Is this a foreshadowing of what’s in store for all of us….. WEF mandates!!
Village of McBride restricts water usage, declares local state of emergency https://www.msn.com/en-ca/news/other/village-of-mcbride-restricts-water-usage-declares-local-state-of-emergency/ar-AA1h7Kvo?ocid=socialshare&pc=U591&cvid=a31501508397488e90471687a1aaae47&ei=26
Insider info: TD Bank is going to repo over 100,000 vehicles in Canada over the next 6 months. That is just 1 bank! No wonder BMO got out of the auto game. They are all staring at a complete shit show.
Bank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada’s third-largest bank said.
The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. The move comes after BMO’s overall bad debt provisions rose to $492 million, compared with $136 million a year earlier, for the quarter ended July 31 in a sign of growing stress consumers face from a rapid rise in borrowing costs.
Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender.
“By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest,” BMO said in a statement.
The bank is working closely with employees who will be affected by job cuts to provide support, it said.
In a letter sent to car dealers and seen by Reuters, the head of the business Paul Hunsley said the termination of the dealer agreement would be effective as of Sept. 15, but the bank would fund all contracts submitted and approved prior to the date.
At the end of July, BMO’s consumer installment and other personal loan portfolio stood at $104 billion, and included $54.7 billion in home equity loans.
The remaining loans in this portfolio are primarily auto loans, but also include other loans, including loans for boats, recreational vehicles and motorcycles, Edward Jones analyst James Shanahan said.
Delinquencies rising
The Bank of Canada’s data has shown that delinquency rates for vehicle loans are now higher than they were before the pandemic, highlighting the strain on consumers’ wallets as they also struggle to repay their mortgages in a high interest rate environment.
A rapid rise in interest rates is slowing the Canadian economy, and banks are setting aside more funds to deal with an expected pick up in bad loans.
No kidding, this is all so ridiculous All part of the WEF mandate. Our banks, governments and corporations are all part of this so called “conspiracy theory”. You’ll see what happens as we go toward 2025. Klaus Schwab says we will not recognize our world be 2025!! Pretty lofty prediction, wouldn’t you say???? I’ll probably do my radio show tomorrow on this very topic. Come and listen!!
BMO shutting down indirect retail auto finance business as bad debts mount
I am excited to announce that I will be launching a YouTube series and blog on My Landlord Bootcamp Series on: finding your next 5-star tenant in 2023-2024. Stay tuned for more information and helpful tips on how to choose the best tenant for your property.
As a landlord, finding the right tenant is crucial to avoiding payment issues. Maria Rekrut, a real estate expert, is launching a YouTube series and blog on finding your next 5-star tenant. Here are some tips to help you find the best tenant for your home:
Proper vetting is essential to avoid issues like non-payment. Conduct a thorough background check, including credit and criminal history, and verify employment and income.
Set clear rules and expectations for your tenants. Make sure they understand their responsibilities and obligations as tenants.
Be selective in choosing your tenants. Don’t rush to fill a vacancy with the first applicant who comes along. Take the time to find the right fit for your property.
Communicate effectively with your tenants. Establish a good relationship with them from the start, and be responsive to their needs and concerns.
Stay up-to-date on landlord-tenant laws and regulations in your area. This will help you avoid legal issues and protect your rights as a landlord.
Remember, as a landlord, you are responsible for finding the best tenant for your home. Taking the time to find the right fit can save you a lot of headaches and stress down the road.
Be sure to like, subscribe, and share my YouTube video with other landlords, who are having a hard time finding a great tenant. You’ll find the new produced series 2023-2024 on this channel: https://www.youtube.com/channel/UCpHBZZ1Pk5gvHcLL0AiDEbA
Maria is a seasoned and long time businesswoman, real estate investor, successful landlord and real estate investment coach and mentor who can provide you with personalized guidance and support as you build your real estate portfolio. Contact Maria Rekrut today to learn more about how you can unlock wealth using real estate for personal freedom.
Ontario landlord caught on video with large knife in tenant dispute https://www.msn.com/en-ca/news/canada/ontario-landlord-caught-on-video-with-large-knife-in-tenant-dispute/ar-AA1gCm7r?ocid=socialshare&pc=U591&cvid=235a51585cf046f89bceb1a8edabd731&ei=25
Real Wealth Real Estate Weekly Newsletter By Maria Rekrut – Sept 12, 2023
The Good, The Bad and The Ugly of Owning Real Estate in Ontario, Canada in 2023, can be summarized as follows:
THE GOOD:
Investing in a rental property in Ontario can be a smart financial move
Rental rates in Ontario are expected to rise in 2023
Rental investments are a significant driver of home prices in Ontario
Many investors can rest assured that their investments will be reasonably expected to perform for them.
THE BAD:
Landlords in Ontario are facing higher operating costs due to rising insurance rates, property taxes, and maintenance costs.
The Ipsos-Reid and Nanos Canadian Confidence Index show that Canadian consumer confidence has dropped significantly, and confidence in real estate values has weakened even further
The rent increase guidelines for Ontario in 2023 limit rent increases to a maximum of 2.5% on applicable properties.
THE UGLY:
Landlords who do not comply with the Residential Tenancies Act in Ontario may face legal consequences, including fines and penalties.
Tenants can file a complaint with the Landlord and Tenant Board if their landlord does not comply with the Act.
If the landlord does not comply with an order from the Board, they may face further legal action.
Overall, owning a rental property in Ontario in 2023 has its ups and downs. While investing in a rental property can be a smart financial move, landlords are facing higher operating costs, and tenants have more legal protections than ever before. It is important for landlords to understand their rights and responsibilities under the Residential Tenancies Act in Ontario to ensure a positive and legal tenancy.
Contact Maria Rekrut today to learn more about how you can unlock wealth using real estate for personal freedom. Set up a discovery call at: https://calendly.com/realwealthrealestate/
Be sure to visit: https://realwealthrealestate.com/ Email: remnn2018@gmail.com https://www.facebook.com/maria.rekrut
Real Wealth Real Estate Weekly Newsletter #2- By Maria Rekrut – Sept 12, 2023
The Good, The Bad and The Ugly of Owning Real Estate in Ontario, Canada in 2023
Fox News guest PERFECTLY summarises the WEF’s totalitarian
‘Great Reset’ agenda, in just one minute: “The WEF is a fanatical political organisation that uses fear and manipulation, like Covid hysteria, like the hoax of global warming, to really facilitate people thinking that somehow they’re the saviours, but really all you’re doing is helping them accomplish their goal, which really is a global public-private fascist movement, and fusion of big government, big tech [and] big money, to create a technocratic ruling elite, which conveniently is them.”
Fox News guest PERFECTLY summarises the WEF's totalitarian 'Great Reset' agenda, in just one minute:
"The WEF is a fanatical political organisation that uses fear and manipulation, like Covid hysteria, like the hoax of global warming, to really facilitate people thinking that… pic.twitter.com/FVGvGGORma
Evil WEF Leader Caught Celebrating Depopulation: ‘Population Collapse Is Good For The Planet’ https://thepeoplesvoice.tv/evil-wef-leader-caught-celebrating-depopulation-population-collapse-is-good-for-the-planet/
Remember when the mainstream media was insisting that “depopulation” was a right-wing conspiracy theory? Times have changed, and now the World Economic Forum are openly celebrating “depopulation” and instructing the mainstream media to send the message that “population collapse is good for the planet.”
Unlock True Freedom Through Passive Income with Real Estate Investing https://youtu.be/AkPGM20hGzE?si=gAKmntXi30VSYj_4 via @YouTube
Unlock True Freedom Through Passive Income with Real Estate InvestingReal estate investing is a proven path to financial freedom, offering individuals the opportunity to build wealth and generate passive income.
Investing in real estate can provide flexibility, financial freedom, and the opportunity to help others while enjoying the benefits of owning property. One of the most significant advantages of investing in real estate is the ability to earn money from rent payments and property appreciation without actively managing the properties yourself.
Real estate investing can also provide tax benefits, such as deductions for mortgage interest, property taxes, and depreciation. . If you’re interested in unlocking wealth using real estate for personal freedom, it’s essential to educate yourself on the various investment strategies and options available.
You can start by reading books, attending seminars, and networking with other real estate investors. It’s also crucial to work with a reputable real estate investor, and seasoned landlord, who can help you find the right properties and guide you through the buying process.
Finally, consider working with a real estate investment coach or mentor who can provide you with personalized guidance and support as you build your real estate portfolio. To get started on your journey to financial freedom through real estate investing, consider setting up a free discovery call with Maria Rekrut.
Maria is a seasoned and long time businesswoman, real estate investor, successful landlord and real estate investment coach and mentor who can provide you with personalized guidance and support as you build your real estate portfolio.
Contact Maria Rekrut today to learn more about how you can unlock wealth using real estate for personal freedom.
Both Trudeau and Freeland need to resign. They are working for the World Economic Forum and not for Canadians. They are both part of the Young Globalists, and Freeland is on the WEF Board of Directors. So where does her allegiance lie?
Man charged with arson in relation to Quebec wildfires https://www.rebelnews.com/man_charged_with_arson_in_relation_to_quebec_wildfires via @RebelNewsOnline