Latest Posts

September 16, 2015

An Investing Observation

Many Canadians, particularly those without a structured pension to rely on, have necessarily turned to investing in order to provide for their needs (and hopefully wants) down the road. In the strictest financial sense of the word an investor is interested in one thing – accumulating wealth. However, as the saying goes, there is more than one way to shine a penny. So too, there are more ways than one to be an investor. Fortunately, there are experts to make... View Article

July 20, 2015

Got Your Bathing Suit ?

The Bank of Canada lowered the prime lending rate this past week, in a move that garnered very little attention in the media. For the better part of a generation, interest rates have been low, so a move from almost zero, to a little closer to zero raises few eyebrows. As my livelihood is closely and visibly tied to people’s willingness to spend borrowed money, I notice these things. It is easy to take cheap money for granted, but it... View Article

June 24, 2015

Compounding Interest

  Real estate investors, or those who fancy themselves to be, sometimes turn for inspiration and gumption to a poem entitled ‘Procrastination’. Penned by an anonymous author in 1918, Procrastination retells the fabled sale of Manhattan Island to Peter Minuet for $26 in 1626. The poem is written from the perspective of the second place bidder who walked away from the deal, deeming it too expensive. He knew the real estate market was over-heated, and determined he would wait for... View Article

May 14, 2015

What Ever Happened to Cheaters Never Prosper?

Sport, in many ways mimics life. The harder you train for your sport, the better you get. The better you get, the higher level you achieve amongst your peers. The better you are able to combine your talents with those of your peers, the more success your team will achieve. It is not difficult to correlate sport to the working world, and thus sport has long been a good teaching tool for children. The lessons learned on the playing field... View Article

April 15, 2015

An Acceptable Form of Payment

A farmer, whose land holdings grew ever closer to the boundaries of an expanding metropolis, patiently waited for the right time to sell his land. When that day came, he and his family became instant millionaires. Set for life, he placed his money securely in the bank, and, true to his disciplined demeanor, did not touch it. Within five years through the wonders of inflation (in this case, hyperinflation), the sum he had received for his lands and which he... View Article

March 11, 2015

Look After the Pennies & the Dollars Will Look After Themselves

On my commute from work one day last month, I caught the tail end of a story on CFRB about a recently deceased gentleman who left the majority of his life’s fortune to those who provided for his care in his final days – in this case, the local hospital. The public interest component of the story is not so much the amount of the fortune, but rather assumption of the local town folk in Brattleboro Vermont that Mr. Read... View Article

January 21, 2015

I Am Little Johnny’s Mom

When newspapers have small empty spaces to fill, and have failed to sell the space to an advertiser, they fill the space with a humorous human interest story. One such piece caught my attention. Although the story was clearly intended to demonstrate the ridiculousness of the situation, it struck a nerve with me for another reason. To paraphrase the story: Little Johnny’s mom hosted a birthday party for her five year old which included a ski outing at a cost... View Article

December 30, 2014

Smarter People Than Me & Real Estate Investment

My first job in real estate, had nothing to do with listing or selling houses-rather I was the eight year old office cleaner at my fathers small brokerage; Herb Neumann Real Estate. His office at the time was located on the corner of Woolwich and Cardigan street, in an old house that sat on what is now an empty parking lot. Early on Saturday mornings I would come into the office, vacuum, dust and empty the trash cans of all... View Article

December 16, 2014

Get In Line – No Thanks!

These are turbulent times in America and indeed much of the world. The scene outside of Northline Mall in suburban Houston on December 14th, would leave little doubt chaos and unrest were at hand. There were reports of shots having been fired, though thankfully no one was struck. Store windows had been smashed by some in the crowd, estimated to be in the hundreds. The following day, garbage and debris lay strewn about the property. With all that has transpired... View Article

December 1, 2014

A Different Mindset

In 2008, a former colleague of mine attended a real estate conference in the United States. He returned convinced, and eager to convince the rest of us, that Canada was on the precipice of a massive Real Estate correction – just like the one that had enveloped our southern neighbour. It was a gloomy forecast, and as someone who had hitched his livelihood and financial well being to the real estate wagon – not one I enjoyed listening to. His... View Article