Every year, right at the end of February, RE/MAX International holds its annual convention. For many years, the location varied, always in the U.S., and always far enough south that it was below the snow line. But as the size of RE/MAX International grew, so did the size of the conventions. And with each growth spurt, the number of potential site locations dropped as there were fewer and fewer cities with the convention capacity to accommodate.

After the whirlwind economic year we have had, making your finances work for you is already top of mind for most Canadians as we head into 2023.

Here are some ideas to make your finances work for YOU in the New Year:

Whenever I teach the Money Machine seminars, send out video updates, or council investors, I encourage them to do an annual net worth statement. Basically, it’s a yearly report card of the strength of your assets and it’s easy to do

Last month as you may recall we saw a significant drop in average sale price across the region compared to those recorded in December, down – 4.38% or $28,776. At the same time, however, we sensed a feeling of optimism in the marketplace.

Having the biggest and best home on the block sounds great – but not if it is at the expense of your life and monthly finances! Be smart about your budget and avoid buying a home at the very top of your pre-approval value, which might lead to cash flow issues and being “house poor” down the line.