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Is the Gov’t Stalling on Your Tax Return? Here’s How I Handled it!

Blog Image, CRA, September 2018

Did you file your 2017 taxes on time, yet your NOA is MIA? If so, you’re not alone!

I’ve had this happen with a few of my clients… as well as with my own tax return! That’s right! My accountant filed my personal tax return in April… and for months, I didn’t receive my NOA. Every time I called the Canada Revenue Agency (CRA), they either told me it was coming, they were working on it, or they reminded me they have up to four months to complete the return (FOUR MONTHS!?)!

Well, four months passed… and still nothing! Continue reading “Is the Gov’t Stalling on Your Tax Return? Here’s How I Handled it!”

Looser Mortgage Standards Hit the UK! Is Canada Next?!

Home Finances

There’s nothing surprising about the loosening of mortgage standards to spur growth. In the last real housing bubble of 1990, banks and government brought in stricter lending rules, making it tougher for borrowers to get a mortgage.

Fast forward to the present. We’ve yet to see a housing bubble or market crash, but the government has taken drastic – perhaps even unheard of – precautions to slow the housing market.

In 1990, I was working for the largest trust company in Canada. I can tell you that it has never been harder to qualify for a mortgage than it is today!

Continue reading “Looser Mortgage Standards Hit the UK! Is Canada Next?!”

Honoured to be rated among Top 3 Best Mortgage Brokers in Burlington!

mortgage_brokers-burlington-2018-drk

I truly love what I do, so being recognized as a top performer is just icing on the cake for me!

I’m honoured to be named among the Top 3 Mortgage Brokers in Burlington by Three Best Rated®, which identifies a city’s top three local businesses, professionals, restaurants and health care providers.

Continue reading “Honoured to be rated among Top 3 Best Mortgage Brokers in Burlington!”

Six Months was What it Took to Absorb Latest Mortgage Changes!

Blog Image, Adjust to Change, August 2018

Ever since the US 2008 sub-prime mortgage crisis, we’ve seen a never-ending string of change. Mortgage lending rules have become tougher and tighter. Underwriting is stricter and more thorough. (As usual, the government has not missed an opportunity to stick their nose into your business by making lenders ask for more income documentation.)

The rule of change is that it takes around six months for consumers to adjust.
Continue reading “Six Months was What it Took to Absorb Latest Mortgage Changes!”

Looking to boost Cash Flow? New Flexible Mortgage could be a game-changer!

Blog Image, Interest Only Flex, July 2018There’s a great new flexible interest-only mortgage product that could prove beneficial for a number of borrowers, including first-timers, real estate investors, professionals, seasonal workers and others looking for lower monthly mortgage payments.

Designed to help borrowers increase monthly cash flow by providing maximum flexibility, this product can be used for both purchases and refinances.

I recently tried this product out and was really impressed!

Continue reading “Looking to boost Cash Flow? New Flexible Mortgage could be a game-changer!”

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