Three things to do with your money besides an RRSP – Ask a Vancouver Mortgage Broker

With the March 3 RRSP deadline fast approaching, you may be wondering whether you should join the herd and make that RRSP contribution in time to be able to claim the deduction on your 2013 tax return. Whether or not you decide to contribute to an RRSP this year depends on a number of factors, […]

CMHC’s move to hike mortgage insurance premiums prompts competitors to follow – Ask a Vancouver Mortgage Broker

The cost of mortgage default insurance is about to go up for most consumers after competitors moved quickly to follow Canada Mortgage and Housing Corp.’s decision to raise premiums. In Canada’s housing market here’s what $500 K buys: A lake in Edmonton … a condo in Toronto The Canadian Real Estate Association has predicted that […]

Get ready for house prices to continue to rise in Toronto- Ask a Vancouver Mortgage Broker

It’s only two weeks of data, but the Toronto Real Estate Board is reporting the first 14 days of February saw existing home prices continue to rise. Safe as houses? Canadians think their homes will fund their retirement Almost a quarter of Canadians say they are planning on using their home as their primary source […]

In Canada’s housing market here’s what $500 K buys: A lake in Edmonton … a condo in Toronto – Consult with a Vancouver Mortgage Broker

The Canadian Real Estate Association has predicted that the national average price for a home will be $391,000 this year. But it’s hard to compare how far your buck will go in Canadian cities using that figure, since the average prices at year’s end are so very different: $785,574 in Vancouver and $320,693 in Montreal, […]

Canadian snowbirds’ dream of U.S. vacation home fading fast – Ask a Vancouver Mortgage Broker

The hundreds of thousands of Canadian snowbirds who flock to the United States are being hit by a falling loonie that should see their purchasing of U.S. winter homes start to slow, says a new report. Here’s what $500K buys in Canada’s housing markets: A lake in Edmonton … a condo in Toronto From four […]

What you need to know before, and after, buying a condo- ask a Vancouver Mortgage Broker

What you need to know before, and after, buying a condo ROB CARRICK.  –  The Globe and Mail    Your life as a homeowner will likely include some time in a condo. Condos suit young adults, and retirees who want to downsize. As houses rise in price, more people in between those extremes may opt […]

Condo correction not in the cards for Toronto, Vancouver, says new report – Ask a Vancouver Mortgage Broker

The rental housing market has “passed it peak” but condominium investors can probably rest easy because vacancy rates will only edge up slightly, says a new report.   How Canada’s new immigration rules could slow high end real estate sales Canada’s luxury housing market has already been impacted by changes to immigration policy and could […]

Canadian house prices hit record high in January as Vancouver market surge – Ask a vancouver Mortgage broker

Andrea Hopkins, Reuters  TORONTO — Canadian home prices rose to a record high in January as Vancouver prices surged, the Teranet-National Bank Composite House Price Index showed on Wednesday, even as other housing indicators have shown a cooling market. Buying a house? Here’s how to get a big tax refund The $25,000 you can take […]

Canada home sales fell 3.3% in January, CREA says – Consult with a Vancouver Mortgage Broker

Canadian existing home sales fell for a fifth month in January on fewer transactions in Toronto and Vancouver, adding to evidence the nation’s housing market is cooling. Sales declined 3.3% in January from the previous month, the Canadian Real Estate Association said today in a statement. The average price of a home sold in January […]

Budget offers only a smattering of savings for Canadian families

ROB CARRICK -n The Globe and Mail Wait till next year, Canada. While there’s a lot of talk about easing the financial burden on families in the federal budget, the actual savings are at best minor. In fact, the most notable tax measure for the average person was one that will make cigarettes more expensive. People anticipating […]

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