Just received a message from Ritchie Simpson "The Mortgage Guy" at CENTUM Advantage Financial Group Inc about new rates coming...with this and programs such as the First Time Home Buyers Credit...this could be just what you need
Hi all,
So, The Bank of Canada has lowered the Over Night Rate again to 0.50% yes, that's right 1/2 of 1%. According to the media Canada's chartered banks ...
Posted by Joel Ives
on March 3, 2009
With all things going on with the media (more US but Canada is catching up) with words like bailout, stimulus, foreclosures, etc I wonder where it all went wrong ??? Sure there are lots of explanations with financial situations such as price of oil, selling off of mortgages, the NASDAQ, stock market, etc it all seems to be tied to confidence. It comes down to confidence in your job, your investments,the ...
Posted by Joel Ives
on March 1, 2009
Ever since the budget was announced I have been trying to find info on the first time buyers tax credit which is part of the Canadian economic stimulus plan. I have gone on to the widely marketed www.actionplan.gc.ca and couldn't find it so after some "googling" found the below info from the budget document it is a bit down from this page.....hope it helps. There is lots of information to digest ...
Posted by Joel Ives
on February 23, 2009
The Federal Government released the 2009 budget this week and it contained some interesting items....I am not an accountant so I will not analyze how the whole budget will affect each person and I am not political so no comments on whether it is good or bad.
I found the below (from Google) info from a KPMG newsletter...all in all money in your pocket is better than money out.
My highlights- 15% ...
Posted by Joel Ives
on January 30, 2009
Ritchie Simpson from CENTUM Advantage Financial Group just sent me the following message.
"Well, if you haven't heard by now the Bank of Canada has lowered the Over-night Rate to a new 50-year low of 1%; the Over-Night Rate is the figure the Bank of Canada uses to signal to Canada's chartered banks what they should do with their lending rates. It appears that the chartered banks will ...
Posted by Joel Ives
on January 20, 2009
Yes we all remember the story of Chicken Little telling everyone the sky is falling and the end was near. Of course if you listened to all the news about the economy we would all believe Chicken Little. Yes the economy is going through a change but you have to look at your own situation as well as provincially and federally. On PEI we are somewhat lucky...we usually do not experience great increases ...
Posted by Joel Ives
on November 25, 2008