Welcome to the Globe and Mail Personal Finance Reader. I’m Rob Carrick, personal finance columnist at The Globe, and each week I compile a list of articles, blog postings, videos and websites that represent the best of what the online world has to offer on money-related subjects.
I know for a fact that real estate is a hot topic because people keep asking me about it. A Globe reader I recently ran into in the lobby of my office building asked about it. Dozens of people tossed in questions for an online discussion I recently did on mortgages and housing. A TV host who interviewed me recently went on and on about real estate as an investment.
So let’s start this week’s Reader off with a package of the latest analysis on housing and mortgages. You’ll find some thoughts on whether it’s best to go with a variable-rate or fixed-rate mortgage, comments from people in the mortgage business about whether there’s a bubble in home prices and a close-up look at the Vancouver and Toronto markets.
This edition of the reader also contains a list of sneaky tricks retailers use, and plenty of useful information aimed at investors. For your amusement, there’s also a video economics tutorial spoken in rap.
Found something on the Internet that your fellow investors might enjoy? Talk to me at rcarrick@globeandmail.com
From The Globe and Mail and Globe Investor
How to turn your home into an income property Home Cents blogger Chaya Cooperberg shares tips from Income Property’s Scott McGillivray
The case for dividend stocks in uncertain times Get out of cash and buy some. Many dividend-paying companies have actually increased the amount of cash they pay each quarter, says Rob Carrick
Canadians lack basic financial know-how Global survey finds that just 13% of Canadians could answer three questions about financial risk and even fewer are taking steps to educate themselves
Unemployed? Avoid dipping into your RRSP A financial adviser helps an unemployed Guelph worker to chart a new course without harming her retirement funds
RRSP Report 2010 If you have not done so, check out the globe investor personal finance RRSP hub, launched last week, featuring everything you need to know to get through this year's season
Must Reads From Around the Web
The Real Estate File
The Canadian Mortgage Trends blog parses a recent analysis by Bank of Montreal and detects a tilt away from variable-rate mortgages to a fixed rate. Must read if you’re buying a home or renewing a mortgage.
Check out what people in the mortgage business think about the question of whether there’s a bubble in the housing market (don’t be shocked, but they see no bubble).
Focus on the Toronto market: Up 87 per cent in January.
Focus on the Vancouver market: hot but not too hot, the Conference Board of Canada says.
Focus on the U.S. market: Let’s just say there’s no reason to rush if you’re looking to buy property south of the border. The reason: the housing market could be headed for a double dip.
A real estate agent’s take on why homebuyers should use a mortgage broker as opposed to their usual bank. Robert McLister, a broker himself and the proprietor of the afore-mentioned Canadian Mortgage Trends blog, tells me that about 34 per cent of Canadians now use a mortgage broker.
Here’s that online discussion I did on mortgages and housing.
Tricks Of the Trade
A list of 10 things retailers won’t tell you. Be sure to read about how gift cards often go unused, and how outlet stores sometimes sell cheapo versions of products rather than the prime stuff marked down.
For Investors
The ultimate roundup of predictions and forecasts for the markets in 2010.
TSX-listed stocks most likely to raise dividends. Hey, where are the big banks on this list?
