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  1.  

    May 2015 Bank of Canada Prime Rate Announcement

    May 2015 Bank of Canada Prime Rate Announcement

      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 27th, 2015 the Bank of Canada did what we expected them to do … they continue with an overnight rate of 0. 75%.    What this means to you is that once…
  2.  

    Putting the Romance into Mortgage Financing

    Putting the Romance into Mortgage Financing

    February's Newsletter Article of Interest (sent out February 15th, 2013): In the spirit of Valentine's Day, let's take a look at how to keep the romance between you and your mortgage.   I often think of going to a "branch" to get the perfect mortgage is like going to the Bar to find true love.  They offer the promise of the access to the best rates and a convenient one-stop shop for all 'your banking needs' only so they can 'trap' you into a life long…
  3.  

    2013 Calgary Home + Garden Show

    2013 Calgary Home + Garden Show

    While it’s not quite gardening season yet, it’s certainly the time to start thinking about it, and the Calgary Home + Garden Show is the perfect place to get started!  The show – which features all things gardening, renovating, home products and services, and more – is coming to the BMO Centre from February 28th to March 3rd, 2013. Don't miss over 650 exhibitors with tons of ideas for all of your home and garden needs!  Must see features this year are the aLounge where you can…
  4.  

    CBC's Busting the Banks

    CBC's Busting the Banks

    CBC's Marketplace puts the spot light on banks in this broadcast: "Busting the Banks": Episode 15 of the 40th Season.   Last month, I shared the Globe and Mail Article: "Banks tighten their squeeze to extract fees" which covered the cost of 'disloyalty' fees for breaking your mortgage but CBC does a great job of digging deeper to confirm three main areas of concern: Increased Banking Fees Investment Fees Collateral Mortgages (main topic for this…
  5.  

    2012 Recap

    2012 Recap

      2012 Recap and New Year Resolution   Wow, that was fast!  Seems 2012 went by in a breeze this year with the ongoing projects I had my sights set on!  My husband and I started the year right with our Honeymoon Sailing Adventure in the Lesser Antilles of the Caribbean for a whole month.  As a side project, I have yet to complete putting my journal and photo's together for a little memoire book but I'm nearly there.  Thanks to all our friends and family for making this…
  6.  

    Banks tighten their squeeze to extract fees

    Banks tighten their squeeze to extract fees

    Banks tighten their squeeze to extract fees   Happy New Year!  As the mayans are saying, Welcome to a new Era!  As we look into an exciting new year, we are working to endeavour our new savings goals, fitness regimes and keeping pace with the everchanging world that we live in. This blog posting is focused on what our banks are doing to keep up their profits and retain your business.  Good to know information since it is likely to become a banking standard across many other financial…
  7.  

    More Clarity on the Latest Mortgage Rules Tightening

    More Clarity on the Latest Mortgage Rules Tightening

      More clarity on the latest about mortgage rules tightening:     I believe in what Don R. Campbell has to say and he does a fabulous job of explaining how this change will benefit our Country in the long run, Thanks Don!     Click here to view the Video [It's a quick & to the point video - 5 min]   Here is also a great Resource from the Department of Finance Canada.  It's their FAQ's on the recent changes and how it will concern you if you have already obtained…
  8.  

    Buying a Rental Property? What you should know

    Buying a Rental Property?  What you should know

    I have been in the industry of owning and financing Rental Properties for over 10 years now and I can confirm from my own experience that the rules are certainly getting tighter and the lenders are certainly getting stricter on what they require of the investor/landlord.  My husband and I collectively own a portfolio of over 100 doors and certainly know the challenges involved especially because we are self-employed.   Feel free to 'pick my brain' on how your portfolio is…
  9.  

    Mortgage Rules Tightening - Effective July 9th, 2012

    Mortgage Rules Tightening - Effective July 9th, 2012

      Hello Everyone!   News is flying everywhere about the new mortgage rules tightening (again) set out from Flaherty today. . . You can read up on it the National Post article: 'Ottawa tightens mortgage rules to avert household debt crisis';  But what does this all really mean?   Ultimately, the federal government is working to cool an overheated housing market and rising of household debt levels and I believe ultimately to keep interest rates at a low to hedge inflation. …
  10.  

    5 Reasons to pay off your debt ASAP

    5 Reasons to pay off your debt ASAP

    In some cases, it’s easy to become complacent about debt. After all, many times the individual payments are relatively low and often affordable. Many people don’t start feeling real stress about debt until it starts becoming unwieldy. Even then, it’s difficult to really buckle down and pay off the debt as fast as possible.   If you really understand how paying off your debt quickly can impact you you will be more inclined to tackle your debt ASAP. Here are 5 reasons to pay off your…
  11.  

    2011 Recap

    2011 Recap

      2011 Recap   What an incredible 2011!  Thank you to all of my clients, friends and family for making it a remarkable one.  We all have felt the crunch of the market these past few years and while every year we hope it will look up from the last, I'm happy to say that 2011 panned out even better than I had anticipated!     Perhaps it may have a little something to do with my husband and I getting married this Fall, or maybe it has everything to do with the different outlook…
  12.  

    Destroying Mortgage Myths

    Destroying Mortgage Myths

      Independent brokers are fully licensed and work for either an independent mortgage brokerage company or have their own independent companies. Brokers access the entire mortgage market to get the best mortgage for the client. Being independent means brokers will recommend mortgage products based on the individual needs of the client, not the needs of the bank. Myth: All mortgage brokers are created equally There are many kinds of people that process mortgages. Bank representatives…
  13.  

    Introducing your new portfolio pie!

    Introducing your new portfolio pie!

    Are you considering which investment(s) will have a positive impact for your financial future?   We all work very hard. . . practically slave away all day at work to pay down our debts while stashing away what we can for our family's future and our retirement.  Some play it conservative considering GIC's, mutual funds, savings bonds, etc. whereas some may be considered high rollers where they engage in stocks and private equities.   All in all, every one has their opinion on the…
  14.  

    HELOC Changes Confirmed - What's the impact so far on today's market?

    HELOC Changes Confirmed - What's the impact so far on today's market?

    Over the last couple months, I’ve been talking a lot about the mortgage rule changes that both Jim Flaherty and OSFI introduced.   Inevitably, this was going to affect the housing market. The Change: Effective September 4th, 2012 - the maximum loan-to-value for HELOC's is 65% down from 80%. It’s simple economics:  The rules would filter out (or at least sideline) buyers that: Carried higher debt ratios, Could not afford the payment that came with a 25 (instead of…
  15.  

    MORE CHANGES! OFSI Introduces More Guidelines!

    MORE CHANGES!  OFSI Introduces More Guidelines!

      More Changes! Subsequent to article outlining Jim Flaherty’s changes, the Office of the Superintendent of Financial Institutions Canada (“OSFI”) have introduced more guidelines that have the compounded impact equivalent of a 1+% rate increase.   On a positive note, the final underwriting guidelines are a lot more reasonable than the original proposal, which included conditions such as: Re-qualification on renewal Inclusion of home insurance in total debt service…

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Calgary, Alberta T2M 3Y7
Phone : 1 (888) 378–2821 (Toll Free)
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  1. Recent Bulletins

  2.  

    18 Feb

    Canadians pay the most in banking fees in the World!  Marketplace broadcast to Canadians interviewing the banks and families on just how much money…

  3.  

    21 Jan

    Welcoming all my clients, friends and family to a Happy New Year and a bright exciting new Era!  Click Here to check out my 2012 Recap and 2013…

  4.  

    21 Jan

      Armchair Landlord Event Announcement   Wanna be a Landlord or own Revenue Property but don't want to do the grunt work?   Come…

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