April 30, 2017

Blog

Now May Be The Perfect Time

Apr 25, 2017

 House values are at the highest level they have ever been and rates are still incredibly low.   Now may be the perfect time to refinance your mortgage.  There are many reasons that you may want to refinance your home to enable you to take advantage of the equity that you have built up.  Here are some reasons for your consideration: Debt consolidation Reduce your monthly expenditures Divorce/separation New business start up Investment into your business Investments into other vehicles or retirement planning Home renovations Second properties Unexpected expenses FEATURES: Refinance to a maximum of 80% loan to value (LTV)…

Some Ways The Budget Could Cool This Market

Apr 18, 2017

In the current housing market, we are all appalled at the crazy increases, how can anyone afford to purchase a home!!  Something has to be done and hopefully in the budget next week we will see some changes to cool the market. I was elated to hear that Ontario Finance Minister Charles Sousa will be targeting real estate speculators and investors, or as he calls them “property scalpers”, which are speculators that resell contracts for pre-construction homes multiple times before closing.  They go into new developments, buy up a slew of properties, and then flip them, while avoiding paying their fair…

Wells Fargo $110 million Settlement Of Fake-accounts Suit

Apr 12, 2017

Wells Fargo just keeps hemorrhaging money over its fake-accounts scandal. It’s already paid $185 million in penalties to state and federal agencies – including a $100 million CFPB fine, the largest penalty of its kind ever imposed. And now the banking giant will have to fork over another $110 million to settle a class-action suit filed by customers affected by the scandal. Wells Fargo found itself in hot water last year when it was revealed that its employees had opened 2 million unauthorized accounts in order to meet sales goals. The bank has announced that it’s reached a settlement in…