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If your goal is to reduce your spending, the best way to start is by tracking your current income & expenses. Use this info after a few months to find out what stands out, what needs to be changed, and what you are doing well.
Brock Vale
brock.vale@sunlife.com
613-243-0015
Brock Vale
brock.vale@sunlife.com
613-243-0015
How will mortgage payments change at renewal? An updated analysis
The 2026 "Payment Shock" is officially here. Are you ready? 📉🏠
A lot of Canadians are heading into 2026 feeling the squeeze, but the numbers coming from the Bank of Canada show exactly why this year feels different:
* The 60% Wave: 60% of ALL mortgages in Canada are renewing in 2025-2026. This isn't just a few people; it's the majority of our neighbourhood.
* The $400-$600 Monthly "Tax": For those who locked in 5-year fixed rates under 2% in 2021, the average payment increase is projected to be 15% to 20%.
* The Extreme End: 10% of renewing homeowners could see their payments spike by over 40%.
Think about that: If your mortgage was $2,500, it could suddenly be $3,500. This is the worry that’s keeping people up at night.
The 2008 Comparison: Back in 2008, the issue was bad loans. In 2026, the issue is "Payment Shock." Everything else—groceries, heat, taxes—has gone up, and now the biggest bill in the house is jumping too.
The Plan: Don't wait for the renewal letter to find out your new number. Let’s sit down now and look at your cash flow. We can find ways to bridge the gap before the shock hits.
Reach out to me at 613-243-0015. Let's get ahead of this together.
https://www.bankofcanada.ca/2025/07/staff-analytical-note-2025-21/?hl=en-CA
A lot of Canadians are heading into 2026 feeling the squeeze, but the numbers coming from the Bank of Canada show exactly why this year feels different:
* The 60% Wave: 60% of ALL mortgages in Canada are renewing in 2025-2026. This isn't just a few people; it's the majority of our neighbourhood.
* The $400-$600 Monthly "Tax": For those who locked in 5-year fixed rates under 2% in 2021, the average payment increase is projected to be 15% to 20%.
* The Extreme End: 10% of renewing homeowners could see their payments spike by over 40%.
Think about that: If your mortgage was $2,500, it could suddenly be $3,500. This is the worry that’s keeping people up at night.
The 2008 Comparison: Back in 2008, the issue was bad loans. In 2026, the issue is "Payment Shock." Everything else—groceries, heat, taxes—has gone up, and now the biggest bill in the house is jumping too.
The Plan: Don't wait for the renewal letter to find out your new number. Let’s sit down now and look at your cash flow. We can find ways to bridge the gap before the shock hits.
Reach out to me at 613-243-0015. Let's get ahead of this together.
https://www.bankofcanada.ca/2025/07/staff-analytical-note-2025-21/?hl=en-CA
The 2026 "Payment Shock" is officially here. Are you ready? 📉🏠
A lot of Canadians are heading into 2026 feeling the squeeze, but the numbers coming from the Bank of Canada show exactly why this year feels different:
* The 60% Wave: 60% of ALL mortgages in Canada are renewing in 2025-2026. This isn't just a few people; it's the majority of our neighbourhood.
* The $400-$600 Monthly "Tax": For those who locked in 5-year fixed rates under 2% in 2021, the average payment increase is projected to be 15% to 20%.
* The Extreme End: 10% of renewing homeowners could see their payments spike by over 40%.
Think about that: If your mortgage was $2,500, it could suddenly be $3,500. This is the worry that’s keeping people up at night.
The 2008 Comparison: Back in 2008, the issue was bad loans. In 2026, the issue is "Payment Shock." Everything else—groceries, heat, taxes—has gone up, and now the biggest bill in the house is jumping too.
The Plan: Don't wait for the renewal letter to find out your new number. Let’s sit down now and look at your cash flow. We can find ways to bridge the gap before the shock hits.
Reach out to me at 613-243-0015. Let's get ahead of this together.
A lot of Canadians are heading into 2026 feeling the squeeze, but the numbers coming from the Bank of Canada show exactly why this year feels different:
* The 60% Wave: 60% of ALL mortgages in Canada are renewing in 2025-2026. This isn't just a few people; it's the majority of our neighbourhood.
* The $400-$600 Monthly "Tax": For those who locked in 5-year fixed rates under 2% in 2021, the average payment increase is projected to be 15% to 20%.
* The Extreme End: 10% of renewing homeowners could see their payments spike by over 40%.
Think about that: If your mortgage was $2,500, it could suddenly be $3,500. This is the worry that’s keeping people up at night.
The 2008 Comparison: Back in 2008, the issue was bad loans. In 2026, the issue is "Payment Shock." Everything else—groceries, heat, taxes—has gone up, and now the biggest bill in the house is jumping too.
The Plan: Don't wait for the renewal letter to find out your new number. Let’s sit down now and look at your cash flow. We can find ways to bridge the gap before the shock hits.
Reach out to me at 613-243-0015. Let's get ahead of this together.
Is your child's education fund on track?
Starting early and saving consistently can make a significant difference in your child's educational future.
Benefits of RESPs:
- Government grants to boost your savings
- Tax-deferred growth
- Flexibility in investment options
Let's work together to create a solid financial roadmap for your child's education. Reach out anytime to discuss how we can help secure their academic dreams.
https://advisor.sunlife.ca/brock.vale/
Starting early and saving consistently can make a significant difference in your child's educational future.
Benefits of RESPs:
- Government grants to boost your savings
- Tax-deferred growth
- Flexibility in investment options
Let's work together to create a solid financial roadmap for your child's education. Reach out anytime to discuss how we can help secure their academic dreams.
https://advisor.sunlife.ca/brock.vale/
Your health and wealth are deeply connected. Consider health insurance solutions like critical illness, disability, and personal health coverage for unexpected challenges.
Beyond insurance, try to prioritize your health daily:
-Eat nutritiously
-Stay active
-Manage stress
-Get enough sleep
-Schedule regular checkups with your healthcare provider
Proactive health care can prevent or mitigate issues, benefiting your well-being and finances in the long-term.
Do you want to explore health insurance options? Let's discuss tailored solutions that protect your health and money.
Beyond insurance, try to prioritize your health daily:
-Eat nutritiously
-Stay active
-Manage stress
-Get enough sleep
-Schedule regular checkups with your healthcare provider
Proactive health care can prevent or mitigate issues, benefiting your well-being and finances in the long-term.
Do you want to explore health insurance options? Let's discuss tailored solutions that protect your health and money.
Met with the Board of Directors today to discuss our 2026 growth strategy. Buddy wants to invest heavily in syrup, Santa is focused on logistics, and the Bear is just here for the 'claws' in the contract. Luckily, I’m here to keep the actual financial plans on track!
Merry Christmas everyone! Enjoy some time with your family and have some extra treats today!
Merry Christmas everyone! Enjoy some time with your family and have some extra treats today!
When I ask my clients about their 'dependents,' this is exactly what I’m hoping for.
Taking some time to help Santa figure out the cost of premium catnip in this economy.
Taking some time to help Santa figure out the cost of premium catnip in this economy.
What better way to start a Monday?!
I was honoured work alongside a few other Sun Life advisors and their families to deliver nearly 1,000 pounds of non-perishables from Glenburnie Grocery to Partners in Mission Foodbank in Kingston!
I was honoured work alongside a few other Sun Life advisors and their families to deliver nearly 1,000 pounds of non-perishables from Glenburnie Grocery to Partners in Mission Foodbank in Kingston!
Don't let holiday joy turn into January budget blues. Unwrap our guide to seasonal spending!
www.sunlife.ca/en/tools-and-resources/money-and-finances/managing-your-money/your-guide-to-holiday-money-management/
www.sunlife.ca/en/tools-and-resources/money-and-finances/managing-your-money/your-guide-to-holiday-money-management/
Don't miss out on potential tax savings and securing your nest egg. Here's why you should consider maximizing your RRSP contributions:
• Reduce your taxable income for 2025
• Grow your savings tax-free until withdrawal
• Invest in your future financial well-being
Sun Life offers a range of RRSP investment options that can help grow your retirement savings:
💰 Mutual funds
📈 Guaranteed Investment Certificates (GICs)
🏦 Savings accounts
Let's chat about how we can help you make the most of your RRSP contributions before the deadline. Your future self will thank you!
• Reduce your taxable income for 2025
• Grow your savings tax-free until withdrawal
• Invest in your future financial well-being
Sun Life offers a range of RRSP investment options that can help grow your retirement savings:
💰 Mutual funds
📈 Guaranteed Investment Certificates (GICs)
🏦 Savings accounts
Let's chat about how we can help you make the most of your RRSP contributions before the deadline. Your future self will thank you!
Tax season is right around the corner.
✅ Gather all income documents (T4s, T5s, etc.)
✅ Collect receipts for deductible expenses
✅ Review last year's tax return
✅ Check for unused credits or deductions
✅ Consider RRSP contributions before the deadline — there's still time!
Let's connect to explore how solutions like RRSPs, TFSAs or RESPs can potentially reduce your tax burden and boost your long-term financial wellbeing.
Questions about tax-efficient investing or retirement planning? Get in touch about tax season and beyond.
✅ Gather all income documents (T4s, T5s, etc.)
✅ Collect receipts for deductible expenses
✅ Review last year's tax return
✅ Check for unused credits or deductions
✅ Consider RRSP contributions before the deadline — there's still time!
Let's connect to explore how solutions like RRSPs, TFSAs or RESPs can potentially reduce your tax burden and boost your long-term financial wellbeing.
Questions about tax-efficient investing or retirement planning? Get in touch about tax season and beyond.
Heading south for the winter? Before you swap your boots for flip-flops, let's ensure your finances are as ready for the journey as you are. A few helpful reminders...
💰 Fund check: Is your budget winter-ready?
🏠 Home security: Try home monitoring for peace of mind
🏥 Healthcare: Know your coverage limits abroad
✈️ Travel insurance: Don't leave home without it!
Ready to make your snowbird dreams take flight? Let's chat about optimizing your retirement strategy for your sun-seeking lifestyle. Reach out for a pre-vacation financial checkup.
#SnowbirdLife #Retirement #SunLifeCanada
💰 Fund check: Is your budget winter-ready?
🏠 Home security: Try home monitoring for peace of mind
🏥 Healthcare: Know your coverage limits abroad
✈️ Travel insurance: Don't leave home without it!
Ready to make your snowbird dreams take flight? Let's chat about optimizing your retirement strategy for your sun-seeking lifestyle. Reach out for a pre-vacation financial checkup.
#SnowbirdLife #Retirement #SunLifeCanada
Just a couple of days ago I decided that I would rather be at the Rink than in the Office this Friday!
What an awesome day! Kingston’s “Hockey Helps The Homeless” Hockey Tournament was a huge success!
Spent the day guiding around some pros.. and some pretend pros!
What an awesome day! Kingston’s “Hockey Helps The Homeless” Hockey Tournament was a huge success!
Spent the day guiding around some pros.. and some pretend pros!
🍁 November is Diabetes Awareness Month
Did you know? If you're living with diabetes, you may qualify for the Disability Tax Credit (DTC). It can help ease the financial burden of managing your health.
-It's a non-refundable tax credit
-It can be retroactively claimed for up to 10 years
Learn more about qualifying: https://www.sunlife.ca/en/tools-and-resources/money-and-finances/managing-your-money/do-you-qualify-for-the-disability-tax-credit/
Questions about how the DTC or other financial solutions can support your health journey? Let's connect!
#DiabetesAwareness #DiabetesAwarenessMonth
Did you know? If you're living with diabetes, you may qualify for the Disability Tax Credit (DTC). It can help ease the financial burden of managing your health.
-It's a non-refundable tax credit
-It can be retroactively claimed for up to 10 years
Learn more about qualifying: https://www.sunlife.ca/en/tools-and-resources/money-and-finances/managing-your-money/do-you-qualify-for-the-disability-tax-credit/
Questions about how the DTC or other financial solutions can support your health journey? Let's connect!
#DiabetesAwareness #DiabetesAwarenessMonth
Well folks, this weekend felt like the beginning of Winter!
I had a great time helping out with the Amherstview Christmas Parade with the Lions Club. It is really awesome when you can get so many different groups of people all together! Especially in small communities!
Drive safe everyone!
I had a great time helping out with the Amherstview Christmas Parade with the Lions Club. It is really awesome when you can get so many different groups of people all together! Especially in small communities!
Drive safe everyone!
Financial literacy isn't just about understanding money — it's about making informed decisions for a brighter financial future.
November is the ideal time to focus on:
• Building a strong financial foundation
• Understanding investment basics
• Planning for long-term goals
Want to improve your financial literacy? Let's connect to explore how you can achieve your financial goals.
You can also learn more about your money habits here >> https://www.sunlife.ca/en/investments/how-to-build-healthy-money-habits/
November is the ideal time to focus on:
• Building a strong financial foundation
• Understanding investment basics
• Planning for long-term goals
Want to improve your financial literacy? Let's connect to explore how you can achieve your financial goals.
You can also learn more about your money habits here >> https://www.sunlife.ca/en/investments/how-to-build-healthy-money-habits/
Are you nearing 71 and have retirement savings with Sun Life? If so, it's time to consider an important milestone in your financial journey.
Did you know, by December 31 of the year you turn 71, you must convert your RRSP to an RRIF or annuity? This new approach helps maintain your investment strategy and income flow, so you'll have more flexibility to manage your retirement income.
Remember, small adjustments now can lead to big comfort later. Let's chat.
Did you know, by December 31 of the year you turn 71, you must convert your RRSP to an RRIF or annuity? This new approach helps maintain your investment strategy and income flow, so you'll have more flexibility to manage your retirement income.
Remember, small adjustments now can lead to big comfort later. Let's chat.
Once my Women’s Football season wrapped up as Champs in March, Brittany convinced me that coaching a kids’ team would be a good experience. She said something about how I needed to work on my patience or something…
Around that same time, I was offered a role coaching in the inaugural season of the Kingston Minor Football League (KMFL)!
Early in the season, I came across a hat I really liked — “Grow The Game.” It was made by a buddy, mostly for lacrosse, but those words have stuck with me and motivated my football coaching journey ever since.
Anyways, my little guys showed up, had fun, learned a ton, played hard — and won. A remarkable upset in the Championship that, I think, taught both teams about life and sports.
Around that same time, I was offered a role coaching in the inaugural season of the Kingston Minor Football League (KMFL)!
Early in the season, I came across a hat I really liked — “Grow The Game.” It was made by a buddy, mostly for lacrosse, but those words have stuck with me and motivated my football coaching journey ever since.
Anyways, my little guys showed up, had fun, learned a ton, played hard — and won. A remarkable upset in the Championship that, I think, taught both teams about life and sports.
Happy Halloween everyone! Go Jays!
An RESP is one of the great ways that you can help set up your children or grandchildren for their future!
An RESP is one of the great ways that you can help set up your children or grandchildren for their future!
Money worries can affect both your physical and mental health. Taking control of your finances can help you feel better.
Here’s how to get there >> https://www.sunlife.ca/en/tools-and-resources/money-and-finances/managing-your-money/stay-healthy-with-smart-financial-planning/
Here’s how to get there >> https://www.sunlife.ca/en/tools-and-resources/money-and-finances/managing-your-money/stay-healthy-with-smart-financial-planning/
Have questions?
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