Retirement The Final Frontier

Many of us remember those iconic words that were spoken by Capt. James Tiberius Kirk from on board the USS Enterprise. His monolog was a staple in the minds of all who had the pleasure of watching Star Trek. Well, today William Shatner the actor who portrayed Capt. Kirk is 85 years old and has…

The Hidden Trap of Mortgage Penalties

A couple of weeks ago I had a client tell me that his bank advised him that all banks calculate penalties the same way. Well although on the surface banks will use similar methods to calculate the penalty. What differs is what rates they use to determine the penalties. Many don’t realize this but virtual…

CMHC Increase Premium By 31%

On April 2nd, 2015 the CMHC conducted its annual review of the various products and services that it offers and it found that the largest group of defaulting mortgages is those who put a down payment of less than 10%. With these findings, they now have decided to increase once again the amount charged to home buyers. This is…