Tag Archive for: mortgage professional

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

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. I know which one I would choose.

Today I am thankful for the result of years and years of hard work, that by waiting the rewards are far sweeter than if you chose the easy way out and the realization that you didn’t mis out on much anyway.

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

Obstacle course

Some people dream that life and success in life for that matter is a straight line from A to B. If it were only that simple. Others have even said that it is a marathon rather than a 100 meter sprint. I think the best analogy is that it is more like an obstacle course.

We have to learn to zig, zag, go over, under or around obstacles that are in the path of our ultimate destination. Remember that where this is a will, there is always a way to overcome any and all obstacles in our path. I hope that you have an amazing day and are able to conquer all the obstacles in your path today.

Today I am thankful for all the new books that come into my life since the holiday’s, all the lessons learned from all the obstacles that I have overcome and friends who helped me out of tight spots so client’s files could close.

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

Mad as hell

Sometimes in order to really reach the point where one has to change then you need to get mad as hell and not be willing to take it any more. This could be about your finances, your relationship, your health or any number of things. You didn’t all of a sudden wake up today broke, lonely and 50 pounds overweight. You let it happen and you are the only one who can do anything about it.

Don’t be confused by thinking that using the power of attraction will be the miracle that fixes it all for you. You have to get off your ass and take massive action to make it happen. Sure thinking positive is a great start, but it’s just that a start, the next step is doing something about it.

Sure there are many things in life that are outside of your control, however you are in full control of your effort and your attitude. So put on that positive attitude and follow it up with massive action and there is not many things that will stand in your way.

Today I am thankful for my home gym, it may be simple but it’s effective, my wife’s two year old laptop which is just what my daughter needs for a course at school and waking up before the alarm goes off.

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

Mr Speaker

For any large group to function as it should then it needs a leader who can speak on its behalf. Without that consensus there is chaos and nothing gets done. Classrooms have teachers, schools have principals, companies have CEO’s and political parties have leaders. All of these positions work well when these leaders have the support of the people they represent or lead.

While it is true that concessions have to be made from time to time, no group can and should be held hostage by a small minority trying to force their opinions and views on the majority. That is not a democracy. However recently it has evolved to the point where those with the loudest voices try to force their point across even if they do not accurately reflect the majority of the people.

For progress to be made then the majority can and should not be silent any longer. People always think that I am just one person what difference can I make. Rosa Parks was one person and you know her name cause she had enough and decided to speak up and make a difference. Malala Yousafzai was almost killed by the Taliban for speaking up about her right to an education. Greta Thunberg is making a difference in how we think about global warming. These are just three but there are many many more. It’s not too late to make your voice heard.

Today I am thankful to getting up to discover that Canada won gold in the World Jr Hockey Tournament, a workout that kicked my ass this morning and for speaking up on matters that are important.

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

Compartmentalize

compartmentalizekŏm″pärt-mĕn′tl-īz″, kəm-pärt″-

transitive verb

  1. To separate into distinct parts, categories, or compartments.

In layman’s terms, don’t let the fact that someone cut you off on the way to work, you split your coffee or your kids or spouse said something that you didn’t like rune the rest of your day. See it for what it was, an isolated incident and move on with the rest of your life.

Today I am thankful for the 3 weeks I got to spend with my girls while they were home for Christmas, an uneventful drive to the airport and now a very quiet house.

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

Always Options

Not much bothers me more than when someone says the reason that they did something that they later regretted is that they had no choice. You always have a choice. It is just sometimes we choose incorrectly.

  • We could chose to read instead of watching TV
  • We could chose to eat healthy instead of junk food
  • We could chose to get up early instead of sleeping in
  • We could chose to stay up late studying or preparing rather than trying to wing it
  • We could chose to do a workout instead of Netflix
  • We could chose to study more instead of complaining why you didn’t do well
  • We could chose to work harder instead of complaining about your boss or co-workers
  • We could chose to learn a new skill instead of saying that it can’t be done
  • We could chose to count our blessings instead of our faults
  • We could chose to take an extra job, longer hours or spend only what we make rather than bankrupsy

Remember that hard choices make an easier life and easy choice make a hard life. It’s up to you to decide.

Today I am thankful for David Goggins latest book, getting up earlier than I planned allows me to get more done and knowing that when you have the will there will always be a way to get it done.

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