The Ultimate Mortgage Checklist – Ask Adil Virani, Vancouver Mortgage Broker

Have you ever had a sick feeling in your stomach after buying a car, or a big screen TV, or a boat, or expensive jewelry? It’s that nagging worry that you’ve bought the wrong model or spent more than you should have. Buyer’s remorse is common with big ticket purchases, but it’s not as common […]

A Side Effect of Rate Warnings – Consult with Adil Virani, Vancouver Mortgage Broker

“The longer it (low interest rates) goes on, the more people can start to think this is normal and it’s not normal; it’s very, very far from normal.”— Julie Dickson, OSFI Superintendent, Sept. 23, 2013 via MortgageBrokerNews.ca When people hear an authority—like the head of Canada’s banking regulator—make these statements, it compels many to lock in […]

Getting ready to sell? 10 staging tips to wow home shoppers – Consult with a Vancouver Mortgage Broker

LUCIE BRAND- Special to The Globe and Mail The following article is from Canadian Real Estate Wealth Magazine. Preparing any property for sale can be a daunting and often overwhelming task, even for a seasoned investor. Whether you are living in your current investment property or if it has been tenanted for years there are some key […]

U.S. Senate votes to end budget impasse, shifting focus to House

20:53:25The Senate voted overwhelmingly – 81 to 18 — to end Washington’s budget impasse, a result that will put added pressure on the House of Representatives to do the same. Republican House Speaker John Boehner confirmed earlier Wednesday that he won’t oppose the bipartisan budget compromise, signalling the end of Washington’s weeks-long fight over fiscal […]

Selling your home? Steer clear of biases like the ‘IKEA effect’ – Ask a Vancouver Mortgage Broker

CHRISTOPHER MYRICK- The Globe and Mail The following article is from Canadian Real Estate Wealth Magazine. In classical economics it’s assumed that humans are self-interested actors who can make rational decisions toward their own goals. No economist would argue that homo economicus, economically rational man, exists in reality; they know that humans are emotional, have biases, act […]

Think living in suburbia’s cheaper? Think again – Consult with Adil Virani, Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail There’s no refuge in the suburbs from Canada’s housing affordability problem. You can buy a house for less money in the suburbs than you can in a big city, but the cost of commuting may kill almost all your savings. Some number-crunching by a public-spirited mortgage broker in the Toronto […]

Canada’s Top 100 investor neighbourhoods revealed – Ask a Vancouver Mortgage Broker

By Grainne Burns For brokers looking to encourage their property-investor clients into the marketplace, this may be the tool you need. Rocky Mountain House. Brossard South. Doon. These place-names may mean little to investors now, but they have just been listed in the coveted Top 100 Neighbourhoods to invest. They — and the rest of […]

U.S. and Canada are altering the way housing finance works so taxpayers aren’t stuck bearing the brunt of risks

Canada and the United States are both contemplating changes to the way we finance housing Last Wednesday Scotiabank sold the first Canadian bonds backed by consumer lines of credit in 12 years. The highly rated issue sold at market, according to a Bloomberg report, at an impressive 78 basis points over similar-term Canadian government bonds. […]

Laurentian Closes Mobile Rep Operation – Ask a Vancouver Mortgage Broker

Laurentian Closes Mobile Rep Operation Some banks, like CIBC, have been on a hiring spree when it comes to mortgage reps. Not Laurentian Bank. It’s going the other way. “We have announced [Wednesday] that Laurentian Bank had decided to no longer offer residential mortgage loans through an internal team of mobile advisors,” said a spokesperson. […]

A clear mortgage policy- Consult with a Vancouver Mortgage Broker

Jim Murphy, Special to Financial Post The Canadian housing and mortgage markets receive extensive attention by economists, analysts and the media. The purchase of a home after all is the largest financial commitment that an individual will make in his or her lifetime. Since 2008 and the height of the financial crisis, the federal government […]

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