Gen Y: Don’t believe the hype on home ownership – Ask a Vancouver Mortgage Broker

The housing boom of the past decade has given young adults a whole lot of debt and some pitiful gains in net worth. The twenty- and thirtysomethings of Generation Y who are entering the market today are in for worse treatment. A mindset for those who choose to buy a house: It’s about lifestyle, not […]

Fixed mortgages now trump variable, report says. Not everyone agrees – Consult with a Vancouver Mortgage Broker

Fixed-rate mortgages have gained an edge over variable-rate mortgages given the improving economy and attractive offers on longer-term deals, says a new report from economists at one of Canada’s big banks. “Fixed now modestly trumps variable,” according to a BMO Nesbitt Burns study published Thursday. While many mortgage brokers agree with that assessment, others caution […]

Canadians still pay 62% more for a home than in U.S – Consult with a Vancouver Mortgage Broker

Canadians still pay 62% more for a home than in U.S   MICHAEL BABAD – The Globe and Mail Follow Michael Babad and the Globe’s top business stories on Twitter. Canada-U.S. house price gap still wideThe price gap between homes in Canada and the United States remains “yawning” despite the changing fortunes of the two real […]

BMO Financial Literacy Poll: 96 Per Cent of Canadians Believe Teaching Kids About Money Matters is Key to a Healthier Economy

BMO Financial Literacy Poll: 96 Per Cent of Canadians Believe Teaching Kids About Money Matters is Key to a Healthier Economy – Virtually all Canadians agree it is important to develop good financial habits at a young age – The vast majority feel more should be done to teach kids about finances in school – […]

Banks tighten their squeeze to extract fees – Ask Adil Viani Vancouver Mortgage Broker

A prediction for 2013: Expect your bank to squeeze you harder than ever with fees. After releasing fourth-quarter earnings a month or so back, bank executives said low interest rates and slower growth in borrowing would result in diminished profit growth in 2013. Now, how do you suppose the banks will try to offset lower […]

Canadian real estate market a tale of two cities

ANDY HOFFMAN AND NICOLAS JOHNSON VANCOUVER AND TORONTO— From Tuesday’s Globe and Mail It’s a title Vancouver is more than happy to relinquish. Canada’s hottest real estate market is finally cooling off, new sales figures show, much to the relief of those who have grown weary of talk of a West Coast property bubble. At more […]