Half Baked Mortgage News – Consult with a Vancouver Mortgage Broker

From the “can’t believe everything you read” file comes this shocker from the Huffington Post: Mortgage Debt Exploded In Past 4 Years An unnamed Huffington Post author claims that mortgage debt at chartered banks soared 56% ($301.4 billion) in just one year—from June 2011 to June 2012. It’s a “risky explosion” in mortgage debt says […]

Are you meeting these money management milestones? – Ask a Vancouver Mortgage Broker

LINDA STERN – WASHINGTON — Reuters Life spans are long, and not everyone lives on a “house and kids by 30, first million by 50” kind of schedule. Nevertheless, there are financial milestones that it helps to hit at every stage. Here is my list, by decade. If you are late on a few, that’s no big deal. […]

Canada’s two largest real estate markets are surging – Ask a Vancouver Mortgage Broker

Home sales in Canada’s two largest cities continued their surge in August from a year earlier. Why real estate doomsayers continue to be wrong Still believe Canada’s housing market is going to implode? You’re not alone, but it hasn’t happened yet. Read more Sales in Toronto, the largest market, rose 21% from August last year to […]

Vancouver home sales jump more than 50%, but prices lag – Ask a Vancouver Mortgage Broker

The country’s most expensive housing market is showing signs of surging sales but Vancouver is still lagging historical norms. Why real estate doomsayers continue to be wrong Mandy Coz needs a lead. She isn’t the first sales rep from a nearby real estate brokerage to cold call my parents’ home in the suburbs on behalf […]

How to make money investing in real estate – Consult with a Vancouver Mortgage Broker

Rob Thompson,Special to Financial Post |  This article appears in the September edition of the Financial Post Magazine. Visit the iTunes store to download the iPad edition of this month’s issue. Don Campbell thinks everyone should consider real estate. Of course, you’d expect him to think that given his firm has advised clients on real estate purchases of […]

Why there’s no reason to panic about rising rates – Consult with a Vancouver Mortgage Broker

Garry Marr | More from Garry Marr | @DustyWallet There is a simple answer to all this hysteria about mortgage rates going up. Don’t lock in your rate. I know it’s almost heresy to have a floating rate in a mortgage world dictated by Finance Minister Jim Flaherty, who thinks nothing about calling up the banks and telling them […]

No ugly downturn for condo market, even in Toronto: Consult with a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER The Globe and Mail A new report from the Conference Board of Canada predicts that the much-watched condo sector will avoid an ugly downturn, even in Toronto. Economists and policy-makers are keeping a close eye on condos, especially in the country’s most populous city, where cranes dot the sky. A […]

Money lessons for kids – Ask a Vancouver Mortgage Broker

Money lessons for kids – Friday, August 23, 2013 It’s that time of year again. With summer winding down and vacations coming to an end, many families are getting ready for the back-to-school season.For kids, this means settling back into the school routine — and for many parents, it means back-to-school shopping.These shopping excursions are a […]

An alternative to a rainy-day fund? The home equity line of credit – Ask a Vancouver Mortgage Broker

An alternative to a rainy-day fund? The home equity line of credit ROBERT MCLISTER Playing down the odds of a financial crisis is like tempting fate. Financial adversity can strike when we least expect it. If it does, and you can’t make ends meet, having a backup fund can keep you afloat. Common wisdom suggests […]

No more tightening needed after measures averted housing bubble: Flaherty – Consult with a Vancouver Mortgage Broker

Finance Minister Jim Flaherty said he isn’t planning new measures to restrain the country’s housing market because his past four rounds of action have already worked to avoid a bubble. ‘A tale of two markets’: Condominium prices falling while low-rise homes continue to soar A housing crash based on the type of home you have? […]

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