Welcome to My Blog

There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon...

A boon for first time home buyers or a cynical election ploy? A new CMHC (Canada Mortgage and Housing Corporation) program designed to make it easier to buy a home would be limited to first-time buyers who earn less than $120,000 a year. On Monday September 2nd the...

1. HELP YOUR CLIENTS DOWNSIZE Many older clients are looking to downsize so that they can pay-off their debt and free up some income for retirement. However, downsizing may require your client to move out of their neighborhood, or move to a much less desirable...

The advantages of a land lease: Land-leasing is a form of home ownership that reduces the capital costs of buying a house. By going this route, residents buy their home and own it outright and lease the land. As a result, the purchase price is often reduced because...

According to a recent article in Canadian Mortgage Trends, by Mortgage Professionals Canada, only half of Canadians are aware of the stress test requirements. While this isn’t necessarily alarming, given that most people aren’t imminently buying a house and don’t need...

Why move when you don’t have to? Today, our aging population, the largest growing demographic, requires all of us to think and plan for our independence - our quality of life as we age. Our society’s infrastructure will be challenged to support the needs of where and...

If the provocative nature of the above headline causes readers some concern, then my job is done! I just want to bring to homebuyers’ and homeowners’ attention just a few of the possible ramifications of the impending Marijuana laws being enacted in July as it applies...

Last month Mortgage Trends received an email from a distraught client who had just received a letter from his mortgage lender letting him know his mortgage maturing in just five months would NOT BE RENEWED! Another family complained that their mortgage lender had sent...

Many of the myths surrounding CHIP Reverse Mortgages have often been as a result of information taken from American experiences and have absolutely no relevance in Canada.  Below, some of the myths that we often hear about, the 'reliable' information sources...

The new Minimum wage regulations may prove costly – and devastating -  for small business owners. What is your contingency plan? Let Terry Lynch show you how to make improvements, update your website, ramp up your advertising to boost sales in advance of the new...