Ray Rochefort, Broker DLC Forest City Funding
1 Commissioners Rd E # 109 N6C 5Z3 London, ON, Canada

https://www.ctvnews.ca//key-mortgage-stress-test-rate-ease

Do you know your ZEROS!!! The Canadian Government Operating Deficit for 2020 is $343 Billion. That’s how much extra the Government spent after collecting all the taxes and duties from everyone.... It’s like being overdrawn on your bank account!!! Canada's National debt is $1.2 Trillion (That’s our mortgage) How many Zero's is that? There are 1000 million in a Billion $343 Billion = $343,000,000,000. There are 1000 billion in a trillion $1.2 Billion = $1,200,000,000,000. There are 15.5 million workers in Canada and our population is about 38 million. So every worker would need to pay about $22,000 to pay off the current deficit. OR.. Every worker has overspent his bank account by $22,000!!! Every Canadian owes a portion of the $1.2 Billion Every person including all children owes $31,578. As a child is born, he/she has a debt of over $31000 Welcome to the World!!! Now these are extraordinary times but at some point, we need to stop spending more money than we make. The regular deficit for 2020 would have been about $34 Billion. Sounds small doesn't it? $34,000,000,000 That means that the Government would have spent $34,000,000,000 more than it collected from Taxes, GST, Duties etc. For every worker, that's extra spending of about $2200/year that they have not paid back. For every Canadian, that works out to about $900 That means , after you’ve put all your earning in the bank and paid all your bills, at the end of the year your $900 short! Well that’s what it was supposed to be now it means that your $9000 short!!! The Government has a few choices 1. Raise taxes for each working Canadian by $2200 2. Raise taxes to the 1.3 Millionaires Canadians by $26,000 3. STOP SPENDING MORE MONEY THAN IT BRINGS IN! What's your preference?

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https://business.financialpost.com//bank-of-canada-cuts-ra

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London ON one of most affordable cities in Southern Ontario. Vancouver one of the most expensive!

Get your mortgage from a bank and you may be penalized heavily if you break your mortgage! As a mortgage broker, I always caution my clients about the way that some lenders calculate the mortgage penalties. Mortgage companies are 'fair penalty lenders' while banks are not! https://www.theglobeandmail.com//article-big-banks-prepay/

How to get your credit score to increase!

First-Time Home Buyer Incentive explained. Get up to 10% of the purchase price from the Government with no payments and no interest! Contact me anytime if you'd like to see if you qualify or if you have any questions. https://www.placetocallhome.ca//first-time-homebuyer-incen

Check to see how your city is doing. London Ontario shows the highest increase in Canada!