Expert Interview with Christian Szpilfogel

In this interview with Christian Szpilfogel, we touch upon: How is he currently managing cashflow? Why isn’t he panicking? Where does he see opportunities? What one tip he would offer investors today?

Quick tip: Some context please

While prices may soften in the short term keep these important points in mind: We still need plenty of immigration to keep the economy strong and these newcomers all need a place to live Canada still has a housing shortage, demand for housing will continue to outpace supply since we are not building enough new […]

Long term Perspective

With interest rates on the rise since early 2022, we have noticed an increasing level of fear, doubt, worry, and concern in the marketplace. Unfortunately for many investors, they are allowing themselves to become paralyzed when they should be preparing and positioning themselves for the great opportunities to come. To help put things into perspective […]

Tip #6: Take a short and long mortgage.

You do not have to choose between fixed or variable. You can choose both! Advanceable mortgages allow you to slice and dice a mortgage into multiple components of varying terms and rates. For example, you can have three loan components, one as a variable, one as a fixed rate, and the third as an interest-only […]

Tip #5: Convert a portion of a mortgage to an interest-only payment.

An interest-only payment on a loan is often lower than an interest and principal payment. If you want to ease up the impacts of rising rates on your cash flow and budget, paying an interest payment would be lighter on your pocket. Having said this, you must be conscious of how long you want to […]

Tip #4: Replace expensive debt with cheaper debt.

Although the rates are rising, the cost of secured debts such as mortgages and lines of credit remains relatively cheap within the bigger scheme of things. One option to create capacity within your budget is to replace expensive debt with cheaper debt. Let’s say you have a car loan with a monthly payment of $1200, […]

Tip #3: Extend the amortization of the mortgage or a loan.

If you have two loans of the same amount—one at a lower rate but shorter amortization and the other at a higher rate but longer amortization—you will see that your payment on the first loan would be higher. Having said that, your interest savings would be bigger because you are paying off the loan over […]