Welcome to My Blog

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...

In just over 2 months, Canada's banking regulator launches its controversial mortgage ‘stress test’, probably the most draconian rule change in recent history, aimed at people with heavier debt loads and at least 20 per cent equity. This past week, the Office of...

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...

Happy Birthday #150 Canada! Under the heading: “Where Did The Time Go?”, I reflect with great fondness on my Canadian Experience on the 150th Anniversary of this great country. I was living in Montreal in 1967 the year of the Centennial – having just arrived from...

Recently I was talking to a bank manager friend of mine ‘Jack’ about this current crazy housing market and it presents a picture that is at once dangerous and lacking anything that makes sense! Jack is seeing on an almost daily basis, clients who purchased properties...

Although low interest rates and a vigorous housing market continue to be the norm, Canadians are still saddled with the burden of high debt loads. According to recent stats, the ratio of debt to disposable income rose to 167.3% by the end of 2016. This means that...

Would you: Walk into a store, fill your pockets with merchandise, then walk out without paying? Gas up your car at a service station, then peel rubber without paying? Endorse a cheque payable to someone else then cash it? When filling out a mortgage application...

'Sell to them or you will lose your job': Call centre employees for big banks reveal upsell pressures. Employees say customer calls for help used as opportunities to load them up with more debt. By Erica Johnson CBC News A recent article by Erica Johnson of CBC News...