Tag Archive for: Halifax Mortgage Broker

Commercial Mortgage Expert

If you are running a business then there is a good chance that you have an accountant to help you with your financials and your tax filings. You also have a lawyer who created your partnership agreement or created and filed your incorporation documents for you. You may also have someone doing your marketing & social media work.

This is all because that you should focus on what you do best which is running your business. So when it comes time to expand and grow your business and you need to purchase a commercial property to run it then you need to have us help you with your commercial mortgage.

We have years of experience in assisting clients obtain their commercial mortgage. We help you stream line the process so you can continue to focus on what’s important which is running your business. So it doesn’t matter if you are in the initial planning stages or finely ready to commit to you project, please contact us so we can help you make it happen.

Today I am thankful for having the opportunity to watch Wrexham play in the FA Cup yesterday, discovering and reading autobiography’s of people who really made a difference and having my daughter FaceTime me just to talk about music that we love.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

The best time

So many people make the mistake of thinking that the best time of their lives was their childhood or it will be when they finely retire and don’t have to work any more. Nothing could be further from the truth than that as the best time of your life is always now. We don’t know how long we will get, so it’s best to make the most of every moment of your life.

Clients have always asked me when is the best time to buy a house. I always tell them that the best time to buy is always now. If it will be the roof over your head, rather than a speculative investment then it’s always best to buy now. I always follow up by saying that as long as it is your intention to live in it over the long term then it is always best to buy now.

So get your head of the past or your dreams of the future and start realizing just how great today is. The present truly is a gift and it is about time that we all wake up and realize that. Don’t wait till XYZ happens before you decide to do that thing or to finely be happy. Do it now and decide to be happy today, as you never know how long you truly have.

Oliver Burkeman wrote his book “Four Thousand Weeks” as an illustration on the average lifespan. Sadly we don’t all get four thousand weeks, my Mom who passed away from cancer in 2005 didn’t, and many many other don’t. So make the best of the best time of your life, which is now.

Today I am thankful for our dog Augie who brings so much joy to our lives, appreciating the little moments cause at the end of life they are all that matter and new perspectives from new books.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Rate Announcement Jan 2023

The Bank of Canada did what many had predicted by increasing the overnight lending rate by .25% or 25 basis points. However it is their language in the press release that is providing some optimism going forward. This is key part “expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases.” They also said that they expect that CPI inflation will come down to 3% this year and back to 2% in 2024.

While nobody wanted another rate increase, at least it was only 25 basis points and that going forward they expect to hold the rates where they are unless demand on goods and services proves much more bullish than currently projected. If this happens then they are prepared to increase the rates yet again. However knowing that it does take 8-10 months for the effects of the rate increases to work their way through the system, let’s hope that this last one does the trick.

By the way the next meeting for the Bank of Canada is March 8th so mark your calendars.

Today I am thankful that this could be the last of the rate increases, a tune up from my physiotherapist what just what my body needed and my girls looking out for each other away at university.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Presence

Far too often we live our lives thinking of how we could change, undo or glorify events of our past. On the other side of things we also spend way too much time dreaming, planning or dreading what the future may entail. All of this is to the detriment of being present to what is actually happening today.

I write this today being fully aware that the Bank of Canada meets tomorrow. Many economists are predicting at least a .25% rate increase after 7 rate increases in 2022. The point is we don’t know what is going to happen tomorrow, next week or next year for that matter. All we can do is to master being present in the current moment and know with certainty that whatever happens you can deal with it.

The distractions of social medial play a big part in this, trying to shock or engage away from what’s really important. The thing is that we can’t change the events of our past and worrying about what may or may not happen in the future really does not help us either. So the only real logical option is to do the best we can at being present to what is happening in our lives right now.

Today I am thankful for discovering a great podcast to listen to while I workout, my dog who gets up with me at 5am and my daughter has found time to read more at university.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Burn your bridges

Anthony Robbins says is best when he says that “in your moments of decision, your destiny is shaped”. This is true because when you commit to a decision you essentially cut off all other options. You have decided and you are going for it. Don’t give it a half arsed effort, burn your bridges and commit fully to your decision.

When you burn your bridges you cut off any possible chance of retreat. Going forward is your only possibility so give it 100%. Far too often people want to keep their options open just to see what happens. However you end up getting nothing in return. It is far more rewarding to commit to a relationship than to just play the filed and see what develops.

One of my favourite bands The Tragically Hip said this is “No dress rehearsal, this is our life”. We don’t get another chance at this, commit fully & completely ( yes another Hip reference) and give it your all and you will be much better off in the end.

Today I am thankful for discovering new perspectives from new books, having my favourite songs stuck in my head and reaping the rewards of being fully committed and not turning back.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Tune-up

Just like your vehicle requires regular maintenance, so does your body and your finances. This is because what you don’t maintain and tune-up will eventually fall apart. While a lot of people love the drive the latest and greatest cars & trucks out there, there are still many who maintain and take care of vehicles that are 10-20-30 or more years old.

The same applies to your physical body. There are many in their 50’s, 60’s and 70’s who are happy, healthy and still going strong day in and day out. This is a one way trip and we have one body to take us through it so we must take care of it so we have lots of quality to our years.

As for your money, while it’s true that you can always make more unlike with time, to most it’s like water and they end up wasting it and are left with nothing. This mismanagement of money is is the root of so much stress especially in these times of high inflation where all you need to live costs more. So now more than every is is important to get a tune-up around how you deal with money, and to do that there is nothing better than using YNAB.

Today I am thankful for the quick tune up on my back by my chiropractor, that I am learning to eat when I need to rather than when I feel like it and calling at the right time to help clients talk though issues that came up.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Inflation Rate update 01/17/23

The numbers have just been released and our inflationary rate dropped from 6.8% in November to 6.3% in December. This is .1% below expectations. This is just proof that we are headed in the right direction but will it be enough for the Bank of Canada to put a pause on future rate increases. We won’t have the answer on that till next week when the Bank meets on Wednesday January 25 to tell us what they are going to do.

Note of caution that we are still well above the 2% target rate for inflation and also still up from the 5.1% rate that we had in January of 2022. All in all we should be pleased that for the past 6 reporting periods the rate has come down from the high of 8.1% achieved in June of 2022. If we keep this up we may still achieve the soft landing that the BOC has been talking about rather than a hard landing which a recession would bring.

Today I am thankful for the inflation rate coming down from it’s peak last year, starting to notice the results since I have dialled up the intensity in my workouts and a new book with some new perspectives.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Foreign Buyers

A ban on Foreign Buyers commenced on Jan 1st/2023. This prevents non citizens and non residents from purchasing real estate here in Canada for a period of 2 years. This was passed as part of C-19 on June 23 of 2022. The purpose of this was to cool our hot housing market. However I don’t think it was needed as the rise in interest rates have taken care of that.

The law does state that anyone who knowingly assists non Canadian’s in purchasing real estate can be fined up to 10,000 for the offence. While nobody wants to receive such a fine, we are still waiting for the full explanation of the regulation, and I will do my best to explain what has been provided thus far.

There are some exceptions as outlined in this government publication.

  • Properties outside of Census Metropolitan Area (CMA) or Census Agglomeration (CA) To put this in common language, rural properties with populations less than 10,000 are exempt.
  • Recreational Properties like cottages ( outside of CMA or CA)
  • Vacant Land within large urban centre’s that has been zoned residential
  • Indigenous peoples
  • International Students on the path towards permeant residency
  • Those who are on work permits residing in Canada
  • Individuals fleeing international crises
  • Accredited members of foreign missions in Canada

It took a lot of digging to find this information, and if you still have questions it will be best to direct those to your Realtor or your lawyer representing you in your transaction.

Today I am thankful for a quiet stormy day yesterday, a great book to help fill my day and a very playful puppy who kept us busy if we sat down too long.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Superstitious

There are those among us who believe that Friday the 13th is unlucky. I believe the exact opposite. I believe it’s a very lucky day comes along only once or twice a year. However we also tend to get exactly what we focus on, so if you believe that it’s an unlucky day then that is exactly what will happen to you.

Use today as an opportunity to change your perspective and see all the things that are working out in your favour. Take a few minutes and add up everything that you can and are thankful for and then you will realize just how lucky you really are, Friday the 13 and all.

Today I am thankful for my girls who have been calling to check in on us without asking for anything, Clients who come back for me to help them again and that my back feels better after some stretching.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here

Overwhelmed

Let’s face it from time to time, we all get overwhelmed. There are too many items on our to do list, our credit card balance is too high, the kids need new clothes, the car needs to be fixed and the roof is leaking. When will it all end? So it’s easy to believe that it’s too much to handle.

The best way to look at this and it doesn’t matter if you are 55 or 25, we can all look back on the struggles that we have had in the past and realize that we overcome them all. You have never failed to get through the day before so it’s highly unlikely that it is going to start now.

Don’t think of the 12 things that you feel like you need to accomplish before next Tuesday or the bills that are due the end of the month. Next month, next week and tomorrow have not happened yet, focus on one task at a time. Specifically what do you need to accomplish today and focus on one small win at a time. Sooner or later you will have noticed that you accomplished more than you thought that you could. All we have is this one moment, everything else does not exist yet. So do the best that you can with the moment of now and everything else will work out.

“Life is either a daring adventure, or nothing”. Helen Keller

Today I am thankful for a cold but refreshing run this morning, unexpected good stories discovered at my local library and the therapeutic nature of writing down your thoughts on a daily basis.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here