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Tuesday, April 21

STINKY GARBAGE DISPOSAL

Becky Harris

Does this sound familiar? You’ve cleaned your kitchen to spotless hygienic perfection, but you catch a whiff of something rotten every time you pass the sink. There’s a piece of something you threw down there and ground up days ago that’s stuck in the garbage disposal, and the smell only gets worse no matter how many times you run it. Inspired by recent events in my own kitchen, I reached out to three experts to get their advice on how to de-stinkify the garbage disposal.

Monday, April 20

IMPORTANT DATES FOR YOUR FAMILY IN BURLINGTON

April 22, 2015 all-day

Earth Day…check back for more details.
April 24, 2015 – April 25, 2015 all-day

This is a PA Day for students in the Halton Catholic District School Board and Halton District School Board. There are always many PA Day camps, activities and events available for your children. Check our calendar now!
Sylvan Learning Edge Bash @ Sylvan Learning Centre - Burlington
April 25, 2015 @ 1:00 pm – 4:00 pm

Join Sylvan Saturday, April 25th for their free EDGE BASH! Stop by the centre to learn more about our exciting new programs based on Robotics, Coding and Math Edge. We’ll have hands-on activities and demos[...]
Victoria Day @ Bronte Creek Provincial Park
May 18, 2015 all-day

Fondly referred to as the first long weekend of summer! Celebrate Queen Victoria’s birthday at Bronte Creek Provincial Park by spending time on the farm with the animals, playing games and baking like pioneers!
Car-Free Street Festival @ Appleby Line Between New St. and Fairview St.
May 31, 2015 @ 1:00 pm – 5:00 pm

Car-Free Street Festival is a festival hosted on Appleby Line between New St. and Fairview St. It is bringing families and neighbourhoods together by making the streets come alive with activity in Appleby Village. There[...]
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June 5, 2015 – June 6, 2015 all-day

This is a PA Day for students in the Halton Catholic District School Board and Halton District School Board. There are always many PA Day camps, activities and events available for your children. Check our calendar now!
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Kite Fesitval @ Brant Hills Community Centre
June 7, 2015 @ 11:00 am – 4:00 pm

Build a kite or bring your own and help fill the sky with colour. Free family fun, entertainment and vendors at Brant Hills Community Centre. Kite building materials available, while supplies last!
Sound of Music Fesitval @ Spencer Smith Park
June 13, 2015 – June 21, 2015 all-day

Join the fun at the annual Burlington Sound of Musical Festival on June 13th and June 20th and 21st! Sponsored by Tim Horton’s, it is Canada’s Largest Free Musical Festival! With a variety of musical[...]
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Movies Under the Stars @ Various Parks
July 9, 2015 @ 9:00 pm – August 20, 2015 @ 11:00 pm

Movies Under the Stars….come on out and see a variety of movies under the night sky! Starts at DUSK! July 9 – Nelson Park July 16 – Aldershot Park July 23 – Civic Square July[...]
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Sandcastles Festival @ Beachway Park
August 8, 2015 @ 10:00 am – 5:00 pm

Enjoy the fun at Beachway Park and show off your creativity while building your very own sculpture on the beach. Register to participate and win great prizes.
Children’s Festival @ Spencer Smith Park
August 16, 2015 @ 10:00 am – 5:00 pm

Head to Spencer Smith Park to enjoy free sports-themed activities, including live entertainment, play zones, inflatables, crafts, themed shows, kids’ marketplace and more at one of the Top 100 Festivals and Events in Ontario.

Thursday, April 2

Align Investment Strategy with Mortgage Financing


By Dalia Barsoum



With the recent unexpected reduction in Bank of Canada’s overnight lending rates, we are getting tons of inquiries from investors regarding how the lenders’ rates are impacted and where the best rates for investment properties can be found.

While many lenders are starting to incorporate the Bank of Canada rate reduction into their offerings to consumers (which is great news), I would like to emphasize the importance of looking at rates as secondary to the approval compared to the primary reason why you should get your deal approved with a particular lender.

Let me demonstrate through the story of Megan, one of our successful investors, who was looking to refinance one of her properties to purchase another investment. A few years back, she went straight to her bank and locked into the lowest five-year fixed mortgage product available on the market. Unfortunately, blinded by the low rate, she did not pay much attention to the fine print that indicated the mortgage was completely closed for the full-term and that it could not be refinanced. Megan’s only options for equity was to find a lender that would approve her for a secured line of credit – in second position – or obtain private funding.

While mortgage rates are a very important variable in the financing formula, they should be secondary to obtaining the right mortgage product that aligns to your investment strategy. For example:
  1. Rent-to-own
As a rent-to-own investor, you need to focus more on matching the mortgage term to the lease option term and/or going with a variable-rate option. This way, you avoid any hefty penalties that may arise at the time of sale to the tenant-buyer, perhaps from breaking a mortgage term before its maturity.
 
  1. Renovate and flip
If you plan to renovate run-down properties and flip them over a short-time period for profit it is important to keep your options open to avoid any large mortgage penalties at the time of sale. Going with an open mortgage for this particular strategy works best.
 
  1. Renovate and refinance
This strategy is similar to #2 but you would be looking to refinance the property – a few months after the renovations are complete – to re-invest again, while renting the current property. With this strategy, you need to focus on keeping your options opened in anticipation of a refinance (ie. going with an open-rate mortgage, variable rate or a line of credit, or going with a short-term fixed mortgage of one year or less).
 
  1. Buy and hold
An ideal product for investors who purchase under this strategy is a re-advanceable mortgage product because this product allows the investor to tap into equity in a very efficient manner without having to go through the hassles of approvals and appraisals. As investors pay down the principal on the mortgage, they get access to any paid-down principal in the form of a secured line of credit.