How badly would you be hurt in a housing market price correction? – Ask a Vancouver Mortgage Broker

A question for everyone who thinks houses are an investment: How much would a market decline hurt you? Help yourself be a smarter homeowner by using The Globe and Mail’s Housing Price Correction Calculator to find out. Housing bulls, don’t self-combust. Our calculator shows the result of both price gains and losses over the next five years. […]

Home shoppers, don’t rush to buy just to lock in a cheap mortgage – Consult with a Vancouver Mortgage Broker

ROBERT MCLISTER– Special to The Globe and Mail The idea that low mortgage rates are gone forever sent Canadian home shoppers into a panic this summer. Thousands rushed to use their rock-bottom pre-approved mortgage rates and buy a home, contributing to a20 to 50 per cent spike in sales last month in Canada’s biggest housing markets. But […]

Why you need to pay off your debt NOW

For debtors, today’s historically low interest rates have constituted somewhat of a fool’s paradise. Central banks around the world, including Canada’s, have kept interest rates as close to zero as possible. But if we thought we could keep our boat forever afloat on this sea of low rates, there are many lining up to convince […]