"It's not timing the market its time in the market", but tell that to the recent retiree who is counting on his RRSP investments to carry him along in an early retirement. He probably wishes he would have timed the market!
As a person gets closer to retirement they need to continually re balance their portfolio to reflect their changing needs. Real Estate investments should be a part of that re balancing.
Now everyones risk tolerance is as different as their knowledge levels and that is for another discussion. If you are looking for a safe consistent return in your RRSP's or a steady regular payout in your RRIF's then you need to consider hold mortgages. There is no reason you cannot get 8% to 15% return on your money with mortgages.
Now if you are a realtor you should be using mortgages to aid your clients in buying and selling their homes at least once or twice a year depending how many homes you sell. It is more vital and profitable for high preforming realtors as you can utilize your RRSP contribution room to save on taxes.
Keenan
Comments(0)