Tag Archive for: mortgage broker

The Best Time

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 … Read more

Rate Announcment Jan 2023

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 … Read more



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 … Read more

Burn Your Bridges

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, … Read more



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 … Read more

Inflation Rate update

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. … Read more

Foreign Buyers

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
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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 … Read more



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 … Read more

Delayed Gratification

Delayed Gratification

We live in a very hedonistic society where everyone wants and believes in instant gratification. However it’s those who believe in and work towards delayed gratification are the most successful and happiest among us.

Instant gratification gets you a vacation with friends in Vegas at the last minute put on your credit card. Polished off a pint of ice cream, a bag of chips & a box of chocolate watching Netflix. A shopping spree and a night out on the town with friends because you just got paid.

However delayed gratification will get you a fat investment account that will pay you dividends for years to come. Physically fit and healthy compared to your peers who took the easy way out. Lastly you are better paid and have higher income than those who didn’t or wouldn’t put in the work. … Read more