by Robert Stanfield | Nov 15, 2016 | Announcements, Blog, Economy, Homeownership, Mortgage
Well, after many years of unprecedented low interest rates in Canada, it appears the Canadian government by way of rule changes, and the American government by way of Trump, are impacting mortgage rates. Simply put, the Canadian government has recently made it more...
by Robert Stanfield | Nov 8, 2016 | Blog, Economy, Finance, Mortgage
Although the recent changes to mortgage qualification introduced by the government were intended to create stability in the Canadian housing market, the unintended consequences might have been to make the waters a little muddier. For the first time, it looks like...
by Robert Stanfield | Nov 1, 2016 | Blog, Finance, Guest Post
By Sandi Martin of Spring Personal Finance. The point: it doesn’t matter what method you use to pay off debt, or if you use any method at all. What matters is that you stop creating new debt. It’s out there: the mathematically precise, strictly rational formula for...
by Robert Stanfield | Oct 25, 2016 | Blog, Homeownership
You’re on “the grid” Every few weeks, we open our mailboxes (or our email inboxes) with bated breath. Inevitably, we find another heap of utility bills, waiting to separate us from our hard earned dollars. This is not unusual; this is simply part of...
by Robert Stanfield | Oct 19, 2016 | Announcements, Blog, Mortgage
With all the recent government activity meant to bring stability to the Canadian housing market (read cool down Vancouver and Toronto), its no surprise that the bank of Canada has decided against making any drastic changes to the overnight rate in their announcement...
by Robert Stanfield | Oct 11, 2016 | Blog, Productivity, Video
Chris Bailey from A Life of Productivity was recently asked to give a presentation at TEDxLiverpool, here it is in all it’s YouTube glory! Chris has been obsessed with the subject of productivity for more than a decade. In this talk, he argues that productivity...
by Robert Stanfield | Oct 3, 2016 | Announcements, Blog, Economy, Homeownership
This morning, Finance Minister Bill Morneau announced new housing measures, changes meant to alleviate risk in Canada’s current housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress...
by Robert Stanfield | Sep 20, 2016 | Blog, Economy, Mortgage
Before reading this you should be warned that the following content is pretty dry… like eating 8 saltine crackers without drinking water dry. If you need to go and get something to drink before proceeding, no worries, we will wait here. Take your time. The...
by Robert Stanfield | Sep 13, 2016 | Blog, Homeownership
In an article I recently published called “Is Now a Good Time to Buy?” we identified that interest rates are at all time Canadian lows and as it’s never been cheaper to borrow money, now is a good time to buy property. In no way was it being said...
by Robert Stanfield | Sep 7, 2016 | Announcements, Blog, Mortgage
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global growth in the first half of 2016 was slower than the Bank had...
