CAAMP: Major Job Losses From Amortization Change – Ask a Vancouver Mortgage Broker

CAAMP: Major Job Losses From Amortization Change Killing 30-yearamortizations on high-ratio insured mortgages was a move that some criticized and some applauded. But few could measure the potential side effects when the decision was made last July. But now, Will Dunning, Chief Economist at the Canadian Association of Accredited Mortgage Professionals (CAAMP), has put out data […]

Should you take advantage of the low mortgage rates? Ask a Vancouver Mortgage Broker

Should you take advantage of the low mortgage rates? Earlier this month, the Bank of Montreal introduced a temptingly low interest rate of 2.99 percent. But considering the unstable market, should you really buy at this time? As we head into the spring real estate market, many Canadians are sitting on the sidelines instead of […]

Let’s put real estate overvalution in perspective – Consult with a Vancouver Mortgage Broker

Let’s put real estate overvalution in perspective Canadian real estate is overvalued by 20%. This doesn’t mean your home is worth 20% less. If prices do drop, it will be closer to 10%, and in certain parts of the country it’s already happening. More than a few media headlines are focusing on Canada’s overvalued real […]

Are stubborn sellers killing the real estate crash? – Ask a Vancouver Mortgage Broker

Like many others, Toronto public relations manager Megan Vickell is sitting on the real estate sidelines dreaming of bargains to come. What direction are home prices headed? Depends on who you ask After a dropoff in sales, the debate over the future of Canada’s housing market has come down to an argument over how much […]

Dunning: Mortgage Rules (Round 4) Were Overkill – Consult with a Vancouver Mortgage Broker

“…The changes to mortgage insurance criteria are unnecessarily jeopardizing the health of Canada’s housing markets and the broader economy.” That’s the conclusion from economist Will Dunning inCAAMP’s just-released State of the Residential Mortgage Market report. (Link) Dunning says his research suggests the Finance Department has created “a policy-induced housing market downturn” that could reinforce existing […]

First Time Home Buyer – Ask a Vancouver Mortgage Broker

First Time Home Buyer Being a first time home buyer can be a scary yet exciting venture. For many people, buying a home is the most significant investment they will make. As aVancouvermortgage broker, I can tell you that if you plan carefully and get all your ducks in a row before you buy, the […]

Noose Tightens for Potential Homebuyers Standing on Edge – Find a trusted mortgage broker in Vancouver

Noose Tightens for Potential Homebuyers Standing on Edge Anyone who has worked in the real estate business knows how important first time buyers are for residential real estate prices; this includes your trusted mortgage broker in Vancouver. The fact is, new buyers make up a substantial volume of the water on which home prices float. […]

Hurdles Rise for Entry-Level Buyers

Residential real estate relies on first-time buyers, like McDonalds relies on kids loving hamburgers. We need constant demand from young people to keep home prices on the incline. So what happens when it gets harder for fledgling buyers to qualify for the same priced house? With other things equal, prices should drop to meet that new […]

Canada among 7 best housing markets in the world

While much of the world is seeing home prices depreciate, there are a few countries where home prices are on the rise.Canada ranked among Germany, Switzerland and Hong Kong in the top 7 housing markets. Global Property Guide’s latest report shows, however, that even the strongest housing markets are losing momentum as the economy falters. […]

To Buy or not to Buy, that’s a Pretty Big Question (part 2) for first time buyers

To Buy or not to Buy, that’s a Pretty Big Question (part 2) This is part 2 of a 2 part series on down-payments for first time buyers. BMO Capital Markets deputy chief economist, Doug Porter estimates that to save a 5% down-payment (as mentioned in part 1 of the article) and have access to […]

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