Money, digital money and housing are the main topics this weekend!
Canada’s real estate market has been getting a little out of hand lately, with a limited supply of single-family homes and prices trending skyward, faster than Toronto Condos are being built.
What got me thinking about this more were some friends who listed their home in the past week seemingly, for the sole purpose of cashing in on the hot market prices. For most of us, though, that leaves the question of – now where do you move?
We’ll also take a look at how the CRA might be scrutinizing your social media accounts and why Bitcoin might be a necessary part of your retirement portfolio.
The Crazy Canadian Housing Market | Toronto Life
The big story lately is the, sometimes obscene, real estate prices in Canada, particularly in the large urban centres like Toronto and Vancouver. Bigger questions remain, such as will the trend continue – or are we in a giant bubble that will finally pop? This has been speculated for years but hasn’t manifested yet. Likely thanks to low-interest rates and now increased household savings during COVID-19. The Housing section in Toronto Life gives insight into how far your money will go in the big city, showing a selection of the latest listings and final sale prices.
The CRA is Watching You: Auditors Scour Social Media | The National Post
Are you a big-time blogger or social media influencer with tens of thousands of adoring followers? Well, the CRA may be watching you! An interesting but not surprising revelation is that the CRA might be checking out your social media accounts to see how they jive with your tax returns. If you’re driving around on Instagram in an $80,000 Mercedes-Benz and reporting $5,000/year in income – you may be subject to some additional scrutiny!
Investing in Bitcoin is a No-Brainer | Cut the Crap Investing
Cut the Crap Investing discusses Bitcoin ETF’s, why Bitcoin is the new ‘digital gold’, and why it may be a no-brainer for your portfolio. There are many arguments both for and against Bitcoin, each having its merit, but like any investment, nobody knows. There is also a little more background on Bitcoin here in MoneySense. While my opinion on Bitcoin itself hasn’t been swayed, I find riding a potential price surge upward, resulting from large fund flows into U.S. listed Bitcoin ETFs, an interesting possible angle.
Check out the latest articles on the homepage, including my take on Bitcoin – “Is Bitcoin a Real Currency?” and have a great week!
