The Next Bank of Canada Meeting is July 13, 2022 we will post the results here and provide some additional insight and interpretations based on the bank’s report Bank of Canada Announcement and Banks Announcing Mortgage Rate Drops is merely coincidence...
In my previous post we looked at the age old question that many “on the fence” buyers have been asking…well….ever since I’ve been in the business. Should I Buy Now, Or Buy Later? I came across this article published in the Globe and Mail...
CMHC is the government body that insures mortgages. To put it in the simplest of terms, when CMHC insures a mortgage, it means the bank essentially does not have any risk when it issues the loan. Of course there’s some risk carried by the bank but the Government is...
A self-employed, single mother of a 12 year old boy, also taking care of her elderly mother, made CBC headlines for having to pay a $30,000 early termination penalty on her mortgage, when she was forced to sell her house in April, due to the COVID-19 pandemic. By...
How is the Coronavirus related to my mortgage? Believe it or not, the coronavirus can have an impact on your mortgage and your interest rate in particular. Listen below to find out exactly how and why. 2017 Vancouver Real Estate Market Two main Reasons Rates Will Not...
Here is a Quick Summary of the April stats for Real Estate In Greater Vancouver. Mortgage Penalties In the Media Again Daily Corona Virus Mortgage Updates Canada’s lowest nationally available conventional variable rate is just nine basis points cheaper...
