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

How badly would you be hurt in a housing market price correction? ROB CARRICK– The Globe and Mail 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 […]

Does it make more financial sense to own a condo or rent an apartment? – Ask a Vancouver Mortgage Broker

DAN BARNABIC Contributed to The Globe and Mail From The Condo Bible for Canadians, Everything you must know before and after buying a Condo, by Dan S. Barnabic. Copyright © 2013 by Dan S. Barnabic. Reprinted with permission of Neon Publishing Corp. Investing vs. Renting: “In Principal”For many people, it is more advantageous to own rather […]

Top 6 real estate scams – and how to avoid them – Consult with a Vancouver Mortgage Broker

CHRISTOPHER MYRICK The following article is from Canadian Real Estate Wealth Magazine. Fraud and investment scams abound at all levels of the real estate market – whether it be a contractor who charges hundreds of dollars for work not done to an “investment agent” who embezzles hundreds of millions – protecting yourself can require a measure […]

Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker

Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker How do automated evaluation systems such as emili which is used by CMHC, or Excel, which is used by Genworth, compare to the efficiency of human home appraisers? This Vancouver mortgage broker examines this interesting and challenging issue in more detail. This […]

emili Criticisms Resurface- Adil Virani – Vancouver Mortgage Broker

The Globe and Mail has taken another look at automated home valuations, casting a dark shadow on their efficacy. It’s the paper’s second take on this topic since October. (Here’s the prior story: CMHC’s emili Under Fire) Like the last go-round, this story is laced with concern. Some of that concern is justified given that: a) housing finance […]