As this year comes to a close, we realize that the holiday season is upon us once again. This is a wonderful time for us to remember our family, friends and clients who help our business and make our jobs a pleasure all year long. Our business would not be possible without your continued support.
Please take this opportunity to reflect with us on the past year...
This year, 2019, has hosted several changes for us, from changing brokerages to moving into our MGA's office (they offer us access to the insurance and investment providers that we do business with).
On the insurance side, we have noticed a significant increase in business - many people continue to realize the importance of coverage that protect their savings and retirement. We also have some new products available to us as well - Hospital and Day Surgery Benefits. This benefit can help to cover additional costs associated with hospital stays such as parking (for those who stay by your side), the cost of food, or even homecare when you return home.
Sentinel Financial partnered with Bridge Force this year, so now we can offer insurance from any company out there; this allows us to be more competitive when it comes to the cost of insurance. Products are also available for those who cannot qualify for traditionally underwritten insurance.
The markets continued to fluctuate this past year creating a lot of uncertainty for many people invested in equities - especially in Canada. Our portfolio, YTD, has brought us returns from 7% - 18%. The opportunity to hand-pick funds makes a big difference when diversifying your accounts. One of our providers is offering 5 new funds to their portfolio of funds; we are excited about being able to offer a fund that participates in companies like FaceBook, Amazon, Microsoft, NetFlix and Adobe. These companies will still stand firm in business even when the markets fluctuate, as they are a main staple in the life of individuals and businesses.
2019 continued to still affect many people in qualifying for a mortgage. The main reasons for this was due to debt loads carried by many, as well as lower credit scores. CMHC introduced the First Time Homebuyer Incentive program at the beginning of October; we are finding that adding that extra 5% for down payment helps reduce the debt servicing for those who could not qualify before, due to the debt load that they carried. If you are interested in hearing more, please give us a call so we can go through how it works and discuss how it may help you in get into your own home sooner rather than later. The definition of a First-time homebuyer is based on circumstances - so even if people have owned a home in the last 4 years they may still qualify.
Our fixed rates have fluctuated quite a bit this past year, this is due to the increased value in the bond markets. So, before you sign a renewal with the bank, or your current lender, please give us a call so we can shop the market for you to get best rate and product. Our rates for high ratio purchases are still below 3% on the 5-year fixed.
On the personal side, we have enjoyed 2019. Our grandchildren are growing up so fast their ages range from 5 years to 10 years old; seeing them grow in their personalities and independence reminds us that life goes by real fast and spending time together creating memories is of the utmost importance. We are so thankful for a healthy, happy family.
So, at this time, we want to say, thank-you for all your continued support and referrals; have a safe and blessed Holiday Season!
Karen Reimer, Brenda Klassen & Wendy Klassen
Oh, by the way®... if you know of someone who would appreciate the level of service I provide, please call me with their name and business number. I'll be happy to follow up and take great care of them.