Money Matters:  Steady As She Goes

Money Matters: Steady As She Goes

The Bank of Canada has had their share of excitement this year. While there was a big shake up in the mortgage rules this year, there were also big changes to the person in charge of making those changes. The Bank of Canada Governor will be moving on from his position and there will be a new successor.

Jimmy the Renovator: Basement Renos

Jimmy the Renovator: Basement Renos

Whether you are looking to add some family entertainment space, or a place to where you can banish the teenage child, finishing your basement is an investment in time and money. A number of key questions must first be answered before you make the trip to the lumber yard, or call in the renovation professionals.

If your basement is unfinished, conducting a basement renovation is the perfect way to increase your living space and can even increase the energy efficiency of your home during the cold winter months.

“Renovating your basement will allow you to get the most enjoyment out of your home by creating additional liveable space for optimal comfort,” says David Flood, insulation expert at Owens Corning. “A renovated basement will also help increase the value of your home and help you save on energy costs during the cold winter months.”


Jimmy the Renovator: Basement Renos

How’s the Market?

The shift has started. The market has gone from a Crazy Sellers market early this year to a buyers market where prices have dropped a little and will continue to drop. There are many reasons for this drop in market prices.

1. Mortgage Changes a few months ago. A few months ago the mortgage rules changed and many new home buyers and people in the market were shut out. While the interest rates did go up a bit, they have stayed primarily the same.
2. Too many Listings. There were too many listings on the market. At the beginning of the year there was not enough houses for the demand.
Jimmy the Renovator: Basement Renos

Why You Should Buy Your Kids a House

Put your hand up if you have paid for your kids College or University rent!While many people would think that a student loan is responsible for paying for most peoples schooling, the fact is that parents do pay for education. Whether they take out a line of credit, loan or co-sign, it is being paid by a parent in a majority. While paying rent is most peoples option, why not invest in your child and yourself at the same time. 

Why throw money away on paying rent for 4 years. Why not invest in a property and build equity. (more…)

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