Save 25% on your energy bills + What $2 Million buys across Canada

How to beat the heat and save 25% on energy bills	June 2012

The Bank of Canada suggested in April that interest rates could be on the rise, but the latest announcement maintains prime at 1%. However, it's important not to let your debt get out of control. Rob Carrick recently wrote an article about why we should beware of low interest rates.

The Globe also published a piece illustrating what $2 million buys across Canada, and you'll find the link below, along with an article that may help you save on your energy bills this summer and good information about why some people are being more aggressive about paying off their mortgages.

Please click here for my latest mortgage rates!

Michelle

Michelle Brienza, AMP (Lic # M0806298) Senior Mortgage Agent Lending Logic Financial Inc.(Broker # 11782) Direct: (416) 410-5761 Fax: (416) 410-5761
www.michellemortgages.ca
michelle@michellemortgages.ca

Wary homeowners paying off mortgages faster

Canadians are "well positioned" to weather a rise in interest rates and are heeding the warnings from Ottawa about the risks of being house poor, according to a new study that provides a fascinating glimpse of mortgage indebtedness.

Some 83 per cent of Canadians have at least 25 per cent equity in their homes and homeowners are making significant efforts to get out of debt early with 23 per cent increasing their monthly payments, 19 per cent making lump-sum payments and 10 per cent doing both.

Click here for complete article

What's on the market for $2-million?

The Globe's personal finance team sifted through MLS to see what is listed for $2,000,000 across Canada.

Click here to see what $2 Million will buy you, from a simple home in Vancouver to a mansion in St. Andrews, Manitoba.

Contact Me

Michelle Brienza
email
website
Phone: (416) 410-5761

Selling a house: Can you evict a tenant?

One common question asked by landlords are the rules that surround the sale of their property and tenants. The main question is "Can I evict the tenant before I sell, so that I can fix it up?" The short answer is no.

If you want to sell a rental property, the first issue is does the tenant have a lease? Let's say there is a lease and the tenant has eight months remaining. They cannot be evicted before the end of their lease, just because you want to sell.

Click here for the full article

How to beat the heat and save 25% on energy bills

Things are heating up, folks.

Most of us love the warmer weather. We count down the days until we can say, "Man, is it hot." But as soon as the temperature rises, a lot of us crank our air conditioners into overdrive.

If you can't take the heat, there are different ways to keep your home cool over the summer. Not only do they work, but they're easy on the wallet and the environment - I love it when that happens.

Click here for the full article