Krepskigroup's Blog
Building Relationships One Client at a Time

There has already been “some softening” in the Canadian real-estate market so there is no need for further tightening of mortgage rules, Finance Minister Jim Flaherty said Tuesday. In his first public comments since the election, Flaherty said the country continues to weather the ongoing upheaval in the global economy. He said his first priority [...]

Okay, so we had an election. What do the results mean to the real estate/ mortgage market. Go across the country and you will hear various outlooks some of shear blind hope and others more tempered in sanity. We have heard that the new conservative majority will change some of the recent mortgage restrictions by [...]

With the uncertainty arising over the possible outcome in next week’s election, Conservative minority or majority, NDP as the official opposition or possibly a coalition with the Liberals with Jack Layton in the drivers seat, will the real estate market be affected? Whatever the outcome I believe there will be a pause in the market [...]

BILL CURRY OTTAWA— Globe and Mail Update Published Monday, Jan. 17, 2011 8:12AM EST Last updated Monday, Jan. 17, 2011 8:54AM EST Concern over rising consumer debt levels is prompting Ottawa to make three new changes to Canada’s mortgage rules. Finance Minister Jim Flaherty announced Monday that new federal rules will reduce the maximum amortization [...]

Canada’s Ombudsman for Banking Services and Investments (OBSI) released its Top Ten Resolutions for 2011, highlighting the ways in which Canadians can help avoid future problems with their financial affairs. According to Ombudsman Doug Melville, some of the ideas contained in the list may appear obvious, but are often overlooked as Canadians go about their [...]

Excerpt from Financial Post – Rick Spence 1. Make this a year of opportunities 2. Leverage your strengths 3. Explore new geographic markets 4. Look for ways to add more value 5. Appoint someone on your team to explore opportunities in social media 6. Focus on corporate culture 7. Hire better people 8. Invest in [...]

TORONTO – The Bank of Canada is unanimously expected to keep interest rates on hold next week, but the uneven economic recovery has primary dealers and global forecasters divided on the timing of the next hike in 2011. The Reuters poll, released on Thursday, showed 93% median probability that the Bank of Canada will keep [...]

Pretend that every single person you meet has a sign around his or her neck that says, “Make me feel important.” Not only will you succeed in sales, you will succeed in life. (Mary Kay Ash)

Get out. Seriously, Get out! Get up from behind your desk and get out of your office. This isn’t about taking a vacation or “management by walking around.” This isn’t about spending time on the shop floor, listening to your customers, or clocking the competition. Those are all important activities, but they’re not how the [...]

Lots more mortgage payments….The number of residential mortgages held in Ontario has almost tripled in the past 20 years, from about 600,000 in 1990 to 1.7 million today. But the percentage in arrears has stayed fairly constant, at well under 1%, says the Canadian Bankers Association. Compiled by the Canadian press