Your Mortgage Broker - Vancouver's Best Rates

Tweet
April Real Estate Stats

May 5th, 2010

REBGV Stats Home buyer and seller activity increases in busy spring market The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,512 in April 2010, the fifth highes ...

Posted in Real Estate Information

Tweet
Q & A On Government Changes

April 13th, 2010

Q & A Government Regulatory Changes New Qualifying Rate Rule Changes for both Conventional and Insured (CMHC/Genworth) Mortgages: Do the new qualifying rate rules apply to both conventional and insured mortgages? Yes. Similar to today, our policy will use the same qualifying rate rules for both conventional and insured mortgages If I have a pre-approval prior to April 19th wil ...

Posted in Mortgage Information

Tweet
Bank Of Canada Interest Rates

April 13th, 2010

When will the Bank of Canada raise interest rates and by how much? Posted to FP: April 12, 2010, Jonathan Ratner With most agreeing that a rate hike from the Bank of Canada is imminent, the talk now turns to the exact timing and extent of the central bank’s policy changes. Governor Mark Carney made a “conditional” promise to keep the benchmark interest rate at 0.25% through the end of Jun ...

Posted in Mortgage Information

Tweet
Understanding House Prices

March 12th, 2010

Understanding house prices A home may be one of the biggest investments you ever make. Saving up a down payment is just the first step. Find out more. What factors affect the value of a home? Location: Real estate people always say “Location, location, location.” That’s because the area you live in will be the biggest factor affecting your home’s price. It’s smart to buy a home where h ...

Posted in Real Estate Information

Tweet
Interest Rates

March 3rd, 2010

Economy improving, but interest rates to stay at historic lows for now By Julian Beltrame, The Canadian Press OTTAWA - The Bank of Canada is keeping interest rates at historic lows for a few more months, while sending out signals that the economy is rebounding strongly and could trigger inflationary pressures. The central bank's more positive take on the economy followed a Statistics Cana ...

Posted in Mortgage Information

Tweet
Mortgage Changes

February 17th, 2010

Government of Canada Takes Action to Strengthen Housing Financing Mortgage changes target ‘reckless’ buyers: Flaherty The question most heard yesterday was, “what 5 year rate will they have to qualify on?”. It will be the 5 year rate at that institution granting the commitment. As the client was having to qualify on that institutions 3 year rate, it will now be their 5 year rate. T ...

Posted in Mortgage Information

Tweet
A Raise in the Minimum Down payment Requirement??

February 9th, 2010

CREA forecasts record home market this year Garry Marr, Financial Post Canadian real estate sales and prices are poised to set records this year, according to a new forecast that is bound to reignite calls in some quarters for tighter lending rules. The Canadian Real Estate Association, which represents 100 boards across the country, said Monday it expects existing-home sales to reach 52 ...

Posted in Real Estate Information

Tweet
Deciding on a Mortgage

February 3rd, 2010

Deciding on a mortgage It is generally less expensive to continually roll over a short-term mortgage than to commit to a long-term one Eric Tyson and Tony Martin Published on Tuesday, Feb. 02, 2010 1:04PM EST Last updated on Tuesday, Feb. 02, 2010 1:06PM EST This is the sixth in a series of 10 excerpts from Investing for Canadians for Dummies. Whether to go for a short- or long-term ...

Posted in Mortgage Information

Tweet
Does My Reno Qualify for a Tax Credit?

January 25th, 2010

Does my reno qualify for a tax credit? Roma Luciw Globe and Mail With the Jan. 31 deadline just around the corner, anyone who still wants to take advantage of the federal government's popular home renovation tax credit had better hurry. “The most important thing for people to know is that they still have a week to buy and take delivery of materials that they are thinking of using f ...

Posted in Real Estate Information