Tag Archive: real estate investment

October 3, 2017

Looking for a Life Companion?

___________________________________________ My wife and I saw both our kids off to University last month, our first taste of the ‘empty nest’. Naturally our thoughts turn to our children’s next stages of life. We hope that we have prepared them well, but as anyone who has either had or been a parent knows – parenting is never over. Rather we trade the worries we had when they were young for the worries of life’s next stage. During each stage we delude... View Article

January 18, 2016

Be Patient, Be Decisive, and Buy More Real Estate

My wife started a family tradition when the kids were quite young. Each New Years Eve, we would sit together, and jot down on our respective pieces of paper our personal goals -resolutions if you will- that we had for the coming year. Twelve months later we would repeat the process with the added amusement of reading what we had written the previous New Years Eve. The cramped jar has become a testament to my personal shortcomings, as a review... View Article

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

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

December 1, 2013

Silent Thief

Most of us, look at our property taxes as a necessary evil. We have our annual moan of outrage at the property tax hike proposed by the city, then a sigh of relief when the proposed increase is cut in half. Forgot in the process is that property taxes are still rising, and in the process diminishing the average households spending power. What has offset that increase in the last 15 years or so, is a decline in lending rates,... View Article

November 1, 2013

Stickin’ To My Knittin’

    While travelling through the States recently I took the opportunity to read the business section of the local paper. The pieces that I find myself gravitate towards are personal help columns written by financial planners. The Globe has such a piece each Saturday, replete financial advice that often includes a warning not to be too heavily invested in Real Estate. It’s a form of professional self torture to read these pieces, but all the same it is interesting to... View Article

October 1, 2013

The Pendulum Swings Both Ways

   A mortgage broker friend of mine and I were recently observing how often folks ask us about “where the market is heading.” In his case, they mean interest rates, in mine, real estate prices. However, the questions are really one and the same. So are the answers- “We don’t know,” “If we were that smart, we would be retired!” While I am extremely bullish on Guelph, and our prospects for continued prosperity, I am also a realist. We do... View Article

September 1, 2012

A Collective Knowledge

  Access to the knowledge of others has always been one of the my favourite aspects of my job.  After all, if you subscribe to the belief that everyone knows something that you don’t, the benefit of working with other people willing to share their knowledge and experiences is a tremendous advantage. It is, or at least, ought to be an advantage enjoyed by larger offices.   If on the other hand, you find yourself working within a large group unwilling to... View Article

February 1, 2012

When is the Best Time to Buy?

Two of Guelph’s largest owners of apartment buildings got their start in Real Estate with my father, at Herb Neumann Real Estate.  Clark McDaniel and the lateDenzil Williams started acquiring properties at Herb Neumann Real Estate in the mid 70’s and acquired over a 1000 units through the Bob Rae era, which they still hold asWilliams and McDaniel.  Skyline Property Management principals Jason and Martin Castellan got their start in the early 90’s with us, ironically by buying up all the Cole Road semis they... View Article