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Behind On Taxes?

I am distributing ads currently, that are all about being “Behind On Taxes?”. The calls I am receiving seem to be following a pattern, often with similar questions and concerns. If you are visiting this blog because you received one of my ads, perhaps what follows will put your mind […]

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More Growing Green Lawns & Grass

This is the second installment on grass – the previous post dealt with common items.  Below are things that come up less frequently.  They may be important to someone who is a “grass nut”, but less so to people who simply like to see green in their yard. a) Aeration […]

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Growing Grass

Most of the things posted on this blog have to do with money, but this time of year mostly what is on my mind is my lawn.  I am just itching to get working on my yard – and my grass in particular – and as a lot of people […]

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Mortgages Without Stress-Tests

So how are the new lending “Stress Tests” treating you? If you are here reading this blog, probably not all that well? It would appear you are not alone. Based on the latest statistics, it sounds like this last round of lending tightening is having a huge impact: https://www.thestar.com/business/real_estate/2018/02/22/toronto-new-home-sales-down-48-from-january-2017.html Wow. […]

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Consumer Proposal Vs Debt Consolidation

This time of year, there is a seeming endless barrage of advertisements related to debt.  “BURIED IN DEBT?” “DROWNING IN DEBT?!”  “DEBT RELIEF!”  I see the debt ads everywhere – Transit shelters, Billboards, Bus Wraps, Mailers. The timing suggests to me that many spend a little too freely over the […]

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Money Problems Snowball

This past week I was contacted by a client that had done a private deal back in early 2015. At the time, his finances were a little shaky – lots of unpaid bills, spotty income, periods of unemployment, resulting horrible credit. Because the picture was dark – the deal could […]

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Private Lenders

Just before Christmas I was on a refinance deal for a repeat client. Credit OK (except for capacity), low LTV, income solid but debt load high so the debt service ratios were off the charts. For regular readers of this blog – you know that this is not a problem. […]

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House Prices Falling?

Recently a number of people have wished to discuss how GTA house prices are “falling”. The consistent narrative is this – “they put up taxes on foreign buyers, made it harder to borrow”. One fellow told me that houses in his neighbourhood in Mississauga went from “$950,000 to $750,000 in […]

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