Early Morning Shoulder Rides... Because Sleep Is For Chumps
  
Chet's an early riser (usually between 5:00am - 5:30am) so for the last month or so, him and I go for a "hike" in the morning before we start our day. Even though I bought him the best hiking pack I could find so he could relax in comfort while we walk, he often prefers a good old fashioned shoulder ride! We've discovered some fantastic trails and it's such a nice time of year to get out early and get a fresh start to the day.
September's Challange
August's Answer
Congratulations to Nathan Sapelak for winning August's challenge and getting both questions correct (if you're looking for a fantastic real estate lawyer, Nathan and Joel have been my go-to for a number of years now). We had a few guesses that came in really close together, but Nathan's was the quickest by a couple of hours. August's challenge asked the following...
When is the next Bank of Canada meeting, after which they will make an interest rate announcement?
* Bonus question: Do you think the rate will increase, decrease, or stay the same?
For August's answer, click the link above.
September's Challenge:
Wendy, Todd, and Sam all make identical income and have identical credit. They all have a long history with their employer and have each saved up an identical downpayment to purchase a home within Toronto. Their financial situations are almost the exact same.
However, here is where they differ...
- Wendy just purchased a new car and now has a monthly car payment of $600. She is really proud however, because all of her credit cards and lines of credit are at a $0 balance!
- Todd has finally paid off his car, but recently used some credit cards to renovate his home and now has credit card debt of $20,000
- Sam's car is paid off and he has no credit card debt, but he does have a couple student loans he's still paying off. One is for $400/month and the other is for $200/month
Question: Assuming all else is equal except the debts listed above, who would qualify for the biggest mortgage, and who would qualify for the smallest mortgage?
* As usual, the first person to email or text me the correct answer wins a $15 Starbucks gift card!
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