Many homeowners—especially those without a mortgage broker—don’t fully understand mortgage penalties. And I get it! Financing a home can be overwhelming. But if you're considering refinancing, selling, making a lump sum payment, or need a way out, read this first.

The Money Machine Seminar outlines a pretty simple program, which if followed, will assure you of a retirement one day that involves both amassed wealth and a substantial cash flow of passive income. And as you travel along on this journey to prosperity, you will experience several distinct phases.

Although there are no real surprises in the sales stats that came in for August, there are a few items of note. The first involves price. The overall feeling among realtors, and in fact in some reports coming in across the country, is that prices are sliding. But that is not totally accurate.

hen we think about a trust agreement, we must first consider that property ownership can be divided into legal ownership and beneficial ownership. Legal ownership means the person's name is formally recorded on ownership documents and is recognized publicly or contractually as the owner of the asset or land. Beneficial ownership, on the other hand, refers to the individual who enjoys or utilizes the property, including any financial gains the property creates.

When I was a kid, my parents opened up a snack bar in cottage country just inside the Highlands of Haliburton. It was my dad’s dream to break free from his employment situation and be self-employed. The venture didn’t work out to be particularly profitable, but that’s another story. I want today to share an incident surrounding that venture that sticks with me to this day. I think it holds a lesson for us all.

Interesting dynamics going on in the real estate market at the moment. Prices, as we expected, are falling as we move into the second half of the year. July at $663,841 is actually down $13,466 from June. A drop in one month of 2%. At the same time, unit sales, which should be falling in lock step with prices are actually on the rise. In fact, July recorded 648 sales across the region. That not only compares favourably with the 529 figure we saw in June. It is actually the strongest month so far this year. Interesting.