whether you’re a real estate investor, a coach or speaker, a financial agent or a salesperson. In fact, it works in just about any industry.
The really exciting part is… when you know and apply this secret, becoming a multimillionaire is a virtual certainty!
Now, I realize that’s a bold claim. So before I reveal this secret to you, let me explain how I discovered it… and how I know it works….
I will see you on Saturday, March 25th with Jack Canfield in Toronto.
Use the first 60 days of the year to max out contributions to your RRSP. You have until March 1st, 2017 to reduce your 2016 income and get a higher tax refund.
There are several advantages in maxing out your contributions to your RRSP. All of the income you earn in the plan is exempt from tax (as long as the funds remain there). Additionally, you can withdraw tax-free funds from your RRSP for qualifying home purchases.
The Home Buyers’ Plan (HBP) is a program that allows Canadians to withdraw up to $25,000 in a calendar year from their RRSPs to buy or build a qualifying home for themselves or for a related person with a disability.
Under this plan, only first-time home buyers are eligible to participate, unless the special rules for persons with disabilities apply.
Each spouse or common-law partner can withdraw eligible amounts under the HBP from any RRSP under which he or she is the annuitant. Each person can withdraw up to the $25,000 limit, or $50,000 if purchasing the property jointly.
Any RRSP contributions made must remain in the RRSP for at least 90 days before they can be withdrawn under the HBP. After 90 days, the RRSP may generate a tax refund, which can then also be applied toward the down payment.
You have up to 15 years to repay to your RRSP from the second year following the year of withdrawal. If the required repayment is not made, the owing amount will have to be included as income in the year of the shortfall.
This is an excellent opportunity to save for your first down payment. Make sure you make use of it!