Issuu

WHAT IS NET WORTH LENDING? WHAT’S TRENDING IN DESIGN

OA K V I L L E | FA L L 2 0 2 3

YOUR ANNUAL MORTGAGE CHECK-UP

ST. GEORGE MANSION 2 2 7 5 D O U LTO N D R I V E | M I S S I S S A U GA

FIVE STEPS TO HELP YOU PLAN FOR YOUR FAMILY’S FINANCIAL FUTURE

EDITOR'S NOTE Dear readers, It is with great excitement and pride that we introduce you to the very first edition of Fund Magazine. We are thrilled to have the opportunity to share our knowledge and expertise with you, and to provide valuable insights that will help you make informed decisions when it comes to your mortgage. First and foremost, we want to express our gratitude to our readers, advertisers, content contributors, and distribution partners. Without your support, this magazine would not be possible. We appreciate your trust and confidence in us, and we promise to deliver insightful and informative content that will benefit you in the long run. As you flip through the pages of our magazine, you will notice that our focus extends beyond just mortgages. We aim to provide you with luxury and lifestyle content that complements your financial journey. Our goal is to inspire and encourage you to not only make smart financial decisions but to also enjoy the journey. We understand that the world of mortgages can be overwhelming and confusing, which is why we are committed to providing you with the most up-to-date and relevant information. Our team of experts will be sharing their knowledge and advice, along with real-life stories and experiences, to help you navigate the mortgage process with ease. At the heart of our mission is the belief that education is key to making better financial decisions. Through our magazine, we hope to empower you to make informed choices and take control of your financial future. We believe that together, we can create a community that is educated, informed, and financially savvy. Once again, we want to extend our sincerest thanks to everyone who has made this magazine possible. We are excited about the future and look forward to sharing more with you in the coming editions. Here's to a bright and prosperous future, full of sound financial decisions and happy home ownership.

OAKVILLE | FALL 2023 EDITORS Lauren Lowe Scott Westlake CREATIVE DIRECTOR Kelsey Addison GRAPHIC DESIGNER Cathryn Haynes CONTRIBUTORS Maggie Aurocco FC Funding Martin Hutnik Christopher Invidiata Hali MacDonald Interiors Matt MacDonald Scott Westlake Joe G. White PUBLISHER

PreferredPublishing.ca Fund Magazine is Digitally Published 4x Per Year Fund-Mag.com

For advertising inquiries, please email Scott Westlake at scott@fund-mag.com

Best regards,

Scott Westlake

416-436-1135 | scott@fund-mag.com

SCOTTWESTLAKE.COM

Fund Magazine serves as a platform for sharing content related to various industries, including but not limited to mortgage and lifestyle topics. It's important to note that the content featured in this magazine is for informational and educational purposes only and should not be considered as endorsements, recommendations, or professional advice. Each advertisement and content partner featured in Fund Magazine is responsible for ensuring that their content complies with the regulations and standards of their respective industries. If you have any inquiries, concerns, or require information about specific products, services, or content, we encourage you to reach out directly to the respective company or individual responsible for that content. Fund Magazine does not endorse or recommend any specific products, services, or content presented within this publication. Furthermore, Fund Magazine and its affiliates cannot be held responsible for any claims, disputes, or legal matters that may arise from third-party content or advertisements. Readers are encouraged to exercise their own judgment and seek professional advice when making decisions based on the information presented in this magazine. Always refer to the original source or provider for the most accurate and up-to-date information.

DOWNLOA D

MY MORTGAG E TO OLB OX AND GET EXCLUSIVE ACCESS TO ALL PREMIUM FEATURES

W H AT YOU CA N D O W I T H MY A PP: • Calculate your total cost of owning a home • Estimate the minimum down payment you need • Calculate Land transfer taxes and the available rebates • Calculate the maximum loan you can borrow • Stress test your mortgage • Estimate your Closing costs • Compare your options side by side • Search for the best mortgage rates • Email Summary reports (PDF) • Use my app in English, French, Spanish, Hindi and Chinese

SCOTT WESTLAKE Mortgage Agent, Dominion Lending Centres FC Funding FSRA 10671

TABLE OF CONTENTS

COVER STORY • 22 St. George Mansion 2275 Doulton Dr, Mississauga Listed By The Invidiata Team

Need An Appraisal?

So, You Want To Be A Landlord?

Hali MacDonald Interiors: What's Trending in Design

28 Your Home-Buying Team

Your Annual Mortgage Check-Up

Five Steps to Help You Plan for Your Family’s Financial Future

The Tax Free Zone with 33seven

The Home Buyer Incentive Explained

38 The Policaro Foundation

40 Why Buy a Franchise 44 What Is Net Worth Lending? 47 Stay, Relax, Repeat: Your Perfect Staycation Awaits 54 What You Should Know About Mortgage Amortization

30 Get Moody bluboho New Mood Ring Collection

NEED AN

HERE ARE SOME TIPS TO ENSURE SUCCESS

f you are looking to buy a home or want a current value of your property, you will need an appraisal.

Before banks or lending institutions can consider loaning money for a property, they need to know the current market value of that property. The job of an appraiser is to check the general condition of your home and determine a comparable market value based on other homes in your area. While you may think “it is what it is,” we actually have a few tips that can help improve your home’s appraisal to ensure you are getting top market value! 1. Clean Up: The appraiser is basing the value of your property on how good it looks. A good rule of thumb is to treat the appraisal like an open house! Clean and declutter every room, vacuum, and scrub to ensure your home is as presentable and appealing as possible. 2. Curb Appeal: First impressions can have a huge impact when it comes to an appraisal. Spending some time ensuring the outside of your property from your driveway entrance to front step is clean and welcoming can make a world of difference.

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Ensuring the appraiser is aware of any upgrades and features can go a long way.

3. Visibility: The appraiser must be able to see every room of the home, no exceptions. Refusal to allow an appraiser to see any room can cause issues and potentially kill your deal. If there are any issues with any spaces of your home, be sure to take care of them in advance to allow the appraiser full access. 4. Upgrades & Features: Ensuring the appraiser is aware of any upgrades and features can go a long way. Make a list and include everything from plumbing and electrical to new floors, new appliances, etc. This way they have a reference as to what has been updated and how recent or professional that work was done. 5. Be Prudent About Upgrades: While the bathroom and kitchen are popular areas, they are not necessarily the be-all-endall for getting a higher home value. These renovations can be quite costly so it is a good idea to be prudent about how you spend your money and instead, focus on easy changes such as new paint, new light fixtures or plumbing and updated flooring to avoid breaking the bank while still having your home look fresh.

6. Know Your Neighbourhood: You already know where you live better than the appraiser. Taking a look at similar homes in your neighbourhood and noting what they sold for will give you a ballpark. If your appraisal comes in low, you will be prepared to discuss with the appraiser the examples from your area and why you believe you property is worth more. 7. Be Polite: The appraiser is there to get in and get out. Avoid asking them too many questions or making too many comments and simply be prepared should they have questions. Once they have completed the review of your home, that is a good time to bring up any comments you might have.

Content provided by Scott Westlake, Mortgage Agent Level 2, Dominion Lending Centres - FC Funding, License 10761. Each office independently owned & operated.

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esig

What’s Trending in

By Oakville Designer, Hali MacDonald s a company that prides itself on creating timeless interiors, I was a bit hesitant when asked to write an editorial on what’s currently “trending” in design. Trends are something I generally aim to steer clear of, but upon giving it some thought and reflecting on the interiors filling the current design magazines, I came to the conclusion that the current trend is actually one that I can stand behind.

After many years of white, black, and grey interiors, we are now seeing a shift and an emergence of spaces with life and individuality. After many years of white, black, and grey interiors, we are now seeing a shift and an emergence of spaces with life and individuality. Gone are the days of sterile interiors that make you feel as if you’ve walked outside on a gloomy, grey skied day. In are the days of colour, texture, pattern, and mixing of styles to create interiors that give a sense of joy and light. It’s been a refreshing shift to witness, and I, for one, am loving the depth and creativity that is currently gracing the pages of the top design magazines.

FUND-MAG.COM Photographed by Alex Lukey

Photographed by Patrick Biller

Antique items are very much trending and can add a lot of charm and character to the home. There are many places online to source antique pieces; Etsy, 1st Dibs and Charish being some of my favourites. You can also check out local antique stores to look for vases, artwork, and other accessories. Keep in mind when looking for antiques, perfection is not the goal. The little cracks and imperfections in the items are what make them beautiful and add charm and warmth to your space. You could also consider adding a vintage rug to your living space. These could either be on their own or a smaller one layered over top of a neutral rug that you currently have. My next tip is one that scares a lot of people, but don’t be afraid to mix your metals. Brass, polished nickel,

If you’re wondering where to begin in transforming your home from the past trend to the current, be relieved in knowing that those white and black pieces you purchased a few years ago still have a place in your home. Whites and creams create beautiful foundations on large furniture pieces while black elements really work to ground a space. You can infuse personality into the home with the smaller furniture pieces, the accessories, the paint colours, and the mixing of materials. Let’s walk through these elements and discuss what you should be looking for when swapping out these items. Consider purchasing or reupholstering a set of chairs in an interesting fabric. Mohair, velvet, bouclé, or linen can all be great choices and add a new textural element to a space. Always be cognizant of the materials you’re bringing in and aim to have different ones for added interest. If you’re feeling adventurous, do that textured fabric in a colour and add in some patterned pillows on the sofa to tie it all together. Bring in accent furniture pieces in various wood tones. Rich woods are especially popular right now and give a beautiful old-world feel to a space.

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Antique items are very much trending and can add a lot of charm and character to the home.

Photographed by Patrick Biller

the paint company Farrow & Ball is a designer’s favourite, and the limited number of colours makes choosing a little less daunting. Overall, we’re seeing interiors that are embracing the imperfections and celebrating natural materials and the warmth they add to a space. Marble, wood beams, tumbled limestone, plaster walls, clay tiles, and unlacquered brass are everywhere in the design world. These materials have been around for centuries and are as beautiful and current now as they’ve ever been. As someone that likes to look to the past as a predictor of the future, I feel very confident that the current trend is here to stay. It feels a bit odd for me to call this look a trend as it’s been my design philosophy from the beginning, and it has always been my style of choice. I’ve never considered myself to be a follower of trends, but I must admit that I am in fact on trend for this one!

Photographed by Patrick Biller

and bronze all have warm undertones and work cohesively in a space. I have a rule when introducing a metal or a colour to a room. Think of it as a rule of 3’s. You want to repeat the metal or colour a minimum of three times in the room to blend seamlessly into the space. When repeating, especially with colour, don’t worry about the colour being identical. For example, a pillow, a vase, and a piece of art all containing the colour green but done in different shades of green would still follow the rule. Ensuring that you are choosing undertones that complement one another rather than matching is what you’re aiming for. A little paint can go a long way in transforming a space; I often use a form of white in the main areas and experiment with colour in secondary rooms to create the mood I’m going for. Some of my favourite colours to use right now are brown, blue, green, ochre, rust, and cream. For a more feminine space, I’m loving mauves and blush tones. If you don’t know where to start, and the thought of choosing a colour is intimidating,

Hali MacDonald Interiors is a full-service design boutique serving clients in Oakville, Toronto, and beyond. With designs that transform and elevate how and where you live, we bring beauty to life through luxury interiors that encompass all that is most meaningful to you. Contact Hali for your next design project! halimacdonald.com @halimacdonaldinteriors

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> YOUR ANNUAL MORTGAGE CHECK-UP < There's no better time than now for your annual mortgage review! Conducting a swift mortgage check-up each year could lead to substantial financial gains. A mortgage check-up offers a golden opportunity to assess your current situation and explore potential options. Take a close look at your existing mortgage rates and terms. Perhaps it's time to transition from a variable rate mortgage to a fixed term or to consider debt consolidation. Your annual review is also an ideal moment to scrutinize your monthly financial position and payment frequency. Shifting to an accelerated biweekly plan, rather than a monthly one, might offer significant mortgage savings. If meeting your current monthly payment is a challenge, you can explore the option of reducing it by switching from bi-weekly to monthly payments.

Do you have extra savings you'd like to put towards your mortgage? Now is the perfect time to take advantage of your penalty-free extra payment privileges (if available). Prepayment privileges grant you the opportunity to contribute up to 20% extra per month and a total of up to 20% in lump-sum payments per year—without incurring any penalties. For instance, with a $250,000 mortgage on a 25-year amortization, a 20% monthly payment increase could yield $18,000 in savings and shave off 5 years from your mortgage. Adding an annual lump sum of $2,000 can boost your annual savings to over $25,000 and bring your mortgage-free date forward by 8 years! Overall, your annual mortgage check-up is a valuable chance to align your mortgage with your life changes, current situation, and future goals. It ensures that your mortgage remains a financial asset that works for you, providing year-round peace of mind.

SCOTTWESTLAKE.COM | 416-436-1135 | SCOTT@THEWESTLAKETEAM.COM Content provided by Scott Westlake, Mortgage Agent Level 2, Dominion Lending Centres - FC Funding, License 10761. Each office independently owned & operated.

Five Steps TO HELP YOU PLAN FOR YOUR FAMILY’S FINANCIAL FUTURE By Matt MacDonald | MNP

SCOTTWESTLAKE.COM

he importance of family wealth, estate and tax planning has never been more critical than it is today. Developing a plan ensures you’re financially prepared to face your family’s unique challenges, opportunities, and goals — and that you have confidence that your family’s wealth, assets and financial freedom are ready for whatever the future may bring.

Here are five steps to help you and your family ensure that you are protected and continue to focus on the big picture of growth, legacy and preservation:

1. Prioritize goals and objectives

Identifying and aligning the key stakeholders in your estate is important in executing a well-thoughtout plan. Family members, trusted advisors and close friends all act as valuable resources in both the planning and execution phase of your estate. Together, you can discuss your needs and the needs of you family – while factoring wants, goals, values and risk tolerance. This will help to develop a fulsome understanding of you and your family’s vision of how you’d like to be positioned in the long-term.

2. Develop your planning objectives and prepare supporting documents

A strong plan requires strong supporting documents. These ac documents will give you a better Do nal picture of your financial position and d will help you make informed decisions in your planning process. Having an updated net worth statement, basic cashflow summary, financial projections and a review of your investment portfolio and insurance are critical. tt

3. Assess estate value and liquidity — now and into the future

Understand how your investments will appreciate over time, and ensure you have the liquidity to cover key expenses throughout the seasons of your life.

This gives your family the ability to strategically plan for liquidity through insurance or other tools.

4. Complete a retirement strategy and tax planning assessment

Understanding how your financial needs will evolve and the planning requirements associated with those needs will provide you with insight into the tools required to achieve success in the planning process. Maximize your options for minimizing taxes over the long term. To achieve this, you need to engage the right team of professionals as soon as possible to provide them enough time to craft the most optimal plan for your objectives.

5. Develop an action plan to implement recommendations

Create a comprehensive financial plan for your family. Common deliverables include updating legal documents, applying for insurance, or putting programs in place to prepare your children for inheritance. As wealth increases, it’s important to have a plan for your family’s finances — today and into the future. A strategic plan for spending, saving, and financing your retirement will give you the confidence in the decisions you make today without fear of unanticipated consequences tomorrow.

MNP is a leading accounting, business consulting and tax advisory firm in Canada. National in scope and local in focus, MNP is one of Canada’s leading professional services firms — proudly serving individuals, businesses, and organizations since 1958. Through the development of strong relationships, we provide client-focused accounting, consulting, tax, and digital services. Our clients benefit from personalized strategies with a local perspective to fuel success at every stage. mnp.ca

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Helping you keep together what you’ve worked so hard to put together. Four Point Financial is an advisory firm based in the GTA specializing in family wealth preservation and estate planning. Whether you’re looking to protect your family or your business, our dedicated team of financial advisors are ready to develop a tailor-made plan to fit your life.

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SO, YOU WANT TO BE A

LANDLORD?

re you dreaming about owning a rental property and making some extra income each month? Before diving into becoming a landlord, there are some things you should know from the advantages and disadvantages to some tips when it comes to buying a rental property.

ADVANTAGES OF OWNING A RENTAL PROPERTY

DISADVANTAGES OF OWNING A RENTAL PROPERTY

If you’re looking to purchase a property for rental and become a landlord, you are likely already aware of some of these advantages, but just in case, some benefits to this include:

As with any investment, there are also some disadvantages to owning a rental property, which are important to consider before you make the leap. These can include:

• Earning additional regularly monthly income

• Responsibility of maintaining the rental property and managing your tenant(s)

• Allows you to continue to build home equity in the property(s) that you rent

• Rental income is taxable and must be included on your income tax. Depending on the value of the extra income, it may push you into a higher tax bracket.

• Ability to deduct certain items from your gross rental income such as mortgage interest, property taxes, insurance, maintenance costs, property management fees and utilities.

• Unexpected expenses and issues may crop up over time. It is ideal to budget 2% of the purchase price of your

property for potential repairs. You’ll also want to keep some money aside should your tenant leave and you need to cover a few months to find a new tenant. • If you choose to sell the rental property in the future, it will be subject to capital gains tax.

WHAT TO KNOW BEFORE YOU BUY

SCOTTWESTLAKE.COM

Before getting started, it is important to calculate the cost of your investment (purchase price and closing costs), as well as consider maintenance amounts (approximately 1% of the property value for the year) and compare to current rental prices to be sure it is a profitable

investment before purchasing. In addition, note the following: • The minimum down payment required is 20% of the purchase price, and the funds must come from your own savings; you cannot use a gift from someone else. Another option is to utilize existing equity in your primary residence and refinance for the cash to purchase your rental or investment property. Be sure to factor in funds for closing costs, potential repairs and maintenance in your amount. • Only a portion of the rental income can be used to qualify and determine how much you can afford to borrow. Some lenders will only allow you to use 50% of the income added to yours, while other lenders may allow up to 80% of the rental income and subtract your expenses.

• Interest rates usually have a premium when the mortgage is for a rental property versus a mortgage for a home someone intends on living in. The premium can be anywhere from 0.10% to 0.20% on a regular 5-year fixed rate.

FINAL TIPS ON BECOMING A LANDLORD If you’ve decided to move forward with getting a rental property and becoming a landlord, here are some tips to consider: • Don’t forget about insurance! Ensure you have proper coverage for a rental situation and to cover any unforeseen events. • Educate yourself on what it means to be a landlord in your province from tenant laws to rental responsibilities. • Do your research on rental rates and locations before you choose to buy so that you are aware of where the market is at when it comes to potential earning power. • Choose the right mortgage for your rental property. Your mortgage broker can help you with this! • If you’re looking to run multiple rental properties, consider hiring a property manager who can be a go-between with you and the tenants.

With the right purchase price and rental costs per month, a rental property can be a great way to supplement income. Content provided by Scott Westlake, Mortgage Agent Level 2, Dominion Lending Centres - FC Funding, License 10761. Each office independently owned & operated. FUND-MAG.COM

THIS IS YOUR MOMENT, THIS IS YOUR ONCE-IN-A-LIFETIME PROPERTY

ST. GEORGE MANSION 2 2 7 5 D O U LT O N D R I V E • M I S S I S S A U G A

7 BEDROOMS

14 BATHROOMS

26,182 Sq.Ft

1.99 ACRE LOT SIZE

29,900,000

Nestled on the famed “Street of Dreams” in Mississauga, 2275 Doulton Drive stands as a testament to luxury living like no other. This iconic property is more than just a home; it’s a resort-like haven, spanning 1.9 acres of gated estate grandeur and offering over 26,000 square feet of pure opulence.

AN UNPARALLELED ESTATE OF OPULENCE AND ENTERTAINMENT As you approach, the estate’s grandeur is unmistakable, with 15+ heated garage options providing immediate access to your cherished car collection. The journey begins as you enter the main floor, graced by imported luxurious marble flooring that exudes warmth underfoot. Towering 25-foot ceilings adorned with exquisite plaster detailing and golden leaf accents create a sophisticated atmosphere, setting the stage for a lifestyle of extravagance. The layout of this residence is tailor-made for both large and intimate gatherings, where the heart of the party resides in the kitchen. This well-appointed kitchen opens seamlessly to a massive great room,

overlooking an indoor pool that rivals any five-star resort. The entertainment options are limitless, with a nightclub boasting unimaginable lighting and professional venting for hookah parties. For cinematic experiences, the Lamborghini Leather theatre seats, theater-sized screen, and professional acoustic system make for unforgettable movie nights.

Health and wellness enthusiasts will find their haven in the state-of-the-art gym, rivaling the most exclusive private clubs, complete with two sets of change and shower rooms. The primary suite is a sanctuary like no other, featuring a cozy sitting area with a stunning fireplace, a spacious private patio, and two luxurious en-suites, each with its own walk-in dressing room – one exuding a handsome vibe, the other a glamorous one. Venturing beyond, the basement is a treasure trove of amenities. The mansion’s very own nightclub beckons with mirrored walls, dazzling chandeliers, and a well-stocked bar. An extravagant home theater boasts custom Lamborghini seating and a professional sound system. The gym features flooring made from recycled Nike soles, and two steam rooms add to the spa-like experience. There’s

even a barbershop to meet your grooming needs. The greatness of this estate extends throughout with an opulent great hall, curved marble staircases, and five fireplaces. The indoor swimming pavilion boasts soaring ceilings and imported stucco walls from Germany, overlooking the sprawling 1.9-acre estate. For those who appreciate the finer things in life, 2275 Doulton Drive offers six-plus-one bedrooms, each with its own private ensuite and walk-in closet, and an impressive seven additional bathrooms. The focal point of the kitchen is a grand black marble island, complemented by floor-to-ceiling windows that surround the eat-in area and open onto a covered terrace. Gold accents adorn this residence, from furniture and fixtures to doors and décor, creating a truly lavish

atmosphere. The main floor’s ceilings are nothing short of spectacular, with intricate detailing that will leave you in awe. Moreover, this prestigious property was featured on the Netflix show “Painkiller” as the residence of Richard Sackler, adding to its illustrious history. Finally, car enthusiasts will rejoice in the heated garage, with space for more than 15 cars, and additional parking for 10 more outside. This extraordinary property is listed for $29,900,000. For those seeking the epitome of luxury living, 2275 Doulton Drive beckons, offering an exclusive lifestyle that is second to none. Don’t miss this unique opportunity to own a piece of Mississauga’s legendary property.

FOR A PRIVATE VIEWING, CONTACT CALEB INVIDIATA : 905-339-3444

www.invidiata.com

905.339.3444

hello@invidiata.com

86 Wilson Street, Oakville

CHRISTOPHER G. INVIDIATA, REALTOR | FOLLOW US TO STAY CONNECTED @INVIDIATAREALTY Not intended to solicit properties currently under contract. All square footages are approximate. Information is subject to errors and omissions.

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> YOUR HOME-BUYING TEAM < YOUR MORTGAGE AGENT/BROKER:

YOUR FINANCIAL GUIDE

Your mortgage agent/broker is your dedicated financial guide, committed to arranging the financing you need for your new home. Their promise is to deliver unparalleled service, a wide array of options, and impartial advice to ensure you're on the right financial track, not just today, but well into the future. With access to an extensive network of lending institutions offering competitive rates and a variety of mortgage products, they'll scour the market to present you with the best mortgage options tailored to your unique needs. YOUR REALTOR:

THE HOME MATCHMAKER

A trusted realtor is your invaluable ally throughout the home-buying process. They'll save you both time and money while expertly navigating the journey. Your realtor will take the time to understand your preferences and introduce you to properties that might not even be on the market yet. They possess invaluable insights into the local real estate landscape, market trends, and effective bidding strategies. A skilled realtor can help you make sound financial decisions, potentially saving you money and ensuring you secure your dream home, even in a competitive market. YOUR LEGAL EXPERT:

THE GUARDIAN OF YOUR INTERESTS

Once you've found your dream home and secured financing, it's time to engage a legal expert – either a lawyer or notary. They'll meticulously craft and register the essential mortgage documents for you, a critical step in the home-buying process. YOUR INSURANCE ADVISOR:

PROTECTING YOUR INVESTMENT

After you've confirmed the purchase of your new home, the next step is securing home insurance to finalize the deal. Collaborating with a knowledgeable insurance provider can make a world of difference, ensuring you have the right coverage to protect your valuable assets and the space you now call home. YOUR HOME INSPECTOR:

UNVEILING THE HIDDEN TRUTH

Whenever possible, arrange for a thorough home inspection to unveil the secrets behind the walls and beneath the surface. This step will provide you with comprehensive insights into the condition of your potential new home, exposing any hidden issues like mold, outdated wiring, or leaks that could become costly surprises down the road.

OTHER NOTABLE CONTACTS • Appraiser • Home Stager • Tax Specialist • Builder/Contractor • Financial Advisor

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Get Moody bluboho New Collection Drop A new take on our iconic, top selling, first to market, luxury mood ring collection

We believe in the magic of connection and shared experience - that through our jewelry we can celebrate, mourn, share our stories, contemplate the world around us, and connect deeply… because ultimately, that is why we’re here. Each bluboho piece is designed to embody a symbolic story that inspires a moment of contemplation. Between the vendors who source our materials, our in-house designer, gemologist, creative team and production team, and the expert artisans who handcraft each piece, our jewelry is a labour of love born out of creative collaboration. - Maggie Aurocco, Founder

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Choose your mood, Create your vibe. The new mood ring collection is intended as inspiration to manifest your mood, as you’re pulled to the stone that you resonate with most.

Each mood ring features a hand-cut, free-form natural gemstone, cut in small batches, truly one-of-a-kind, making each stone’s faceting and colour as unique as you are. Conscious Gifting • Designed in Toronto • Hand-Cut Free-Form • One-Of-A-Kind Gemstones • Prices Range from $398-$698 • 14K Recycled Yellow Gold • Full Sizes 5-9 In Stock • Half & Quarter Sizes Available

6. 1. Labradorite: Grounded, Confident, In-Tune, $698 2. Green Aventurine: Balanced, Calm, Prosperous, $398 3. Black Onyx: Resilient, Adventurous, Empowered, $398 4. Apatite: Inspired, Mindful, Limitless, $698 5. Moonstone: Positive, Clear-Minded, Receptive, $698 6. Amethyst: Courageous, Imaginative, Intuitive, $398 FUND-MAG.COM

PUT ON YOUR OXYGEN MASK FIRST PART 1: The Tax Free Zone Our strategy is designed to 10x your family's net worth and create your very own Tax Free Zone within your corporation.

DO YOU WANT TO: 1) 10x Your Net Worth 2) Minimize Your Tax Bill 3) Put Your Heartbeat on Payroll

Watch these videos for a quick recap, and visit 33seven.ca for more information Have questions? Contact Martin at martin@33seven.ca

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> THE HOME BUYER INCENTIVE EXPLAINED < The Home Buyer Incentive is a government program designed to help first-time homebuyers achieve their dream of homeownership. It offers an attractive incentive to assist with your down payment, effectively reducing your overall mortgage amount and, consequently, your monthly mortgage expenses.

• Your total borrowing must be less than four times your qualifying income, or four and a half times your income if you're buying in one of the high-priced cities.

HERE'S HOW IT WORKS:

• You should meet the minimum down payment requirements.

• First-time buyers of newly constructed homes can qualify for an incentive of 5% or 10%. • First-time buyers of existing (resale) homes are eligible for a 5% incentive. • First-time buyers of new or resale mobile/manufactured homes can also receive a 5% incentive. QUALIFYING FOR THE INCENTIVE: To be eligible for the Home Buyer Incentive, you must meet specific criteria: • You must be a first-time homebuyer, meaning you have never owned a home. • You must not have lived in a home owned by you, your current spouse, or common-law partner in the last 4 years. • If you've recently experienced a breakdown in a marriage or common-law partnership, you may still qualify. Additional qualifications depend on your income and status: • Your total qualifying income must not exceed $120,000, or $150,000 if you're purchasing a home in Toronto, Vancouver, or Victoria.

• You must be a Canadian citizen, permanent resident, or a non-permanent resident authorized to work in Canada.

ADDITIONAL COSTS: While the incentive offers valuable benefits, it's important to be aware of associated costs. These may include additional legal fees, as your lawyer is handling two mortgages—one on your behalf and one on the Government's behalf. There might also be appraisal fees to determine the repayment value of your home when the time comes, along with potential fees like refinancing or switching costs if you decide to move or update your mortgage. REPAYMENT PROCESS: Repaying the incentive is straightforward. You'll be required to pay it back after 25 years or when the property is sold, whichever comes first. You also have the flexibility to repay it at any time without penalties. The repayment amount is based on the fair market value of your home at the time of repayment, and it corresponds to the percentage of the incentive you received. For example, if you received a 5% incentive, you would repay 5% of the current home value at the time of repayment. It's worth noting that if you choose to port your mortgage or experience a separation during the term and wish to buy out your co-borrower, you will need to repay the incentive sooner. The Home Buyer Incentive is a valuable resource to help make homeownership more achievable and to provide a stepping stone for first-time buyers to enter the real estate market.

The Policaro Foundation was established in 2018 to support the health and wellness of our most vulnerable; the children. Through the Foundation, the Policaro Group has been able to support a wide variety of causes, including, but not limited to, local food banks, an annual Holiday Toy Drive and annual Heart Month campaign, regular donations to hospitals such as the Oakville Trafalgar Memorial Hospital, the Brampton Civic Hospital and Grand River Hospital in Kitchener-Waterloo. However, the Foundation is best known for its long-term involvement with SickKids. In 2018, the Policaro Fetal Cardiac Fellowship was established to treat infants with heart conditions. This fellowship will meet a critical need for the Labatt Family Heart Centre by building capacity for Canada’s primary fetal cardiac diagnosis and treatment centre. Trainees who gain experience at SickKids through the fellowship, will go on to work in pediatric heart centres in Ontario and worldwide, providing better care and disease management for children across the globe.

BUILDING A BRIGHTER, HEALTHIER FUTURE ONE SMILE AT A TIME

To grow stronger as a community and see positive change, we believe we must all do our part to give back.

Photos by Steak + Sizzle

Our 2023 Policaro Foundation Track Experience resulted in a $236,787.60 donation to SickKids, bringing our grand total to over $1 Million since establishing the Policaro Foundation.

VISIT POLICARO.CA/FOUNDATION FOR MORE INFORMATION.

WHY BUY A FRANCHISE By Joe G. White | FranChoice Inc.

YOUR UNCLE MAY BE WRONG ABOUT ADVISING YOU NOT TO BUY A FRANCHISE It amazes me how many so-called business advisers, like my Uncle Bob, know so little about franchising but are always ready to give advice without knowing the facts. I am often asked what the best franchise to buy is. Where can I make the most money? What is the hottest brand? The answer I give every time to these questions is: I do not know because I do not know you and what is right for you. It might be easier to ask why people buy a franchise versus just starting their own business? Now that is a great question. There are a number of misconceptions around franchising that need to be erased. Here are just a few erroneous ideas: ●

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Buying a franchise is like buying a job. You will never be able to resell your job or take advantage of the goodwill you created in your job. The race to success is always better in the long term in franchise business ownership. You have to pay royalties. Yes, you do, and all royalty streams are not created equally. But you need to look at the value proposition and understand that royalties are no more than a line item on a balance sheet; it is the cost of doing business.

●

I know someone who failed in a franchise because they (fill in the blank). Yes, people do fail in franchising, but it is believed that well over 80% of the people who start a franchise are still running and growing these businesses 5 years down the road. Okay, how many non-franchise businesses are still in business 5 years down the road? I often hear that it is less than 20%. Or even better, how many people will have their job in five years?

SO WHY BUY A FRANCHISE BUSINESS?

The safest path to entrepreneurship for many is the franchise system, which allows first-time business owners to avoid the traps and mistakes of starting a business. This can be from marketing to sales to accounting to networking to existing national accounts and a brand that is established or growing. Question: how long would that take to do all of that on your own?

The investment is often viewed to be a lot safer. The failure rate is commonly believed to be much lower, the investment is typically a lot lower, and the opportunity can be bigger depending on the choice in selecting a franchise.

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Personal and professional development. This is seldom thought of as an advantage, but there is much you can learn about business as you appreciate the value of what you've grown. In fact, investing in your own business can reap a much bigger reward than taking an MBA. I recently had a family purchase their son a business. The parents deemed there was much greater learning value for the son in running the business. I remember chuckling when the investing father told me it would be his experiential MBA. As a side note, this business is thriving and growing, and the son has repaid his father the investment and is looking to open a second territory.

It is often easier to get funding. Banks and lenders like a proven system and a franchise business plan. They know its success chances are typically higher and thus less risky.

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Start-up costs can be less. Remember, you are looking to buy into a proven system, and all you should have to do is apply the model and work at it.

A more flexible lifestyle. Do not be confused about this; you still have to work hard and drive the business, but the decisions you make to attend a family event or work late or not are yours and your schedule to run. You never have to answer to the boss because it is you.

Training, support, and direction become cornerstones of the franchisor's commitment to your success. Remember they should be fully invested in your success, and, in the long term, the royalties they obtain from helping you grow the business usually far outreach the money they may make on the franchise fee.

This is why franchising can be an exciting entrepreneurial partnership.

This is a regulated industry, and as such, the franchise companies must comply with the laws around franchising, and they can be held accountable for the promises they make. They are required to fully disclose to the buyer how the business is run. This eliminates a lot of surprises generally associated with a start-up business.

Pride of ownership. It is nice to say, "I own this" or "I built that," and this is my business.

THERE ARE A NUMBER OF MISCONCEPTIONS AROUND FRANCHISING THAT NEED TO BE ERASED. This is why, when you step back and truly understand franchising, you might ask a different question like how do I learn more about this huge business category and where do I fit in? Joe G. White is a Franchise Consultant at FranChoice Inc. He provides professional advice to people looking to engage in franchise ownership. Contact Joe at 647-724-0742 or jwhite@franchoice.com for more info, or click here to schedule an appointment.

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Net Worth Lending If you're considering buying a home, you've probably heard about traditional mortgage options. But what if we told you that there's a new approach to lending that looks beyond your income and credit score? It's called "net worth lending," and it might be the key to helping you achieve your homeownership goals.

Content provided by Scott Westlake, Mortgage Agent Level 2, Dominion Lending Centres FC Funding, License 10761. Each office independently owned & operated.

W H AT I S N E T W O R T H L E N D I N G ? Net worth lending is all about taking a more comprehensive look at your financial situation. Instead of just focusing on how much you earn or your credit score, lenders consider your entire financial picture. This includes your assets and liabilities.

HOW DOES IT WORK?

Here's a simplified breakdown:

1. BORROWER QUALIFICATIONS: To qualify, you need to be a Canadian resident. Usually, a minimum of around $250,000 in liquid assets is required. If you're buying a property with someone else, but they're not on the mortgage application, a portion of your shared assets can be used. 2. ASSET REQUIREMENTS: You must have a minimum of $250,000 in liquid assets. For every dollar you need in a mortgage above what's typically qualified for, you must have a dollar in verified liquid assets. Your assets must not be pledged as security for other loans. Foreign income and assets aren't considered, except for specific eligible assets. 3. ELIGIBLE ASSETS: The good news is, many types of assets are eligible, including savings

accounts, stocks, certain retirement accounts, and more. Pledged assets are an exception. They don't count, but that usually doesn't apply in this case. DOCUMENTATION & DOWN PAYMENT: Standard income and documentation policies apply. You'll need to show evidence of your average liquid assets over a 90-day history. This might include investment statements or bank records. Down payment requirements are in addition to the liquid asset requirement. You'll need a minimum down payment of 20%, with at least 10% coming from your own resources. So, what's the bottom line? Net worth lending is a new way to explore mortgage opportunities. It focuses on your overall financial health and the assets you've accumulated. If you have substantial liquid assets and a strong credit score, this innovative approach could be your path to homeownership.

Remember, this lending approach is still evolving, and not all lenders offer it. But as it gains popularity, more options may become available. It's always a good idea to talk to a financial advisor or mortgage specialist to see if net worth lending is the right fit for you. FUND-MAG.COM

HAPPY HEARTS

STAY, RELAX, REPEAT:

YOUR PERFECT STAYCATION AWAITS

Escape the ordinary and embark on a staycation journey to remember. In this edition of Fund Magazine, we invite you to explore a curated selection of luxurious hotels and resorts that promise to transport you to a world of relaxation, indulgence, and natural beauty. Whether you seek eco-conscious sanctuaries, waterfront escapes, or urban oases, our handpicked destinations offer the perfect backdrop for your dream staycation. Get ready to unwind, rejuvenate, and create lasting memories.

Image: Hotel X Toronto

ONE

1 HOTEL TORONTO

Photos By: Brandon Barre

Escape to 1 Hotel Toronto, a sustainable sanctuary in the heart of downtown. Inspired by the city's natural beauty and Lake Ontario's tranquility, this pet-friendly oasis offers stunning skyline and lake views. Indulge in farm-to-table dining at 1 Kitchen Toronto, unwind at Flora Lounge, savour exquisite cuisine at Casa Madera's, and enjoy handcrafted cocktails at Harriet's Rooftop Bar. Relax by the rooftop pool, stay active with gym classes, and embrace ecoconscious living. 1 Hotel Toronto is where luxury meets eco-conscious living in the heart of the city.

1hotels.com/toronto 48

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@1hotel.toronto

550 Wellington St W, Toronto

TWO THE PEARLE HOTEL & SPA

Unwind at The Pearle Hotel & Spa, Burlington's premiere waterfront hotel. Enjoy scenic guestrooms and suites, dine by the lakeside at Isabelle Restaurant & Lounge, or savour a delightful bite at Pearle's Cafe. For those seeking relaxation and rejuvenation, the luxurious Pearle Spa awaits. Whether it's a couples retreat, or a spa day, The Pearle Hotel & Spa is your haven of luxury on Lake Ontario.

thepearlehotel.ca

@thepearlehotel

3 Elizabeth St, Burlington FUND-MAG.COM

THREE FOUR SEASONS HOTEL TORONTO Discover award-winning hospitality in the vibrant Yorkville neighbourhood at Four Seasons Hotel Toronto. Step into a world of warm welcomes and spacious, modern design. Delight your palate with authentic French cuisine and a selection of 350 wine labels at Café Boulud, or savour specialty craft cocktails in our spirited lobby lounge and bar. For ultimate relaxation, indulge in the serenity of our Forbes Travel Guide Five-Star rated Spa. When you're ready to explore, immerse yourself in the vibrant character of Toronto's most glamorous shopping and restaurant district. Four Seasons Hotel Toronto is your luxurious gateway to the city's best.

fourseasons.com/toronto 50

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@fourseasons

60 Yorkville Ave, Toronto

FOUR WHITE OAKS RESORT & SPA

Escape to White Oaks Resort & Spa, nestled on 13 lush acres in the heart of Niagara's most renowned attractions and surrounded by Niagara-on-theLake's finest wineries. Rest in Four Diamond accommodations that exude elegance, savour the award-winning culinary delights of LIV Restaurant and Play Bar + Grill, and experience serenity at The Spa. And for fitness enthusiasts, The Club at White Oaks is a racquet and fitness phenomenon like no other. Discover modern luxury for your staycation in Niagara.

whiteoaksresort.com

@white_oaks

253 Taylor Rd, Niagara-on-the-Lake FUND-MAG.COM

FIVE

HOTEL X TORONTO Experience the extraordinary at Hotel X Toronto by Library Hotel Collection, a luxury urban oasis. Innovate your stay with entertainment, accommodations, athletics, and dining. With a strong focus on sustainability and connection to the greater Toronto community, Hotel X Toronto is designed with you in mind. Take advantage of the unrivaled resortstyle amenities, including 10XTO's Primary Fitness Centre Gym, a year-round heated rooftop swimming pool, and the awardwinning Guerlain Spa. Dine with city and skyline views at Valerie, or savour modern North American cuisine at ROSES Cocina. Hotel X Toronto redefines hospitality for your next staycation.

hotelxtoronto.com 52

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@hotelxtoronto

111 Princes' Blvd, Toronto

SIX

WINDERMERE HOUSE Windermere House, known as "The Lady of the Lake," welcomes staycation seekers to a historic Victorian landmark on Lake Rosseau. Experience timeless beauty and relaxation with scenic accommodations, a round of golf at Windermere Golf & Country Club, water sports, and lakeside dining. Savour creative cuisine at the Rosseau with acclaimed Verandah, or enjoy The Windermere Pub & Patio for a casual meal and live entertainment on weekends. The year-round Windermere House caters to those who crave comfort, style, and an authentic Muskoka experience.

windermerehouse.com

@windermere.house

2508 Windermere Rd, Windermere FUND-MAG.COM

What You Should Know About

MORTGAGE

AMORTIZATION

Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (longer lifetime equals more interest, whereas a shorter lifetime equals less interest but also bigger payments). Let’s start by looking at the mortgage industry benchmark amortization period. This is typically a 25-year period and is the standard that is used by majority of lenders when it comes to discussing mortgage products. It is 54

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also typically the basis for standard mortgage calculators. While this is the standard, it is not the only option when it comes to your mortgage amortization. In fact,

mortgage amortizations can be as short as 5-years and as long as 40-years! As mentioned, opting for a shorter amortization period will result in paying less interest overall during the life of your mortgage. Choosing this amortization schedule means you will also become mortgage-free faster and have access to your home equity sooner! However, if you choose to pay off your mortgage over a shorter time-frame, you will have higher payments per month. If your income is irregular, you are at the maximum end of your monthly budget or this is your first home, you may not benefit from

Mortgage amortizations can be as short as 5-years and as long as 40-years! a shorter amortization and having more cash flow tied up in your monthly mortgage payments.

Content provided by Scott Westlake, Mortgage Agent Level 2, Dominion Lending Centres - FC Funding, License 10761. Each office independently owned & operated.

When it comes to choosing a longer amortization period, there are definitely still advantages. The first is that you have smaller monthly mortgage payments, which can make home ownership less daunting for first-time buyers as well as free up additional monthly cash flow for other bills or endeavors. A longer amortization also has its advantages when it comes to buying a home as choosing a longer amortization period can often get you into your dream home sooner, due to utilizing standard mortgage payments versus accelerated. In some cases, with your payments happening over a larger period of time, you may also qualify for a slightly higher value mortgage than a shorter amortization depending on your situation. Your mortgage professional will be able to help you choose the

Your mortgage professional will be able to help you choose the amortization that best suits your unique requirements

amortization that best suits your unique requirements and ensures you have adequate cash flow. However, it is important to mention that you are not stuck with the amortization schedule you choose at the time you get your mortgage. You are able to shorten or lengthen your amortization, as well as consider making extra payments on your mortgage (if you set up prepayment options), at a later date. Ideally, you are re-evaluating your mortgage at renewal time (every 3, 5 or 10 years depending on your mortgage product). During renewal is a great time to review your amortization and payment schedules or make changes if they are no longer working for you. FUND-MAG.COM

Scott Westlake has brokered over

$1,000,000,000 in Mortgages

The Westlake Team has joined FC Funding! CONTACT SCOTT TODAY FOR ALL OF YOUR MORTGAGE NEEDS ScottWestlake.com | Cell: 416-436-1135 | Scott@TheWestlakeTeam.com Scott Westlake is part of FC Funding, Independently Owned & Operated FSRA 10671 and is part of Dominion Lending Centres.

CLICK HERE TO FILL OUT AN APPLICATION

cott Westlake has been licensed to sell mortgages for the past 12 years and counting. He is responsible for over $1B in personal origination, coached over 150 mortgage brokers responsible for another $1B in origination, and leads a team funding hundreds of millions more in annual origination and counting.

Scott has won numerous awards including being inducted into Dominion Lending Centres Hall of Fame, Private Mortgage Broker or the Year, Leo award winner from his RBC banking days, Finalist Entrepreneur of the Year Oakville, Top 40 under 40, Young Guns Award, Who’s Hot among more.

Scott is known for financing Luxury Real Estate and working with High Net Worth families, arranging their mortgage needs. Scott also arranges a lot of mortgages for clients that are business for self, athletes, executives, clients that require private mortgage capital and large complex commercial real estate.

When not working, Scott is active in his community of Oakville and many charitable ordinations including Oakville Hospital Foundation, 100 Brokers Who Care, Kerr Street Mission, Zonta, Radius, Para Sport and is a trustee with the Golf Canada Foundation.

CLICK HERE TO SUBSCRIBE FOR FREE

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EXPERIENCE TORONTO’S LUXURY RESORT hotelxtoronto.com | stay@hotelxtoronto.com | 647.943.9300

Fund Magazine - Fall 2023