https://www.realty.truewealthadvisors.ca/blog/ Recent content in The True Wealth Journal on True Wealth Advisors Hugo -- gohugo.io en-ca Tue, 10 Feb 2026 09:31:35 +0000 https://www.realty.truewealthadvisors.ca/2026/02/smart-investors-move-in-checklist/ Tue, 10 Feb 2026 09:31:35 +0000 https://www.realty.truewealthadvisors.ca/2026/02/smart-investors-move-in-checklist/ The Smart Investor’s Move-In Checklist: Protecting Property and Possessions Buying a home is a meaningful financial milestone, one that often follows months of planning, strategy, and careful decision-making. Once the purchase is complete, attention naturally turns to the move itself. Whether you’re settling into your first property, relocating for a new opportunity, or aligning your living space with long-term goals, a well-organized move helps protect both your belongings and your peace of mind. https://www.realty.truewealthadvisors.ca/2025/05/which-comes-first-rrsp-tfsa-or-real-estate-equity/ Fri, 02 May 2025 11:52:18 +0000 https://www.realty.truewealthadvisors.ca/2025/05/which-comes-first-rrsp-tfsa-or-real-estate-equity/ Which Comes First: RRSP, TFSA, or Real Estate Equity? A Financial Planner’s Guide to Drawing Income in Retirement You’ve spent years building wealth—inside RRSPs, TFSAs, and real estate. Now the question is: How do you turn it into income for retirement? Many Canadians feel unsure where to start: “Should I withdraw from my RRSP first?” “Is it better to use my TFSA?” “Can I tap into my home equity without selling? https://www.realty.truewealthadvisors.ca/2025/04/the-hidden-tax-implications-of-real-estate-in-retirement/ Fri, 25 Apr 2025 15:40:23 +0000 https://www.realty.truewealthadvisors.ca/2025/04/the-hidden-tax-implications-of-real-estate-in-retirement/ The Hidden Tax Implications of Real Estate in Retirement A Canadian Financial Planner’s Guide to Protecting Wealth and Planning Ahead Real estate is one of the most common ways Canadians build wealth. But as retirement approaches, many overlook one critical truth: Without the right planning, real estate can create a bigger tax bill than expected. As a financial planner, I regularly work with clients who are shocked by: How much tax they owe on the cottage or rental they planned to pass down The effect rental income has on their tax bracket The probate costs of passing property through their estate This post unpacks some of the most common tax pitfalls—and how to avoid them with a solid, faith-aligned strategy. https://www.realty.truewealthadvisors.ca/2025/04/turning-equity-into-impact-how-to-use-real-estate-to-fund-your-giving-goals/ Fri, 18 Apr 2025 17:54:45 +0000 https://www.realty.truewealthadvisors.ca/2025/04/turning-equity-into-impact-how-to-use-real-estate-to-fund-your-giving-goals/ Turning Equity into Impact: How to Use Real Estate to Fund Your Giving Goals A Financial Planner’s Perspective for Purpose-Driven Canadians Many Canadians have built significant wealth through real estate—whether through a primary residence, a cottage, or investment properties. But here’s a question most people never ask: “Could the equity in my property do more than just sit there?” For faith-driven individuals, generosity is a calling—not just a nice-to-have. And as a financial planner, I’ve seen how real estate can become a powerful tool for impact when it’s aligned with your giving goals. https://www.realty.truewealthadvisors.ca/2025/04/how-demographic-shifts-are-reshaping-canadian-real-estate-a-financial-planners-guide/ Fri, 11 Apr 2025 12:00:55 +0000 https://www.realty.truewealthadvisors.ca/2025/04/how-demographic-shifts-are-reshaping-canadian-real-estate-a-financial-planners-guide/ You’ve worked hard, built wealth, and now retirement is on the horizon. You may have: A home that’s mostly or fully paid off One or more investment properties A stock portfolio in RRSPs, TFSAs, or a corporate account And now you’re asking the big question: “What should I draw from first—my real estate or my investments?” The answer? It depends on your goals, lifestyle, and long-term strategy. Here’s how to think it through from a financial planning perspective. https://www.realty.truewealthadvisors.ca/2025/04/should-you-keep-the-cottage-in-the-family/ Fri, 04 Apr 2025 16:58:41 +0000 https://www.realty.truewealthadvisors.ca/2025/04/should-you-keep-the-cottage-in-the-family/ Should You Keep the Cottage in the Family?” A Financial and Faith-Based Look at Legacy, Costs, and Clarity Few properties carry as much emotional weight as the family cottage. It’s not just real estate—it’s the backdrop of countless memories: Summer mornings on the dock. Board games in the evening. Shared laughter across generations. But as retirement nears and estate planning becomes a priority, many Canadians are asking: “Should we keep the cottage in the family—or is it time to sell? https://www.realty.truewealthadvisors.ca/2025/03/how-to-know-when-to-sell-an-investment-property-in-canada/ Fri, 28 Mar 2025 16:15:53 +0000 https://www.realty.truewealthadvisors.ca/2025/03/how-to-know-when-to-sell-an-investment-property-in-canada/ How to Know When to Sell an Investment Property in Canada A Financial Planner’s Guide to Timing, Taxes, and Strategy Why This Question Matters As a financial planner, I often get this question: “Should I sell one of my investment properties before I retire?” It’s a common concern—especially for Canadians who have built wealth through real estate but are unsure how it fits into their retirement income plan. Maybe your property has appreciated. https://www.realty.truewealthadvisors.ca/2024/05/cracking-the-code-why-the-u-s-real-estate-market-is-more-lucrative-than-the-canadian-market-with-share/ Fri, 17 May 2024 05:00:37 +0000 https://www.realty.truewealthadvisors.ca/2024/05/cracking-the-code-why-the-u-s-real-estate-market-is-more-lucrative-than-the-canadian-market-with-share/ Cracking the Code: Why the U.S. Real Estate Market is More Lucrative than the Canadian Market with SHARE Investing in U.S. real estate has become a topic of increasing interest, especially given the challenging conditions in the Canadian real estate market. For Canadian investors seeking more lucrative opportunities, this exploration is both timely and essential. Challenges in the Canadian Real Estate Market The Canadian real estate market is currently fraught with challenges. https://www.realty.truewealthadvisors.ca/2024/02/beyond-borders-exploring-the-us-real-estate-market/ Tue, 20 Feb 2024 10:01:06 +0000 https://www.realty.truewealthadvisors.ca/2024/02/beyond-borders-exploring-the-us-real-estate-market/ Beyond Borders: Exploring the US Real Estate Market. Are you facing challenges investing in the Canadian real estate market? Are you seeking alternatives that offer better returns and less risk? Look no further than the US real estate market, where opportunities abound for savvy investors looking to build passive income and wealth. In this post, we’ll explore why the US real estate market is a viable option for investors and how you can get started. https://www.realty.truewealthadvisors.ca/2024/01/real-estate-market-trends-in-canada-where-to-invest-in-2024/ Wed, 24 Jan 2024 08:53:30 +0000 https://www.realty.truewealthadvisors.ca/2024/01/real-estate-market-trends-in-canada-where-to-invest-in-2024/ Real Estate Market Trends In Canada- Where to Invest in 2024. Introduction: Welcome back to the True Wealth podcast! I’m Seun Adeyemi, your host, and today we’re delving into the dynamic world of real estate with my esteemed colleague, Chris Bisson. In this insightful conversation, we discuss the current state of the real estate market, shedding light on trends, challenges, and strategies for making informed decisions. Unraveling Market Fluctuations: Seun kicks off the discussion by acknowledging the market’s recent fluctuations, marked by high-interest rate increases and an overall tepid atmosphere. https://www.realty.truewealthadvisors.ca/2023/12/unlocking-the-secrets-of-property-valuation-a-deep-dive-into-home-appraisals/ Tue, 05 Dec 2023 07:50:47 +0000 https://www.realty.truewealthadvisors.ca/2023/12/unlocking-the-secrets-of-property-valuation-a-deep-dive-into-home-appraisals/ Unlocking the Secrets of Property Valuation: A Deep Dive into Home Appraisals Introduction: The world of real estate appraisals is a complex yet essential aspect of the property market. Recently, the True Wealth podcast featured an illuminating conversation with Chris Bisson, a renowned figure in the real estate sphere. His insights shed light on the intricacies of property appraisals and the crucial role they play in the ever-evolving real estate landscape. https://www.realty.truewealthadvisors.ca/2023/11/optimizing-estate-planning-for-canadian-real-estate-investors-tax-probate-strategies/ Mon, 27 Nov 2023 08:16:23 +0000 https://www.realty.truewealthadvisors.ca/2023/11/optimizing-estate-planning-for-canadian-real-estate-investors-tax-probate-strategies/ Optimizing Estate Planning for Canadian Real Estate Investors: Tax & Probate Strategies For investors who own multiple real estate properties, there are unique financial planning, tax and legal strategies that should be considered to ensure they can secure their legacy both in the short and long term. Here are some key considerations: Principal Residence Exemption: Canada allows for a principal residence exemption, which can eliminate capital gains tax on the sale of a principal residence. https://www.realty.truewealthadvisors.ca/2023/11/how-aaron-charles-is-using-his-real-estate-development-to-help-elevate-the-black-community/ Thu, 16 Nov 2023 11:23:21 +0000 https://www.realty.truewealthadvisors.ca/2023/11/how-aaron-charles-is-using-his-real-estate-development-to-help-elevate-the-black-community/ How Aaron Charles Is Using His Real Estate Development to Help Elevate the Black Community Introduction: In today’s episode of the True Wealth Podcast, we delve into the remarkable journey of Aaron Charles, a real estate agent and developer, and his mission to empower the Black community by helping people build wealth through real estate. Hosted by Seun Adeyemi, this conversation uncovers Aaron’s dedication to making homeownership a reality for many, sharing insights into the strategies and programs used by Golden Triangle Development to achieve this goal. https://www.realty.truewealthadvisors.ca/2023/11/how-financial-therapy-can-help-you-breakthrough-limiting-beliefs/ Wed, 15 Nov 2023 09:24:50 +0000 https://www.realty.truewealthadvisors.ca/2023/11/how-financial-therapy-can-help-you-breakthrough-limiting-beliefs/ How Financial Therapy Can Help You Breakthrough Limiting Beliefs. Introduction Welcome to the True Wealth podcast! I am Seun Adeyemi, your host, and today we have an exciting episode in store. We are joined by Natasha Knox, a financial planner at Alafio Financial Wellness and a Certified Financial Planner (CFP). Natasha’s unique approach to financial planning through financial therapy has garnered significant attention. In this interview, we dive deep into the world of financial therapy and how it helps clients achieve their financial goals. https://www.realty.truewealthadvisors.ca/2023/10/what-you-need-to-know-about-home-insurance/ Mon, 23 Oct 2023 08:38:24 +0000 https://www.realty.truewealthadvisors.ca/2023/10/what-you-need-to-know-about-home-insurance/ What you need to know about Home Insurance Introduction: Welcome to the True Wealth podcast, where we explore essential financial topics to empower our audience with knowledge. In this episode, our esteemed guest, Kumssa Hassan, an experienced insurance expert, joins our host, Seun Adeyemi, to delve into the intricacies of home insurance. As more homeowners prioritize finding the best insurance rates, it is crucial to emphasize the significance of comprehensive coverage to safeguard their properties adequately. https://www.realty.truewealthadvisors.ca/2023/10/qualifying-for-a-prime-rate-alternative-or-private-mortgages-the-pros-cons-of-each/ Mon, 16 Oct 2023 05:00:30 +0000 https://www.realty.truewealthadvisors.ca/2023/10/qualifying-for-a-prime-rate-alternative-or-private-mortgages-the-pros-cons-of-each/ Qualifying for a Prime Rate, Alternative Or Private Mortgages. The Pros & Cons of Each Introduction: In this podcast transcript, hosts Seun Adeyemi and Arthniel Lichmore delve into the topic of mortgages, specifically discussing the differences between prime rate lenders and alternative lenders. They analyze a client scenario where the broker recommended an alternative lender, while the client found lower rates at a traditional bank. The hosts aim to shed light on why brokers may suggest alternative lenders and whether borrowers are being tricked into higher interest rates. https://www.realty.truewealthadvisors.ca/2023/10/choosing-a-property-manager-and-why-you-should-have-one/ Sat, 14 Oct 2023 14:56:56 +0000 https://www.realty.truewealthadvisors.ca/2023/10/choosing-a-property-manager-and-why-you-should-have-one/ Choosing a Property Manager and Why You Should Have One Property management is a multifaceted field that plays a pivotal role in the success of real estate investments. To unravel the complexities of this essential aspect, we turn to Christine Abankwa, a seasoned property manager, realtor, and entrepreneur, who recently shared her invaluable insights on the True Wealth Podcast. In this comprehensive blog post, we’ll delve deep into the key takeaways from her insightful conversation with hosts Seun and Othneil. https://www.realty.truewealthadvisors.ca/2023/10/vetting-a-prospective-tenant-for-your-rental-property/ Thu, 12 Oct 2023 14:33:32 +0000 https://www.realty.truewealthadvisors.ca/2023/10/vetting-a-prospective-tenant-for-your-rental-property/ Vetting A Prospective Tenant for Your Rental Property Introduction: Renting out a property can be a lucrative venture, but it comes with its fair share of challenges, especially when it comes to selecting the right tenants. Vetting your prospective tenants thoroughly is crucial to ensure a smooth and successful landlord-tenant relationship. In this blog post, we’ll explore the essential steps and considerations for effectively vetting potential renters. Verify Employment and Income https://www.realty.truewealthadvisors.ca/2023/09/impact-of-taxes-on-re-investments/ Sat, 02 Sep 2023 09:58:37 +0000 https://www.realty.truewealthadvisors.ca/2023/09/impact-of-taxes-on-re-investments/ Tags: financial planning, tax planning https://www.realty.truewealthadvisors.ca/2023/08/is-toronto-real-estate-still-a-viable-investment-analyzing-the-numbers/ Thu, 31 Aug 2023 09:46:24 +0000 https://www.realty.truewealthadvisors.ca/2023/08/is-toronto-real-estate-still-a-viable-investment-analyzing-the-numbers/ Is Toronto Real Estate Still a Viable Investment? Analyzing the Numbers Introduction: In this episode of the True Wealth Podcast, Seun Adeyemi and Othniel delve into an important question for investors: Is Toronto real estate still a viable investment? They address recent concerns about investors facing losses in Toronto’s real estate market and conduct a thorough analysis of the numbers to provide insights into the current market conditions. The Challenge of GTA Condo Investments: Seun and Othniel discuss the sensitivity of the condo investment market to various factors such as interest rates, supply and demand, and rental rates. https://www.realty.truewealthadvisors.ca/2023/08/rates-have-gone-up/ Tue, 29 Aug 2023 09:19:16 +0000 https://www.realty.truewealthadvisors.ca/2023/08/rates-have-gone-up/ Introduction: In a recent episode of the True Wealth podcast, hosts Seun Adeyemi and Othniel Litchmore delved into a common dilemma faced by real estate investors: whether to hold or sell a pre-construction property. The hosts examined a specific case study where a client had purchased a pre-construction condo townhome three years ago and was now grappling with the decision due to rising interest rates and negative cash flow. In this detailed blog post, we will explore the factors discussed by Seun and Othniel and shed light on the considerations involved in making an informed choice. https://www.realty.truewealthadvisors.ca/2023/06/pros-cons-of-pre-construction-real-estate/ Tue, 13 Jun 2023 05:00:58 +0000 https://www.realty.truewealthadvisors.ca/2023/06/pros-cons-of-pre-construction-real-estate/ Pros & Cons of Pre-Construction Real Estate Building Wealth through Real Estate: The Pros and Cons of Pre-construction Investing Introduction: Welcome to the True Wealth Podcast, where we bring you valuable insights on building wealth through real estate investing. In this episode, our host Seun is joined by Othneil Lichmore, an award-winning realtor, to discuss the world of pre-construction real estate investing. They explore the pros and cons of investing in pre-construction projects, shedding light on how the market can affect property values and the importance of research and long-term planning in making successful pre-construction investments. https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Thu, 11 May 2023 14:28:09 +0000 https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Legal Ownership Vs. Beneficial Ownership. What’s The Difference And Why Is It Important? In a previous article, I talked about joint ownership in non-spouse situations, the two most common types of joint ownership, and why it’s crucial for investors to know and understand the differences. In this article, I’m going to address the difference between legal ownership and beneficial ownership because not understanding those two terms can lead to potential landmine issues when it comes to estate planning for joint owners of a property. https://www.realty.truewealthadvisors.ca/2023/04/joint-ownership-and-owning-real-estate-property-in-non-spouse-situations/ Tue, 25 Apr 2023 14:25:11 +0000 https://www.realty.truewealthadvisors.ca/2023/04/joint-ownership-and-owning-real-estate-property-in-non-spouse-situations/ Joint Ownership And Owning Real Estate Property In Non-Spouse Situations When it comes to owning real estate property, there are different ownership options available. Joint ownership, also known as co-ownership, is one of the most popular ways of owning real estate property. Joint ownership allows two or more individuals to share ownership of a property, and it is not limited to spouses alone. Joint ownership can be between any two or more individuals, such as family members, friends, business partners, or even strangers. https://www.realty.truewealthadvisors.ca/2023/04/are-you-ready-to-buy-your-first-investment-property/ Mon, 17 Apr 2023 14:20:36 +0000 https://www.realty.truewealthadvisors.ca/2023/04/are-you-ready-to-buy-your-first-investment-property/ Are You Ready To Buy Your First Investment Property? There’s no doubt that investing in property has the potential to yield significant financial returns, which is why so many people are interested in this type of investment. But when is the right time to buy an investment property? Let’s explore that question together. First and foremost, it’s important to realize that investing in real estate is not for everyone. It takes a significant amount of time, effort, and money to purchase, maintain, and rent out a property. https://www.realty.truewealthadvisors.ca/2022/11/first-time-home-buyers/ Tue, 29 Nov 2022 14:14:47 +0000 https://www.realty.truewealthadvisors.ca/2022/11/first-time-home-buyers/ Our firm works with a network of lenders, appraisers, lawyers to help you from start to finish when it comes to purchasing your first home. As a first-time home buyer, you probably have many questions or are not quite sure what to start or even what options are available for you. Here is a step-by-step guide. 1. Get a Pre-Approval This should be your first step and we can assist you with this. https://www.realty.truewealthadvisors.ca/2022/11/home-equity-line-of-credit-heloc/ Mon, 14 Nov 2022 14:09:27 +0000 https://www.realty.truewealthadvisors.ca/2022/11/home-equity-line-of-credit-heloc/ Home Equity Line Of Credit (HELOC) Using Your Home’s Equity to Invest This concept has been very instrumental to helping many of our clients build their wealth through real estate. A HELOC is an alternative way to borrow against the equity in your home, providing you with credit that can be used in various ways. For the disciplined and forward-looking investor, it positions you to take advantage of real estate buying opportunities as they become available. https://www.realty.truewealthadvisors.ca/2022/11/purchase-plus-improvement-mortgage/ Mon, 14 Nov 2022 14:05:22 +0000 https://www.realty.truewealthadvisors.ca/2022/11/purchase-plus-improvement-mortgage/ Purchase Plus Improvement Mortgage Many buyers when searching for homes for their families often have to either settle for a home that is really “not up to snuff” or they buy a home that is a bit out of their budget. I have often said that just because a mortgage broker says your maximum purchasing price is X doesn’t mean that X is actually an affordable mortgage for you, when you consider all your other non-housing expenses. https://www.realty.truewealthadvisors.ca/2022/10/meet-the-face-behind-true-wealth-advisors/ Mon, 10 Oct 2022 13:59:17 +0000 https://www.realty.truewealthadvisors.ca/2022/10/meet-the-face-behind-true-wealth-advisors/ Meet The Face Behind True Wealth Advisors I’m Seun Adeyemi, the proud owner of True Wealth Advisors. I look forward to sharing my story. I hope that you will enjoy getting to know me better. After making a mess of my finances in 2008, I realized how little I knew about money. It led me to search for knowledge on how to grow rich. I didn’t have a coach to show me the path to financial literacy. https://www.realty.truewealthadvisors.ca/2022/07/investment-property-deductions-you-can-write-off/ Tue, 26 Jul 2022 13:53:58 +0000 https://www.realty.truewealthadvisors.ca/2022/07/investment-property-deductions-you-can-write-off/ Investment Property Deductions You Can Write-Off Owning an investment property can be lucrative, especially if done prudently. An investment property is used mainly to generate income, either through passive income by renting it out or by flipping it to generate capital gains income. Purchasing an investment property either to flip or to rent both have their pros and cons. A part of what we do is to assess which is right for you.