by bsmith | Dec 5, 2017 | Casb Management Group Inc., Mortgages
January 1, 2018 will bring another change to mortgage rules that will apply to all federally regulated financial institutions. The changes are to reinforce the expectation that lenders will remain vigilant in their mortgage underwriting procedures. Currently all...
by bsmith | Aug 15, 2016 | Real Estate
These are interesting times for London real estate. A good time to sell in response to increasing demand and increased selling prices. 6,295 residential homes have been sold in London and the surrounding area during the first seven months of 2016. Sales are on pace...
by bsmith | Feb 5, 2016 | Business Financing, Casb Management Group Inc.
According to a recent survey conducted by CIBC, 26% of Canadians consider paying down debt and keeping up with their bills to be their top financial priority in 2016, for the sixth straight year. (Source: Business News Network) As debt continues to be a concern, it...
by bsmith | Feb 1, 2016 | Casb Management Group Inc., Rant
At the beginning of each year, millions of people set their New Year’s resolutions. However, the large majority of people break their resolutions. Instead of setting vague, huge resolutions, you might want to try setting very specific goals and making a plan of how to...
by bsmith | Dec 14, 2015 | Casb Management Group Inc., How I View The World, Mortgages
I reviewed the London Free Press article recently allowing Granny flats in the city and the proposed impact on housing near the post secondary schools. (London to debate granny flat demand http://www.lfpress.com/2015/11/22/london-to-debate-granny-flat-demand). The...
by bsmith | Dec 14, 2015 | Casb Management Group Inc., Real Estate
as seen in the December 10th issue of the Londoner http://eedition.thelondoner.ca/doc/The-Londoner/the_londoner-1210/2015120801/#24 The London-area real estate community is breathing a sigh of relief after the announcement by Municipal Affairs Minister Ted McMeekin...
by bsmith | Sep 18, 2015 | How I View The World
I recently read an article by Adam Mayers in the Toronto Star. The subject was Arlene Dickinson, best known as one of the tough-talking, no-nonsense venture capitalist co-hosts of CBC’s Dragon’s Den. When she was asked what her biggest life lesson was, she responded...
by bsmith | Sep 14, 2015 | Casb Management Group Inc.
Calculating the economic impact of tightening mortgage rules by Bruce Smith It’s harder than ever for those who are self-employed to qualify for mortgages because of changes made over the past five years. These changes to the mortgage rules have been implemented by...
by bsmith | Aug 20, 2015 | Casb Management Group Inc., Rant
I have been very interested to see the polarization in London about the possibility of City Hall’s acceptance of Uber, with the service being adopted in the city without consequences. For the uninitiated, Uber allows consumers to request rides via a downloadable app...
by bsmith | Jul 29, 2015 | Casb Management Group Inc.
I was reminiscing about my first home purchase, a two bedroom, 1.5 story home in Toronto in 1983. I was a 21-year-old full-time university student at the time, but the prospect of paying rent for another year did not make much sense to someone enrolled in a business...
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