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Purchasing raw land is considered a long-term, illiquid investment. Even if you begin developing it immediately, it may take a long time before you reap any profits. Selling it fast is usually not an option. What will you do with the land once it’s yours? Do you want to raise cattle? Build your dream home? […]
Continue ReadingIf you’re a Homeowner, you’ve probably heard about second mortgages. But what is a second mortgage? It’s a type of loan that is secured by your home, similar to a first mortgage provided by a traditional bank. Over time you build up equity in your house, and a second mortgage allows you to use the […]
Continue ReadingAn RRSP is a retirement savings plan that you establish, that the CRA registers, and to which you or your spouse or common-law partner contribute. With the federal government’s Home Buyers’ Plan, you can use up to $25,000 of your RRSP savings ($50,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you’re […]
Continue ReadingAlberta Employment jumps to a new high. Alberta added 26,300 jobs in December, the largest monthly gain since June 2011. Employment increased for the third month in a row, surpassing the pre-recession peak. The number of active rigs in Alberta averaged 155 in December, up 2.9% y/y. The average rig utilization rate was 30% […]
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