Joseph Elliotson, Financial Planning & Accounting

08/10/2020

Clients with enough savings to bridge a five-year gap should likely delay, a new report says.

Clients with enough savings to bridge a five-year gap should likely delay, a new report says

07/03/2020

Investors should expect "a very bumpy road" through 2021

05/08/2020

A recent report predicts home prices will drop by 10–15% through 2022.

A report predicts home prices will drop by 10–15% through 2022

09/20/2019

“Even if your gut instinct is telling you to sell equities, the evidence is still pointing to economic expansion,” Jerusalim said—regardless of the headlines in the business news.

“Over the long term, market timing has proven a very poor strategy. Instead, stay invested in high-quality, growing companies with prudent balance sheets and defensible competitive conditions in order to reap the benefits of long-term capital compounding.”

Six indicators to counter an inverted yield curve

08/09/2019

https://www.investmentexecutive.com/news/industry-news/nervous-homebuyers-might-want-to-sit-on-sidelines-says-author-predicting-crash/

Portfolio manager at Richardson GMP advises prospective buyers to wait

07/12/2017

The Bank of Canada has raised its key interest rate as expected to 0.75 per cent — the central bank's first move upward in the cost of borrowing in seven years. "We're going to see more [rate hikes] as we move forward, assuming growth holds up"

The Bank of Canada has raised its key interest rate as expected to 0.75 per cent — the central bank's first move upward in the cost of borrowing in seven years.

05/02/2017

Have you (or your retiring family members) ever wondered whether or not to take CPP retirement benefits early? Actuarial methods now provide a clear answer.

Is it better to start CPP at 60 or 65 or even 70? This article may be the one and only time you will see a definitive answer to this question

03/15/2017

I'm not sure this is a record achievement we should feel good about. Debt always has risk, regardless of the interest rate. Dare to be different; eliminate your debt! Per Forbes 400 (2007), it's the #1 key to building wealth.

"Fuelled by mortgages and low interest rates, household debt has been climbing steadily in recent years. Policymakers have raised concerns about household debt and see it as a key risk to the economy."

The increase came as income rose by 1.1%, while household credit market debt gained 1.2%

03/06/2017

"DePratto expects the Bank of Canada to keep rates unchanged through 2017 even as the U.S. central bank lifts rates a couple of time over the next year.

"If anything, he said Canadian rates will probably move down before they go up, especially if policy changes made by Trump slow Canada-U.S. trade."

Economy & Markets 2017-03-01T14:30:00Z The central bank used slightly stronger language when referring to U.S. uncertainties The Bank of Canada held its be

02/20/2017

A recent report on the Canadian housing market:
"Canada's housing market is among the priciest in the world, and the household debt ratio has surpassed U.S. pre-crisis levels...This is the first time that household debt has exceeded the size of the Canadian economy"
"The credit-rating agency considers Canadian house prices as being unsustainable...Yet, at the same time, given the rising population and a lag in new home construction, Fitch says it expects house prices to continue to rise nationwide. However, the rate of price growth will likely slow"
"Fitch expects mortgage rates to remain low for the first half of 2017"

02/16/2017

Honoured to be voted as one of the top 3 favourite tax preparers by the Waterloo Region Record Reader Awards!

02/13/2017

A brief and understandable summary of the investing landscape for 2016.

2017 is here which means it's time for our 2016 stock market review. Here's a look at the markets and investments to see how everything fared for the year.