“Burn My Mortgage” on W Network

Got wind of an interesting new show on W Network (in Canada) called “Burn My Mortgage”, which puts families who overspend into various challenges (you know, typical reality fare), but will hopefully teach the viewers on how to cut out certain spending habits, and cut down on how long they are in debt for. In the opening show, a family will be mortgage free 14 years sooner if they follow the advice of the show.

The link to the show is here http://www.wnetwork.com/Shows/BurnMyMortgage.aspx and if you want to appear on it, and meet their guidelines, check here http://www.wnetwork.com/BeOnTV.aspx


CMHC - valuable tools for the homeowner

As many of you know, putting down less than 20% on a mortgage usually means you must get your mortgage insured through CMHC, Genworth, or now Canada Guaranty. What many people don’t know, however, is just who CMHC is and how much valuable information exists on the CMHC website for you, as either a potential or current homeowner.

I could give you a rundown of CMHC’s history, but instead will point you to the wikipedia entry which has all the information you would want to know about them.

As for the information I consider valuable, check this out:

Their @home newsletter is http://cmhc.ca/en/co/enews/enews_003.cfm and you can sign up anytime.

They have a great resource section for homeowners. Everything from maintenance, repair, cleaning schedules (dreaded Fall one is coming up), to landscaping, and energy efficiency. Things we either forget about, or put on the “to do” lists that rarely get done.

Resource section is here: http://cmhc.ca/en/co/maho/index.cfm

Have a peek and let me know if you have any questions.


From the Papers… Important news I want to share.

I would like to add links to articles I have found useful for you here, from our local papers (Globe and Mail, Star, and National Post) on housing, the market, rates, and anything other housing-related.

Let’s start with what has everyone talking today:

How To Weather The Real-Estate Chill In Toronto was a great piece by Carolyn Ireland in the G&M this Saturday, dealing specifically with the Toronto market. Don’t pay attention to the comments section (which has me scratching my head at the job of the moderators at the newspaper, or lack thereof).

David Rosenberg argues the Debt Crisis has not ended yet.

The National Post had a funny take on the US Credit Crisis, in Meet the 33-year old who bought the boss’s house, a tale of a young up-and-coming Hedge Fund Manager who ended up buying the house of his former boss at GS.

Finally, an article I’m a huge believer in: Checking up on your mortgage yearly. It’s a sad fact that I hear from people usually when it’s too late or they are in dire need of help. A quick 5-10 minute discussion on your plans, options, and ideas will help alleviate some pains down the road. Email or call me anytime!

Friday August 27th:

Oftentimes when driving through the Bridal Path, I wonder why the City of Toronto has not declared any of the gorgeous modernist examples as heritage homes. (?). Too many of these have been torn down, yet they are a vital part of our history (and in 100 years the surviving ones…

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