Syria continues to be a hotbed of International condemnation with news of the government continuing to fire upon and kill its’ own citizens. The Assad Regime claims there is a deliberate campaign by foreign entities or governments interfering with their sovereignty in order to bring change. On the other hand the Russians and Chinese support the regime to maintain political influence in the region for military purposes.

A few weeks ago the Europeans came out united to claim they have fixed the problem of their economic crisis by funding countries whose institutions were on a course of potential collapse. Their actions were aimed to and restore confidence. The result was euphoria as equity markets came back extremely strong. It seemed as if we went from rags to riches. Yet as we saw before the excitement quickly dissipated as the markets were unsure where the money to support their initiatives where was it coming from? Your guess is as good as mine as all these leaders do is blow hot air up everyone’s arse to buy another day while accomplishing absolutely nothing!

New Canadian Mortgage rules came into effect today as the maximum length of the mortgage was shortened to 25 years. Therefore a MTG of C$375,605 @ 5% I.R

——————-Before July 9              After July9—————————————-                                                                                                                                                                                                                                                                         —-Amortization—30 Years————–25 Years————————                                                                                                                                                                                                                                                                                                               — —Monthly Pymt—2,004.57————-2,184.54——————————————                                                                                                                                                                                                                                                                              — —–total Interest—-346,039.79———–279,756.22————————                                                                                                                                                                                                                                                                   —                             –Refinancing limit—85%—————-   80%       —————————–                                                                                                                                                                                                                                                                                                                                                                                                                           It is important for families and individuals to live within their means, the government knows something extreme is going to happen otherwise they would not be changing the rules for the third time in a few years. Debt can destroy families if not managed.