Kolbi Turner

11/03/2026

🍂 The holiday season is just around the corner! 🎄✨ While it’s a great time to celebrate, connect with family and friends, and enjoy a little extra spending, it’s also easy for expenses to add up quickly.

Here are 3 simple ways to keep your spending in check:

💰 1. Set a Budget – Decide what you’re comfortable spending before the season gets busy.

🛍️ 2. Plan Ahead – Make a list, shop with intention, and take advantage of sales rather than impulse buying.

🎯 3. Prioritize What Matters – Focus on experiences and time with loved ones rather than feeling pressured to spend more.

A little planning now can help you enjoy the season without the financial stress in the new year! 🥂

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10/29/2026

https://www.facebook.com/share/p/1MqGFM292R/

3 years of making financial content, and my inbox has taught me something most guides get wrong.

A student messages asking if buy-now-pay-later actually hurts their credit.

A newcomer asks why their credit score reads as basically nothing.

A new parent asks what to do with their first paycheque.

A retiree asks what happens the year their RRSP forces their hand.

Different questions. Different ages. Same problem every time I went looking for somewhere to send them — every resource I found was built for ONE group.

So instead of sending different people to different half-fitting resources, I built the one thing I kept wishing existed.

The Canadian Guide to Money at Every Age — 14 chapters, covering every stage:

kids just learning what money is,
teens opening their first account,
students, newcomers starting from zero,
first-time buyers,
new employees figuring out their first paycheque,
investors, couples, single parents, and retirees.

One guide. Whatever stage you're in, there's a chapter written for exactly where you are.

👉 Link in bio or Comment "Learn" and I'll send the link to you.

10/28/2026

A small increase today which will effect variable rate mortgages as well as lines of credit. One more meeting this year in December. If you have any questions on how this effects you feel free to contact me. This to shall pass. 😊

10/26/2026

🏡 Thinking about downsizing, but not ready to sell? Or not thrilled about selling in today's market? 🤔

You're not alone, and you may have more options than you think. 💡

Here's an idea worth knowing about if you're 55+ and have built up equity in your home:

1️⃣ Stay put. You keep living in your current home. 🛋️
2️⃣ Use your equity. A reverse mortgage may let you tap into it, with no regular monthly payments required. 💰
3️⃣ Buy your next place now. Pick up a smaller condo, townhome, or rental while the market is soft and there may be more selection and room to negotiate. 🔑
4️⃣ Sell on YOUR timeline. When the market recovers and the time is right, sell the larger home, repay the reverse mortgage, and move on your terms. 📈

✅ No pressure to sell at the bottom
✅ A head start on the lifestyle you actually want
✅ Possible solution if carrying two properties is a qualification challenge

⚠️ To be upfront: this isn't for everyone. Interest accrues on a reverse mortgage, there are costs involved, and the plan depends on selling your current home later. The market can take longer to recover than expected. That's exactly why I walk through the real numbers with you first, with no pressure and no obligation. 🤝

With 20 years of experience helping BC families with their mortgages, I'm happy to see if this could make sense for you. 😊

📩 Message me or call 604-308-0193 for a friendly, no-obligation chat.

👀 Know someone who's been wondering about downsizing? Tag them or share this post! 👇

Vancouver

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10/20/2026

Did you know your bill payment habits play a major role in shaping your financial destiny? Here's why timely and full payments are the real MVPs:

1️⃣ Boost Your Credit Score: On-time payments build a solid credit history, opening doors to better interest rates and financial opportunities.

2️⃣ Avoid Late Fees: Timely payments save you from those pesky late fees, leaving more money in your pocket where it belongs.

3️⃣ Build Financial Discipline: Consistent, full payments create a habit of financial responsibility, setting you up for long-term success.

4️⃣ Stress-Free Finances: No more worrying about overdue bills! Enjoy peace of mind knowing your financial house is in order.

⚖️ Make paying bills on time and in full your financial superpower! 💪💰

Let's conquer our financial goals together!

10/19/2026

Canadian CPI Inflation Edges Up to 3.1% As Core Measures Ease.
Canadian CPI Inflation Edges Up to 3.1% in September, While Core Inflation Slowed Further Below Its 2% Target
The Consumer Price Index (CPI) rose 3.1% year over year in September, up from 3.0% in August. Higher gasoline prices led the acceleration in September (+27.8%) compared with August (+22.8%). Excluding gasoline, the CPI rose 2.2%, after increasing 2.4% in August.

Moderating the acceleration in the all-items CPI in September were smaller year-over-year price increases for travel tours and groceries compared with the previous month.

The CPI increased 0.1% month over month in September. Seasonally adjusted, the CPI rose 0.4%.

Energy prices accelerated in September, rising 19.0% year over year after a 15.4% gain in August. Crude oil prices rose in September, reaching their highest level since May amid ongoing uncertainty about the wars in the Middle East, which pushed up gasoline and fuel oil prices.

Year over year, prices for gasoline rose at a faster pace in September (+27.8%) compared with August (+22.8%). The switch to the less expensive winter blend moderated the increase in gasoline prices in September.

Similarly, prices for fuel oil and other fuels rose 57.8% year over year in September, following a 43.7% increase in August. The price increase in September had a greater impact on consumers in Atlantic Canada, where fuel oil is more widely used.

Prices for food purchased from stores rose 1.7% year over year in September, after increasing 2.8% in August. Although price levels remain high, this was the smallest yearly increase since May 2024 (+1.5%), and the second consecutive month where grocery price growth increased at a slower pace than the all-items CPI.

Driving the year-over-year slowdown in grocery prices in September 2026 were declines in prices for fresh vegetables (-2.9%) and sugar and confectionery (-2.7%). Prices for other food preparations (+1.8%) and fresh or frozen beef (+8.7%) rose at a slower pace in September than in August (+2.8% and +11.0%, respectively), also contributing to the slowdown.

Despite the year-over-year slowdown in grocery prices, prices have increased 33.0% since September 2020.

In September, shelter prices rose 1.8% year over year, up from a 1.5% increase in August. In addition to higher prices for fuel oil and other fuels (+57.8%), faster price growth in homeowners’ home and mortgage insurance (+4.9%) and homeowners’ maintenance and repairs (+1.2%) drove the acceleration.

The homeowners’ replacement cost (-1.9%) and mortgage interest cost (-0.2%) indexes fell at the same rate in September as they did in August. Meanwhile, rent prices rose 2.8% year over year, matching the August increase.

In addition to the slowdown in core measures, the share of CPI components rising at 3% or higher fell to 29.2% from 34.2% in August.

Year over year, prices rose faster in five provinces in September than in August, mainly because of higher prices for gasoline and fuel oil.

Excluding energy, inflation was higher in Nova Scotia (+3.3%), Prince Edward Island (+2.6%), New Brunswick (+2.6%), and Newfoundland and Labrador (+2.4%) in September, compared with the national movement (+2.1%). At the provincial level and on a year-over-year basis, rent prices rose at the fastest pace in Atlantic Canada.

Economists surveyed by Bloomberg had expected the headline inflation rate to tick up to 3.2% in September from 3% in August, and yearly change for the Bank of Canada’s preferred core measures to remain the same.

The Canadian dollar trimmed its gains after the report. It still remained stronger on the day against the US currency, trading 0.3% up to C$1.4101. The loonie has advanced about 1% so far in October.

Traders in overnight swaps placed the odds of a rate hike this month at nearly 70% prior to the CPI release, and edged back slightly after the smaller-than-expected increase in price growth.

Bottom Line

Today’s inflation report reinforces our view that higher gasoline prices temporarily boost headline inflation while further eroding household purchasing power. However, these energy-driven increases, largely tied to geopolitical tensions, are unlikely to trigger a broader resurgence in underlying inflation. While food and shelter continue to account for a disproportionate share of price growth, inflationary pressures across the economy are generally moderating amid slowing domestic demand.

At the same time, recent labour force data has underscored some of the economic vulnerabilities facing Canada as the US trade war drags on. Employment fell in Canada by 41, 200 since the end of last year, the largest year-to-date loss since the 2009 financial crisis, excluding 2020 during the Covid-19 pandemic

The duration of the disruption in the Strait of Hormuz remains a key risk. The longer the shipping route remains closed, the longer energy prices are likely to remain elevated. Even so, the September data support our base-case scenario that the Bank of Canada will remain on hold at its October 28 meeting. Policymakers will continue to closely monitor incoming inflation data and stand ready to tighten policy if price pressures broaden and become more persistent. Still, for now, underlying inflation trends in Canada remain consistent with a patient, wait-and-see approach.

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10/09/2026

👋 Did you know that regularly checking your credit score is a smart move for your financial well-being? Here's why it matters:

1️⃣ Stay Ahead of Fraud: Spot and stop any suspicious activity before it becomes a headache.

2️⃣ Navigate Your Financial Journey: Your credit score is like a roadmap for your financial goals. Know where you're at to plan your route effectively.

3️⃣ Unlock Better Deals: A healthy credit score opens doors to lower interest rates on loans and credit cards. Who doesn't love saving some extra cash?

📆 Mark your calendar to check your credit score regularly – it's a small effort for a big financial payoff! 💪💰

Let's empower ourselves to make informed financial decisions!

Send a message to learn more

10/05/2026

Could the quiet expiry of the foreign buyers ban be what this sluggish market needs? January 2027 a new beginning?

The Canadian government’s ban on home ownership by foreigners appears to be in line for a major rethink.

The “Prohibition on the Purchase of Residential Property by Non-Canadians Act” first surfaced during the 2021 federal election campaign. It was supposed to reduce housing demand and ease prices that had spiraled out of reach for many hopeful buyers.

The act was implemented in 2022 and is set to expire on January 1, 2027. A report by the law firm Borden, Ladner and Gervais (BLG) says “the Carney government is actively considering a new approach rather than a straight extension of the current prohibition.”

The restrictions do have strong public support. A poll taken last year suggests 76% of Canadians are in favour of the ban but several analysts say it has not been effective.

Economist Michael Moffatt, founding Director of the Missing Middle Initiative, said the ban largely duplicated other rules that were in place to discourage owners, foreign and domestic, from leaving homes vacant.

“The rules were … redundant. This really just created another set of red tape, but it didn’t really seem to accomplish a whole lot,” he said.

The government has not said what it plans to do, but the BLG report says Ottawa is looking at Australia’s tiered exemption model. Those rules allow foreign investment in vacant land, new builds, and large-scale redevelopment projects.

There have also been calls to loosen ownership rules for Americans.

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09/16/2026

https://www.facebook.com/share/p/19UEW3gbZP/

Moving out doesn’t always mean getting off the family payroll. 💸

A new RBC report found 51% of Canadian parents surveyed with adult children aged 18 to 40 provided them with financial support over the past year.

Groceries were the most common expense parents helped cover, followed by emergencies and rent. Those who provided support gave an average of $6,151.

09/02/2026

Well no surprise here....This no change affects variable rate mortgages and loans attached to prime. Now we need to see what direction the Canadian bond market goes in to get a sense of where fixed rates will be. If you have a mortgage coming due and want to talk about possible options I am here to help.