Facebook for condo dwellers? Vancouver entrepreneur launches social network for neighbours- Ask a Vancouver Mortgage Broker

You’ve got Facebook for friends and LinkedIn for work associates. Now Joseph Nakhla thinks you need a social network for your neighbours. The 40-year-old Vancouver resident is the founder of bazinga, which is designed to help neighbours connect to one another and to local resources. Mr. Nakhla says he was inspired by his childhood in […]

Aging workers aren’t giving up on finding work, they’re simply retiring: RBC – Consult with a Vancouver Mortgage Broker

Aging workers aren’t giving up on finding work, they’re simply retiring: RBC New study shows that the 6.9 per cent unemployment rate is likely not hiding people who have given up on finding work but indicates baby boomers 65 and older are leaving the workforce OTTAWA—A new Royal Bank analysis suggests the Canada’s labour market […]

Canadian housing market on brink of downturn: report – Ask a Vancouver Mortgage Broker

Canadian housing market on brink of downturn: report Economist David Madani is reviving a prediction he first made three years ago — that what now appears to be a soft landing for Canada’s real estate market is likely to take a turn for the worse. Economist David Madani is reviving a prediction he first made […]

Toronto tops for speedy home sales: How does your city measure up? – Consult with a Vancouver Mortgage Broker

Calgary might have the hottest housing market in the country right now, and Vancouver’s might be the priciest, but Toronto is tops when it comes to the speed with which homes are selling. The homes that sold in the Toronto area last month were on the market for an average of 20 days. Homes that […]

Six things to know about real estate deposits – Consult with a Vancouver Mortgage Broker

When you make an offer on a house you have to put down a deposit. Here are some things to keep in mind. By: Mark Weisleder Real Estate, Published on Fri May 16 2014 Here are some answers to common questions about deposits when you are buying a house. When must a deposit be paid? In Ontario, the […]

Breaking a closed mortgage can be costly: Ask a Vancouver Mortgage Broker

You can get a low mortgage rate by signing up for a five-year term. But you could be penalized for an early exit if your plans change. By: Ellen Roseman On Your Side, Published on Sun May 11 2014 Brian Hyytiainen bought a house and took out a five-year mortgage in 2011. Things have changed in his life, […]

Home prices showing ‘early signs of accelerating’ – Consult with a Vancouver Mortgage Broker

The Globe’s new Real Estate Beat offers news and analysis on the Canadian housing market from real estate reporter, Tara Perkins, and others. Read more on The Globe’s housing page and follow Tara on Twitter @TaraPerkins. Canadian home prices appear to be picking up a little steam. The gains come even after a sluggish winter for home sales, and […]

Canada’s million-dollar housing markets: Look out Vancouver, Toronto’s moving in – Ask a Vancouver Mortgage Broker

Toronto is on the verge of becoming the second Canadian city where the average price of a detached home hits the $1-million mark. “We went over that mark a few years ago in Vancouver and now we are going to hit it in Toronto. It’s not inexpensive to own a house in the city of […]

Homebuilding rebounds quicker than expected with 35% jump in condos and apartments – Consult with a Vancouver Mortgage Broker

TORONTO — New home construction in Canada picked up in April, shaking off the effects of this year’s harsh winter, though economists still expect activity to cool gradually in 2014. The seasonally adjusted annualized rate of housing starts rose to 194,809 last month from 156,592 units in March, data from the Canada Mortgage and Housing […]

Canada’s next housing bubble: real estate agents – Consult with a Vancouver Mortgage Broker

The housing boom has not only resulted in record real estate prices, it has spawned an unprecedented number of realtors. The number of people selling real estate reached 108,706 during the first quarter of the year, according to the Canadian Real Estate Association. To put it another way, that’s one realtor for every 245 Canadians […]

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