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Sounds impossible, right? How can you earn over $100,000 a year and still not have enough to cover your bills? It’s actually much easier—and more... Read More

Most of us dream of becoming a millionaire. But how many of us actually put a plan in place to make it happen? Here’s a... Read More

Good morning As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is... Read More

Like many drugs, credit cards are addictive and expensive. Sure, you may think you’re beating the system by always paying off your balance on time... Read More

Your credit report is a snapshot of your financial situation. Understanding how to read it and what it’s based on can help you manage your... Read More

The length of time it takes you to pay off your entire mortgage is called the amortization. Most Canadian mortgage holders choose a 25-year amortization.... Read More

Buying an undervalued house that needs work, fixing it up, then selling it at a profit can be a great way to make money. But... Read More

Good morning  As you know, your variable rate mortgage, line of credit and/or student loans are all based on  the Prime Rate and here is your personal update from me on the recent Bank of Canada  announcement on changes to their Overnight Rate which in most cases impacts your Prime  Rate. At 10:00 am EST, Wednesday May 25th, 2016, the Bank of Canada maintained their overnight  rate which in essence means no change to the interest rate on your variable rate mortgage, line  of credit and/or student loans.   This is still good news for the amount of interest that you will  pay, but we also have to recognize that it is a reflection of the slow economy. So summer looks like it is finally on its way with the weather warming up; are you thinking of  some renovations or consolidating some debts that don’t seem to be going away anytime  soon!   It is never too late, or early, to start planning for the future especially as rates are still at  historical lows!   Chat to me about your options … I’d be happy to make those plans into reality  and save unnecessary interest along the way. To continue with the Bank of Canada news, here is an excerpt of the announcement and what  they had to say about their decision today: “The global economy is evolving largely as the Bank projected. In the US, despite weakness in  the first quarter, a number of indicators, including employment, point to a return to solid growth  in 2016. In Canada, the economy’s structural adjustment to the oil price shock continues, but is  proving to be uneven. Growth in the first quarter of 2016 appears to be in line with the Bank’s  April projection, although business investment and intentions remain disappointing. The second  quarter will be much weaker than predicted because of the devastating Alberta wildfires. The  Bank’s preliminary assessment is that fire­related destruction and the associated halt to oil ... Read More