Now that we are well into the start of 2025, it’s a great time to re-assess your personal goals and resolutions you made back in January. Your home and finances are key areas where small, intentional changes can lead to big improvements in security, stability, and quality of life.

Buy one property a year for ten years. Never amortize for more than 15 years. Never sell. That in a nutshell is the basis of The Money Machine Seminar. I first rolled that seminar out in 1989. Unlike today, nobody was doing real estate investment seminars back then. Today with all the ‘nothing down’ ‘get rich quick’ schemes out there, people are jaded when it comes to courses on real estate investment. But back 36 years ago the room was packed.

Interestingly, the limitation period can be affected by partial payments or acknowledgements of the debt. Under section 13(11) of the Limitations Act, a part payment or written acknowledgement of the debt can restart the two-year limitation period. For instance, if a debtor makes a partial payment towards a debt within the original two-year limitation period, this payment is treated as an acknowledgement of liability. This action effectively restarts the two-year clock from the date of the partial payment.

I now have the January sales figures in from the Board. They are not precise. This concerns me when it comes to both number crunching and reporting. I’m not faulting anyone but the fact is that a couple of changes have occurred which skew the figures. The first, as we’ve discussed in the past, is that the industry over the past year or so has switched from average sale prices to HPI prices (Home Price Index) which zeros down on one type of sale.

Despite the Bank of Canada taking steps to reduce interest rates, many Canadians still feel pressure due to the overall cost of living and inflation. This uncertainty can be unnerving for many individuals, but don’t fret!