Motivational 23 April 2021

13 Things You Should Give Up If You Want To Be Successful

13 Things You Should Give Up If You Want To Be Successful

”Somebody once told me the definition of hell:

“On your last day on earth, the person you became will meet the person you could have become.” — Anonymous

Sometimes, to become successful and get closer to the person we can become, we don’t need to add more things — we need to give up on some of them.

There are certain things that are universal, which will make you successful if you give up on them, even though each one of us could have a different definition of success.

You can give up on some of them today, while it might take a bit longer to give up on others.

1. Give Up On The Unhealthy Lifestyle

“Take care of your body. It’s the only place you have to live.” — Jim Rohn

If you want to achieve anything in life, everything starts here. First you have to take care of your health, and there are only two things you need to keep in mind:

1. Healthy Diet

2. Physical Activity

Small steps, but you will thank yourself one day.

2. Give Up The Short-term Mindset

“You only live once, but if you do it right, once is enough.” — Mae West

Successful people set long-term goals, and they know these aims are merely the result of short-term habits that they need to do every day.

These healthy habits shouldn’t be something you do; they should be something you embody.

There is a difference between: “Working out to get a summer body” and “Working out because that’s who you are.”

3. Give Up On Playing Small

“Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people will not feel insecure around you. We are all meant to shine, as children do. It is not just in some of us; it is in everyone, and as we let our light shine, we unconsciously give others permission to do the same. As we are liberated from our fear, our presence automatically liberates others.” – Marianne Williamson

If you never try and take great opportunities, or allow your dreams to become realities, you will never unleash your true potential.

And the world will never benefit from what you could have achieved.

So voice your ideas, don’t be afraid to fail, and certainly don’t be afraid to succeed.

4. Give Up Your Excuses

“It’s not about the cards you’re dealt, but how you play the hand.”

 Randy Pausch, The Last Lecture

Successful people know that they are responsible for their life, no matter their starting point, weaknesses, and past failures.

Realising that you are responsible for what happens next in your life is both frightening and exciting.

And when you do, that becomes the only way you can become successful, because excuses limit and prevent us from growing personally and professionally.

Own your life; no one else will.

5. Give Up The Fixed Mindset

“The future belongs to those who learn more skills and combine them in creative ways.”― Robert Greene, Mastery

People with a fixed mindset think their intelligence or talents are simply fixed traits, and that talent alone leads to success — without hard work. They’re wrong.

Successful people know this. They invest an immense amount of time on a daily basis to develop a growth mindset, acquire new knowledge, learn new skills and change their perception so that it can benefit their lives.

Remember, who you are today, it’s not who you have to be tomorrow.

6. Give Up Believing In The “Magic Bullet.”

“Every day, in every way, I’m getting better and better” — Émile Coué

Overnight success is a myth.

Successful people know that making small continual improvement every day will be compounded over time, and give them desirable results.

That is why you should plan for the future, but focus on the day that’s ahead of you, and improve just 1% every day.

7. Give Up Your Perfectionism

“Shipping beats perfection.” — Khan Academy’s Development Mantra

Nothing will ever be perfect, no matter how much we try.

Fear of failure (or even fear of success) often prevents us from taking an action and putting our creation out there in the world. But a lot of opportunities will be lost if we wait for the things to be right.

So “ship,” and then improve (that 1%).

8. Give Up Multi-tasking

“You will never reach your destination if you stop and throw stones at every dog that barks.”  Winston S. Churchill

Successful people know this. That’s why they choose one thing and then beat it into submission. No matter what it is — a business idea, a conversation, or a workout.

Being fully present and committed to one task, is indispensable.

9. Give Up Your Need to Control Everything

“Some things are up to us, and some things are not up to us.” — Epictetus, Stoic philosopher

Differentiating these two is important.

Detach from the things you cannot control, and focus on the ones you can, and know that sometimes, the only thing you will be able to control is your attitude towards something.

Remember, nobody can be frustrated while saying “Bubbles” in an angry voice.

10. Give Up On Saying YES To Things That Don’t Support Your Goals

“He who would accomplish little must sacrifice little; he who would achieve much must sacrifice much; he who would attain highly must sacrifice greatly.” — James Allen

Successful people know that in order to accomplish their goals, they will have to say NO to certain tasks, activities, and demands from their friends, family, and colleagues.

In the short-term, you might sacrifice a bit of instant gratification, but when your goals come to fruition, it will all be worth it.

11. Give Up The Toxic People

“You are the average of the five people you spend the most time with.”

 Jim Rohn

People we spend the most time with, add up to who we become.

There are people who are less accomplished in their personal and professional life, and there are people who are more accomplished than us. If you spend time with those who are behind you, your average will go down, and with it, your success.

But if you spend time with people who are more accomplished than you, no matter how challenging that might be, you will become more successful.

Take a look at around you, and see if you need to make any changes.

12. Give Up Your Need To Be Liked

“The only way to avoid pissing people off is to do nothing important.” — Oliver Emberton

Think of yourself as a market niche.

There will be a lot of people who like that niche, and there will be individuals who don’t. And no matter what you do, you won’t be able to make the entire market like you.

This is entirely natural, and there’s no need to justify yourself.

The only thing you can do is to remain authentic, improve and provide value every day, and know that the growing number of “haters” means that you are doing important things.

13. Give Up Your Dependency on Social Media & Television

“The trouble is, you think you have time” — Jack Kornfield

Impulsive web browsing and television watching are diseases of today’s society.

These two should never be an escape from your life or your goals.

Unless your goals depend on either, you should minimise (or even eliminate) your dependency on them, and direct that time towards things that can enrich your life.

Motivational 23 April 2021

Smell The Roses

Barely the day started and… it’s already six in the evening.

Barely arrived on Monday and it’s already Friday.

… and the month is already over.

… and the year is almost over.

… and already 40, 50 or 60 years of our lives have passed.

… and we realize that we lost our parents, friends.

and we realize it’s too late to go back…

So… Let’s try, despite everything, to enjoy the remaining time…

Let’s keep looking for activities that we like…

Let’s put some color in our grey…

Let’s smile at the little things in life that put balm in our hearts.

And despite everything, we must continue to enjoy with serenity this time we have left. Let’s try to eliminate the afters…

I’m doing it after…

I’ll say after…

I’ll think about it after…

We leave everything for later like ′′ after ′′ is ours.

Because what we don’t understand is that:

Afterwards, the coffee gets cold…

afterwards, priorities change…

Afterwards, the charm is broken…

afterwards, health passes…

Afterwards, the kids grow up…

Afterwards parents get old…

Afterwards, promises are forgotten…

afterwards, the day becomes the night…

afterwards life ends…

And then it’s often too late….

So… Let’s leave nothing for later…

Because still waiting, see you later, we can lose the best moments,

the best experiences,

best friends,

the best family…

The day is today… The moment is now…

We are no longer at the age where we can afford to postpone what needs to be done right away.  

Have no regrets!  Enjoy everyday!

Edmonton MarketEdmonton Market 23 April 2021

Alberta: An Affordable Place to Call Home

There’s nothing new about the real estate markets in Ontario or British Columbia. Home sales and prices have risen yet again. That is bad news for prospective buyers who were hoping to purchase a home this year. But there is something new and exciting happening in Alberta, and this trend could bring some much-needed activity to the province’s weakened economy.

 

THE REAL ESTATE MARKET IN ALBERTA IS HEATING UP, BUT HOUSING PRICES ARE STILL REASONABLE ENOUGH THAT FIRST-TIME BUYERS CAN INVEST IN A PROPERTY THAT THEY CAN ACTUALLY AFFORD.

 

Ontario and B.C. have been experiencing dramatic bidding wars and rapid sales for over five years. Tiny fixer-uppers are selling for $1 million and supply doesn’t appear to be satisfying demand.

Home sales are up in Alberta, and supply is decreasing faster than most could have anticipated. March recorded over 8,500 provincial sales, making it the strongest March on record. The Alberta Real Estate Association noted that home sales had been relatively weak before COVID-19, but drastic interest rate cuts, changing housing preferences and improved savings for some have supported the surge in housing demand.

The average price for a detached home was just below $500,000 in March. Calgary recorded a March benchmark price of $516,300 for detached homes. While that is eight per cent higher than March 2020, it’s nowhere near the $1-million mark. In Edmonton, single-family homes sold for an average of $457,936 in March, a 13.3 per cent year-over-year increase from March 2020, and a 4.6-per-cent increase from February 2021.

Currently, the challenge for several Albertans isn’t finding a home within their budget. Rather, they need to get used to making purchasing decisions quickly. Millennials and Gen Zs are entering the market in Alberta and are driving the growing demand for properties under $600,000. There’s finally some competition, but the current state of the market is healthy by most standards.

In 2014, Alberta’s oil boom came to an abrupt halt. The record-high volume of worldwide oil inventories in storage caused crude oil prices to collapse. By February 2016, Alberta’s oil was valued as the cheapest oil in the world.

Alberta’s recession ended in 2017, but the province is still in recovery. Population growth declined in 2014 and has struggled to come back up. There is still a shortage of jobs but Albertans who are employed in trades positions, construction and energy often earn more than employees who hold similar positions in other provinces.

Alberta’s economy isn’t expected to exceed pre-pandemic levels until 2023, reports ATB Financial. The forecast, however, does predict a return to growth in 2021 and anticipates growth of 3.3 per cent in both 2021 and 2022. These predictions depend largely on how disruptive the pandemic is this year, and the demand for oil.

ATB Financial anticipates Alberta’s unemployment rate to hold around 11 per cent into next year, but this might not be a dealbreaker for prospective buyers currently living in other parts of Canada.

Currently those who can work from home are being as productive as they possibly can from their kitchen table, bedroom or couch. Chances are high that most office workers will not be commuting to work more than two or three times a week, even after the pandemic has ended. In rarer cases, some companies have said that employees never have to return to the office if they don’t want to. This has given people options that they never had before.

With a desire for more space and an ability to work from anywhere, people currently living in Ontario or B.C. could, in theory, move to Alberta. It’s not something that everyone could or would be willing to do, but if people are looking for space at a reasonable price, Alberta’s got it. Alberta also has big cities and cosy rural areas, and while it would take some time to adjust to the cold, the warmer months are a delight.

In return, Alberta would see a more active economy, with more people shopping, attending schools and requiring personal care.

While most prospective buyers won’t likely move to a new province to find their dream home, it is an option worth considering. For those who are seriously thinking about it, don’t wait too long. Alberta’s real estate market could transition from warm to hot very soon

Investment 24 March 2021

Planning to Invest in Toronto Condo Market?

 

The COVID-19 crisis has resulted in an economic downturn, job losses – and for some, it may have prompted a sharp drop in the value of their existing assets and investments.

Many people have had to reflect on new ways to generate income to make ends meet and cover their mortgage payments. Others may be hoping to eke out some financial return from an existing but little-used recreational property or may be looking to buy an investment property that might be used to generate a source of income.

For each of these purposes, one possible option is jumping into the short-term housing rental market. This involves listing all or part of one’s home, condo or rental apartment on various internet-based platforms that advertise rental accommodation, such as Airbnb, Booking.com and Expedia, or through advertising in local media.

The Ontario government initially banned all such rentals during the early part of last summer, but that ban has subsequently been lifted.

The problem is that for properties in the City of Toronto, the rules around hosting, offering or providing short-term rentals are not as free-wheeling and flexible as they were previously, or as one might hope.

Here are some of the key points:

 

  1.  There are new rules that came into force on Sept. 10, 2020.

Prior to offering listings, short-term rental operators must first register with the city and are subject to various administrative constraints. These arise under new regulations that cover rental arrangements of this type and aim to create a more even playing field by legalizing rentals that comply. (Note that those individuals who want to offer rentals of 28 or more nights at a time need not register with the city).

The annual registration currently costs $50 and can only be paid online via a valid credit card.

Each of the short-term rental platforms must obtain a license with the city before it can operate.

2.  An owner or landlord cannot list a property on short-term rental sites – whether freehold home, apartment or condominium – unless it is his or her principal residence. When the unit being offered is a rental apartment and is already subject to a lease with a landlord, it will be important for the tenant to obtain the consent of the landlord first.

For these purposes, a principal residence is a “dwelling unit owned or rented by an individual person, either alone or jointly with others, where the individual person is ordinarily resident.” In plain language, it’s the residence where the rental host/operator actually lives, and is the address listed on his or her taxes, insurance policy and utility bills.

This stipulation around principal residency avoids the previous proliferation of “ghost hotels”, which involves buildings or units offered for short-term rental by an operator who does not live on the premises.

3.  The new regulations also impose specific administrative obligations on those individuals who want to offer their properties for rent online. These include:

  • Requiring him or her to display the city-granted registration number on all advertising and listings for their rental unit or building.
  • Obliging short-term rental operators to collect a four-per-cent Municipal Accommodation Tax (MAT) from renters, for stays lasting 28 nights or less. Starting Jan.1, 2021, the short-term rental platforms like Airbnb are themselves obliged to collect and remit the MAT to the city. (Again, operators who only offer rentals of 28 or more days are exempt from this obligation).

Other specific restrictions: In addition to the mandates above, there are a few additional restrictions that pertain to specific circumstances:

  • A short-term rental can comprise an entire residence, or up to three bedrooms within a principal residence.
  • Secondary homes, recreational properties, investment properties and vacation rentals cannot be registered as short-term rentals in the city; they can only be rented out for longer-term periods of 28 days or longer.
  • For those who want to rent out their entire Toronto home, there is a maximum cumulative duration: It can be rented for a maximum of up to 180 nights per calendar year. However, hosts can agree to rent up to three bedrooms in a unit for an unlimited number of nights per year.

Legally, short-term renters are something of a hybrid class of occupant. The question arises whether they are considered “tenants” under the provincial Residential Tenancies Act, and therefore entitled to some of the rights and protections that legislation affords.

Generally speaking, the short answer is no, especially if the short-term rental involves just a room or two within the home that is a principal residence. However, the situation is less clear for rentals of an entire home, particularly if the rental duration is longer than a month. In this kind of scenario, it may be wise to get legal advice on the various obligations that can arise for both the individual homeowner and any renters, and on whether the Ontario government’s suggested Standard Form Lease should be used.

There are many new and complex restrictions in connection with short-term rentals in Toronto. If you are thinking of putting all or part of your Toronto home on a listing like Airbnb, review the costs and other rules and regulations before hopping into the short-term rental business.

News 13 March 2021

Condo owners could face $50K deductible for damage! Read your policy!

 

WHAT YOU NEED TO KNOW ABOUT THE NEW ALBERTA CONDOMINIUM INSURANCE CHANGES?

Condominium Insurance is a relatively misunderstood type of coverage. To further complicate things, there have been some recent legislation changes made that may affect your policy, so this is the perfect time to review your policy to ensure that you have the appropriate level of coverage.

According to the Canadian Condominium Institute (CCI), effective January 1, 2020, Condominium Corporations will be able to seek recovery of the deductible portion of the Corporation’s insurance claim (up to a maximum of $50,000) from an Owner for damages that originates from the Owner’s unit or privacy area.

One major misconception about Condominium Insurance is that it is just contents insurance. It is true that the policy covers your contents up to a chosen amount, but it also covers much more than that. The Condominium Corporation carries insurance to cover the building and common elements but the individual unit owners should also carry insurance to covers aspects like improvements and upgrades, personal liability, additional living expenses, loss assessments and the possibility that the corporation assesses back the deductible due to an insured peril. The deductible assessment is the major change that needs to be addressed.

The major change as of January 1, 2020 is that the Condominium Corporation can now seek recovery of the deductible regardless if negligence has been proven. Condo Insurance policies usually include this type of coverage, however, depending on your policy the amount of coverage may be insufficient.

For example, if a pipe were to burst in your unit and flood your neighbour’s apartment, the corporation could recover from you, even though you were not negligent. If there was significant damage, the Corporation can recover up to $50,000 for the deductible. This is why it is so important to discuss with your broker to ensure that you are covered for this amount. If there is a gap in coverage, you would be responsible for the remainder.

Fortunately, there are a few steps you can take in order to be sure that you have the correct coverage:

1. Obtain a copy of the Condominium Corporation’s Certificate of Insurance, which will outline the current deductible amounts. They may have previously sent this to you or you can request directly from them.
2. Contact your Insurance company to discuss your policy and confirm that you have the coverage in place or to upgrade if necessary.
3. Review your policy with your broker and make adjustments as needed. Circumstance change over time so maybe some limits need to be increased.

For more information please contact your broker, visit our website or give us a call and we can do a coverage review for you to provide peace of mind and make sure you are fully protected in the event of a loss.

Information 13 March 2021

Alberta Condo Rules Get Provincial Overhaul

The province is overhauling a series of condo regulations in what it calls an effort to “ease the burden on condo owners, boards and corporations.” 

The changes come following a Service Alberta review of condo governance and insurance with rules on document fees, sanctions and annual general meeting organization among those changing. 

In a written release, Service Alberta Minister Nate Glubish called the revision “thoughtful and sensible.” 

“I’m confident Albertans will be pleased with the changes we’ve made,” Glubish said. 

Some of the changes include: 

  • Increases the time to disclose annual general meeting minutes from 30 days to 60 days after the AGM.
  • Ending requirement for 60 days notice of an AGM
  • Changing paper document cost from a $10 flat fee to 25 cents per page up to a maximum of $10 in total.
  • Increasing the maximum fee for an estoppel certificate to $200 from $100 as well as introducing a disclosure statement document fee of $100.
  • Increasing allowed amounts for sanctions

The new rules went into effect on Jan. 1, 2020