September 21, 2017


Shocking, This All Started 9 Years Ago!

Aug 8, 2017

If I were to ask when you remember the Office of the Superintendent of Financial Institutions (OSFI) making fairly recent changes to the mortgage rules, what would be your guess?  When was mortgage insurance banned on properties over $1 million?  Would you have guessed a couple of years ago?  It was actually 5 years ago! Here’s a brief history of some of those key mortgage rule changes over the past decade: January 1, 2017: OSFI imposed onerous capital requirements on default insurers, thus disadvantaging many bank competitors (and consumers) by jacking up rates substantially on low-ratio insured mortgages. November 30,…

The Facts Behind Our Rising Debt Levels

Aug 1, 2017

We are continually being reminded that Canadians are overextended and in too much debt. So much so, the Ministry of Finance has made getting a mortgage more difficult and changed the rules to qualify for financing. What has recently been discovered is that while this may be true, we have generally borrowed wisely to build our net worth to record levels. Warnings about household debt often ignore assets and skew the picture. The $10.3-trillion in net worth of Canadian households is the result of debt accumulated to finance assets such as real estate and investments, according to a Fraser Institute…

The Art of Mindfulness

Jul 21, 2017

I read a very interesting article about a English teacher in one of the poorest areas of the Bronx teaching his students about Mindfulness.  About being aware of our feelings, our emotions and how they impact us.  About being focused and aware of our surroundings.  The school is known as ‘a transfer school’ designed to re-engage students who have dropped out or fallen behind.  Mindfulness is the ‘act of paying attention on purpose’ with a non-judgemental attitude. The students were taught five-minute mindfulness exercises—from counting breaths and focusing on the sensations of breathing, to visualizing thoughts and feelings, to help train…