Weekly Financial, Economic & Market Wrap Up
Adrian C. Spitters FCSI®, CFP®, CEA® President, Author, Private Wealth Advisor
I Execute Tax-Efficient Investment Portfolio Solutions So That Your Business, Family, And Estate Assets Are De-Risked And Protected Against Financial Risk, Economic Threats, Inflation And Higher Taxes.
Here's A Brief Overview Of This Week's Stories:
Canadians' Economic Sentiment and Wealth Preservation Strategies
Recent changes to the capital gains tax by the federal government have notably upset Canada's wealthiest wage earners, according to ongoing polling data that monitors Canadians' financial perspectives. The Maru Household Outlook Index, as reported by The Financial Post, revealed a significant dip in economic and personal financial optimism among those earning over $100,000 annually after the Liberals announced an unexpected increase in the inclusion rate for capital gains over $250,000.
Only 31 percent of this high-income group now believe the national economy is moving in the right direction, a drop of nine percentage points from the previous survey. Similarly, their economic outlook for the next 60 days has worsened, with the same percentage marking a 15-percentage point decrease from the last reading, indicating they do not see economic improvements ahead.
Continue Reading: Canadians' Economic Sentiment and Wealth Preservation Strategies
Navigating Financial Crossroads: Sell or Refinance in Real Estate?
The realm of real estate investment often presents challenging decisions, especially when confronted with a property draining your finances. Today, we'll explore the dilemma of whether to sell or refinance a property, considering factors such as cash flow optimization, tax implications, and long-term investment strategies…
Continue Reading: Navigating Financial Crossroads: Sell or Refinance in Real Estate?
The TD Bank Money Laundering Fiasco: A Wake-Up Call for Asset Protection
The U.S. investigations into TD Banking Group's shockingly lax anti-money laundering compliance could prove catastrophic for the bank. Analysts warn the multi-billion dollar penalties may just be the tip of the iceberg, with veteran John Aiken of Jefferies forecasting potential losses extending over a "lost decade" of constrained U.S. growth…
Continue Reading: The TD Bank Money Laundering Fiasco: A Wake-Up Call for Asset Protection
Navigating Central Bank Policy: Understanding Asset Flow Patterns
Cash moves through the markets in predictable patterns, and central bank monetary policy is solely responsible for driving cash either into or out of certain assets. Central Bank monetary policy IS THE number one driver of the markets. Period…
Continue Reading: Navigating Central Bank Policy: Understanding Asset Flow Patterns
The 2024 Capital Gains Tax Hike: A Shortsighted Move and Its Ripple Effects
It's been almost a month since the Canadian federal budget was released, and the furor surrounding the proposed capital gains inclusion rate increase, from the current 50% to two-thirds, shows no signs of abating. The government's disingenuous claim that the proposal will only affect 0.13% of individuals has further fueled the outrage, as many Canadians recognize the far-reaching implications of this change…
The Cracks in the Derivatives Market: A Looming Crisis?
As the world grapples with economic uncertainties and market volatility, a concerning trend is emerging in the derivatives market – a sector that Warren Buffett famously dubbed "financial weapons of mass destruction." The cracks are starting to appear, reminiscent of the events leading up to the 2008 global financial crisis (GFC). In this article, we delve into the intricate world of collateralized loan obligations (CLOs) and explore the potential risks they pose to the broader financial system…
Continue Reading: The Cracks in the Derivatives Market: A Looming Crisis?
The Great Office Exodus: Toronto's Shifting Real Estate Landscape
The flight from Toronto office space was supposed to be temporary, but the latest data suggests otherwise. According to global commercial real estate giant Avison Young, Greater Toronto offices hit a new record vacancy rate in Q1 2024, with nearly one in seven square feet of office space sitting vacant…
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Continue Reading: The Great Office Exodus: Toronto's Shifting Real Estate Landscape
The Shifting Real Estate Landscape and Emerging Opportunities
The Canadian Real Estate Association's (CREA) April 2024 market report paints a sobering picture of the nation's housing market, shedding light on the challenges buyers and sellers are facing amidst shifting dynamics. The report revealed a 1.7% month-over-month decline in home sales, coupled with a 2.8% rise in newly listed properties, signalling a potential shift toward a buyer's market.
Continue Reading: The Shifting Real Estate Landscape and Emerging Opportunities
The Interest Rate Storm: A Homeowner's Nightmare, An Investor's Opportunity
The Canada Mortgage and Housing Corporation (CMHC) has unveiled findings from its 2024 Mortgage Consumer Survey, highlighting how affordability and escalating interest rates are significantly influencing mortgage consumers in Canada. In January, CMHC conducted a survey of nearly 4,000 recent mortgage consumers across Canada, including those who renewed or refinanced a mortgage or purchased a home in the past 18 months, to collect critical insights into the state of homeownership and mortgage lending.
Western Canada's Real Estate Beyond Urban Centers:
Join Us For A Complimentary Webinar
Enhance your understanding further by joining me, Adrian C. Spitters, Legacy Investment, and Axcess Capital Advisors for a complimentary online webinar. Mark your calendar for Wednesday, June 26th, 2024, to delve into the dynamics of Western Canada's real estate beyond urban centers. Gain invaluable insights into key demand drivers, including opportunities in refinancing, selling, and exploring other investment avenues in Western Canada's real estate market. This webinar is complimentary—reserve your spot now!
Register & Secure Your Spot: HERE
📅 Date: Wednesday, June 26th, 2024
🕔 Time: 3:00 PM – 4:00 PM PST
📍 Online Webinar
Don't miss out on this opportunity to stay ahead of the curve and make informed decisions for your real estate investments. We look forward to your participation!
Is The Current State Of The Economy Keeping You Up At Night?
With all the economic and market uncertainty, you may have questions or concerns about your financial well-being. As a valued Lasting Financial Security subscriber, we are offering a complimentary portfolio evaluation to confirm if your current investment strategy will meet your financial objectives. To learn how we can help you fortify and de-risk portfolios against economic threats, inflation, and higher taxes, please email me at aspitters@pfcwealthsolutions.com or use my Calendly Link to book your private strategy session.
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