Wow, we’re already at the end of the second month of the year!  But that also means winter should be coming to an end soon … I hope everyone is keeping warm these days!  This year’s winter has been one of the coldest winters in record.  Despite the freezing weather, Bank of Canada didn’t freeze the interest rate, instead it shocked everyone by lowering the interest rate and more interesting, soon afterwards the bank rate dropped the prime rate to 2.85%.  I guess the Canadian government is also concerned that the dropping oil price will affect the Canadian economy, especially out west in Alberta.

What does this mean to us investors?  GOOD NEWS!  It means that it’s cheaper now to borrow money while the lower oil price is a good thing for auto and manufacturing industries, so Ontario will benefit from this.  Are you taking advantage of it as well?   For cashflow investors, this also means that your cashflow will increase because your debt service payment is lower while your income/rent stays the same.  It’s also good news for those who know how to use HELOC for their investments because it now costs you less while your income remains the same!  Good news all around! 

This month, I’ll keep this short and sweet!  Let’s take advantage of the low interest rates to make some big money (and when I say big money, I mean “cash flow”!)  Make wise investments today and watch them start growing tomorrow!  If you’d like some financial or investing advices, feel free to contact us and we’re sure happy to help you grow your riches too!