Cool picture of Vancouver circa 1930's
  
Just for the heck of it, here's an interesting look at a piece of Vancouver's past.
What's really fascinating is that there is one old house from this picture that still exists today.
Detailed Picture (click picture to zoom)
http://searcharchives.vancouver.ca/uploads/r/null/8/9/896514/4a63a71b-9508-45ea-b75a-27924fe36db8-A42964.jpg
Circled old house and what the property looks like today:
http://imgur.com/a/j4JaJ
Bowen Island Surprise
Even though I've circled Bowen Island on my partner's boat, I had never spent any time there - until a couple of weekends ago.
I was really pleasantly surprised by how quickly and how far away Vancouver seemed. It doesn't take long to get that "Island Feeling" at all, particularly in a waterfront B&B like we had. There are tons of hiking trails, hidden beaches all over the place, and even some decent restaurants. If you live in the Lower Mainland and don't want to take too much time getting to a B.C. getaway, consider Bowen.
And if you live farther away, it would make an awesome destination.
CIBC IRD Penalty Example
$9700 CIBC Penalty Fee
I've talked to many clients about this kind of thing, but Imagine paying a $9700 penalty on a $200k mortgage. Here is an example from CIBC (This could be from any major bank, not just CIBC).
It may not be true, but sometimes it feels like the big banks make more money on penalty fees then they do from the actual mortgage.
If you are working with a broker or lender and all they discuss is the 'lower rate'.....RUN! You could be paying for that low rate with a penalty like this.
Click PDF for close up.
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