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The Mortgage Monitor |
October 2011 | |
 Hello and a Happy Halloween to all!
While the rest of the world is going through their own turmoil, things at home remain relatively stable, however, will likely start to slow down next year. The good news for people with mortgages is that interest rates will remain low for quite some time to come. See my rate sheet for the current rates.
As always, I am committed to educating people about buying real estate for investment purposes as a way of diversifying their current investment portfolio.
For those of you with children, check out the article for some Halloween Safety Tips for Kids!
Enjoy the read.
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Bank of Canada holds key lending rate at 1% in October
As expected, the Bank of Canada held its target for the key lending rate at 1% Tuesday.
The prime rate, the basis for variable mortgage rates, is expected to remain at 3%. The key lending rate has remained at 1% for a little more than a year.
The Bank of Canada cited a weakened outlook for the Canadian economy since July, expected slowed growth through 2012, and softer core inflation than expected in making its decision to hold rates.
Click here for the full story |
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Halloween Safety For Kids
Prepare for an invasion! Little ghosts, witches and superheroes will swarm our neighbourhoods on October 31, but don't be haunted by Halloween safety concerns. Here's a grab bag of tips to keep your kids safe on the spookiest eve of the year. DRESS TO SEE AND BE SEEN Choosing a Halloween costume for your kids that's both fun and safe doesn't have to be tricky. According to Valerie Powell, Communications Program Coordinator for Canada Safety Council, the first concern for parents should be - can my child see properly? "We recommend kids use make-up instead of masks because they can block vision," she says. Crossing the street, climbing stairs and avoiding tripping hazards can be difficult and dangerous with a mask. Make-up eliminates this worry.
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Contact Me
 
Michelle Brienza
email
website
Phone: (416) 410-5761
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Real Estate Investor Seminars: Tuesday November 1st and Thursday November 10th
On the evening of Thursday, November 10th, you are invited to attend our final real estate investor's workshop for 2011.
You will learn how to prepare for and protect your financial future, given our current economic volatility. The information shared with you in this workshop will transform your thinking and help you to develop new habits to change your way of thinking about spending and investing which will, if acted upon, ensure your financial security for the rest of your life.
Click here for more information on the November 8th seminar and click here for the seminar on November 10th. |
How self-employed can easily get a mortgage
According to Industry Canada, about 16 per cent of the workforce was self-employed workers in 2010, about 2.7 million people. Some are likely looking at low mortgage interest rates and thinkning about buying a home.
It can sometimes work against you in a mortgage application to be self-employed. Marcy Berg, a mortgage broker at Mortgages For Women, says the main reason isn't what you do for a living, but the lack of proof of income in the form of tax records.
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Vintage photos of Toronto at night
Blogto.com has gone through the City of Toronto archives and selected some of the best they found of Toronto at night, from 1910 to the 70s. There are some great shots here! |
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