Archive for September, 2009

Many homeowners are utilizing the equity they’ve accumulated in their homes to tap into Home Equity Loans or Home Equity Lines of Credit, sometimes referred to as a HELOC. You can use the equity in your home for many different reasons, to name a few:

 • With the Home Renovation Tax Credit and the Eco-Energy Rebates, now would be a good time to make those renovations you’ve been thinking about! You would also be adding to your homes’ value, an all around win-win situation

 • If you’ve been feeling the pinch financially and are not feeling completely secure, now would be a good time to come up with a debt consolidation plan. The lower interest rates from the LOC makes payments manageable. 
 • If you feel your business could use a little boost now that the economy is starting to recover, and you want to be ready, consider the benefits of the LOC; with it’s flexible terms, you can pay it off quickly when your business is back on sound footing.
• If you’re generally good with money, a HELOC can provide a place to go for emergency funds from time to time, especially if you know you’re going to be diligent in paying it back.
Home equity is the difference between the current appraised value of your home and the amount you have paid on the first mortgage.

In these days of low interest rates, it doesn’t make sense to be paying credit card or unsecured line of credit charges. Please call Verico Designer Mortgages Inc to find out about the equity in your home and the options available to you.

According to the latest article from CMHC, housing starts have picked up the pace and are re-growing.

The seasonally adjusted annual rate of housing starts increased to 150,400 units in August from 134,200 units in July, according to Canada Mortgage and Housing Corporation (CMHC).

“Housing starts are trending higher, reflecting improvements in both the single and multiple segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The improvement in housing starts is consistent with our expectation of a stronger second half for 2009.”

The seasonally adjusted annual rate of urban starts increased by 14.0 percent to in August. Urban multiple starts increased by 23.8 percent, while urban single starts moved up 2.5 percent units in August.

August’s seasonally adjusted annual rate of urban starts increased by 13.8 per cent in Ontario.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.

As you know, the Oakville Networking group is run by an executive committee consisting of 5 members, one of which is the founder of the group, Manuela Coelho. The 4 other members are elected on the first meeting in January each year.

In January, Trevor Folgering, Jason Stevens, Liz Boydell and Camilla Nielsen were elected to run the group on a daily basis. Over the past months Trevor and last week Jason (too much work and no time) have left the group leaving only Liz and Camilla to do the job.

On the upcoming meeting Friday, October 2nd we will have to choose to either

1. Select a new Executive Committee, 4 members and 2 substitutes for a period of 15 months running till the first meeting in January 2011,
   or
2. Select 2 new members to replace Jason and Trevor, + 2 substitutes for a period of 3 months running till the first meeting in January 2010, and then have another election in January. These new members may be re-elected in January.

Therefore, please consider whether YOU would like to take charge and have influence on the way the group is run by becoming a member of the Executive Committee.

Kind regards,

The executive committee

Boris Mahovac R.G.D.

Sign up for my next Contacts2Clients Business Seminar

Let's connect:

October 2: Hiliary Jewer; Mukesh Tanna
October 16: Boris Mahovac; Jackie Connely
October 30: Verginiya Kechelieva; Camilla Nielsen
November 13: Mike Rocha; open

If you cannot make it for the meeting you signed up for, make sure to swop with another member on the list. No shows count as a presentation made.

If you have not yet presented, please contact the meeting chair at the next meeting.

Our next meeting is on Friday, October 2, 2009 at 8:45 am at the Hampton’s Restaurant.

Let’s invite some friends and clients to come to our next meeting.

See you all there!

Special:  Mortgage renewal or closing coming up within 30 days – 5 year fixed rate 3.84%

Call Charmaine at Verico Designer Mortgages Inc  Today to find out more about how you can cash in on this amazing offer. 905.336.5997

For most Canadians, your home is your most important investment. But owning a home also comes with a great deal of responsibility. When unforeseen circumstances impact your ability to meet your mortgage payments, it’s important to take quick action and contact your lender. With early intervention, your lender can help you fund a solution to your financial difficulties.

For mortgages insured by the Canadian Mortgage and Housing Corporation (CMHC), CMHC provides lenders with the tools and the flexibility they need to achieve a solution to your unique financial situation. Depending on your circumstances, this might include:

• Converting variable rates into fixed to avoid sudden rate increases
• Temporary short-term payment deferral.
• Extending your repayment period to lower your monthly payments
• Adding any missed payments to your outstanding balance
• Arranging special payments unique to your particular financial situation

CMHC is also willing to consider other alternatives proposed by the mortgage professional to resolve or avoid mortgage payment default. In every case, the options available will depend upon your individual financial circumstances.
CMHC is Canada’s national housing agency. For over 60 years CMHC has shared a wealth of knowledge and housing expertise to help create an informed and reassured homeownership experience for Canadians.
For more information visit: CMHC or call Charmaine at Verico Designer Mortgages Inc. 905.336.5997.
Source: Canada Mortgage and Housing Company

Our next meeting is on Friday, September 18, 2009.

Have you updated (or created) your user account for our blog yet? On July 24 our new Members Directory page started displaying only the information for members with active online (blogging) user accounts.

Log in to your account now to make sure it shows correct and full info. If you need help setting up your account, talk to Boris.

To create an account click here.

Previously on this blog I mentioned that my business Executive Sales Support  was mentioned in The Toronto Star within a business section article titled “Self Employment: The do it yourself recovery” . The article highlighted the rise in the number of entrepreneurs since January 2009. 

To build on that momentum I followed through with Wendy Peters of The Business Executive, a great business information publication in Mississauga, Ontario. Wendy and Tom Peters do a great job of publishing this long standing newspaper that promotes business in Mississauga and the surrounding area. The circulation is 30,000 – from Mississauga to Windsor.

As a result of my follow through another of my articles “Build Your Business With Networking In An Economic Downturn” was included on Page 16 of the July-August 2009 issue and also on the website of The Business Executive newspaper. Tom mentioned that The Business Executive website is averaging 100,000 requests per month which is excellent for a B2B publication.

This issue had a special feature on Southern Ontario’s Mayors Speak Out and was sent to the Prime Minister and the Ontario Premier’s Offices as well as to all the MP’s and MPP’s located in the distribution area of Southern/South-western Ontario.

Thank you Wendy and Tom Peters, for including me in this special edition!

If you are interested in advertising in The Business Executive for October 18 – 24, 2009, which by the way is Small Business Week, please contact Tom Peters, t.peters at busexec.com. 

Do you need to get in front of more prospects to increase sales? Contact me Cheryl at Executive Sales Support.com for follow through sales support.

Cheryl Scoffield of Executive Sales Support, networks a lot, just ask my fellow entrepreneurs and small business owners.  : )

I came across this free to attend event and thought it would be great for other entrepreneurs and small business owners to attend. You can get an exhibitor table for $149.00 + GST.

Here is an excerpt from their website:

Third-annual Small Business Showcase: A Bridges to Better Business Event. Taking place at the Waterloo Inn Hotel on Wednesday October 7th, from 2pm—9pm, the Small Business Showcase features small businesses from Kitchener, Waterloo, Cambridge, Guelph and beyond!

FREE, sounds like a great deal to me! See you there!