Survey focuses on two generations of buyers – Ask a Vancouver Mortgage Broker

By Jean Sorensen The millennials (known also as the children of baby boomers born between 1972-1992) and the post Second World War baby boomers (born 1946-1965) are making the greatest impact on the real estate industry today. “Both the boomers and the millennials want move-in ready homes,” says Century 21 Real Estate Canada president Don […]

Small businesses want Canadians to ditch credit cards every Friday – Ask a Vancouver Mortgage Broker for advice

Small businesses want Canadians to ditch credit cards every Friday MICHAEL BABAD – The Globe and Mail These are stories Report on Business is following Wednesday, Nov. 6, 2013. Follow Michael Babad and The Globe’s Business Briefing on Twitter. TGIFCanada’s small businesses want us to give up our credit cards one day a week, and use debit […]

Vancouver only Canadian destination to land on Lonely Planet’s rundown of top travel cities

Lucky number seven. That’s where Vancouver finds it’s on Lonely Planet’s ranking of the top 10 cities for travel in 2014. (Tweet this fact) Lotus Land is sandwiched between number six Shanghai and number eight Chicago, the only other North American city included on the list. Sorry, top “brand” cities New York and Toronto. The world’s best […]

Why no rate hike means variable mortgages are safe again – Ask a Vancouver Mortgage Broker

Garry Marr | More from Garry Marr | @DustyWallet A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be enough to keep the latest housing rally going. Bank of Canada drops rate guidance, lowers growth forecast There’s been a sea […]

How to determine if you are ‘house poor’ – Ask a Vancouver Mortgage Broker

How to determine if you are ‘house poor’ By Gail Johnson | Pay Day    About a quarter of Canadians spend too much on housing costs, Statistics Canada says. How can you tell if you’re house poor, aside from the fact that your bank account is hemorrhaging funds? To answer that question, dig deep, and we’re talking in your […]

CMHC offering tailored outlooks for various Canadian markets – Mortgage Broker, Vancouver

Canada Mortgage and Housing Corporation (CMHC) is offering a number of housing outlook conferences in various Canadian cities; each offering a useful and practical information session that will help brokers understand trends unique to each market. “CMHC’s Housing Outlook Conferences offer access to timely, reliable and unbiased information,” Sam Carnovale, CMHC Key Account Manager, Brokers […]

Bank of Canada drops rate guidance, lowers growth forecast

OTTAWA — There has been a sea change at the Bank of Canada. No longer are policymakers setting a specific monetary course for interest rates. Instead, for the first time in 18 months, they have dropped any reference to borrowing costs eventually rising — adopting a neutral position and waiting to see which way economic […]

The ultimate mortgage checklist: How to get the best possible deal – Ask a Vancouver Mortgage Broker

ROBERT MCLISTER – Special to The Globe and Mail These questions will help you snare the most feature-rich mortgage possible, at a rate that’s better than average The lowest possible rate is how many define a good mortgage. But that’s like judging the “best car” by the one with the lowest monthly payment. Anyone who’s had to […]

Where to buy now- We tell you exactly which neighbourhoods are set to skyrocket in value.

“Double, double, toil and trouble.” Written over 400 years ago by the Bard, this phrase from Shakespeare’s infamously dark play, Macbeth, could just as easily describe Canada’s real estate market in recent years. On one side, there are international economists—and their much publicized reports—declaring the market to be overvalued and due for a sudden, corrective […]

A money pit on wheels: The real cost of owning a car – Consult with a Vancouver Mortgage Broker

A money pit on wheels: The real cost of owning a car ROB CARRICK– The Globe and Mail Cars are a problem in personal finance, but they’ve been getting a free ride. The surge in home sales in recent years and its impact on family finances has received non-stop attention in the past couple of years. […]

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