Saturday, December 04, 2010

Canadian Passive Income

Passive income from Canada is smart:

  1. Canada has one of world's strongest banking systems.
  2. Canadian real estate has a solid foundation.
  3. Canada's population continues to grow due to healthy immigration.

Why is this good?

  1. Strong banking system means that the country will not fall apart due to ill-supervised banking executives.
  2. Solid foundation due to lack of broke speculators. To obtain a mortgage as a speculator/investor a 20% deposit is required. No zero down mortgages.
  3. Canada has its doors open to new residents, therefore the demand for housing will increase.

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