#Alternative Lending Solutions in Ottawa
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jamesmercure · 2 years ago
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Why Private Mortgage Lenders in Ottawa Have Become Immensely Popular
If you are in the Ontarian property market for a new house or looking to refinance your existing home loan, you may be considering private mortgage lenders in Ottawa as an option. Also referred to as non-bank lenders, they are individuals or companies that provide home loans and tend to have less stringent criteria concerning borrower eligibility when compared to those of traditional banking institutions. Today, we will briefly explore what private mortgage lenders are and how they can help accomplish your financial objectives.
The Rise of Private Mortgage Lenders in Ottawa and other Canadian Cities
Private mortgage lenders may include private investors, corporations, or other entities that specialize in real estate financing. They tend to be more flexible and responsive than traditional banks and the former can often provide the necessary financing for unique or unconventional properties.
One of the most significant advantages of applying for a home loan from the crème de la crème of private mortgage lenders is that they offer a remarkably faster approval and disbursal process in comparison with mainstream financial institutions. Private mortgage lenders have all the liberty to make their own lending decisions and do not come under the scope of government regulations that govern Canadian banks, which allows them to be more lenient in their lending process.
In addition, private mortgage lenders may be able to offer more customized loan options than traditional banks, and they may be more willing to collaborate with borrowers with a less-than-perfect credit history or to provide financing for non-traditional properties, such as vacation homes or investment properties.
How to Find Private Mortgage Lenders in Ottawa and Other Canadian Cities
Home loan agents know dozens of renowned private lenders and your residential mortgage broker in Ottawa may help introduce you to one. You can also consider searching the web and learn why more Ottawa residents are choosing James Mercure Mortgages over the rest these days. Finally, you may ask for suitable referrals from your friends, family members, or anyone you can trust when looking for unbiased advice.
Make sure to exercise due diligence when researching private mortgage lenders online. Make a point to check their credentials and client reviews before agreeing to work with them. You should also compare the interest rates and terms offered by multiple lenders to ensure that you are indeed securing the best offer possible.
Why You Must Secure a Home Loan from Private Mortgage Lenders in Ottawa
The most significant advantages of opting for a private lender when applying for a home loan are:
Quicker funding and prompt approval
Less demanding in terms of lending criteria
Customized loan options
Financing for non-traditional properties
Potentially lower interest rates
Private mortgage lenders in Ottawa and other major cities in Canada can often prove to be an excellent option for borrowers who are particularly looking for more flexibility and customization in their loan financing. However, do not forget to explore and understand all your options carefully before zeroing in on one.
Call James Mercure Mortgages now to schedule a no-obligation consultation at your convenience!
Business Name - James Mercure Mortgages Phone No - 613 794 3558 Address - 381 Richmond Road ,Ottawa , ON K2A 0E7
GMB Page - https://goo.gl/maps/rmrpMGw2mrMv5rnV7 Website - https://www.mortgagesmadeeasy.com/
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greatcanadianmortgages · 9 months ago
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seoblog4 · 5 months ago
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Borrow with Confidence: Reliable Online Loans in Alberta
In today's fast-paced world,e transfer payday loans in ottawa accessing financial solutions on-the-go has become a necessity. For residents of Alberta, the ability to securely apply for and receive loans online has transformed the borrowing experience. Whether you're looking to consolidate debt, finance a major purchase, or cover unexpected expenses, the landscape of online lending in Alberta offers a convenient and reliable alternative to traditional brick-and-mortar lenders.
The Rise of Online Lending in Alberta
The digital revolution has ushered in a new era of financial services, and Alberta has been at the forefront of this transformation. Online lending platforms have emerged as a popular choice for Albertans seeking quick and hassle-free access to capital. These innovative lenders leverage technology to streamline the application process, making it easier than ever to obtain the funds you need without the need for in-person visits or lengthy paperwork.
Advantages of Online Loans in Alberta
One of the primary benefits of online loans in Alberta is the speed and convenience they offer. Borrowers can complete the entire application process from the comfort of their own homes, eliminating the need to take time off work or navigate the traffic to reach a physical lender's location. This flexibility is particularly advantageous for those with busy schedules or limited mobility.
Moreover, online lenders in Alberta often boast competitive interest rates and flexible repayment terms, catering to the diverse financial needs of their customers. By leveraging advanced algorithms and data-driven decision-making, these lenders are able to offer tailored loan solutions that cater to individual circumstances, rather than relying on a one-size-fits-all approach.
Ensuring Reliability and Security
One of the primary concerns when it comes to online lending is the issue of reliability and security. In Alberta, reputable online lenders have implemented robust security measures to safeguard their customers' personal and financial information. This includes the use of encryption, multi-factor authentication, and other industry-leading data protection protocols.
Furthermore, many online lenders in Alberta are licensed and regulated by the appropriate provincial authorities, ensuring they adhere to strict standards of compliance and consumer protection. Borrowers can rest assured that their transactions are conducted in a transparent and trustworthy manner.
Choosing the Right Online Lender in Alberta
When selecting an online lender in Alberta, it's important to do your research and compare offers from multiple providers. Look for lenders with a proven track record of customer satisfaction,online emergency loain in halifax  positive reviews, and transparent terms and conditions. Additionally, consider factors such as the loan amounts offered, repayment schedules, and any associated fees or charges.
By carefully vetting potential lenders and leveraging the convenience and flexibility of online borrowing, Albertans can access the financial solutions they need with confidence and peace of mind.
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rbcmortgagerates665 · 2 years ago
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What do you need to know to get scotiabank mortgage rates ottawa?
Accessing the best scotiabank mortgage rates Ottawa is much more than protected with a minimal interest. For that reason, it really is essential to make certain that you will be at ease with the business through which you are getting financing. Even though most digesting procedure of mortgage among all loan companies is very same, there may be little distinct in costs or support charges you will get. And those the situation is most critical when you are finding the right lender for your personal loan. Now now you ask at what spot you can get the very best house loan. Several organizations can offer you a home loan. For this purpose, you can think about community banks, on the web creditors, or even mortgage broker agents who deal with many loan companies. Lenders agree to financial loan applications, and scotiabank mortgage rates Ottawa can assist you speed up the procedure and may produce an suitable option to you. For that reason, there are various possibilities that you should choose excellent for you. Standard banks: Even though, traditional financial institutions provide each one of these solutions to check saving accounts, possible purchase solutions, protecting accounts, and so on. You don’t require any broker agents to access this service, and you might make application for a bank loan provide. This approach can go well with you if you have already a merchant account since they will give you very best service than other tree branches of the banking companies. Credit history unions: Several insured credit rating unions are for sale to home loan support from tiny to big express operations. They have got various economic options like other financial institutions like looking at credit accounts and price savings. And more importantly, over half of lending options are issued on the basis of mortgage loans. In order to get a financial loan via a lending institution, you continue remembering that you need a frequent link. For example, you must have a relative who performs or is associated with the credit union. No-financial institution financial loan traders: More lending options are addressed by low-financial institution lenders where distinct companies offer the very best online support as compared to other alternatives. All these companies are professional inside a scotiabank mortgage rates Ottawa loan or supply few different varieties of personal loans aside from home loans. One large benefit to do business with these creditors is usually to increase the procedure. It is because some huge online companies to get a mortgage loan have created their own personal company. So, when you have some errors in credit score, or you need to entry some low-conventional bank loan, you have to deal with them in comparison with standard banking companies. House loan brokerages: If you have got several loan companies for a mortgage and are generally supplying you with best choice, you need to deal with the house loan broker agents since this is your best option. Typically, the house loan agent provides you finest evaluation provide and implies you best choice for you. Aside from, he will act as the very best medium sized between two events, and he will acquire all files for you personally. This type of bank loan can be a little costly for you because of their charges for that reason, you need to designate the best mortgage agent for you with reasonable charges. All these companies are professional in a scotiabank mortgage rates Ottawa loan or provide few different kinds of loans apart from mortgages. For more details please visit https://www.rates4u.ca/banks/scotiabank-mortgage-rates/.
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ciaclouddearding-blog · 6 years ago
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stephaniefchase · 7 years ago
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Bajan Newscap 12/17/2017
Good Morning #realdreamchasers. Here is your daily news cap for Sunday 17th December, 2017. There is a lot to read and digest so take your time. Remember you can read full articles via Barbados Today (BT), or by purchasing Sunday Sun Newspaper (SS).
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ONLY ILLNESS WILL KEEP AGARD FROM POLLS – Outspoken Independent Member of Parliament Dr Maria Agard may be going to the polls as a candidate in the next general election. Agard, who represents Christ Church West, has kept her next political move close to her chest for more than a year, but her attorney, Lynette Eastmond, says Agard is close to a decision about her future. “Maria Agard is giving serious consideration to contesting the next general election,” Eastmond told the SUNDAY SUN. “The only issue which might prevent her from doing so is her health,” she added. Eastmond was unable to say whether Agard, a former Barbados Labour Party (BLP) candidate, would run as an Independent or join with one of the country’s two newest political parties, the United Progressive Party or Solutions Barbados. “She did not say,” Eastmond said in response to that query. The Sunday Sun was unsuccessful in reaching Agard for a comment. (SS)
RATE BLOW – The decision by a commercial bank to lower the interest rate  on savings deposits to a paltry 0.01 per cent could eventually have a serious effect on the cost of living in Barbados. Bemoaning the move by Scotiabank to reduce its interest rate on deposit savings from early next year, former president of the Barbados Economic Society, Jeremy Stephen also believes it could have a long-lasting effect on Barbados’ credit union membership, which also saves heavily at commercial banks. “With the high level of taxation in Barbados, the cost of doing business will continue to grow. The cost of goods in this country will continue to rise, so people could expect to pay more for goods and services in the coming year simply due to this move by the banks,” Stephen told the SUNDAY SUN in a recent interview. “This is of a great concern to many who are considered savers, especially in an economy where liquidity continues to climb. If there is excess liquidity in the banking sector and profitability is low, you try to save where you can,” he added.   Last week, Scotiabank informed its customers that come January 7, 2018, it would be reducing the interest rate on savings deposits to 0.01 per cent, but would be willing to meet with them to discuss their savings plans.  (SS)
LOWEST MORTGAGE RATES IN YEARS – Barbadians are enjoying the lowest mortgage rates in the last ten years. And, president of the Barbados Banking Association, Donna Wellington, said contrary to popular belief, interest rates on those mortgages had not gone up across the board. Barbadians are also defaulting less  on their payments for all loans, in spite of the country’s turbulent economic situation. “The latest available data for the Central Bank of Barbados shows non-performing or delinquent loans  as a percentage of total loans  at 8.8 per cent,” Wellington revealed in a recent interview. “This means that for every $100 borrowed from commercial banks, borrowers of $8.80 are not repaying  their loans as agreed. This percentage is down from 10.6 per cent in 2015.” Wellington did say, however, that data for mortgages specifically was not available from the Central Bank.  (SS)
BANKS ‘ARE NOT DODGING CHURCHES’ – President of the Barbados Bankers Association (BBA), Donna Wellington doesn’t believe the charge levelled that banks are “tight fisted”.The head of the country’s banking fraternity is in complete disagreement with church leader Bishop Dr Marlon Husbands of the Sanctuary Empowerment Centre, who last month lambasted the financial sector, accusing commercial banks of clinging to their money and not even being willing to lend to churches in Barbados. The bishop said there were certain banks which had determined they would not provide loans to churches, and some financial institutions which were shunning the church, details of which were carried in a recent Daily Nation newspaper article. Wellington, the managing director of CIBC First Caribbean International Bank in Barbados and the Eastern Caribbean, said the mandate of banks was clear.  “We are in business  to lend money, and we are not the only ones,” she stressed. The bank executive did note, however, that all banks determine a level of risk before lending out their cash. “All financial institutions also have to consider their risk appetites. Risk appetite is a function of several factors, be they macro-economic or considerations around the sources of repayment, financial position, or the portfolio of the institution and past lending experiences, be they positive or negative with a borrower type.” She noted that generally, risk appetites vary per institution or institution type. Commercial banks for example are highly regulated and aiming for delinquency metrics that are within international standards. Other financial institutions are not measured by the commercial banking industry standards, but banks have to be conservative because of the stringent regulatory nature and impact of loss on the society given the size of their portfolios.” The BBA boss said when a lending institution chooses not to lend it is not  a light decision. “That is what we are in business to do, so it is likely because risk  factors presented are not within their appetite, but that does not mean that financing is not available. The financial industry has several players, all with a niche market  and a lending base, and in Barbados there  are several alternative options to choose from as they are all represented,” she said. According to Wellington, there are also entities seeking funding that require other types of funding, including equity or venture capital given the type of entity and the nature of their funding. The BBA president also confirmed many banks and financial institutions are now offering unsecured loans, but believes that is business as usual. “The unsecured loan offering is not new. Loans are for a wide variety of purposes generally under the banner of personal expenses. These loans are offered by some banks, credit unions, as well as brick and mortar and digital finance companies.” She said the response to the offers depend on the appetite for higher cost of the borrowing, as these loans, given their unsecured nature, have generally higher interest rates.  (SS)
UNHAPPY WITH APPOINTMENT - While Minister of Finance Chris Sinckler sees nothing sinister in appointing the permanent secretary of the Ministry of Labour and Social Security to the National Insurance Board, Opposition Member of Parliament Kerrie Symmonds sees it as an attempt to increase the level of Government influence and its representatives on the board. The St James Central MP levelled this criticism against the Government in the House of Assembly yesterday, shortly after Sinckler introduced the second reading of the National Insurance and Social Security (Amendment) (NO) Bill. Symmonds told Parliament that it was a matter with which the Opposition felt some discomfort.  However, Sinckler said his Government was addressing an anomaly by placing the permanent secretary of the Ministry of Labour on the National Insurance Board. (SS)
STENCH TOO MUCH – The Barbados Water Authority (BWA) has kicked into high gear its efforts to resolve the issues with the south coast sewage leaks. But that fix can’t come soon enough for residents in Worthing and Hastings, Christ Church, who simply cannot deal with the stinking mess any longer. A SUNDAY SUN team visited the affected communities along Highway 7 Thursday to speak to those in the area. Residents and business owners who did not wish to be named, expressed their anger and frustration dealing with the effluent and its accompanying smell. One questioned how the Minister responsible for Water Resource Management Dr David Estwick was not required to step down after the ongoing sewage problem. “How can I be paying a man so much money in taxpayers’ money and this **** be happening? They would fire me if I’m working and come in five minutes late,” the angry resident said as he stood near the bubbling manhole outside  Lanterns Mall in Hastings. “And we’re paying a man hundreds of thousands of dollars in a time like now?” he reasoned. One worker at a nearby shop told the SUNDAY SUN that the stench coming from the effluent was actually driving away customers. Meanwhile, a resident who wished to be identified as “Lil Giant” said the smell was affecting those who lived  in the community. While the smell was tough to deal with, Lil Giant said that the location of the pedestrian crossing outside Lanterns Mall needed to be changed in light of the bubbling manholes. “You see the white lines where you cross? The zebra crossing needs to be put a different place for people to cross,” the resident said. “A lot of old people can’t cross the road here because  this sewage here makes it a big problem. “People won’t cross at the zebra crossing because they’re avoiding the water,” Lil Giant added. Adam Davis, who frequents the area, said the smell and water created a problem while going home at night and the scent gave him a headache.  (SS)
MELNYK’S WARNING – Prominent businessman Eugene Melnyk is convinced that the cliff at the Crane Beach in St Philip is not as secure as it may seem. So concerned was he, that Melnyk, who owns one of the two properties leading to the famous beach, told the SUNDAY SUN he hired  a team of engineers from a reputable firm in Canada to carry out a geotechnical study of the cliff 20 years ago. According to him, the engineers found that the cliff was unsafe to build on. As a result he filed an injunction in the High Court to prevent the Crane Resort from constructing any more buildings on top of it. Melnyk, a Canadian who owns the Ottawa Senators ice hockey team, said as far as he was aware that injunction was still in place. SUNDAY SUN investigations revealed that the court action had prevented Government from carrying out much needed rehabilitation work at the beach, which in 2015 was named among the ten best beaches in the world.  (SS)
UPDATE: POLICE PROBE DEATH OF 15-YEAR-OLD BOY – The 15-year-old boy who died at the Chefette Restaurant, Marhill Street, St Michael yesterday has been identified as Thyrike Jeremiah Worrell of Mottley Land, Bank Hall, St Michael. Worrell, who was a student of the Frederick Smith Secondary School, entered the establishment around 3:50 p.m. to use the washroom. He complained of feeling unwell and collapsed and subsequently died at the scene. Police are continuing their investigations into his death. (BT)
MISSING WOMAN FOUND – Thirty-one-year-old Tenisha Maynard has been traced and is safe. Maynard, of Mount Friendship, St Michael, was reported missing on Friday, December 15. The administration of the Royal Barbados Police Force thanks the public and the media for their assistance in this matter. (BT)
VENDOR ROBBED – Current reports reaching NATIONNEWS indicate that a group of five masked men pounced on a way side food vendor operating at Brittons Hill, St Michael and robbed him and his clients of money and cellphones tonight around 10:30. Reports are that a gun belonging to one of the clients was taken, while another man was struck with the butt of a gun.  All five men were said to have escaped on foot and made their way through Valery − a village nearby. Police and ambulance personnel are said to be on the scene.  (SS)
COURT OF APPEAL ORDERS RETRIAL FOR SOCA STAR MACHEL MONTANO – Prominent entertainers Machel Montano and Kernel Roberts were granted TT$50 000 bail each after the Court of Appeal Friday ordered a retrial in their case dating back to 2007. The Court of Appeal allowed the appeal by Soca star Montano and Roberts, the son of the late calypsonian, Lord Kitchener, against their convictions and sentence stemming from a fracas outside a nightclub in the capital in 2007. Both men had been convicted and fined in 2013 for assaulting a group of people outside the nightclub. In December 2012, Magistrate Maureen Baboolal-Gafoor found Montano guilty of assaulting Gerard Bowrin, Janelle Lee Chee, Brandis Browne and Russell Pollonais. Roberts was found guilty of assaulting Browne and Pollonais. Montano was ordered to pay compensation totalling TT$13 500 and fines totalling TT$13 700, while Roberts was ordered to pay compensation totalling TT$11 000 and fines totalling TT$13 000. When the matter came up for hearing on Friday, Roberts was present and not Montano whose lawyer said his client could not get a flight to return home on time. (SS)
DRUG PROBLEM – Barbadian sports have never had any issues with doping. Until now.  It’s safe to say that the local sporting arena currently has itself a real drug problem after seeing a very disturbing spike in adverse analytical findings over the last ten years. Just this year alone the National Anti-Doping Commission has reported at least six anti-doping rule violations – a record number for Barbados in any 12-month span. This comes against the background that young sprinter Levi Cadogan faces a possible two-year ban after reportedly testing positive for the banned diuretic and masking agent furosemide. And his is only one of three new adverse analytical findings. In this SUNDAY SUN feature sports writer Justin Marville details some of the other high-profiled anti-doping incidents to mar the Bajan sporting landscape. 
IVORN MCKNEE    SPORT: WEIGHTLIFTING   YEAR: 2010
VIOLATION: The 2008 Sports Personality of the Year, McKnee returned a positive test for the anabolic steroid stanozolol after receiving an out-of-competition test here at home. Both his A- and B-samples tested positive for stanozolol, the same substance that led to Canadian sprinter Ben Johnson being stripped of his 100 metres gold medal from the 1988 Seoul Olympic Games. OUTCOME: The then 29-year-old was hit with a four-year ban from the sport in July of 2010. A two-time Commonwealth senior champ, McKnee only served three years of that suspension, having returned in 2013 after several other international weightlifters also had their bans reduced. Since returning to the competitive stage, McKnee represented Barbados at the 2014 Commonwealth Games in Glasgow. 
BARRY FORDE      SPORT: CYCLING    YEAR: 2005, 2010
VIOLATION: Undoubtedly the greatest Bajan track sprinter of his generation, Forde actually tested positive for ephedrine in 2003 at the Pan Am Games but only received a warning after explaining it was due to a cold medicine. Forde then returned exceedingly high levels of testosterone in 2005 and then failed a urine test for recombinant erythropoietin (EPO) in 2010 upon his return to the sport. OUTCOME: Forde served a two-year suspension for his positive testosterone test in 2005 and then faced a lifetime ban from cycling after testing positive for EPO. He ultimately decided to quit the sport on his own terms, having officially retired from cycling in 2011 instead of serving that career-ending suspension. 
MARTINAS DURRANT   SPORT: BODYBUILDING   YEAR: 2009
VIOLATION: Durrant tested positive for both the banned diuretic acetazolamide and an anabolic androgenic steroid, mesterolone metabolite in Grenada after capturing the light heavyweight and overall crown at the Central American and Caribbean Championships. OUTCOME: The onetime Barbados champ served a two-year ban, having waived his right for a B-sample. Cleared to return in 2011, Durrant finally came back to bodybuilding in 2017 following an eight-year hiatus from the sport. 
RODERICK WATERMAN SPORT: BODYBUILDING YEAR: 2010
VIOLATION: Waterman’s urine sample from the Mr Bridgetown competition returned the banned anabolic steroids stanozolol, bolderone, clenbuterol and mesterolone metabolite. He also had high levels of testosterone, showing a estosterone/epitestosterone ratio of 18:6. OUTCOME: Waterman served a two-year ban as a first-time offender. He returned to the stage in 2016 to win Mr Bridgetown.
DARREN MATTHEWS  SPORT: CYCLING YEAR: 2015
VIOLATION: The then 25-year-old endurance rider tested positive for the anabolic steroid clenbuterol and a banned stimulant methylphenidate while showing abnormally high levels of testosterone. Riding for Team Cocos, Matthews apparently returned an adverse analytical finding from an A-sample taken at the Tour of Guyana. He then returned another positive result when tested out-of-competition at home here in Barbados. OUTCOME: Matthews was officially served a four-year ban in 2016 as a first-time offender for failing those two separate drug tests after not requesting a B-sample. A former national road race champ and Pan Am Championships medallist, Matthews was one of the first local athletes to be suspended under the new World Anti-Doping Code that came into effect in 2015. He has since retired from the sport.  (SS)
EQUESTRIANS ON A HIGH – The Barbados Equestrian Association (BEA) closed a successful year with prize-giving at Coconut Court Hotel last Tuesday. The equestrians celebrated those who had reaped rewards at this year’s National Super Leagues regionally and internationally. New Barbados Olympic Association (BOA) president Sandra Osborne, secretary general Erskine Simmons, operation manager Glyne Clarke, and Neil Murrell of the National Sports Council were among the dignataries in attendance. Outstanding performers were veteran Roberta Foster and her partner Chichic, who spent the first few months of 2017 training in Wellington, United States, and competing on the international scale. Foster remained on top as she led the FEI World Dressage Challenge and received most of the national dressage prizes, along with the leading individual high score in the Caribbean Equestrian Association (CEA) Regional Dressage Challenge.  Sixteen-year-old Zoe Archer, received the Amanda Howell Trophy for being Most Outstanding Eventer. Zoe, along with president Monique Archer and Laura Smith, have been travelling throughout the United States for the past three months preparing for next year’s CAC Games. Eventing was recently reintroduced to Barbados and Zoe and coach Joss Grey of England are eager to get the sport off the ground at the national level. Zoe and her experienced Irish mare and loyal partner Millridge Z are the first of the three to qualify for the CAC Games. Paige Tryhane, aboard Feip, won the FEI World Jumping Challenge (WJC) Category C (1m -1.10m) with Zoe placing second. Tryhane also walked away with the Category B (1.10m – 1.20m) championship, riding Daisy, her piebald mare. Having won the National Super League 1 and 2, along with FEI C and B, Tryhane earned the award for being the Most Outstanding Adult competitor. Dylan Frost and Bree-Anne Hurdle, topped the CEA Regional. Frost captured top position in the 0.85m. aboard Haze in the jumping, and Hurdle took the second level dressage test riding Rumba. Sara Jones and Sir Glacken, who stepped up a class for the FEI WJC in Category A (1.20 – 1.30m), gained the highest level score for FEI WJC and the National Super League 3. They also collected the Amanda Howell Best Retrained Thoroughbred Jumper award for the fourth year. This could be the last time for Sara as she passes Sir Glacken to her 13-year-old daughter, Indy Jones. The younger Jones won the Open Little League 1m, and the Jean Ray Trophy for being Most Outstanding Junior Jumper, with Jodi Haloute, who was champion of the Little League .80 - .90m. aboard Stella Blue. Special recognition was also given to Monique Archer, Diana Clarke and Roberta Foster for keeping the sport growing and developing.  (SS)
BRERETON KEEPS TITLE – Defending champions Brereton were made to fight tooth and nail before overcoming resilient Benfica to win by three wickets with a day to spare, and retain the Barbados Cricket Association Second Division title. Having secured a 30-run first innings lead on the opening day, Brereton dismissed their opponents in 40.4 overs for 107, and set 78 to win, surrendered seven second innings wickets before scraping past the target to capture the coveted championship for the third time overall. Both captain Adrian Jones and manager Amblith Beckles were full of praise for the allround team effort, and supremely confident that the side would come out on top. (SS)
TROTMAN WINS LINTON TONK – Hometown player Sydney “Sinbad” Trotman is the second winner of the annual George Linton Memorial 13-Card Tonk Competition. Trotman emerged champion by winning the decisive six in the final at the Goalkeeper’s Bar, Licorish Village, St Michael, against Anderson “Bandy” Steele, who won two games, and Wendy Alleyne, who ended in the love. Playing on separate tables, Steele, Alleyne and Trotman had earlier won their semi-final encounters. The other semi-finalists were Cameron Bowen, Joel “China” Griffith, Cyntomia Lynch, Oliver Bruce, Sherwin “Pilly” Gittens and Rodney Inniss. Former Minister of Sport Rudolph “Cappy” Greenidge, well known cricket commentator Frank Gill and former Barbados footballers Robert “Bolt” Lashley and Cecil “Goofy” White,  former St Catherine’s scorer and president Norville Brathwaite, popular dominoes slammer Harvey Jones and Harry Blades were eliminated in the second round. The tournament was played in memory of Linton, the late Barbados cricketer and coach who was an avid card player. It was coordinated by White, Gill, Adrian “Lew” Bynoe and Blades, who worked with Linton at the National Sports Council. The tournament was sponsored by Linton Catering Services. (SS)
ICONS IN WAX – Three musical icons with more than 100 combined years as ambassadors of Barbados’ calypso and soca music are set to be honoured in a big way. Come next year, seven-time Road March king MacDonald The Mighty Grynner Blenman, ten-time Pic-O-De-Crop Monarch and Cultural Ambassador Stedson Red Plastic Bag Wiltshire, along with entertainer, comedian extraordinaire and educator, Mac Fingall, will be immortalised with their own wax figures. They will join the company of other seminal historical, cultural and political figures such as: Lil Rick, Che Guevara, Fidel Castro, Marcus Garvey, Obadele Thompson, Alison Hinds, Sam Lord, who have also been paid homage to by the Caribbean Wax Museum. The announcement was made on Thursday night during the official re-opening of the Caribbean Wax Museum, the first of its kind in the region and Latin America. It began two years ago in Maxwell, Christ Church, however, it has now been relocated to Norman Centre, The City. (SS)
FOREVER WE DO - The Nation’s 2017 Forever I Do competition culminated today in a spectacular wedding at Mayfield House, St George. The winning couple Christopher Millar and Shaquille Holder said “I do” in front of family and friends at the beautifully decorated venue. Though the rain threatened at times, it in no way put a damper on the mood and the amount of love felt in the venue. Following the ceremony Mr and Mrs Millar, told the SUNDAY SUN they were happy to be married. “It feels great to be here today. It’s been a couple tough months, but to have it climax this way is great. Everything is perfect, everyone looks great, everyone is happy, we are happy and most of all we are married,” Shaquille said. Christopher added, “It feels like just now a weight was lifted off our shoulders. It feels really good to know we came here, got married and get to spend the rest of our lives together.” The couple will be heading off to their honeymoon in Fort Lauderdale on Monday.  (SS)
That’s all for today folks there are 14 days left in the year Shalom! #thechasefiles #dailynewscaps Follow us on Twitter, Facebook & Instagram for your daily news. #bajannewscaps #newscapsbystephaniefchase
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eastrealtors-blog · 8 years ago
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Commercial Real Estate
If you're considering buying a new home, then the Internet is the best place to search. You can acquire the best houses for sale online through real estate locators. There are lots of benefits of purchasing online. First, it offers you a chance to search for homes anywhere in the country or state. There is no geographic limitation to your hunt. You can get comprehensive information about real estate listings in a moment. The search results are displayed instantly. You can discover the most precise homes that meet your needs.
Searching for a house through a realtor or a broker is the traditional way of looking for house. But it has some limitations and drawbacks. A broker may not be able to assist you with properties beyond a certain geographical area. This restricts your choices and you can't see homes available in different areas. Another disadvantage of selecting a broker is that you can't understand the home images. Whereas through online property locators, you can instantly compare images of land.
This online method of buying and selling property is not only beneficial for homebuyers, but it is also good for realtors. They could list their property on the internet and attain larger number of potential clients. These online locators are like real estate search engines. They attract the ideal kind of customers to your website.
You can get all types of property under a single roof. There are local homes for sale, Condos, Townhouses, Apartments, Farms, Lofts, Land and Commercial Properties. A Few of the places and provincial regions where eastrealtor's facebook you could buy and sell could include Ontario, Quebec, British Columbia, Alberta, Manitoba, Saskatchewan, Newfoundland, Nova Scotia, Vancouver, Calgary, Ottawa, Toronto, Mississauga, and Montr?al Real Estate.
Looking for homes online is very simple. You just need to enter keywords and choose a place, and the listings will be exhibited in a matter of moments. Apart from the photos, the listings may also have a concise description of the place and its neighborhood or subdivision.
Now that spring is here and the snow is gone, a lot of men and women are venturing out into the wonderful weather to locate that perfect house to buy. If You Believe that your Ottawa area home may be that perfect home for somebody, consider the following suggestions for preparing your home for sale, which may make Your House more attractive to a potential buyer:
1. Outside Your Property
The very first thing a potential buyer will do if they arrive at your home is to assess the outside of your property. Stand on the sidewalk. How does your house look? When a potential buyer arrives at your home, what they see is the initial impression. eastrealtors.ca Make sure that your house number is clearly visible from the road. Spring is a great time to wash doors and windows. Sweep any walkways as well as your driveway in order to eliminate any debris. Rake the leaves in your yard to make it "pristine".
Are there some brownish spots in the bud? How about using any environmentally-friendly fertilizer or some new sod to spruce this up? Have you got a stone walkway or raised flower beds. Ensure that the walkway is flat and the flower beds are weeded. Boiling water is a great method to remove persistent weeds from in between rock walkways. Have you got garden lighting? Ensure that they are all in working order and are firmly implanted in the ground in a vertical position, as winter will take its toll on those items.
2. Front best real estate agents in toronto Entrance
Now that the potential buyer has assessed your front lawn, they will approach your front entry. It is welcoming? Will they be in a position to think of it as their home? A container of colourful spring flowers may help create a welcoming setting. Ensure any windows at your front entrance are cleaned on both sides. Additionally, make sure your outdoor light fixtures are in working order and that the light bulbs have been replaced. Is your front door in good condition? Eliminate any scratches or scuff marks or re-paint, if necessary.
3. Fresh Air
Clean, fresh, spring atmosphere lends a feeling of cleanliness to almost any dwelling. Try opening some Windows before a showing. While you are at it, make sure that windows are clean on both sides and clean out the window monitors as well. A possible buyer can test each window to ensure that it works. Be sure that it does. In case you have screens for your windows, then clean them and put in them. In case you have storm windows, now might be a good time to eliminate them.
4. Inside Your Home
Next, the potential buyer will see the inside of your property. It's clean and free from clutter? Are all visible surfaces ? Are all floors vacuumed, swept and/or washed? Use a damp cloth to wash all baseboards. Remove all cobwebs from the corners of unused areas of your home. Have you ever had a chance to wash curtains, bedding, and pillows? Are there new soap and towels in every toilet? A possible purchaser may check each water connection, each bathroom, and each light fixture. Do they work? They may also assess your cellar, in addition to your loft. Make certain to keep these areas tidy.
5. Your Backyard, Garage, and Outbuildings
Once a prospective buyer has seen your house, they are going to want to observe the yard, garage and some outbuildings. Is your yard free of clutter and outdoor toys? Is your deck in good condition, or if it be stained or re-painted? Do you have a fence? Does this need to be painted? Ensure that your flower and garden beds are weeded and free from debris. Rake your lawn. Be confident your garage doors all work and any outside lighting fixtures are in good working condition. Replace all light bulbs.
After you have completed these preparations, your home should be in top condition for seeing potential buyers. Every step that you finish may bring you that much closer to a deal on your Ottawa place residence.
The Renaud Otten Team includes three experienced Listing Sales Representatives Prepared to meet with you at your convenience: Bill Renaud, Ray Otten, and John Donald. John Donald, a Listing Sales Representative with over 16 decades of property experience, offers this information for a quick spring sale, "Make sure that your home sparkles.
Are you thinking of selling your home in Ottawa? Have you made a decision to sell your Ottawa real estate on your own rather than use a real estate agent? Selling your house on your own is certainly an option for you. While We would be Delighted to sell your home for you, if you choose to do it for your own, here are a few things You Might Want to consider:
1. Do you know what the current value of your house is?
Have you got access to the selling prices of houses in your area which are of similar characteristics so that you can establish a realistic selling price? Having the right price is very important. If you list your house with a list price that is too large, you will not attract any buyers. If your price is too low, you are selling yourself short and losing money in the process.
2. Marketing costs
Have you got a budget for advertising in the local papers, online, flyers, etc.? Marketing can be expensive, especially in case you include long descriptions and photographs - both of which are essential for somebody to get a realistic idea of what it is you are selling.
3. Paper commercial real estate agent Ottawa work
Are you familiar with the terms of a normal Agreement of Sale and Purchase? Do you understand what circumstances would be beneficial that you include in your agreement? Do you know what conditions you need to make it possible for a buyer to insert into your agreement? A familiarization with the terminology used in the negotiation procedure is necessary to protect your interests.
4. Time
Do you've got the time necessary to draft and execute your advertising initiatives? What about showings of your Ottawa real estate? Can you make yourself accessible for interested buyers to view your house at their own convenience? Making sure you're available at the potential customer's advantage is something which can make or break your deal. If you are seen as unavailable, even though your reasons for not meeting the Buyer are legitimate, your buyer may opt to check at another home, if they're especially anxious to locate something.
5. Alternate homes for sale ottawa Tronto Strategy
If you don't get an interested buyer at the timeframe you had allowed yourself to sell your house, have you got a plan to alter your strategy? If you decide to lower your asking price, what new price should you pick? Rather than lowering your cost, is there any more advertisements you can perform?
6. Suitable for Viewing
Is your house ready to be shown to the public? Do you understand what key items you can do now to make sure your house shows in the best way possible to attract the highest bidder?
If you're not certain of some of these items, we'd be very happy to go over our Smart Seller Program with you. It is a stepped program which lets you attempt promoting your Ottawa real estate by yourself, but with the added plus of getting our group of professionals there to help you in the event that you require it.
Are you thinking about buying an investment property in the Town of Ottawa but do not think that you can afford it? Have you always wanted to become a landlord, but you're not searching for a property to purchase because you don't have the down payment? Well, there can be another solution for you.
If you have your own house in Ottawa, it's possible that you could purchase an investment home with no money down. Here's 1 option which may be available to you, the homeowner.
Were you aware that you are able to mortgage your home for as much as 75\% of its appraised value? If your existing mortgage is less than 75\% of your home's assessed value, you can use the extra amount as a deposit on an investment property. Let's look at an example.
Let's say you bought a property 10 years ago for $200,000.00. In the time of purchase, you organized a fresh mortgage on your own property for $150,000.00. You've been making routine bi-weekly mortgage payments for ten years and you owe about $100,000.00 in your mortgage. You find a fantastic investment property that you would like to buy but you are not positive if you're able to afford it.
You go to your bank and the bank arranges an appraisal in your existing home that you have. The appraisal comes back in $280,000.00. Since the bank will permit you to mortgage your Ottawa home up to 75\% of its appraised value, now you can mortgage your house for $210,000.00. You still have your existing mortgage in the amount of $100,000.00, but if you refinance and place a new first mortgage on your premises, you'll have an extra $110,000.00 you can use as a down payment on your investment home.
Obviously you do not need to use all this additional cash, but it is there if you need it. If you find an investment property that you would like to purchase that needs some TLC, you can use some of this money for the improvements should you like. Voila! You have just purchased a great investment property with no money down!
Naturally, there are a number of different points to consider, such as rent, utilities, realty taxes, and insurance. Also, any additional expenses that you incur as a consequence of this extra financing, such as an increase in mortgage payments, should be reimbursed to you from the rental proceeds of the investment property.
Make sure you speak to an investment adviser before implementing any plan, but know that if you are a homeowner, the equity you've built up in your home may just be the down payment you need to buy an investment property in the Ottawa region.
Ray Otten is the owner of OttawaProperties.com, Ottawa's leading property group. Their team approach makes it possible to save money and effort by selling your house in Ottawa for more money in less time. Their Best townhouses for sale in toronto specialist Sales Representatives will help you in locating the perfect home for you and your loved ones inside the competitive Ottawa housing market, by establishing their High Energy Home Buyer action program.
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greatcanadianmortgages · 10 months ago
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topinforma · 8 years ago
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New Post has been published on Mortgage News
New Post has been published on http://bit.ly/2ragAns
Major Metro Areas Spur on Strong Canadian Credit Performance in Q1 2017
Consumers in major Canadian markets outside of oil-rich provinces led the nation’s strong credit performance in the first quarter of 2017, according to TransUnion’s (NYSE: TRU) latest Canada Industry Insights Report.
Canada’s average consumer non-mortgage debt levels rose nearly 2% in the last year to conclude Q1 2017 at $21,696. Conversely, the 90+ day non-mortgage account delinquency rate dropped to 2.72%, down nearly 1.5% from one year prior. Much of the annual delinquency declines were observed around major cities in Ontario and Quebec, including Toronto (down 7.55%), Montreal (down 2.51%) and Ottawa (down 2.37%).
“The consumer credit market in Canada is expanding, and is doing so in a healthy manner,” said Matt Fabian, director of research and consulting for TransUnion Canada. “More consumers are gaining access to credit, and credit limits have been increasing at a strong rate during the last two years. At the same time, serious delinquency rates have remained relatively low. It’s especially encouraging to see some major Canadian markets lead the way in delinquency declines and credit growth, as it bodes well for Canada’s overall economic activity.”
Average Consumer Non-Mortgage Debt Levels
Yearly Debt Level Pct. Change
90+ Day Non-Mortgage Account Delinquency (DQ) Rates
Yearly DQ Change
Geography
Canada
$21,696
1.90%
2.72%
-1.45%
Calgary
$28,184
0.45%
2.89%
6.64%
Edmonton
$24,354
0.36%
3.68%
4.84%
Montreal
$15,876
1.23%
2.72%
-2.51%
Ottawa
$20,234
1.70%
2.47%
-2.37%
Regina
$22,585
-0.46%
3.50%
2.34%
Toronto
$20,918
3.02%
3.06%
-7.55%
Vancouver
$25,579
4.27%
2.20%
1.85%
Winnipeg
$17,565
2.35%
2.96%
-3.90%
Consumer Credit Performance of Major Canadian Metro Areas
TransUnion’s report also found that Canadian access to and use of credit continues to expand. Non-mortgage balances and limits grew 1.6% and 2.3% respectively in Q1 2017.
Looking deeper into specific areas of growth, the number of consumers carrying a balance on a credit card rose to 20.4 million as of Q1 2017. This is a 3.5% increase from the 19.7 million tally as of Q1 2015. Subprime consumers have participated in this expansion, with the number of subprime consumers with access to a card growing nearly 14% from 2.1 million in Q1 2015 to 2.5 million in Q1 2017. Meanwhile, trends in more recent quarters have shown a shift back to higher card access growth in prime and better risk tiers as lenders continue to balance their portfolio risk.
While TransUnion has observed a credit expansion, borrowers continue to perform relatively well on their accounts. Serious non-mortgage account delinquency rates fell 1.5% in Q1 2017 from the prior year. Meanwhile, serious delinquency rates for subprime borrowers dropped 9.4% in the last two years.
“While delinquency rates for subprime borrowers generally are much higher than other risk groups, it’s a positive sign to see delinquencies decline even as more consumers in this risk group gain access to credit,” said Fabian. “It appears that we are at a point where lenders feel they can take on more risk, which benefits consumers who are seeking credit.”
Inside Auto Lending: Auto Loan Market Continues to Expand
Auto lending continued to be one of the fastest growing segments in the Canadian consumer credit marketplace during Q1 2017. Average balances rose 2.75% in the last year to $18,783 in Q1 2017. At the same time, serious delinquency rates (accounts 60 days or more past due) remained essentially flat in Q1 2017 (1.70%) compared to Q1 2016 (1.67%).
“Despite an extended period of growth, auto loans continue to perform extremely well. More prime and above consumers are originating auto accounts and at higher amounts, while delinquency rates remain at historically low levels,” said Fabian.
On a yearly basis, originations grew by just over 6% in the last quarter of 2016. Originations are viewed one quarter in arrears to account for reporting lag. As originations increased, the percentage of lower-risk consumers originating auto loans expanded over the past year.
In Q4 2015, non-prime (the combination of subprime and near prime) consumers accounted for 37% of originations. In Q4 2016, the share of non-prime originations decreased slightly to 35%. Originations in the prime plus and super prime tiers grew at 10.4% and 12.2%, respectively, over that time period.
The average amount financed for newly originated auto loans increased by 3.2% in Q4 2016. All risk tiers saw yearly increases in average new account balances, with the highest percentage growth observed in super prime (4.9%) and prime (4.8%) consumer risk tiers. This reverses a trend observed the prior year; in 2015 TransUnion observed the greatest growth in average amount financed among subprime and near prime consumers.
“Auto delinquency rates remain at nicely controlled levels. The fact that delinquencies have not materially increased over the past year despite the higher growth by below-prime consumers seen in 2015 is especially encouraging—consumers across the risk spectrum are taking care of their auto loans.” said Fabian.
More information about the Q1 2017 TransUnion Canada Industry Insights Report can be found here. Among the details are more information about auto, installment and lines of credit balance and delinquency rates.
About TransUnion Canada Industry Insights Report
TransUnion’s Canada Industry Insights Report is an in-depth, full population-based solution that provides statistical information every quarter from TransUnion’s national consumer credit database, aggregated across virtually every active credit file on record. Each file contains hundreds of credit variables that illustrate consumer credit usage and performance. By leveraging the Industry Insights Report, institutions across a variety of industries can analyze market dynamics over an entire business cycle, helping to understand consumer behaviour over time and across different geographic locations throughout Canada. Businesses can access more details about and subscribe to the Industry Insights Report at http://www.transunioninsights.ca/IIR/.
About TransUnion (NYSE: TRU)Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion reaches consumers and businesses in more than 30 countries around the world on five continents. Based in Burlington, Ontario, TransUnion provides local service and support throughout Canada. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide. We call this Information for Good. Visit www.transunion.ca to learn more.
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greatcanadianmortgages · 10 months ago
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greatcanadianmortgages · 11 months ago
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stephaniefchase · 8 years ago
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Bajan Newscap 3/5/2017
Good Morning #realdreamchasers! Here is your daily news cap for Sunday 5th March 2017. Remember you can read full articles via Barbados Today (BT) or by purchasing a Sunday Sun Newspaper (SS).
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PM: WE AREN’T BORROWING – Prime Minister Freundel Stuart is not worried about the country’s latest downgrade by international rating agency Standard & Poor’s. That’s because his Government has no plans to borrow money on the international market. Stuart told a gathering of Democratic Labour Party (DLP) members and faithful yesterday he would instead be focusing his efforts on keeping Barbados’ economic growth on the upswing. The DLP president was in an upbeat mood during the party’s  mid-year conference at Queen’s College when he briefly dealt with Friday’s downgrade of the country’s long term credit rating by S&P from B to CCC+. (SS)
DLP PROUD OF ITS RECORD – Despite economic downgrade number 19 in nine years under the Democratic Labour Party (DLP), Minister of Commerce Donville Inniss is urging party faithful to hold their head up and be proud of the achievements of the Freundel Stuart administration. Speaking today at the party’s conference entitled ‘Facts’, held at the Queens College auditorium, Inniss said that upon reflection he was “amazed at the amount of work” which the Government has done. Standard and Poor’s (S&P) announced yet another downgrade for the island yesterday, this time to ‘CCC+/C’, based on Government’s limited financing alternatives and low international reserves. And if the conditions do not improve, there will be a further downgrade within the next year, S&P warned. It also explained that its negative outlook reflected its view that Government was either unable or unwilling to take timely steps to redress the situation. However, Inniss contended that if the tables were turned and the Opposition Barbados Labour Party (BLP) took the reins of Government, they would not have done any better under the same harsh economic climate. “There are those who are going to come around, whether it be on social media or at your doors, and they are going to criticize everything that we have done and say we have done nothing. I ask you simply to ask them; what would they do if they were in our position under the circumstances? They would not give you an answer. Take that moment of silence from their end and use it to remind them of all things we have done as a Government in the last eight years.” Inniss also suggested that dividend for the sacrifice of the Barbadian people was right around the corner and now was not the time to give it up to the BLP. “Now is the time for all of us to band together and roll up our sleeves and get into the trenches and get on the road towards winning the next election whenever [Prime Minister] Freundel [Stuart] calls that election,” Inniss added. (BT)
BARBADIANS NOT SO BAD OFF – Minister of Social Care Steve Blackett has accused the Barbados Labour Party (BLP) of painting a much darker picture of the Barbadian standard of living. He said the social work done by the Freundel Stuart administration strongly refutes any aspersions that Barbadians were “walking around with their bellies to their backs”. Blackett made the comments during the Democratic Labour Party (DLP) ‘mid-term review’ dubbed ‘Facts’, held at the Queens College auditorium this morning, “Never has there been a party that has described Barbadians in some of the worse terms and pejorative language as the Barbados Labour Party. They say they are eating Ramen (noodles) and spaghetti and sardines, as if eating sardines should be worn as a badge of dishonor,” Blackett said. “I certainly prepare sardines at least twice per week and they are extremely protein-rich and nourishing. They paint Barbados in the worse possible light and certainly doesn’t reflect the range social services in Barbados.” In the wake of Standard and Poor’s latest downgrade, Blackett maintained that Barbados still has the right balance of economic and social pursuits. While several economic pundits have recommended that a fiscal debt reduction strategy should see Government shedding some of the state’s social care obligation, Blackett was adamant the governing DLP party should be proud of their record in this department. “We in the Ministry of Social care have accepted our role in ensuring this model of governance is achieved through our own policies and programmes especially in the area of socially balancing our country,” Blackett said. “We have undertaken to provide 60 per cent of the social services available to the citizens of this country. We have set about this task by first of all planning for the individual demographic spread of the persons who present to our agencies on a daily basis,” he added.  (BT)
EXPECT A LOWERED DEFICIT - Barbados is climbing out of its deficit hole, and in three days the country will hear that Government has cut almost $100 million in spending in the 2016-17 financial year, Finance Minister, Chris Sinckler said today. Delivering a report on the work of his ministry to a mid-year conference of the Democratic Labour Party, Sinckler said that his presentation of the estimates for the 2017-18 fiscal year will show that Government managed to take the deficit below the eight per cent projected in March 2016 when the last Estimates were presented. Additionally, Sinckler said in the Queens College auditorium that he will announce an even lower projected deficit for the next financial year. The Finance Minister told the party faithful at the conference, where most Cabinet ministers reported on work done in their ministries, that following the estimates projection of a 7.9 per cent deficit, “we made a concerted effort behind our intent that eight per cent was too high”. Sinckler said that this amount of savings has positioned Government to aim for a much smaller deficit in the next financial year. He said that the new deficit target could be made even lower once the sale of the Barbados National Terminals Company Limited’s assets is completed. The projects include construction work at the Sam Lord’s Castle site for the Wyndham Hotel, the handover of the Development Bank of Latin America (Corporation Andina de Fomento, or CAF) bridging loan for work at the Barbados Revenue Authority installation of scanners for  Customs, and a Caribbean Development Band Student Revolving Fund loan. He went on to explain that, “rather than reporting $681 million [foreign reserves] at the end of December 2016, we would have been reporting [over $800 million] which would have been above the 12 weeks of imports. Asserting that the DLP is achieving results, the Finance Minister told party members, “all it requires is a little time and some patience. “Everybody wants everything to be turned around one time. It cannot be done like that,” Sinckler added. (BT)
NUPW CALLS ON MALONEY TO RESIGN - Get to stepping! The National Union of Public Workers (NUPW) has written former president Walter Maloney, demanding that he immediately resign from the Severance Payments Tribunal.  The letter, signed by general secretary Roslyn Smith, was sent off to the former public sector union boss last month. Current president Akanni McDowall said Maloney was yet to respond, in spite of being requested to do so before February 17. “We have not received any official correspondence from him or the ministry saying that he resigned,” McDowall told the SUNDAY SUN in a recent interview. (SS)
TOO LATE FOR ADVISORY COUNCIL – As far as the Barbados Labour Party (BLP) is concerned, the formation of any economic advisory council by the Democratic Labour Party right now is simply putting the cart before the horse. That’s because Minister of Finance Chris Sinckler’s announcement last week of an advisory council came after the plans for the Estimates of Revenue and Expenditure were already in motion. BLP chairman George Payne pulled no punches yesterday while making those comments to journalists during the party’s weekly community tours. Speaking in 2nd Avenue, Thomas Gap, Westbury Road, Payne said: “This administration would like to make you believe that the appointment of advisory committees is the solution to the problems facing Barbados. (SS)
ECONOMIST WARNS COMPANIES MAY RELOCATE – A former Central Bank economist is warning that the most recent downgrade could lead to more companies moving their headquarters from Barbados. Winston Moore, a professor of economics at the Cave Hill Campus of the University of the West Indies (UWI) and the head of the campus’ Department of Economics, said Barbadians should now have no doubts about the effects of downgrades on the economy and Government financing. He said the Standard & Poor’s (S&P) downgrade of the country’s long-term foreign and local currency to CCC+/C meant the country’s debt was considered “substantially risky”.  He added: “There are only five categories lower than this rating category in the S&P rating scale. In addition, we are now six categories below investment grade – a category that would enable financial institutions within and outside of Barbados to lend us money without significantly increasing their own risk ratios.” (SS)
NO CHUM OR HOLDERS FESTIVAL THIS YEAR - The death knell may be sounding for two major winter tourism events that have attracted scores of visitors to Barbados. The Canadian radio promotion Chum FM Breakfast in Barbados and the Holders Season, held between March and April, are off this year’s cultural calendar and it is unsure when or if either will return. The Chum FM Breakfast in Barbados show has been broadcast from Barbados for the last 30 years with winners in the promotion enjoying a week on the island along with several of their guests. The radio station’s daily prime time broadcasts are relayed from Barbados to millions of listeners in some of Canada’s provinces including Toronto, Vancouver, Calgary and Ottawa. The highlight is a concert which has over the years seen international artistes such as Jennifer Hudson and Michael Bublé performing in Barbados. (SS)
RDC AWARE OF ELDERLY COUPLE’S PLIGHT - The Rural Development Commission (RDC) has confirmed that it is aware of the plight of an elderly St John’s couple. Wilson and Louise Yearwood have been living in a dilapidated government–sponsored home for more than 15 years. In an article published on March 2, Barbados TODAY highlighted the elderly couple’s predicament. The one–bedroom wooden structure, which is in urgent need of repair, stands in Clifton Hall, St John, with holes in the roof and evidence of rodents in the environs. Following the publication of the article, a press release was issued by the RDC, which confirmed that 75–year–old Louise Yearwood was indeed one of their clients. Acting Director, Randolph Outram indicated that the RDC had previously done repairs to the house and Yearwood did return for additional assistance. However, as it relates to repairing the deteriorating home, the RDC acting director did not specify when repairs will commence or if a site visit will be conducted. “The RDC will endeavour to render that assistance as soon as it is in a position to do so,” Outram said. (BT)
WORRELL: I AM INNOCENT – “I DID nothing wrong.” Fired Central Bank Governor, Dr DeLisle Worrell, also charged he was never given a chance to defend against certain “allegations” and have a proper determination. Further, he described the initially botched attempt to remove him as against natural justice, the bank and employment rights legislation as well as “an abuse of discretion”. In addition, Worrell, who was also chairman of the board, warned the action then contemplated by Minister of Finance Chris Sinckler would cause “further long-term damage to Barbados’ image on the international financial market”. (SS)
COMMISSION TO CHALLENGE HYATT DECISION – Political activist David Comissiong will be legally challenging Government’s decision to approve construction of the new Hyatt hotel just outside Bridgetown. Comissiong, leader of the People’s Empowerment Party (PEP), said he will be going to the Supreme Court to have Prime Minister Freundel Stuart’s permission set aside. The permission was granted last month, and Comissiong expects to file his suit sometime this month. “I am definitely going to ask the Supreme Court of Barbados to carry out a judicial review to grant Mark Maloney’s company permission to build a 15-storey hotel on Bay Street,” he confirmed. (SS)
LOVER LOSES IN COURT – A recent ruling by the Court of Appeal has dealt a blow to the inheritance rights of the “outside” partner in a cohabiting relationship in which one companion is married. The court, comprising Chief Justice Marston Gibson and Justices of Appeal Sandra Mason and Kaye Goodridge, overturned a 2010 ruling by High Court Judge Olson Alleyne that a man who was separated from his wife, but not divorced, could be regarded as single. The panel ruled last month that in order to claim inheritance or to succeed to the estate of the man at the centre of the case, the claimant must have first cleared the hurdle of being classified as a spouse – a minimum five-year live-in relationship after a divorce. The appeal was brought by Albert Tony Selby, the brother of the deceased, Bertie Selby. The respondent was Katrina Smith, who was the lover of Bertie Selby. (SS)
MOTHER SEEKING JUSTICE - A mother wants to know if there is more than one law covering police brutality. Cheryl Cadogan has questioned why no indictments have been laid in her son’s claim after she read in the WEEKEND NATION that two police officers had been charged with the alleged beating of 20-year-old Nazim Blackett last year. Cadogan wants further clarification from the Director of Public Prosecutions and the Commissioner of Police as to why officers were not charged in connection with the brutal beating of her son, Andrew Pollard, in 2014, at the same District “A” Police station. The angry woman told the SUNDAY SUN that the circumstances were too similar to have two different outcomes as she, like Blackett’s mother, Tracey, had publicly complained about her son’s “life-threatening injuries”. (SS)
YOUNGER FOLK MAKING EARLY BURIAL PLANS - Many barbadians, some in the prime of their lives, are pre-planning their funeral arrangements – from final resting places to the clothes they want to be buried in and the hymns to be sung.  Church leaders and funeral directors said that while this was nothing new, they were witnessing increasing numbers make early arrangements, even going as far as taking out loans in the knowledge that death not only causes grief, but also financial issues. Investing in a burial plot seems to be high on the death checklist. Peter Griffith, managing director of two private burial grounds, told the SUNDAY SUN that people were snapping up plots at Coral Ridge Memorial Gardens, Christ Church, and Mount Pleasant, St Peter, for themselves and their families. (SS)
DORSETT KEEPS GOLD CUP AT HOME - Dorsett became the third horse to win back-to-back Sandy Lane Gold Cups when he won the 36th running of the Caribbean’s most prestigious race at the Garrison Savannah this evening. After the exciting finish there was a lengthy stewards’ inquiry on the winner but it was made final at the end and the positions stood. As the gates opened Dorsett broke dead last, his fans and bettors seemed upset and possibly thought all hope was lost. Four furlongs out and Dorsett was still last as fans began to turn their backs as second place finisher the Ken Ramsey entry High Noon had kicked for home. But like a bullet from a gun Dorsett rocketed from last to first to grab the lead and send the Grandstand into an uproar. (BT)
CHAMPION IN THE MAKING – Jalon Samuel is starting to make a move on the leaders. At just 23 years old, the Brittons Hill resident has already become one of Barbados’ greats, having joined an illustrious group of jockeys with three or more Gold Cup victories after yesterday’s historic ride aboard Dorsett. With yesterday’s success to add to wins in 2012 and 2016, Samuel has been just the sixth rider to win the southern Caribbean’s biggest race at least thrice, following in the footsteps of the legendary Emile Ramsammy (1985, 87, 88), Venice Richards (1986, 89, 91, 92), Patrick Husbands (1990, 2006, 2010, 2014) Andy Ward (1999, 2008, 2009) and Jono Jones (2000, 2001, 2002, 2003). “He’s just too good as he does what he does so well. He shouldn’t be here. Jalon should be out there riding.  (SS)
TRUMP ACCUSES OBAMA OF TAPPING HIS PHONE - US President Donald Trump has accused his predecessor of wire-tapping his phone a month before he was elected. President Trump tweeted early on Saturday: “Terrible! Just found out that Obama had my “wires tapped” in Trump Tower just before the victory. Nothing found. This is McCarthyism!” He went on to say that a court had earlier denied a wiretap request. The US president has given no details to back up the claim – or suggested which court order he was referring to. Media reports in the past few weeks have suggested the FBI had sought a warrant from the foreign intelligence surveillance court (Fisa) last summer in order to monitor members of the Trump team suspected of irregular contacts with Russian officials. The warrant was first turned down but then approved in October, according to the media reports. There has been no official confirmation and it is also not clear if this evolved into a full investigation. There has been no comment yet from ex-President Barack Obama. Mr Trump tweeted: “I’d bet a good lawyer could make a great case out of the fact that President Obama was tapping my phones in October, just prior to the Election.” He called the alleged tapping “a new low” and said “This is Nixon/Watergate” – referring to the most notorious political scandal of 1972, which led to the downfall of President Richard Nixon after a web of political spying, sabotage and bribery was exposed by the media. He also called it McCarthyism – the persecution for US Communists and their allies led by Senator Joe McCarthy in the 1950s. (BT)
SCHWARZENEGGER LEAVES CELEBRITY APPRENTICE - Arnold Schwarzenegger said on Friday he will not be back for another season of NBC’s reality show The Celebrity Apprentice, blaming U.S. President Donald Trump’s ongoing role as executive producer for low ratings. Action movie star Schwarzenegger took over as host of Celebrity Apprentice last year. His first season, which premiered in January, has been watched by around 4 million to 5 million viewers. “Everyone – from the celebrities to the crew to the marketing department – was a straight 10, and I would absolutely work with all of them again on a show that doesn’t have this baggage,” Schwarzenegger said in a statement. The actor’s representative said Schwarzenegger would not be returning for a second season. News that Trump will retain an executive producer credit on the show, which usually involves a payment, caused a media furore in December about potential conflicts of interest. Trump mocked Schwarzenegger and the 43 per cent fall in the coveted 18-to-49-year-old audience for the show's January premiere, sparking a Twitter fight between America’s two biggest celebrities-turned-politicians. “Wow, the ratings are in and Arnold Schwarzenegger got ‘swamped’ (or destroyed) by comparison to the ratings machine, DJT,” tweeted Trump. “I wish you the best of luck and I hope you’ll work for ALL of the American people as aggressively as you worked for your ratings,” Schwarzenegger tweeted back.  (SS)
That’s all for today folks. There are 299 days left in the year Shalom! #thechasefiles #dailynewscaps Follow us on Twitter, Facebook & Instagram for your daily news. #bajannewscaps #newscapsbystephaniefchase
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